LONZ vs. SRLN
Compare and contrast key facts about PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and SPDR Blackstone Senior Loan ETF (SRLN).
LONZ and SRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LONZ is an actively managed fund by PIMCO. It was launched on Jun 8, 2022. SRLN is a passively managed fund by State Street that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Apr 3, 2013.
Performance
LONZ vs. SRLN - Performance Comparison
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LONZ vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | -0.27% | 5.05% | 9.85% | 12.56% | 0.80% |
SRLN SPDR Blackstone Senior Loan ETF | -1.58% | 6.77% | 8.43% | 11.62% | -1.50% |
Returns By Period
In the year-to-date period, LONZ achieves a -0.27% return, which is significantly higher than SRLN's -1.58% return.
LONZ
- 1D
- 0.47%
- 1M
- 1.00%
- YTD
- -0.27%
- 6M
- 0.65%
- 1Y
- 5.23%
- 3Y*
- 8.01%
- 5Y*
- —
- 10Y*
- —
SRLN
- 1D
- 0.55%
- 1M
- 1.20%
- YTD
- -1.58%
- 6M
- 0.17%
- 1Y
- 5.24%
- 3Y*
- 7.42%
- 5Y*
- 4.46%
- 10Y*
- 4.48%
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LONZ vs. SRLN - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Return for Risk
LONZ vs. SRLN — Risk / Return Rank
LONZ
SRLN
LONZ vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and SPDR Blackstone Senior Loan ETF (SRLN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| LONZ | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.22 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.78 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.56 | -0.07 |
Martin ratioReturn relative to average drawdown | 8.06 | 5.67 | +2.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LONZ | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.22 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.24 | 0.67 | +1.57 |
Correlation
The correlation between LONZ and SRLN is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LONZ vs. SRLN - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 7.27%, less than SRLN's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.27% | 6.60% | 8.16% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 7.73% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Drawdowns
LONZ vs. SRLN - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.19%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for LONZ and SRLN.
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Drawdown Indicators
| LONZ | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -22.29% | +18.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -3.31% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.29% | — |
Current DrawdownCurrent decline from peak | -1.05% | -1.94% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -1.11% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.93% | -0.30% |
Volatility
LONZ vs. SRLN - Volatility Comparison
The current volatility for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is 1.22%, while SPDR Blackstone Senior Loan ETF (SRLN) has a volatility of 1.77%. This indicates that LONZ experiences smaller price fluctuations and is considered to be less risky than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LONZ | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.77% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 2.55% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.32% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 3.89% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 6.05% | -2.79% |