LONZ vs. USLN
LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) and USLN (iShares Broad USD Floating Rate Loan ETF) are both Bank Loan funds. LONZ is actively managed, while USLN is passively managed. At a 0.36 correlation, their price movements are largely independent. LONZ charges 0.62%/yr vs 0.43%/yr for USLN.
Performance
LONZ vs. USLN - Performance Comparison
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Returns By Period
LONZ
- 1D
- -0.05%
- 1M
- 0.43%
- YTD
- 1.79%
- 6M
- 1.74%
- 1Y
- 5.52%
- 3Y*
- 8.28%
- 5Y*
- —
- 10Y*
- —
USLN
- 1D
- -0.03%
- 1M
- 0.53%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LONZ vs. USLN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 2.13% |
USLN iShares Broad USD Floating Rate Loan ETF | 1.87% |
Correlation
The correlation between LONZ and USLN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.36 |
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Return for Risk
LONZ vs. USLN — Risk / Return Rank
LONZ
USLN
LONZ vs. USLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and iShares Broad USD Floating Rate Loan ETF (USLN). 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 | USLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.59 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | — | — |
| Martin ratioReturn relative to average drawdown | 11.31 | — | — |
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 | USLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.34 | 2.99 | -0.65 |
Drawdowns
LONZ vs. USLN - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.19%, which is greater than USLN's maximum drawdown of -0.75%. Use the drawdown chart below to compare losses from any high point for LONZ and USLN.
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Drawdown Indicators
| LONZ | USLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -0.75% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.06% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -0.22% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | — | — |
Volatility
LONZ vs. USLN - Volatility Comparison
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Volatility by Period
| LONZ | USLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.26% | 2.60% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 2.60% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.21% | 2.60% | +0.61% |
LONZ vs. USLN - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than USLN's 0.43% expense ratio.
Dividends
LONZ vs. USLN - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 8.14%, more than USLN's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 8.14% | 6.60% | 8.16% | 8.29% | 3.33% |
USLN iShares Broad USD Floating Rate Loan ETF | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LONZ and USLN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USLN is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USLN is cheaper with a 0.43% expense ratio, compared with 0.62% for LONZ.
LONZ has the higher dividend yield at 8.14%, compared with 1.54% for USLN.
They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.62% for LONZ and 0.43% for USLN.
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