LVLN vs. SRLN
LVLN (SPDR S&P Leveraged Loan ETF) and SRLN (State Street Blackstone Senior Loan ETF) are both Bank Loan funds from State Street. LVLN is passively managed, while SRLN is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. LVLN charges 0.40%/yr vs 0.70%/yr for SRLN.
Performance
LVLN vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, LVLN achieves a 1.13% return, which is significantly higher than SRLN's 0.75% return.
LVLN
- 1D
- 0.10%
- 1M
- 0.52%
- YTD
- 1.13%
- 6M
- 1.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRLN
- 1D
- 0.10%
- 1M
- 0.31%
- YTD
- 0.75%
- 6M
- 1.24%
- 1Y
- 5.41%
- 3Y*
- 7.50%
- 5Y*
- 4.60%
- 10Y*
- 4.56%
LVLN vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LVLN SPDR S&P Leveraged Loan ETF | 1.13% | 1.14% |
SRLN State Street Blackstone Senior Loan ETF | 0.75% | 1.41% |
Correlation
The correlation between LVLN and SRLN is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.59 |
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Return for Risk
LVLN vs. SRLN — Risk / Return Rank
LVLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SRLN
LVLN vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Leveraged Loan ETF (LVLN) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LVLN | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.67 | — |
| Martin ratioReturn relative to average drawdown | — | 6.17 | — |
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Drawdowns
LVLN vs. SRLN - Drawdown Comparison
The maximum LVLN drawdown since its inception was -2.34%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for LVLN and SRLN.
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Drawdown Indicators
| LVLN | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.34% | -22.29% | +19.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.26% | — |
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 | -0.04% | -0.05% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -1.10% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
LVLN vs. SRLN - Volatility Comparison
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Volatility by Period
| LVLN | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 2.91% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.71% | 3.91% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 6.06% | -3.35% |
LVLN vs. SRLN - Expense Ratio Comparison
LVLN has a 0.40% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Dividends
LVLN vs. SRLN - Dividend Comparison
LVLN's dividend yield for the trailing twelve months is around 3.71%, less than SRLN's 7.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LVLN SPDR S&P Leveraged Loan ETF | 3.71% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN State Street Blackstone Senior Loan ETF | 7.49% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Frequently Asked Questions
LVLN and SRLN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVLN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVLN is cheaper with a 0.40% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.49%, compared with 3.71% for LVLN.
Their fees differ too: 0.40% for LVLN and 0.70% for SRLN.
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