MBSF vs. SRLN
MBSF (Regan Floating Rate MBS ETF) and SRLN (SPDR Blackstone Senior Loan ETF) are both exchange-traded funds - MBSF is a Bank Loan fund actively managed by Regan, while SRLN is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid Leveraged Loan Index. MBSF is actively managed, while SRLN is passively managed. Over the past year, MBSF returned 5.34% vs 5.57% for SRLN. At a correlation of -0.03, they often move in opposite directions. MBSF charges 0.49%/yr vs 0.70%/yr for SRLN.
Performance
MBSF vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, MBSF achieves a 1.48% return, which is significantly higher than SRLN's 0.68% return.
MBSF
- 1D
- 0.12%
- 1M
- -0.03%
- YTD
- 1.48%
- 6M
- 2.16%
- 1Y
- 5.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRLN
- 1D
- -0.12%
- 1M
- 0.26%
- YTD
- 0.68%
- 6M
- 1.43%
- 1Y
- 5.57%
- 3Y*
- 7.88%
- 5Y*
- 4.62%
- 10Y*
- 4.52%
MBSF vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MBSF Regan Floating Rate MBS ETF | 1.48% | 5.85% | 5.71% |
SRLN SPDR Blackstone Senior Loan ETF | 0.68% | 6.77% | 7.40% |
Correlation
The correlation between MBSF and SRLN is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | -0.03 |
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Return for Risk
MBSF vs. SRLN — Risk / Return Rank
MBSF
SRLN
MBSF vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Regan Floating Rate MBS ETF (MBSF) 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.
| MBSF | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 6.77 | 1.71 | +5.06 |
| Martin ratioReturn relative to average drawdown | 19.20 | 6.35 | +12.85 |
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
| MBSF | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.94 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.74 | 0.70 | +1.04 |
Drawdowns
MBSF vs. SRLN - Drawdown Comparison
The maximum MBSF drawdown since its inception was -0.97%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for MBSF and SRLN.
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Drawdown Indicators
| MBSF | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.97% | -22.29% | +21.32% |
Max Drawdown (1Y)Largest decline over 1 year | -0.79% | -3.26% | +2.47% |
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 | -0.10% | -0.12% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -1.10% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.88% | -0.60% |
Volatility
MBSF vs. SRLN - Volatility Comparison
Regan Floating Rate MBS ETF (MBSF) has a higher volatility of 0.64% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.44%. This indicates that MBSF's price experiences larger fluctuations and is considered to be riskier 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
| MBSF | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.44% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 2.64% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 2.89% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.34% | 3.91% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.34% | 6.06% | -2.72% |
MBSF vs. SRLN - Expense Ratio Comparison
MBSF has a 0.49% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Dividends
MBSF vs. SRLN - Dividend Comparison
MBSF's dividend yield for the trailing twelve months is around 4.49%, less than SRLN's 7.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBSF Regan Floating Rate MBS ETF | 4.49% | 4.71% | 4.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR 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
MBSF and SRLN have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBSF has higher volatility (0.64%) compared to SRLN (0.44%). In terms of maximum drawdown, MBSF dropped -0.97% vs SRLN's -22.29%.
On 1-year performance, SRLN leads with 5.57% vs 5.34% for MBSF. On fees, MBSF is cheaper at 0.49% per year. On volatility, SRLN has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SRLN has performed better with a 5.57% return vs 5.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSF is cheaper with a 0.49% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.49%, compared with 4.49% for MBSF.
MBSF is categorized as Bank Loan, while SRLN is High Yield Bonds. They also come from different issuers: Regan and State Street. Their fees differ too: 0.49% for MBSF and 0.70% for SRLN.
SRLN currently has the higher Sharpe Ratio (1.94 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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