MTG vs. SRLN
Compare and contrast key facts about MGIC Investment Corporation (MTG) and SPDR Blackstone Senior Loan ETF (SRLN).
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
MTG vs. SRLN - Performance Comparison
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MTG vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTG MGIC Investment Corporation | -9.62% | 25.88% | 25.68% | 52.41% | -7.50% | 17.19% | -9.20% | 36.71% | -25.87% | 38.47% |
SRLN SPDR Blackstone Senior Loan ETF | -1.39% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
Returns By Period
In the year-to-date period, MTG achieves a -9.62% return, which is significantly lower than SRLN's -1.39% return. Over the past 10 years, MTG has outperformed SRLN with an annualized return of 14.76%, while SRLN has yielded a comparatively lower 4.50% annualized return.
MTG
- 1D
- 0.04%
- 1M
- -3.17%
- YTD
- -9.62%
- 6M
- -5.51%
- 1Y
- 6.60%
- 3Y*
- 27.98%
- 5Y*
- 16.50%
- 10Y*
- 14.76%
SRLN
- 1D
- 0.20%
- 1M
- 1.56%
- YTD
- -1.39%
- 6M
- 0.39%
- 1Y
- 5.55%
- 3Y*
- 7.49%
- 5Y*
- 4.50%
- 10Y*
- 4.50%
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Return for Risk
MTG vs. SRLN — Risk / Return Rank
MTG
SRLN
MTG vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MGIC Investment Corporation (MTG) 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.
| MTG | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 1.29 | -1.02 |
Sortino ratioReturn per unit of downside risk | 0.52 | 1.88 | -1.36 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.34 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.65 | -1.05 |
Martin ratioReturn relative to average drawdown | 1.23 | 5.85 | -4.62 |
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
| MTG | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.29 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.16 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.75 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.68 | -0.60 |
Correlation
The correlation between MTG and SRLN is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MTG vs. SRLN - Dividend Comparison
MTG's dividend yield for the trailing twelve months is around 2.21%, less than SRLN's 7.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTG MGIC Investment Corporation | 2.21% | 1.92% | 2.07% | 2.23% | 2.77% | 1.94% | 1.91% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 7.70% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Drawdowns
MTG vs. SRLN - Drawdown Comparison
The maximum MTG drawdown since its inception was -98.86%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for MTG and SRLN.
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Drawdown Indicators
| MTG | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.86% | -22.29% | -76.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.93% | -3.28% | -10.65% |
Max Drawdown (5Y)Largest decline over 5 years | -30.08% | -7.93% | -22.15% |
Max Drawdown (10Y)Largest decline over 10 years | -68.14% | -22.29% | -45.85% |
Current DrawdownCurrent decline from peak | -58.41% | -1.75% | -56.66% |
Average DrawdownAverage peak-to-trough decline | -52.47% | -1.11% | -51.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 0.93% | +5.80% |
Volatility
MTG vs. SRLN - Volatility Comparison
MGIC Investment Corporation (MTG) has a higher volatility of 4.18% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 1.78%. This indicates that MTG'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
| MTG | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 1.78% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.48% | 2.56% | +14.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.04% | 4.32% | +20.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.44% | 3.89% | +21.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.62% | 6.05% | +31.57% |