MTG vs. SRLN
MTG (MGIC Investment Corporation) is a stock, while SRLN (SPDR Blackstone Senior Loan ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid Leveraged Loan Index. Over the past 10 years, MTG returned 15.66%/yr vs 4.52%/yr for SRLN. At a 0.28 correlation, their price movements are largely independent.
Performance
MTG vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, MTG achieves a -13.95% return, which is significantly lower than SRLN's 0.68% return. Over the past 10 years, MTG has outperformed SRLN with an annualized return of 15.66%, while SRLN has yielded a comparatively lower 4.52% annualized return.
MTG
- 1D
- -0.12%
- 1M
- -4.46%
- YTD
- -13.95%
- 6M
- -11.09%
- 1Y
- -3.96%
- 3Y*
- 19.58%
- 5Y*
- 13.73%
- 10Y*
- 15.66%
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%
MTG vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTG MGIC Investment Corporation | -13.95% | 25.88% | 25.68% | 52.41% | -7.50% | 17.19% | -9.20% | 36.71% | -25.87% | 38.47% |
SRLN SPDR Blackstone Senior Loan ETF | 0.68% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
Correlation
The correlation between MTG and SRLN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2013 | 0.28 |
The correlation between MTG and SRLN shifts across timeframes, from 0.11 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
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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 | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.71 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.52 | 6.35 | -6.87 |
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 | -0.17 | 1.94 | -2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.19 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.75 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.70 | -0.63 |
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 | -15.79% | -3.26% | -12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -4.26% | -11.53% |
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 | -60.40% | -0.12% | -60.28% |
Average DrawdownAverage peak-to-trough decline | -52.50% | -1.10% | -51.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 0.88% | +6.81% |
Volatility
MTG vs. SRLN - Volatility Comparison
MGIC Investment Corporation (MTG) has a higher volatility of 4.56% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.44%. 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 | 4.56% | 0.44% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 2.64% | +16.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 2.89% | +20.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.37% | 3.91% | +21.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.40% | 6.06% | +31.34% |
Dividends
MTG vs. SRLN - Dividend Comparison
MTG's dividend yield for the trailing twelve months is around 2.41%, less than SRLN's 7.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTG MGIC Investment Corporation | 2.41% | 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 | 7.49% | 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
MTG and SRLN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTG has higher volatility (4.56%) compared to SRLN (0.44%). In terms of maximum drawdown, MTG dropped -98.86% vs SRLN's -22.29%.
SRLN currently has the higher Sharpe Ratio (1.94 vs -0.17), 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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