MUIBX vs. SRLN
Compare and contrast key facts about Nationwide Bond Fund (MUIBX) and SPDR Blackstone Senior Loan ETF (SRLN).
MUIBX is managed by Nationwide. It was launched on Mar 3, 1980. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUIBX or SRLN.
Correlation
The correlation between MUIBX and SRLN is 0.02, 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.
Performance
MUIBX vs. SRLN - Performance Comparison
Key characteristics
MUIBX:
0.85
SRLN:
4.81
MUIBX:
1.24
SRLN:
7.20
MUIBX:
1.15
SRLN:
2.37
MUIBX:
0.28
SRLN:
6.48
MUIBX:
2.08
SRLN:
52.98
MUIBX:
2.19%
SRLN:
0.17%
MUIBX:
5.41%
SRLN:
1.84%
MUIBX:
-21.61%
SRLN:
-22.29%
MUIBX:
-11.13%
SRLN:
0.00%
Returns By Period
In the year-to-date period, MUIBX achieves a 0.94% return, which is significantly higher than SRLN's 0.74% return. Over the past 10 years, MUIBX has underperformed SRLN with an annualized return of 1.05%, while SRLN has yielded a comparatively higher 3.92% annualized return.
MUIBX
0.94%
1.19%
-0.97%
4.57%
-1.39%
1.05%
SRLN
0.74%
0.23%
4.56%
8.59%
4.40%
3.92%
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MUIBX vs. SRLN - Expense Ratio Comparison
MUIBX has a 0.52% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
MUIBX vs. SRLN — Risk-Adjusted Performance Rank
MUIBX
SRLN
MUIBX vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Bond Fund (MUIBX) 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.
Dividends
MUIBX vs. SRLN - Dividend Comparison
MUIBX's dividend yield for the trailing twelve months is around 3.86%, less than SRLN's 8.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUIBX Nationwide Bond Fund | 3.86% | 3.88% | 3.73% | 2.85% | 2.03% | 2.52% | 2.93% | 3.05% | 2.69% | 2.42% | 2.58% | 3.64% |
SRLN SPDR Blackstone Senior Loan ETF | 8.47% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% |
Drawdowns
MUIBX vs. SRLN - Drawdown Comparison
The maximum MUIBX drawdown since its inception was -21.61%, roughly equal to the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for MUIBX and SRLN. For additional features, visit the drawdowns tool.
Volatility
MUIBX vs. SRLN - Volatility Comparison
Nationwide Bond Fund (MUIBX) has a higher volatility of 1.25% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.30%. This indicates that MUIBX'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.