NPSRX vs. SRLN
Compare and contrast key facts about Nuveen Preferred Securities & Income Fund (NPSRX) and SPDR Blackstone Senior Loan ETF (SRLN).
NPSRX is managed by Nuveen. It was launched on Dec 18, 2006. 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
NPSRX vs. SRLN - Performance Comparison
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NPSRX vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | -1.08% | 11.19% | 9.12% | 6.19% | -9.50% | 5.43% | 5.53% | 17.68% | -5.65% | 11.27% |
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, NPSRX achieves a -1.08% return, which is significantly higher than SRLN's -1.39% return. Over the past 10 years, NPSRX has outperformed SRLN with an annualized return of 5.31%, while SRLN has yielded a comparatively lower 4.50% annualized return.
NPSRX
- 1D
- 0.88%
- 1M
- -2.09%
- YTD
- -1.08%
- 6M
- 1.23%
- 1Y
- 7.83%
- 3Y*
- 9.93%
- 5Y*
- 3.62%
- 10Y*
- 5.31%
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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NPSRX vs. SRLN - Expense Ratio Comparison
NPSRX has a 0.74% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Return for Risk
NPSRX vs. SRLN — Risk / Return Rank
NPSRX
SRLN
NPSRX vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred Securities & Income Fund (NPSRX) 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.
| NPSRX | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 1.29 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.98 | 1.88 | +1.10 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.34 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.65 | +0.77 |
Martin ratioReturn relative to average drawdown | 9.75 | 5.85 | +3.91 |
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
| NPSRX | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.29 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.16 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.75 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.68 | -0.19 |
Correlation
The correlation between NPSRX and SRLN is 0.33, 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
NPSRX vs. SRLN - Dividend Comparison
NPSRX's dividend yield for the trailing twelve months is around 5.92%, less than SRLN's 7.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | 5.92% | 5.72% | 5.38% | 5.87% | 6.18% | 4.97% | 5.02% | 5.39% | 6.00% | 5.51% | 5.81% | 6.20% |
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
NPSRX vs. SRLN - Drawdown Comparison
The maximum NPSRX drawdown since its inception was -62.52%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for NPSRX and SRLN.
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Drawdown Indicators
| NPSRX | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -22.29% | -40.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -3.28% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -7.93% | -9.72% |
Max Drawdown (10Y)Largest decline over 10 years | -26.47% | -22.29% | -4.18% |
Current DrawdownCurrent decline from peak | -2.45% | -1.75% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -1.11% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.93% | -0.07% |
Volatility
NPSRX vs. SRLN - Volatility Comparison
The current volatility for Nuveen Preferred Securities & Income Fund (NPSRX) is 1.59%, while SPDR Blackstone Senior Loan ETF (SRLN) has a volatility of 1.78%. This indicates that NPSRX experiences smaller price fluctuations and is considered to be less risky 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
| NPSRX | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.78% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.56% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.32% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 3.89% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 6.05% | +0.27% |