NPSRX vs. SRLN
NPSRX (Nuveen Preferred Securities & Income Fund) and SRLN (State Street Blackstone Senior Loan ETF) are both funds - NPSRX is a Preferred Stock/Convertible Bonds fund managed by Nuveen, while SRLN is a Bank Loan fund actively managed by State Street. Over the past 10 years, NPSRX returned 5.29%/yr vs 4.54%/yr for SRLN. At a 0.33 correlation, their price movements are largely independent. NPSRX charges 0.74%/yr vs 0.70%/yr for SRLN.
Performance
NPSRX vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, NPSRX achieves a 0.60% return, which is significantly higher than SRLN's 0.48% return. Over the past 10 years, NPSRX has outperformed SRLN with an annualized return of 5.29%, while SRLN has yielded a comparatively lower 4.54% annualized return.
NPSRX
- 1D
- 0.00%
- 1M
- 0.63%
- YTD
- 0.60%
- 6M
- 1.21%
- 1Y
- 7.88%
- 3Y*
- 10.19%
- 5Y*
- 3.53%
- 10Y*
- 5.29%
SRLN
- 1D
- -0.15%
- 1M
- 0.11%
- YTD
- 0.48%
- 6M
- 0.74%
- 1Y
- 5.02%
- 3Y*
- 7.38%
- 5Y*
- 4.48%
- 10Y*
- 4.54%
NPSRX vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | 0.60% | 11.19% | 9.12% | 6.19% | -9.50% | 5.43% | 5.53% | 17.68% | -5.65% | 11.27% |
SRLN State Street Blackstone Senior Loan ETF | 0.48% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
Correlation
The correlation between NPSRX and SRLN is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.33 |
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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 State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NPSRX | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.38 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.55 | +0.90 |
| Martin ratioReturn relative to average drawdown | 9.53 | 5.72 | +3.80 |
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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 | -3.30% | -3.26% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -4.26% | +0.66% |
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 | -0.79% | -0.32% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -1.10% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.88% | -0.03% |
Volatility
NPSRX vs. SRLN - Volatility Comparison
Nuveen Preferred Securities & Income Fund (NPSRX) has a higher volatility of 0.78% compared to State Street Blackstone Senior Loan ETF (SRLN) at 0.62%. This indicates that NPSRX'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
| NPSRX | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.62% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 2.67% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 2.91% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 3.92% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 6.06% | +0.27% |
NPSRX vs. SRLN - Expense Ratio Comparison
NPSRX has a 0.74% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Dividends
NPSRX vs. SRLN - Dividend Comparison
NPSRX's dividend yield for the trailing twelve months is around 5.39%, less than SRLN's 7.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | 5.39% | 5.72% | 5.38% | 5.87% | 6.18% | 4.97% | 5.02% | 5.39% | 6.00% | 5.51% | 5.81% | 6.20% |
SRLN State Street Blackstone Senior Loan ETF | 7.51% | 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
NPSRX and SRLN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPSRX has higher volatility (0.78%) compared to SRLN (0.62%). In terms of maximum drawdown, NPSRX dropped -62.52% vs SRLN's -22.29%.
NPSRX currently has the higher Sharpe Ratio (2.68 vs 1.73), 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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