OANCX vs. SRLN
Compare and contrast key facts about Oakmark Bond Fund (OANCX) and SPDR Blackstone Senior Loan ETF (SRLN).
OANCX is managed by Oakmark. It was launched on Oct 4, 2020. 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: OANCX or SRLN.
Key characteristics
| OANCX | SRLN | |
|---|---|---|
| YTD Return | 6.71% | 5.35% |
| 1Y Return | 12.61% | 8.51% |
| 3Y Return (Ann) | 0.12% | 3.97% |
| Sharpe Ratio | 2.17 | 4.23 |
| Daily Std Dev | 5.75% | 2.03% |
| Max Drawdown | -15.34% | -22.29% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OANCX and SRLN is 0.24, 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
OANCX vs. SRLN - Performance Comparison
In the year-to-date period, OANCX achieves a 6.71% return, which is significantly higher than SRLN's 5.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OANCX vs. SRLN - Expense Ratio Comparison
OANCX has a 0.52% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
OANCX vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Bond Fund (OANCX) 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
OANCX vs. SRLN - Dividend Comparison
OANCX's dividend yield for the trailing twelve months is around 4.54%, less than SRLN's 8.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OANCX Oakmark Bond Fund | 4.54% | 4.53% | 3.24% | 3.17% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 8.99% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
OANCX vs. SRLN - Drawdown Comparison
The maximum OANCX drawdown since its inception was -15.34%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for OANCX and SRLN. For additional features, visit the drawdowns tool.
Volatility
OANCX vs. SRLN - Volatility Comparison
Oakmark Bond Fund (OANCX) has a higher volatility of 1.00% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.43%. This indicates that OANCX'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.