PQIPX vs. SRLN
PQIPX (PIMCO Dividend and Income Fund) and SRLN (State Street Blackstone Senior Loan ETF) are both funds - PQIPX is a Global Allocation fund managed by PIMCO, while SRLN is a Bank Loan fund actively managed by State Street. Over the past 10 years, PQIPX returned 8.55%/yr vs 4.52%/yr for SRLN. At a 0.42 correlation, their price movements are largely independent. PQIPX charges 0.81%/yr vs 0.70%/yr for SRLN.
Performance
PQIPX vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, PQIPX achieves a 8.13% return, which is significantly higher than SRLN's 0.28% return. Over the past 10 years, PQIPX has outperformed SRLN with an annualized return of 8.55%, while SRLN has yielded a comparatively lower 4.52% annualized return.
PQIPX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 8.13%
- 6M
- 6.64%
- 1Y
- 17.27%
- 3Y*
- 13.33%
- 5Y*
- 7.60%
- 10Y*
- 8.55%
SRLN
- 1D
- -0.20%
- 1M
- -0.09%
- YTD
- 0.28%
- 6M
- 0.45%
- 1Y
- 4.54%
- 3Y*
- 7.31%
- 5Y*
- 4.43%
- 10Y*
- 4.52%
PQIPX vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQIPX PIMCO Dividend and Income Fund | 8.13% | 17.26% | 7.08% | 11.93% | -6.37% | 18.45% | -1.54% | 15.53% | -8.78% | 16.08% |
SRLN State Street Blackstone Senior Loan ETF | 0.28% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
Correlation
The correlation between PQIPX and SRLN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.43 |
The correlation between PQIPX and SRLN shifts across timeframes, from 0.41 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PQIPX vs. SRLN — Risk / Return Rank
PQIPX
SRLN
PQIPX vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dividend and Income Fund (PQIPX) 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.
| PQIPX | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.34 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.40 | +2.17 |
| Martin ratioReturn relative to average drawdown | 14.72 | 5.17 | +9.55 |
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Drawdowns
PQIPX vs. SRLN - Drawdown Comparison
The maximum PQIPX drawdown since its inception was -33.13%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for PQIPX and SRLN.
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Drawdown Indicators
| PQIPX | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -22.29% | -10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -3.26% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -4.26% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -7.93% | -7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -22.29% | -10.84% |
Current DrawdownCurrent decline from peak | -0.84% | -0.52% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -1.10% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.88% | +0.34% |
Volatility
PQIPX vs. SRLN - Volatility Comparison
PIMCO Dividend and Income Fund (PQIPX) has a higher volatility of 1.93% compared to State Street Blackstone Senior Loan ETF (SRLN) at 0.64%. This indicates that PQIPX'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
| PQIPX | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 0.64% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.38% | 2.68% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.53% | 2.92% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 3.92% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.99% | 6.06% | +5.93% |
PQIPX vs. SRLN - Expense Ratio Comparison
PQIPX has a 0.81% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Dividends
PQIPX vs. SRLN - Dividend Comparison
PQIPX's dividend yield for the trailing twelve months is around 2.82%, less than SRLN's 7.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIPX PIMCO Dividend and Income Fund | 2.82% | 2.05% | 3.02% | 4.35% | 5.51% | 3.96% | 2.69% | 3.79% | 3.73% | 2.69% | 3.46% | 11.08% |
SRLN State Street Blackstone Senior Loan ETF | 7.52% | 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
PQIPX and SRLN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PQIPX has higher volatility (1.93%) compared to SRLN (0.64%). In terms of maximum drawdown, PQIPX dropped -33.13% vs SRLN's -22.29%.
PQIPX currently has the higher Sharpe Ratio (2.77 vs 1.57), 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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