QQQT vs. SRLN
Compare and contrast key facts about Defiance Nasdaq 100 Income Target ETF (QQQT) and SPDR Blackstone Senior Loan ETF (SRLN).
QQQT and SRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQT is an actively managed fund by Defiance. It was launched on Jun 20, 2024. 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
QQQT vs. SRLN - Performance Comparison
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QQQT vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQT Defiance Nasdaq 100 Income Target ETF | -4.89% | 14.04% | 4.51% |
SRLN SPDR Blackstone Senior Loan ETF | -1.39% | 6.77% | 5.02% |
Returns By Period
In the year-to-date period, QQQT achieves a -4.89% return, which is significantly lower than SRLN's -1.39% return.
QQQT
- 1D
- 1.30%
- 1M
- -3.45%
- YTD
- -4.89%
- 6M
- -4.59%
- 1Y
- 17.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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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QQQT vs. SRLN - Expense Ratio Comparison
QQQT has a 1.05% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Return for Risk
QQQT vs. SRLN — Risk / Return Rank
QQQT
SRLN
QQQT vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) 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.
| QQQT | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.29 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.88 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.65 | -0.19 |
Martin ratioReturn relative to average drawdown | 4.81 | 5.85 | -1.04 |
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
| QQQT | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.29 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.68 | -0.32 |
Correlation
The correlation between QQQT and SRLN is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQQT vs. SRLN - Dividend Comparison
QQQT's dividend yield for the trailing twelve months is around 23.01%, more than SRLN's 7.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQT Defiance Nasdaq 100 Income Target ETF | 23.01% | 21.27% | 10.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
QQQT vs. SRLN - Drawdown Comparison
The maximum QQQT drawdown since its inception was -22.50%, roughly equal to the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for QQQT and SRLN.
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Drawdown Indicators
| QQQT | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.50% | -22.29% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -3.28% | -9.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.29% | — |
Current DrawdownCurrent decline from peak | -8.78% | -1.75% | -7.03% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -1.11% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 0.93% | +2.94% |
Volatility
QQQT vs. SRLN - Volatility Comparison
Defiance Nasdaq 100 Income Target ETF (QQQT) has a higher volatility of 6.36% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 1.78%. This indicates that QQQT'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
| QQQT | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 1.78% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 2.56% | +9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 4.32% | +17.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 3.89% | +16.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 6.05% | +14.58% |