SLNZ vs. GSIG

Last updated Jul 14, 2026

SLNZ (TCW Senior Loan ETF) and GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) are both exchange-traded funds - SLNZ is a Bank Loan fund actively managed by TCW, while GSIG is a Corporate Bonds fund tracking the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index. SLNZ is actively managed, while GSIG is passively managed. At a correlation of -0.05, they often move in opposite directions. SLNZ charges 0.65%/yr vs 0.14%/yr for GSIG.

Performance

SLNZ vs. GSIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Senior Loan ETF (SLNZ) and Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SLNZ

• 1D: 0.10%
• 1M: 1.09%
• 6M: 2.00%
• YTD: 2.27%
• 1Y: 4.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSIG

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SLNZ vs. GSIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLNZ TCW Senior Loan ETF	2.27%	5.21%	0.94%
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	0.68%	6.69%	0.42%

Correlation

The correlation between SLNZ and GSIG is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	-0.05

Return for Risk

SLNZ vs. GSIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLNZ

SLNZ Risk / Return Rank: 37
SLNZ Sharpe Ratio Rank: 35
SLNZ Sortino Ratio Rank: 30
SLNZ Omega Ratio Rank: 37
SLNZ Calmar Ratio Rank: 42
SLNZ Martin Ratio Rank: 42

GSIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLNZ vs. GSIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Senior Loan ETF (SLNZ) and Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG). 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.

	SLNZ	GSIG	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.35	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.71	—	—
Martin ratio: Return relative to average drawdown	5.34	—	—

Drawdowns

Drawdown Indicators

	SLNZ	GSIG	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.43%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	—	—

Volatility

Volatility by Period

	SLNZ	GSIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.20%	—	—

SLNZ vs. GSIG - Expense Ratio Comparison

SLNZ has a 0.65% expense ratio, which is higher than GSIG's 0.14% expense ratio.

Dividends

SLNZ vs. GSIG - Dividend Comparison

SLNZ's dividend yield for the trailing twelve months is around 7.49%, more than GSIG's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	4.00%	4.61%	4.59%	3.51%	2.21%	1.04%	0.45%
SLNZ TCW Senior Loan ETF	7.49%	7.39%	1.39%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLNZ and GSIG in my portfolio?

SLNZ and GSIG have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLNZ or GSIG?

On fees, GSIG is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLNZ or GSIG?

GSIG is cheaper with a 0.14% expense ratio, compared with 0.65% for SLNZ.

Which ETF pays a higher dividend yield, SLNZ or GSIG?

SLNZ has the higher dividend yield at 7.49%, compared with 4.00% for GSIG.

What is the main difference between SLNZ and GSIG?

SLNZ is categorized as Bank Loan, while GSIG is Corporate Bonds. They also come from different issuers: TCW and Goldman Sachs. Their fees differ too: 0.65% for SLNZ and 0.14% for GSIG.