SLNZ vs. JHLN
SLNZ (TCW Senior Loan ETF) and JHLN (John Hancock Global Senior Loan ETF) are both Bank Loan funds. Both are actively managed. Their 0.01 correlation means their historical movements had little consistent relationship. SLNZ charges 0.65%/yr vs 0.59%/yr for JHLN.
Performance
SLNZ vs. JHLN - Performance Comparison
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Returns By Period
In the year-to-date period, SLNZ achieves a 2.65% return, which is significantly higher than JHLN's 1.29% return.
SLNZ
- 1D
- 0.15%
- 1M
- 0.68%
- 6M
- 2.53%
- YTD
- 2.65%
- 1Y
- 4.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.19%
JHLN
- 1D
- 0.36%
- 1M
- 0.38%
- 6M
- 1.47%
- YTD
- 1.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $841.58K | $913.34K | $636.31K | |
| $171.84K | $98.00K | $256.92K |
SLNZ vs. JHLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLNZ TCW Senior Loan ETF | 2.65% | 1.84% |
JHLN John Hancock Global Senior Loan ETF | 1.29% | 1.55% |
Correlation
The correlation between SLNZ and JHLN is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.01 |
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Return for Risk
SLNZ vs. JHLN — Risk / Return Rank
SLNZ
JHLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLNZ vs. JHLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Senior Loan ETF (SLNZ) and John Hancock Global Senior Loan ETF (JHLN). 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 | JHLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | — | — |
| Martin ratioReturn relative to average drawdown | 5.89 | — | — |
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Drawdowns
SLNZ vs. JHLN - Drawdown Comparison
The maximum SLNZ drawdown since its inception was -2.57%, which is greater than JHLN's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for SLNZ and JHLN.
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Drawdown Indicators
| SLNZ | JHLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.57% | -1.46% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -0.29% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | — | — |
Volatility
SLNZ vs. JHLN - Volatility Comparison
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Volatility by Period
| SLNZ | JHLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 2.64% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 2.64% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 2.64% | +1.49% |
SLNZ vs. JHLN - Expense Ratio Comparison
SLNZ has a 0.65% expense ratio, which is higher than JHLN's 0.59% expense ratio.
Dividends
SLNZ vs. JHLN - Dividend Comparison
SLNZ's dividend yield for the trailing twelve months is around 7.46%, more than JHLN's 4.89% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 4.89% | 1.88% | 0.00% |
SLNZ TCW Senior Loan ETF | 7.46% | 7.39% | 1.39% |
Frequently Asked Questions
SLNZ and JHLN have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHLN is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHLN is cheaper with a 0.59% expense ratio, compared with 0.65% for SLNZ.
SLNZ has the higher dividend yield at 7.46%, compared with 4.89% for JHLN.
They also come from different issuers: TCW and John Hancock. Their fees differ too: 0.65% for SLNZ and 0.59% for JHLN.
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