SLNZ vs. MBSF

Last updated Apr 2, 2026

Compare and contrast key facts about TCW Senior Loan ETF (SLNZ) and Regan Floating Rate MBS ETF (MBSF).

SLNZ and MBSF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLNZ is an actively managed fund by TCW. It was launched on Jun 28, 2013. MBSF is an actively managed fund by Regan. It was launched on Feb 27, 2024.

Performance

SLNZ vs. MBSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Senior Loan ETF (SLNZ) and Regan Floating Rate MBS ETF (MBSF). The values are adjusted to include any dividend payments, if applicable.

SLNZ vs. MBSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLNZ TCW Senior Loan ETF	-1.15%	5.21%	0.87%
MBSF Regan Floating Rate MBS ETF	0.75%	5.85%	0.41%

Returns By Period

In the year-to-date period, SLNZ achieves a -1.15% return, which is significantly lower than MBSF's 0.75% return.

SLNZ

• 1D: -0.18%
• 1M: -0.10%
• YTD: -1.15%
• 6M: -0.10%
• 1Y: 2.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MBSF

• 1D: 0.31%
• 1M: -0.13%
• YTD: 0.75%
• 6M: 2.41%
• 1Y: 5.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLNZ vs. MBSF - Expense Ratio Comparison

SLNZ has a 0.65% expense ratio, which is higher than MBSF's 0.49% expense ratio.

SLNZ

TCW Senior Loan ETF

MBSF

Regan Floating Rate MBS ETF

Return for Risk

SLNZ vs. MBSF — Risk / Return Rank

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

SLNZ

SLNZ Risk / Return Rank: 28
SLNZ Sharpe Ratio Rank: 26
SLNZ Sortino Ratio Rank: 23
SLNZ Omega Ratio Rank: 23
SLNZ Calmar Ratio Rank: 38
SLNZ Martin Ratio Rank: 32

MBSF

MBSF Risk / Return Rank: 89
MBSF Sharpe Ratio Rank: 83
MBSF Sortino Ratio Rank: 89
MBSF Omega Ratio Rank: 77
MBSF Calmar Ratio Rank: 98
MBSF Martin Ratio Rank: 96

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. MBSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Senior Loan ETF (SLNZ) and Regan Floating Rate MBS ETF (MBSF). 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.

	SLNZ	MBSF	Difference
Sharpe ratio Return per unit of total volatility	0.51	1.69	-1.18
Sortino ratio Return per unit of downside risk	0.71	2.61	-1.90
Omega ratio Gain probability vs. loss probability	1.10	1.31	-0.21
Calmar ratio Return relative to maximum drawdown	1.18	6.70	-5.52
Martin ratio Return relative to average drawdown	3.48	19.07	-15.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLNZ vs. MBSF - Sharpe Ratio Comparison

The current SLNZ Sharpe Ratio is 0.51, which is lower than the MBSF Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SLNZ and MBSF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLNZ	MBSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	1.69	-1.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.74	-0.90

Correlation

The correlation between SLNZ and MBSF is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SLNZ vs. MBSF - Dividend Comparison

SLNZ's dividend yield for the trailing twelve months is around 7.70%, more than MBSF's 4.63% yield.

	TTM	2025	2024
SLNZ TCW Senior Loan ETF	7.70%	7.39%	1.39%
MBSF Regan Floating Rate MBS ETF	4.63%	4.71%	4.14%

Drawdowns

SLNZ vs. MBSF - Drawdown Comparison

The maximum SLNZ drawdown since its inception was -2.57%, which is greater than MBSF's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for SLNZ and MBSF.

Drawdown Indicators

	SLNZ	MBSF	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-0.97%	-1.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-0.79%	-1.78%
Current Drawdown Current decline from peak	-1.91%	-0.48%	-1.43%
Average Drawdown Average peak-to-trough decline	-0.46%	-0.23%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.28%	+0.59%

Volatility

SLNZ vs. MBSF - Volatility Comparison

TCW Senior Loan ETF (SLNZ) has a higher volatility of 1.93% compared to Regan Floating Rate MBS ETF (MBSF) at 1.42%. This indicates that SLNZ's price experiences larger fluctuations and is considered to be riskier than MBSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLNZ	MBSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	1.42%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	3.82%	2.29%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	4.72%	3.09%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.31%	3.42%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.31%	3.42%	+0.89%