SLRC vs. SPY
SLRC (SLR Investment Corp.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SLRC returned 4.85%/yr vs 15.07%/yr for SPY. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
SLRC vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, SLRC achieves a -14.15% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, SLRC has underperformed SPY with an annualized return of 4.85%, while SPY has yielded a comparatively higher 15.07% annualized return.
SLRC
- 1D
- -1.41%
- 1M
- 1.78%
- 6M
- -11.52%
- YTD
- -14.15%
- 1Y
- -12.13%
- 3Y*
- 3.85%
- 5Y*
- 2.19%
- 10Y*
- 4.85%
- ALL TIME*
- 7.48%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.36M | $6.22M | $6.20M | |
| $37.27B | $35.99B | $39.23B |
SLRC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLRC SLR Investment Corp. | -14.15% | 5.72% | 19.15% | 20.57% | -16.13% | 14.74% | -5.63% | 16.18% | 2.78% | 4.72% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between SLRC and SPY is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2010 | 0.44 |
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Return for Risk
SLRC vs. SPY — Risk / Return Rank
SLRC
SPY
SLRC vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SLR Investment Corp. (SLRC) and State Street SPDR S&P 500 ETF (SPY). 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.
| SLRC | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.27 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.20 | -2.77 |
| Martin ratioReturn relative to average drawdown | -1.19 | 9.40 | -10.59 |
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Drawdowns
SLRC vs. SPY - Drawdown Comparison
The maximum SLRC drawdown since its inception was -63.06%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SLRC and SPY.
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Drawdown Indicators
| SLRC | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.06% | -55.19% | -7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -22.44% | -8.88% | -13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -18.76% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -31.72% | -24.50% | -7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -63.06% | -33.72% | -29.34% |
Current DrawdownCurrent decline from peak | -20.09% | -1.40% | -18.69% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -9.01% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 2.08% | +8.60% |
Volatility
SLRC vs. SPY - Volatility Comparison
SLR Investment Corp. (SLRC) has a higher volatility of 7.00% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that SLRC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLRC | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 3.58% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 21.38% | 10.14% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.14% | 12.89% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.50% | 17.18% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.56% | 17.95% | +11.61% |
Dividends
SLRC vs. SPY - Dividend Comparison
SLRC's dividend yield for the trailing twelve months is around 12.24%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLRC SLR Investment Corp. | 12.24% | 10.61% | 10.15% | 10.91% | 11.79% | 8.90% | 9.37% | 7.95% | 8.55% | 7.92% | 7.68% | 9.74% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
SLRC and SPY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLRC has higher volatility (7.00%) compared to SPY (3.58%). In terms of maximum drawdown, SLRC dropped -63.06% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.53), 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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