SNLN vs. BANX

Last updated Jun 4, 2026

SNLN (Highland iBoxx Senior Loan ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid Leveraged Loan Index, while BANX (StoneCastle Financial Corp.) is a stock. At a 0.10 correlation, their price movements are largely independent.

Performance

SNLN vs. BANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Highland iBoxx Senior Loan ETF (SNLN) and StoneCastle Financial Corp. (BANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNLN

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

BANX

• 1D: 0.15%
• 1M: 1.74%
• YTD: -5.58%
• 6M: -2.02%
• 1Y: 11.94%
• 3Y*: 16.94%
• 5Y*: 7.94%
• 10Y*: 10.38%

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

SNLN vs. BANX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNLN Highland iBoxx Senior Loan ETF	0.00%	0.00%	0.00%	5.84%	-3.76%	2.05%	-5.73%	7.03%	-0.95%	1.66%
BANX StoneCastle Financial Corp.	-5.58%	15.64%	27.68%	20.43%	-15.27%	20.95%	-5.78%	23.84%	2.95%	16.01%

Correlation

The correlation between SNLN and BANX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013	0.10

Return for Risk

SNLN vs. BANX — Risk / Return Rank

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

BANX

BANX Risk / Return Rank: 60
BANX Sharpe Ratio Rank: 65
BANX Sortino Ratio Rank: 58
BANX Omega Ratio Rank: 58
BANX Calmar Ratio Rank: 60
BANX Martin Ratio Rank: 60

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.

SNLN vs. BANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Highland iBoxx Senior Loan ETF (SNLN) and StoneCastle Financial Corp. (BANX). 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.

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

Sharpe Ratios by Period

	SNLN	BANX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.77	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.26	—

Drawdowns

Drawdown Indicators

	SNLN	BANX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.06%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.06%	—
Current Drawdown Current decline from peak	—	-6.77%	—
Average Drawdown Average peak-to-trough decline	—	-9.46%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.73%	—

Volatility

Volatility by Period

	SNLN	BANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.54%	—

Dividends

SNLN vs. BANX - Dividend Comparison

SNLN has not paid dividends to shareholders, while BANX's dividend yield for the trailing twelve months is around 13.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BANX StoneCastle Financial Corp.	13.16%	10.54%	9.53%	12.11%	9.74%	5.64%	8.16%	6.82%	7.88%	7.45%	7.81%	9.26%
SNLN Highland iBoxx Senior Loan ETF	0.00%	0.00%	0.00%	5.50%	4.88%	2.83%	3.21%	4.72%	5.03%	4.75%	4.36%	4.36%

Frequently Asked Questions

Can I hold both SNLN and BANX in my portfolio?

SNLN and BANX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.