SRLN vs. BKLN
SRLN (State Street Blackstone Senior Loan ETF) and BKLN (Invesco Senior Loan ETF) are both Bank Loan funds. SRLN is actively managed, while BKLN is passively managed. Over the past 10 years, SRLN returned 4.51%/yr vs 4.23%/yr for BKLN. Their 0.62 correlation means they have sometimes moved together and sometimes differently. SRLN charges 0.70%/yr vs 0.65%/yr for BKLN.
Performance
SRLN vs. BKLN - Performance Comparison
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Returns By Period
In the year-to-date period, SRLN achieves a 1.38% return, which is significantly higher than BKLN's 0.65% return. Over the past 10 years, SRLN has outperformed BKLN with an annualized return of 4.51%, while BKLN has yielded a comparatively lower 4.23% annualized return.
SRLN
- 1D
- 0.02%
- 1M
- 0.62%
- 6M
- 2.15%
- YTD
- 1.38%
- 1Y
- 4.61%
- 3Y*
- 7.15%
- 5Y*
- 4.79%
- 10Y*
- 4.51%
- ALL TIME*
- 3.80%
BKLN
- 1D
- 0.05%
- 1M
- 0.73%
- 6M
- 1.39%
- YTD
- 0.65%
- 1Y
- 4.08%
- 3Y*
- 6.92%
- 5Y*
- 5.35%
- 10Y*
- 4.23%
- ALL TIME*
- 3.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $118.65M | $121.61M | $174.22M | |
| $41.26M | $48.21M | $73.40M |
SRLN vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 1.38% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
BKLN Invesco Senior Loan ETF | 0.65% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Correlation
The correlation between SRLN and BKLN is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.62 |
The correlation between SRLN and BKLN shifts across timeframes, from 0.62 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SRLN vs. BKLN — Risk / Return Rank
SRLN
BKLN
SRLN vs. BKLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) and Invesco Senior Loan ETF (BKLN). 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.
| SRLN | BKLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.27 | +0.07 |
| Martin ratioReturn relative to average drawdown | 4.95 | 4.91 | +0.04 |
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Drawdowns
SRLN vs. BKLN - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for SRLN and BKLN.
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Drawdown Indicators
| SRLN | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -24.17% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -3.07% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -3.55% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -7.31% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -24.17% | +1.88% |
Current DrawdownCurrent decline from peak | -0.02% | -0.05% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -1.08% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.79% | +0.09% |
Volatility
SRLN vs. BKLN - Volatility Comparison
State Street Blackstone Senior Loan ETF (SRLN) has a higher volatility of 0.52% compared to Invesco Senior Loan ETF (BKLN) at 0.34%. This indicates that SRLN's price experiences larger fluctuations and is considered to be riskier than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRLN | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.34% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.53% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 2.77% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 4.47% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 6.41% | -0.35% |
SRLN vs. BKLN - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Dividends
SRLN vs. BKLN - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.39%, more than BKLN's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.53% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
SRLN State Street Blackstone Senior Loan ETF | 6.72% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Frequently Asked Questions
SRLN and BKLN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRLN has higher volatility (0.52%) compared to BKLN (0.34%). In terms of maximum drawdown, SRLN dropped -22.29% vs BKLN's -24.17%.
On 10-year performance, SRLN leads with 4.51% vs 4.23% for BKLN. On fees, BKLN is cheaper at 0.65% per year. On volatility, BKLN has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SRLN has performed better with a 4.51% return vs 4.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKLN is cheaper with a 0.65% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 6.72%, compared with 6.53% for BKLN.
They also come from different issuers: State Street and Invesco. Their fees differ too: 0.70% for SRLN and 0.65% for BKLN.
SRLN currently has the higher Sharpe Ratio (1.49 vs 1.41), 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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