SRLN vs. BKLN
Compare and contrast key facts about SPDR Blackstone Senior Loan ETF (SRLN) and Invesco Senior Loan ETF (BKLN).
SRLN and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRLN is a passively managed fund by State Street that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Apr 3, 2013. BKLN is a passively managed fund by Invesco that tracks the performance of the S&P/LSTA U.S. Leveraged Loan 100 Index. It was launched on Mar 3, 2011. Both SRLN and BKLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SRLN or BKLN.
Performance
SRLN vs. BKLN - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SRLN having a 7.42% return and BKLN slightly higher at 7.43%. Over the past 10 years, SRLN has outperformed BKLN with an annualized return of 3.85%, while BKLN has yielded a comparatively lower 3.58% annualized return.
SRLN
7.42%
0.76%
4.12%
9.73%
4.55%
3.85%
BKLN
7.43%
0.88%
4.37%
9.75%
4.46%
3.58%
Key characteristics
| SRLN | BKLN | |
|---|---|---|
| Sharpe Ratio | 5.13 | 4.20 |
| Sortino Ratio | 7.83 | 6.46 |
| Omega Ratio | 2.47 | 2.15 |
| Calmar Ratio | 7.13 | 5.86 |
| Martin Ratio | 58.27 | 49.50 |
| Ulcer Index | 0.17% | 0.20% |
| Daily Std Dev | 1.90% | 2.32% |
| Max Drawdown | -22.29% | -24.17% |
| Current Drawdown | -0.24% | -0.09% |
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SRLN vs. BKLN - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Correlation
The correlation between SRLN and BKLN is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SRLN vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR 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.
Dividends
SRLN vs. BKLN - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 8.85%, more than BKLN's 8.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRLN SPDR Blackstone Senior Loan ETF | 8.85% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
BKLN Invesco Senior Loan ETF | 8.64% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
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. For additional features, visit the drawdowns tool.
Volatility
SRLN vs. BKLN - Volatility Comparison
SPDR Blackstone Senior Loan ETF (SRLN) has a higher volatility of 0.58% compared to Invesco Senior Loan ETF (BKLN) at 0.51%. 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.