SRLN vs. CLOI

Last updated Jun 20, 2026

SRLN (State Street Blackstone Senior Loan ETF) and CLOI (VanEck CLO ETF) are both exchange-traded funds - SRLN is a Bank Loan fund actively managed by State Street, while CLOI is a CLO fund actively managed by VanEck. Both are actively managed. Over the past 3 years, SRLN returned 7.50%/yr vs 7.03%/yr for CLOI. At a 0.12 correlation, their price movements are largely independent. SRLN charges 0.70%/yr vs 0.40%/yr for CLOI.

Performance

SRLN vs. CLOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Blackstone Senior Loan ETF (SRLN) and VanEck CLO ETF (CLOI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRLN achieves a 0.75% return, which is significantly lower than CLOI's 2.31% return.

SRLN

• 1D: 0.10%
• 1M: 0.28%
• YTD: 0.75%
• 6M: 1.14%
• 1Y: 5.41%
• 3Y*: 7.50%
• 5Y*: 4.60%
• 10Y*: 4.56%

CLOI

• 1D: 0.08%
• 1M: 0.50%
• YTD: 2.31%
• 6M: 2.60%
• 1Y: 5.62%
• 3Y*: 7.03%
• 5Y*: —
• 10Y*: —

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

SRLN vs. CLOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SRLN State Street Blackstone Senior Loan ETF	0.75%	6.77%	8.43%	11.62%	0.63%
CLOI VanEck CLO ETF	2.31%	5.84%	8.26%	8.95%	2.55%

Correlation

The correlation between SRLN and CLOI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.12

Return for Risk

SRLN vs. CLOI — Risk / Return Rank

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

SRLN

SRLN Risk / Return Rank: 54
SRLN Sharpe Ratio Rank: 59
SRLN Sortino Ratio Rank: 61
SRLN Omega Ratio Rank: 76
SRLN Calmar Ratio Rank: 35
SRLN Martin Ratio Rank: 40

CLOI

CLOI Risk / Return Rank: 98
CLOI Sharpe Ratio Rank: 98
CLOI Sortino Ratio Rank: 98
CLOI Omega Ratio Rank: 98
CLOI Calmar Ratio Rank: 96
CLOI Martin Ratio Rank: 97

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.

SRLN vs. CLOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) and VanEck CLO ETF (CLOI). 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	CLOI	Difference
Sharpe ratio: Return per unit of total volatility	1.87	4.90	-3.03
Sortino ratio: Return per unit of downside risk	2.72	7.80	-5.08
Omega ratio: Gain probability vs. loss probability	1.42	2.24	-0.82
Calmar ratio: Return relative to maximum drawdown	1.67	9.04	-7.38
Martin ratio: Return relative to average drawdown	6.17	42.86	-36.69

SRLN vs. CLOI - Sharpe Ratio Comparison

The current SRLN Sharpe Ratio is 1.87, which is lower than the CLOI Sharpe Ratio of 4.90. The chart below compares the historical Sharpe Ratios of SRLN and CLOI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SRLN vs. CLOI - Drawdown Comparison

The maximum SRLN drawdown since its inception was -22.29%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for SRLN and CLOI.

Drawdown Indicators

	SRLN	CLOI	Difference
Max Drawdown Largest peak-to-trough decline	-22.29%	-3.25%	-19.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	-0.62%	-2.64%
Max Drawdown (3Y) Largest decline over 3 years	-4.26%	-3.25%	-1.01%
Max Drawdown (5Y) Largest decline over 5 years	-7.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.29%	—	—
Current Drawdown Current decline from peak	-0.05%	0.00%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.19%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.13%	+0.75%

Volatility

SRLN vs. CLOI - Volatility Comparison

State Street Blackstone Senior Loan ETF (SRLN) has a higher volatility of 0.58% compared to VanEck CLO ETF (CLOI) at 0.22%. This indicates that SRLN's price experiences larger fluctuations and is considered to be riskier than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRLN	CLOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	0.22%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	0.68%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	2.91%	1.16%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.91%	2.54%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.06%	2.54%	+3.52%

SRLN vs. CLOI - Expense Ratio Comparison

SRLN has a 0.70% expense ratio, which is higher than CLOI's 0.40% expense ratio.

Dividends

SRLN vs. CLOI - Dividend Comparison

SRLN's dividend yield for the trailing twelve months is around 7.49%, more than CLOI's 5.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLOI VanEck CLO ETF	5.33%	5.61%	6.71%	5.61%	2.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SRLN State Street Blackstone Senior Loan ETF	7.49%	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

Can I hold both SRLN and CLOI in my portfolio?

SRLN and CLOI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRLN or CLOI?

SRLN has higher volatility (0.58%) compared to CLOI (0.22%). In terms of maximum drawdown, SRLN dropped -22.29% vs CLOI's -3.25%.

Which ETF is better, SRLN or CLOI?

On 3-year performance, SRLN leads with 7.50% vs 7.03% for CLOI. On fees, CLOI is cheaper at 0.40% per year. On volatility, CLOI has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRLN or CLOI?

Over the 3-year period, SRLN has performed better with a 7.50% return vs 7.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRLN or CLOI?

CLOI is cheaper with a 0.40% expense ratio, compared with 0.70% for SRLN.

Which ETF pays a higher dividend yield, SRLN or CLOI?

SRLN has the higher dividend yield at 7.49%, compared with 5.33% for CLOI.

What is the main difference between SRLN and CLOI?

SRLN is categorized as Bank Loan, while CLOI is CLO. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.70% for SRLN and 0.40% for CLOI.

Which has better risk-adjusted returns?

CLOI currently has the higher Sharpe Ratio (4.90 vs 1.87), 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.