SRLN vs. DBE
SRLN (State Street Blackstone Senior Loan ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - SRLN is a Bank Loan fund actively managed by State Street, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. SRLN is actively managed, while DBE is passively managed. Over the past 10 years, SRLN returned 4.52%/yr vs 12.24%/yr for DBE. Their 0.17 correlation means their historical movements had little consistent relationship. SRLN charges 0.70%/yr vs 0.78%/yr for DBE.
Performance
SRLN vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, SRLN achieves a 1.61% return, which is significantly lower than DBE's 71.26% return. Over the past 10 years, SRLN has underperformed DBE with an annualized return of 4.52%, while DBE has yielded a comparatively higher 12.24% annualized return.
SRLN
- 1D
- 0.22%
- 1M
- 0.85%
- 6M
- 1.93%
- YTD
- 1.61%
- 1Y
- 4.84%
- 3Y*
- 7.25%
- 5Y*
- 4.84%
- 10Y*
- 4.52%
- ALL TIME*
- 3.81%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $44.81M | $49.21M | $72.42M |
SRLN vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 1.61% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between SRLN and DBE is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.17 |
The correlation between SRLN and DBE shifts across timeframes, from -0.21 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SRLN vs. DBE — Risk / Return Rank
SRLN
DBE
SRLN vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.50 | -1.01 |
| Martin ratioReturn relative to average drawdown | 5.50 | 7.82 | -2.32 |
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Drawdowns
SRLN vs. DBE - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for SRLN and DBE.
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Drawdown Indicators
| SRLN | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -86.69% | +64.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -24.72% | +21.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -24.72% | +20.46% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -38.74% | +30.81% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -60.84% | +38.55% |
Current DrawdownCurrent decline from peak | 0.00% | -34.98% | +34.98% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -57.13% | +56.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 7.90% | -7.02% |
Volatility
SRLN vs. DBE - Volatility Comparison
The current volatility for State Street Blackstone Senior Loan ETF (SRLN) is 0.51%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that SRLN experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRLN | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 15.07% | -14.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 34.26% | -31.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 37.66% | -34.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 30.15% | -26.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 28.60% | -22.54% |
SRLN vs. DBE - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
SRLN vs. DBE - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.34%, more than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
SRLN State Street Blackstone Senior Loan ETF | 7.34% | 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 DBE have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to SRLN (0.51%). In terms of maximum drawdown, SRLN dropped -22.29% vs DBE's -86.69%.
On 10-year performance, DBE leads with 12.24% vs 4.52% for SRLN. On fees, SRLN is cheaper at 0.70% per year. On volatility, SRLN has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 12.24% return vs 4.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRLN is cheaper with a 0.70% expense ratio, compared with 0.78% for DBE.
SRLN has the higher dividend yield at 7.34%, compared with 2.26% for DBE.
SRLN is categorized as Bank Loan, while DBE is Oil & Gas. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.70% for SRLN and 0.78% for DBE.
SRLN currently has the higher Sharpe Ratio (1.66 vs 1.64), 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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