SRLN vs. EFR
SRLN (SPDR Blackstone Senior Loan ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid Leveraged Loan Index, while EFR (Eaton Vance Senior Floating-Rate Trust) is a stock. Over the past 10 years, SRLN returned 4.52%/yr vs 5.62%/yr for EFR. At a 0.29 correlation, their price movements are largely independent.
Performance
SRLN vs. EFR - Performance Comparison
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Returns By Period
In the year-to-date period, SRLN achieves a 0.68% return, which is significantly higher than EFR's -2.45% return. Over the past 10 years, SRLN has underperformed EFR with an annualized return of 4.52%, while EFR has yielded a comparatively higher 5.62% annualized return.
SRLN
- 1D
- -0.12%
- 1M
- 0.26%
- YTD
- 0.68%
- 6M
- 1.43%
- 1Y
- 5.57%
- 3Y*
- 7.88%
- 5Y*
- 4.62%
- 10Y*
- 4.52%
EFR
- 1D
- -0.76%
- 1M
- 0.45%
- YTD
- -2.45%
- 6M
- -1.69%
- 1Y
- -3.85%
- 3Y*
- 7.37%
- 5Y*
- 3.36%
- 10Y*
- 5.62%
SRLN vs. EFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRLN SPDR Blackstone Senior Loan ETF | 0.68% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
EFR Eaton Vance Senior Floating-Rate Trust | -2.45% | -4.85% | 11.32% | 29.25% | -18.73% | 22.88% | 0.83% | 16.43% | -6.96% | 3.37% |
Correlation
The correlation between SRLN and EFR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2013 | 0.29 |
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Return for Risk
SRLN vs. EFR — Risk / Return Rank
SRLN
EFR
SRLN vs. EFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone Senior Loan ETF (SRLN) and Eaton Vance Senior Floating-Rate Trust (EFR). 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.
| SRLN | EFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.92 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.34 | +2.05 |
| Martin ratioReturn relative to average drawdown | 6.35 | -0.72 | +7.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SRLN | EFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | -0.48 | +2.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.26 | +0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.38 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.28 | +0.42 |
Drawdowns
SRLN vs. EFR - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, smaller than the maximum EFR drawdown of -60.55%. Use the drawdown chart below to compare losses from any high point for SRLN and EFR.
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Drawdown Indicators
| SRLN | EFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -60.55% | +38.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -11.49% | +8.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -18.30% | +14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -25.07% | +17.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -42.04% | +19.75% |
Current DrawdownCurrent decline from peak | -0.12% | -11.44% | +11.32% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -9.01% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 5.38% | -4.50% |
Volatility
SRLN vs. EFR - Volatility Comparison
The current volatility for SPDR Blackstone Senior Loan ETF (SRLN) is 0.44%, while Eaton Vance Senior Floating-Rate Trust (EFR) has a volatility of 1.94%. This indicates that SRLN experiences smaller price fluctuations and is considered to be less risky than EFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRLN | EFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.94% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 6.60% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 8.06% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 13.06% | -9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 14.96% | -8.90% |
Dividends
SRLN vs. EFR - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.49%, less than EFR's 9.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFR Eaton Vance Senior Floating-Rate Trust | 9.09% | 9.53% | 9.76% | 10.37% | 10.39% | 5.62% | 6.39% | 7.34% | 7.46% | 5.42% | 5.82% | 6.95% |
SRLN SPDR 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
SRLN and EFR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFR has higher volatility (1.94%) compared to SRLN (0.44%). In terms of maximum drawdown, SRLN dropped -22.29% vs EFR's -60.55%.
SRLN currently has the higher Sharpe Ratio (1.94 vs -0.48), 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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