SRLN vs. ESHY

Last updated Jun 4, 2026

SRLN (SPDR Blackstone Senior Loan ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - SRLN tracks the Markit iBoxx USD Liquid Leveraged Loan Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. SRLN charges 0.70%/yr vs 0.20%/yr for ESHY.

Performance

SRLN vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Blackstone Senior Loan ETF (SRLN) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SRLN vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
SRLN SPDR Blackstone Senior Loan ETF	1.47%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

SRLN vs. ESHY - Sectors Allocation Comparison

Sectors	SRLN	ESHY
Communication Services	91.8%	-
Industrials	8.2%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SRLN vs. ESHY — Risk / Return Rank

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

SRLN

SRLN Risk / Return Rank: 52
SRLN Sharpe Ratio Rank: 56
SRLN Sortino Ratio Rank: 58
SRLN Omega Ratio Rank: 72
SRLN Calmar Ratio Rank: 34
SRLN Martin Ratio Rank: 39

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. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone Senior Loan ETF (SRLN) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.82	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	1.71	—	—
Martin ratio: Return relative to average drawdown	6.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SRLN	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	—	—

Drawdowns

SRLN vs. ESHY - Drawdown Comparison

The maximum SRLN drawdown since its inception was -22.29%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SRLN and ESHY.

Drawdown Indicators

	SRLN	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-22.29%	0.00%	-22.29%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.26%	—	—
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	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-1.10%	0.00%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	SRLN	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.89%	0.00%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.91%	0.00%	+3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.06%	0.00%	+6.06%

SRLN vs. ESHY - Expense Ratio Comparison

SRLN has a 0.70% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

SRLN vs. ESHY - Dividend Comparison

SRLN's dividend yield for the trailing twelve months is around 7.49%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Which ETF is better, SRLN or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SRLN or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.70% for SRLN.

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

SRLN has the higher dividend yield at 7.49%, compared with 0.00% for ESHY.

What is the main difference between SRLN and ESHY?

SRLN tracks Markit iBoxx USD Liquid Leveraged Loan Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: State Street and Deutsche Bank. Their fees differ too: 0.70% for SRLN and 0.20% for ESHY.