SRLN vs. LFRIX
SRLN (State Street Blackstone Senior Loan ETF) and LFRIX (Lord Abbett Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, SRLN returned 4.52%/yr vs 4.52%/yr for LFRIX. At a 0.37 correlation, their price movements are largely independent. SRLN charges 0.70%/yr vs 0.60%/yr for LFRIX.
Performance
SRLN vs. LFRIX - Performance Comparison
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Returns By Period
In the year-to-date period, SRLN achieves a 0.50% return, which is significantly lower than LFRIX's 1.53% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: SRLN at 4.52% and LFRIX at 4.52%.
SRLN
- 1D
- 0.00%
- 1M
- -0.16%
- YTD
- 0.50%
- 6M
- 0.94%
- 1Y
- 5.31%
- 3Y*
- 7.44%
- 5Y*
- 4.52%
- 10Y*
- 4.52%
LFRIX
- 1D
- 0.00%
- 1M
- 0.17%
- YTD
- 1.53%
- 6M
- 2.10%
- 1Y
- 6.20%
- 3Y*
- 7.67%
- 5Y*
- 5.35%
- 10Y*
- 4.52%
SRLN vs. LFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 0.50% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
LFRIX Lord Abbett Floating Rate Fund | 1.53% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
Correlation
The correlation between SRLN and LFRIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.37 |
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Return for Risk
SRLN vs. LFRIX — Risk / Return Rank
SRLN
LFRIX
SRLN vs. LFRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) and Lord Abbett Floating Rate Fund (LFRIX). 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 | LFRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.97 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.92 | -2.32 |
| Martin ratioReturn relative to average drawdown | 5.93 | 14.80 | -8.87 |
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Drawdowns
SRLN vs. LFRIX - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, smaller than the maximum LFRIX drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for SRLN and LFRIX.
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Drawdown Indicators
| SRLN | LFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -27.90% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -1.55% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -2.59% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -6.23% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -21.75% | -0.54% |
Current DrawdownCurrent decline from peak | -0.30% | -0.37% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -1.94% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.41% | +0.47% |
Volatility
SRLN vs. LFRIX - Volatility Comparison
The current volatility for State Street Blackstone Senior Loan ETF (SRLN) is 0.53%, while Lord Abbett Floating Rate Fund (LFRIX) has a volatility of 0.66%. This indicates that SRLN experiences smaller price fluctuations and is considered to be less risky than LFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRLN | LFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.66% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 1.87% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 2.44% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 2.86% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 3.91% | +2.15% |
SRLN vs. LFRIX - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than LFRIX's 0.60% expense ratio.
Dividends
SRLN vs. LFRIX - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.51%, more than LFRIX's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 6.91% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
SRLN State Street Blackstone Senior Loan ETF | 7.51% | 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 LFRIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LFRIX has higher volatility (0.66%) compared to SRLN (0.53%). In terms of maximum drawdown, SRLN dropped -22.29% vs LFRIX's -27.90%.
LFRIX currently has the higher Sharpe Ratio (2.50 vs 1.80), 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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