SRLN vs. LQD
SRLN (State Street Blackstone Senior Loan ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - SRLN is a Bank Loan fund actively managed by State Street, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. SRLN is actively managed, while LQD is passively managed. Over the past 10 years, SRLN returned 4.52%/yr vs 2.41%/yr for LQD. At a 0.16 correlation, their price movements are largely independent. SRLN charges 0.70%/yr vs 0.15%/yr for LQD.
Performance
SRLN vs. LQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SRLN achieves a 0.63% return, which is significantly higher than LQD's -0.06% return. Over the past 10 years, SRLN has outperformed LQD with an annualized return of 4.52%, while LQD has yielded a comparatively lower 2.41% annualized return.
SRLN
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.63%
- 6M
- 1.06%
- 1Y
- 5.41%
- 3Y*
- 7.64%
- 5Y*
- 4.55%
- 10Y*
- 4.52%
LQD
- 1D
- -0.10%
- 1M
- -0.67%
- YTD
- -0.06%
- 6M
- -0.06%
- 1Y
- 5.73%
- 3Y*
- 4.95%
- 5Y*
- -0.28%
- 10Y*
- 2.41%
SRLN vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 0.63% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -0.06% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
Correlation
The correlation between SRLN and LQD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.16 |
The correlation between SRLN and LQD shifts across timeframes, from 0.16 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SRLN vs. LQD — Risk / Return Rank
SRLN
LQD
SRLN vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.19 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.72 | -0.06 |
| Martin ratioReturn relative to average drawdown | 6.17 | 4.88 | +1.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SRLN | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.08 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | -0.03 | +1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.28 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.54 | +0.16 |
Drawdowns
SRLN vs. LQD - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for SRLN and LQD.
Loading charts...
Drawdown Indicators
| SRLN | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -24.95% | +2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -3.34% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -8.43% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -24.95% | +17.02% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -24.95% | +2.66% |
Current DrawdownCurrent decline from peak | -0.17% | -4.21% | +4.04% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -3.99% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.18% | -0.30% |
Volatility
SRLN vs. LQD - Volatility Comparison
The current volatility for State Street Blackstone Senior Loan ETF (SRLN) is 0.46%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.62%. This indicates that SRLN experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SRLN | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.62% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 3.94% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 5.32% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 8.65% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 8.68% | -2.62% |
SRLN vs. LQD - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
SRLN vs. LQD - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.50%, more than LQD's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.59% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
SRLN State Street Blackstone Senior Loan ETF | 7.50% | 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 LQD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQD has higher volatility (1.62%) compared to SRLN (0.46%). In terms of maximum drawdown, SRLN dropped -22.29% vs LQD's -24.95%.
On 10-year performance, SRLN leads with 4.52% vs 2.41% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, SRLN has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SRLN has performed better with a 4.52% return vs 2.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.50%, compared with 4.59% for LQD.
SRLN is categorized as Bank Loan, while LQD is Corporate Bonds. They also come from different issuers: State Street and iShares. Their fees differ too: 0.70% for SRLN and 0.15% for LQD.
SRLN currently has the higher Sharpe Ratio (1.88 vs 1.08), 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.
Find the right allocation for SRLN and LQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer