SRLN vs. SPYM
SRLN (State Street Blackstone Senior Loan ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - SRLN is a Bank Loan fund actively managed by State Street, while SPYM is a S&P 500 fund tracking the S&P 500 Index. SRLN is actively managed, while SPYM is passively managed. Over the past 10 years, SRLN returned 4.52%/yr vs 15.60%/yr for SPYM. At a 0.46 correlation, their price movements are largely independent. SRLN charges 0.70%/yr vs 0.02%/yr for SPYM.
Performance
SRLN vs. SPYM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SRLN achieves a 0.28% return, which is significantly lower than SPYM's 8.09% return. Over the past 10 years, SRLN has underperformed SPYM with an annualized return of 4.52%, while SPYM has yielded a comparatively higher 15.60% annualized return.
SRLN
- 1D
- -0.20%
- 1M
- -0.09%
- YTD
- 0.28%
- 6M
- 0.45%
- 1Y
- 4.54%
- 3Y*
- 7.31%
- 5Y*
- 4.43%
- 10Y*
- 4.52%
SPYM
- 1D
- -0.10%
- 1M
- -1.43%
- YTD
- 8.09%
- 6M
- 6.76%
- 1Y
- 22.22%
- 3Y*
- 20.73%
- 5Y*
- 13.03%
- 10Y*
- 15.60%
SRLN vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 0.28% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 8.09% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
Correlation
The correlation between SRLN and SPYM is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.46 |
The correlation between SRLN and SPYM shifts across timeframes, from 0.46 (all time) to 0.64 (5 years), 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. SPYM — Risk / Return Rank
SRLN
SPYM
SRLN vs. SPYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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 | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.51 | -1.11 |
| Martin ratioReturn relative to average drawdown | 5.17 | 11.16 | -5.99 |
Loading charts...
Drawdowns
SRLN vs. SPYM - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for SRLN and SPYM.
Loading charts...
Drawdown Indicators
| SRLN | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -54.46% | +32.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -8.90% | +5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -18.72% | +14.46% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -24.48% | +16.55% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -33.87% | +11.58% |
Current DrawdownCurrent decline from peak | -0.52% | -3.25% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -7.14% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.00% | -1.12% |
Volatility
SRLN vs. SPYM - Volatility Comparison
The current volatility for State Street Blackstone Senior Loan ETF (SRLN) is 0.64%, while State Street SPDR Portfolio S&P 500 ETF (SPYM) has a volatility of 4.81%. This indicates that SRLN experiences smaller price fluctuations and is considered to be less risky than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SRLN | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 4.81% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 9.80% | -7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.92% | 12.43% | -9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 16.90% | -12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 18.03% | -11.97% |
SRLN vs. SPYM - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than SPYM's 0.02% expense ratio.
Dividends
SRLN vs. SPYM - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.52%, more than SPYM's 1.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.30% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
SRLN State Street Blackstone Senior Loan ETF | 7.52% | 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 SPYM have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYM has higher volatility (4.81%) compared to SRLN (0.64%). In terms of maximum drawdown, SRLN dropped -22.29% vs SPYM's -54.46%.
On 10-year performance, SPYM leads with 15.60% vs 4.52% for SRLN. On fees, SPYM is cheaper at 0.02% per year. On volatility, SRLN has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPYM has performed better with a 15.60% return vs 4.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.52%, compared with 1.30% for SPYM.
SRLN is categorized as Bank Loan, while SPYM is S&P 500. Their fees differ too: 0.70% for SRLN and 0.02% for SPYM.
SPYM currently has the higher Sharpe Ratio (1.80 vs 1.57), 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 SPYM
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