SRLN vs. TIP
Compare and contrast key facts about SPDR Blackstone Senior Loan ETF (SRLN) and iShares TIPS Bond ETF (TIP).
SRLN and TIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRLN is a passively managed fund by State Street that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Apr 3, 2013. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both SRLN and TIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SRLN or TIP.
Performance
SRLN vs. TIP - Performance Comparison
Returns By Period
In the year-to-date period, SRLN achieves a 7.42% return, which is significantly higher than TIP's 2.18% return. Over the past 10 years, SRLN has outperformed TIP with an annualized return of 3.85%, while TIP has yielded a comparatively lower 2.04% annualized return.
SRLN
7.42%
0.76%
4.12%
9.73%
4.55%
3.85%
TIP
2.18%
-1.80%
2.31%
5.51%
1.91%
2.04%
Key characteristics
| SRLN | TIP | |
|---|---|---|
| Sharpe Ratio | 5.13 | 1.20 |
| Sortino Ratio | 7.83 | 1.77 |
| Omega Ratio | 2.47 | 1.21 |
| Calmar Ratio | 7.13 | 0.48 |
| Martin Ratio | 58.27 | 5.20 |
| Ulcer Index | 0.17% | 1.13% |
| Daily Std Dev | 1.90% | 4.93% |
| Max Drawdown | -22.29% | -14.56% |
| Current Drawdown | -0.24% | -7.42% |
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SRLN vs. TIP - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than TIP's 0.19% expense ratio.
Correlation
The correlation between SRLN and TIP is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SRLN vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone Senior Loan ETF (SRLN) and iShares TIPS Bond ETF (TIP). 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.
Dividends
SRLN vs. TIP - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 8.85%, more than TIP's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRLN SPDR Blackstone Senior Loan ETF | 8.85% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
TIP iShares TIPS Bond ETF | 2.41% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
SRLN vs. TIP - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for SRLN and TIP. For additional features, visit the drawdowns tool.
Volatility
SRLN vs. TIP - Volatility Comparison
The current volatility for SPDR Blackstone Senior Loan ETF (SRLN) is 0.58%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.30%. This indicates that SRLN experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.