SRLN vs. USLN
SRLN (State Street Blackstone Senior Loan ETF) and USLN (iShares Broad USD Floating Rate Loan ETF) are both Bank Loan funds. SRLN is actively managed, while USLN is passively managed. At a 0.37 correlation, their price movements are largely independent. SRLN charges 0.70%/yr vs 0.43%/yr for USLN.
Performance
SRLN vs. USLN - Performance Comparison
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Returns By Period
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%
USLN
- 1D
- -0.05%
- 1M
- -0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRLN vs. USLN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SRLN State Street Blackstone Senior Loan ETF | 3.18% |
USLN iShares Broad USD Floating Rate Loan ETF | 1.70% |
Correlation
The correlation between SRLN and USLN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 4, 2026 | 0.37 |
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Return for Risk
SRLN vs. USLN — Risk / Return Rank
SRLN
USLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SRLN vs. USLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) and iShares Broad USD Floating Rate Loan ETF (USLN). 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 | USLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | — | — |
| Martin ratioReturn relative to average drawdown | 5.17 | — | — |
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Drawdowns
SRLN vs. USLN - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, which is greater than USLN's maximum drawdown of -0.75%. Use the drawdown chart below to compare losses from any high point for SRLN and USLN.
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Drawdown Indicators
| SRLN | USLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -0.75% | -21.54% |
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 DrawdownCurrent decline from peak | -0.52% | -0.23% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -0.21% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
SRLN vs. USLN - Volatility Comparison
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Volatility by Period
| SRLN | USLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.92% | 2.43% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 2.43% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 2.43% | +3.63% |
SRLN vs. USLN - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than USLN's 0.43% expense ratio.
Dividends
SRLN vs. USLN - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.52%, more than USLN's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USLN iShares Broad USD Floating Rate Loan ETF | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRLN and USLN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USLN is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USLN is cheaper with a 0.43% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.52%, compared with 1.55% for USLN.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.70% for SRLN and 0.43% for USLN.
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