SRLN vs. VOO
Compare and contrast key facts about SPDR Blackstone Senior Loan ETF (SRLN) and Vanguard S&P 500 ETF (VOO).
SRLN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SRLN and VOO 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 VOO.
Performance
SRLN vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, SRLN achieves a 7.42% return, which is significantly lower than VOO's 24.51% return. Over the past 10 years, SRLN has underperformed VOO with an annualized return of 3.85%, while VOO has yielded a comparatively higher 13.12% annualized return.
SRLN
7.42%
0.76%
4.12%
9.73%
4.55%
3.85%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| SRLN | VOO | |
|---|---|---|
| Sharpe Ratio | 5.13 | 2.64 |
| Sortino Ratio | 7.83 | 3.53 |
| Omega Ratio | 2.47 | 1.49 |
| Calmar Ratio | 7.13 | 3.81 |
| Martin Ratio | 58.27 | 17.34 |
| Ulcer Index | 0.17% | 1.86% |
| Daily Std Dev | 1.90% | 12.20% |
| Max Drawdown | -22.29% | -33.99% |
| Current Drawdown | -0.24% | -2.16% |
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SRLN vs. VOO - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between SRLN and VOO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SRLN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone Senior Loan ETF (SRLN) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 8.85%, more than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SRLN vs. VOO - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SRLN and VOO. For additional features, visit the drawdowns tool.
Volatility
SRLN vs. VOO - Volatility Comparison
The current volatility for SPDR Blackstone Senior Loan ETF (SRLN) is 0.58%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.09%. This indicates that SRLN experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.