SRLN vs. VTIP
Compare and contrast key facts about SPDR Blackstone Senior Loan ETF (SRLN) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
SRLN and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both SRLN and VTIP 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 VTIP.
Performance
SRLN vs. VTIP - Performance Comparison
Returns By Period
In the year-to-date period, SRLN achieves a 7.42% return, which is significantly higher than VTIP's 4.42% return. Over the past 10 years, SRLN has outperformed VTIP with an annualized return of 3.85%, while VTIP has yielded a comparatively lower 2.40% annualized return.
SRLN
7.42%
0.76%
4.12%
9.73%
4.55%
3.85%
VTIP
4.42%
-0.27%
2.91%
6.55%
3.51%
2.40%
Key characteristics
| SRLN | VTIP | |
|---|---|---|
| Sharpe Ratio | 5.13 | 3.16 |
| Sortino Ratio | 7.83 | 5.62 |
| Omega Ratio | 2.47 | 1.73 |
| Calmar Ratio | 7.13 | 5.00 |
| Martin Ratio | 58.27 | 24.86 |
| Ulcer Index | 0.17% | 0.27% |
| Daily Std Dev | 1.90% | 2.13% |
| Max Drawdown | -22.29% | -6.27% |
| Current Drawdown | -0.24% | -0.59% |
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SRLN vs. VTIP - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Correlation
The correlation between SRLN and VTIP is 0.11, 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. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone Senior Loan ETF (SRLN) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 8.85%, more than VTIP's 3.39% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
SRLN vs. VTIP - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for SRLN and VTIP. For additional features, visit the drawdowns tool.
Volatility
SRLN vs. VTIP - Volatility Comparison
SPDR Blackstone Senior Loan ETF (SRLN) has a higher volatility of 0.58% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.49%. This indicates that SRLN's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.