PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
USHYX vs. SRLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


USHYXSRLN
YTD Return6.51%7.45%
1Y Return13.23%9.94%
3Y Return (Ann)2.58%4.41%
5Y Return (Ann)3.82%4.57%
10Y Return (Ann)3.76%3.88%
Sharpe Ratio4.095.24
Sortino Ratio6.968.01
Omega Ratio2.072.51
Calmar Ratio2.487.30
Martin Ratio31.7160.37
Ulcer Index0.42%0.17%
Daily Std Dev3.24%1.90%
Max Drawdown-33.65%-22.29%
Current Drawdown-0.14%-0.21%

Correlation

-0.50.00.51.00.4

The correlation between USHYX and SRLN is 0.42, 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.

Performance

USHYX vs. SRLN - Performance Comparison

In the year-to-date period, USHYX achieves a 6.51% return, which is significantly lower than SRLN's 7.45% return. Both investments have delivered pretty close results over the past 10 years, with USHYX having a 3.76% annualized return and SRLN not far ahead at 3.88%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.73%
4.30%
USHYX
SRLN

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


USHYX vs. SRLN - Expense Ratio Comparison

USHYX has a 0.76% expense ratio, which is higher than SRLN's 0.70% expense ratio.


USHYX
USAA High Income Fund
Expense ratio chart for USHYX: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%
Expense ratio chart for SRLN: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%

Risk-Adjusted Performance

USHYX vs. SRLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA High Income Fund (USHYX) and SPDR Blackstone Senior Loan ETF (SRLN). 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.


USHYX
Sharpe ratio
The chart of Sharpe ratio for USHYX, currently valued at 4.09, compared to the broader market0.002.004.004.09
Sortino ratio
The chart of Sortino ratio for USHYX, currently valued at 6.96, compared to the broader market0.005.0010.006.96
Omega ratio
The chart of Omega ratio for USHYX, currently valued at 2.07, compared to the broader market1.002.003.004.002.07
Calmar ratio
The chart of Calmar ratio for USHYX, currently valued at 2.48, compared to the broader market0.005.0010.0015.0020.002.48
Martin ratio
The chart of Martin ratio for USHYX, currently valued at 31.71, compared to the broader market0.0020.0040.0060.0080.00100.0031.71
SRLN
Sharpe ratio
The chart of Sharpe ratio for SRLN, currently valued at 5.24, compared to the broader market0.002.004.005.24
Sortino ratio
The chart of Sortino ratio for SRLN, currently valued at 8.01, compared to the broader market0.005.0010.008.01
Omega ratio
The chart of Omega ratio for SRLN, currently valued at 2.51, compared to the broader market1.002.003.004.002.51
Calmar ratio
The chart of Calmar ratio for SRLN, currently valued at 7.30, compared to the broader market0.005.0010.0015.0020.007.30
Martin ratio
The chart of Martin ratio for SRLN, currently valued at 60.37, compared to the broader market0.0020.0040.0060.0080.00100.0060.37

USHYX vs. SRLN - Sharpe Ratio Comparison

The current USHYX Sharpe Ratio is 4.09, which is comparable to the SRLN Sharpe Ratio of 5.24. The chart below compares the historical Sharpe Ratios of USHYX and SRLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.003.004.005.006.007.00JuneJulyAugustSeptemberOctoberNovember
4.09
5.24
USHYX
SRLN

Dividends

USHYX vs. SRLN - Dividend Comparison

USHYX's dividend yield for the trailing twelve months is around 7.76%, less than SRLN's 8.85% yield.


TTM20232022202120202019201820172016201520142013
USHYX
USAA High Income Fund
7.76%7.14%5.88%4.83%5.25%5.79%6.32%5.73%5.94%6.46%5.76%6.05%
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%

Drawdowns

USHYX vs. SRLN - Drawdown Comparison

The maximum USHYX drawdown since its inception was -33.65%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for USHYX and SRLN. For additional features, visit the drawdowns tool.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.14%
-0.21%
USHYX
SRLN

Volatility

USHYX vs. SRLN - Volatility Comparison

USAA High Income Fund (USHYX) has a higher volatility of 0.63% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.59%. This indicates that USHYX's price experiences larger fluctuations and is considered to be riskier than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%1.20%JuneJulyAugustSeptemberOctoberNovember
0.63%
0.59%
USHYX
SRLN