USLN vs. LONZ
USLN (iShares Broad USD Floating Rate Loan ETF) and LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) are both Bank Loan funds. USLN is passively managed, while LONZ is actively managed. At a 0.33 correlation, their price movements are largely independent. USLN charges 0.43%/yr vs 0.62%/yr for LONZ.
Performance
USLN vs. LONZ - Performance Comparison
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Returns By Period
USLN
- 1D
- -0.05%
- 1M
- -0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LONZ
- 1D
- 0.10%
- 1M
- 0.32%
- YTD
- 1.85%
- 6M
- 1.08%
- 1Y
- 5.19%
- 3Y*
- 7.87%
- 5Y*
- —
- 10Y*
- —
USLN vs. LONZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
USLN iShares Broad USD Floating Rate Loan ETF | 1.70% |
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 3.02% |
Correlation
The correlation between USLN and LONZ is 0.33, 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 | 0.33 |
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Return for Risk
USLN vs. LONZ — Risk / Return Rank
USLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LONZ
USLN vs. LONZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Floating Rate Loan ETF (USLN) and PIMCO Senior Loan Active Exchange-Traded Fund (LONZ). 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.
| USLN | LONZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.53 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.56 | — |
| Martin ratioReturn relative to average drawdown | — | 10.60 | — |
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Drawdowns
USLN vs. LONZ - Drawdown Comparison
The maximum USLN drawdown since its inception was -0.75%, smaller than the maximum LONZ drawdown of -4.19%. Use the drawdown chart below to compare losses from any high point for USLN and LONZ.
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Drawdown Indicators
| USLN | LONZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.75% | -4.19% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.19% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.18% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.47% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.49% | — |
Volatility
USLN vs. LONZ - Volatility Comparison
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Volatility by Period
| USLN | LONZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 2.30% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.43% | 3.20% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.43% | 3.20% | -0.77% |
USLN vs. LONZ - Expense Ratio Comparison
USLN has a 0.43% expense ratio, which is lower than LONZ's 0.62% expense ratio.
Dividends
USLN vs. LONZ - Dividend Comparison
USLN's dividend yield for the trailing twelve months is around 1.55%, less than LONZ's 8.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 8.13% | 6.60% | 8.16% | 8.29% | 3.33% |
USLN iShares Broad USD Floating Rate Loan ETF | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USLN and LONZ have a correlation of 0.33, 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 0.62% for LONZ.
LONZ has the higher dividend yield at 8.13%, compared with 1.55% for USLN.
They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.43% for USLN and 0.62% for LONZ.
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