VTTVX vs. SRLN
VTTVX (Vanguard Target Retirement 2025 Fund) and SRLN (State Street Blackstone Senior Loan ETF) are both funds - VTTVX is a Diversified Portfolio fund managed by Vanguard, while SRLN is a Bank Loan fund actively managed by State Street. Over the past 10 years, VTTVX returned 7.98%/yr vs 4.52%/yr for SRLN. At a 0.47 correlation, their price movements are largely independent. VTTVX charges 0.08%/yr vs 0.70%/yr for SRLN.
Performance
VTTVX vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, VTTVX achieves a 5.56% return, which is significantly higher than SRLN's 0.50% return. Over the past 10 years, VTTVX has outperformed SRLN with an annualized return of 7.98%, while SRLN has yielded a comparatively lower 4.52% annualized return.
VTTVX
- 1D
- 1.40%
- 1M
- 0.05%
- YTD
- 5.56%
- 6M
- 6.18%
- 1Y
- 15.21%
- 3Y*
- 12.18%
- 5Y*
- 5.66%
- 10Y*
- 7.98%
SRLN
- 1D
- 0.00%
- 1M
- -0.16%
- YTD
- 0.50%
- 6M
- 0.94%
- 1Y
- 5.31%
- 3Y*
- 7.44%
- 5Y*
- 4.52%
- 10Y*
- 4.52%
VTTVX vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTTVX Vanguard Target Retirement 2025 Fund | 5.56% | 14.63% | 9.23% | 14.76% | -15.57% | 9.78% | 13.31% | 19.63% | -5.14% | 13.68% |
SRLN State Street Blackstone Senior Loan ETF | 0.50% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
Correlation
The correlation between VTTVX and SRLN is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.47 |
The correlation between VTTVX and SRLN shifts across timeframes, from 0.47 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VTTVX vs. SRLN — Risk / Return Rank
VTTVX
SRLN
VTTVX vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2025 Fund (VTTVX) and State Street 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.
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.
| VTTVX | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.60 | +1.06 |
| Martin ratioReturn relative to average drawdown | 11.38 | 5.93 | +5.44 |
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Drawdowns
VTTVX vs. SRLN - Drawdown Comparison
The maximum VTTVX drawdown since its inception was -46.03%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for VTTVX and SRLN.
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Drawdown Indicators
| VTTVX | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -22.29% | -23.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -3.26% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.84% | -4.26% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -7.93% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -22.51% | -22.29% | -0.22% |
Current DrawdownCurrent decline from peak | -1.17% | -0.30% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -1.10% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.88% | +0.42% |
Volatility
VTTVX vs. SRLN - Volatility Comparison
Vanguard Target Retirement 2025 Fund (VTTVX) has a higher volatility of 3.03% compared to State Street Blackstone Senior Loan ETF (SRLN) at 0.53%. This indicates that VTTVX'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.
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Volatility by Period
| VTTVX | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 0.53% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.01% | 2.65% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.23% | 2.90% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 3.91% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 6.06% | +3.90% |
VTTVX vs. SRLN - Expense Ratio Comparison
VTTVX has a 0.08% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Dividends
VTTVX vs. SRLN - Dividend Comparison
VTTVX's dividend yield for the trailing twelve months is around 7.00%, less than SRLN's 7.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 7.51% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
VTTVX Vanguard Target Retirement 2025 Fund | 7.00% | 7.38% | 7.63% | 3.96% | 2.96% | 16.28% | 4.35% | 2.57% | 3.14% | 0.47% | 2.68% | 4.98% |
Frequently Asked Questions
VTTVX and SRLN have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTTVX has higher volatility (3.03%) compared to SRLN (0.53%). In terms of maximum drawdown, VTTVX dropped -46.03% vs SRLN's -22.29%.
VTTVX currently has the higher Sharpe Ratio (2.05 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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