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ETFs

SPDR Blackstone Senior Loan ETF

SRLN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 03 2013
Expense Ratio
0.70%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$64,165,775
AUM
$4,628,784,055
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
athenahealth Group Inc. 02/15/2029
1.78%
n/a
Peraton Corp 02/01/2028
1.72%
n/a
Medline Borrower LP aka Medline Industries 10/23/2028
1.64%
n/a
McAfee Corp 03/01/2029
1.55%
n/a
Boost Newco Borrower LLC aka Worldpay 09/30/2030
1.48%
n/a
Cloud Software Group Inc aka Balboa/Citrix 03/30/2029
1.46%
n/a
New Red Finance Inc. aka Burger King 1011778 B.C. ULC/Restaurant Brands 09/30/2030
1.36%
n/a
HUB International Ltd 06/20/2030
1.34%
n/a
United Airlines Inc. aka Continental 04/21/2028
1.27%
n/a
IRB Holding Corp. aka Arby's/Inspire Brands 12/15/2027
1.21%
Invest with SRLN

What is SRLN?

The SPDR Blackstone Senior Loan ETF (the Fund ) seeks to provide current income consistent with the preservation of capital. In pursuing its investment objective, the Fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index (the Primary Index ) and the S&P/LSTA U.S. Leveraged Loan 100 Index (the Secondary Index ) by normally investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. For purposes of this 80% test, Senior Loans are first lien senior secured floating rate bank loans.

ETFs related toSRLN

ETFs correlated to SRLN include BKLN, XAUG, GAUG

SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
HYGH
BlackRock Institutional Trust Company N.A. - iShares Interest Rate Hedged High Yield Bond ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSRLN

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SRLN using Composer

FAQ

SRLN is a US Bonds ETF. The SPDR Blackstone Senior Loan ETF (the Fund ) seeks to provide current income consistent with the preservation of capital. In pursuing its investment objective, the Fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index (the Primary Index ) and the S&P/LSTA U.S. Leveraged Loan 100 Index (the Secondary Index ) by normally investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. For purposes of this 80% test, Senior Loans are first lien senior secured floating rate bank loans.

Yes, SRLN is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SRLN is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SRLN is 0.0089%. This is the percent change in the value of SRLN over the most recent 1-month period. The 3-month return on SRLN is 0.0318%. This is the percent change in the value of SRLN over the most recent 3-month period.

The standard deviation of SRLN for the past year is 0.0486%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SRLN include LQD, HYG, and JNK.

ETFs correlated to SRLN include BKLN, XAUG, and GAUG.

ETFs that are inversely correlated to SRLN include SJB, HIBS, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.