IVV vs SRLN
iShares Core S&P 500 ETF vs State Street Blackstone Senior Loan ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SRLN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.70% | |
| AUM | $865.2B | $5.3B | |
| Dividend Yield | 1.09% | 7.50% | |
| Holdings | 508 | 607 | |
| YTD Return | +13.80% | +1.41% | |
| 1Y Return | +23.70% | +4.33% | |
| 3Y Return (annualized) | +21.49% | +7.18% | |
| 5Y Return (annualized) | +13.43% | +4.79% | |
| Volatility (annualized) | 15.1% | 5.2% | |
| Max Drawdown | -56.5% | -28.4% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Apr 3, 2013 |
IVV vs SRLN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street Blackstone Senior Loan ETF (SRLN) is a ETF from State Street Investment Management. Over the past year IVV returned +23.70% while SRLN returned +4.33%. Year to date, IVV is up 13.80% versus a gain of 1.41% for SRLN.
Over three years, IVV compounded at +21.49% per year against +7.18% for SRLN; over five years the annualized figures are +13.43% and +4.79% respectively. Across the full 13-year window we track, IVV has the edge at +7.05% annualized vs +1.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.2% for SRLN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -28.4% for SRLN. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SRLN charges 0.70%. On a $10,000 position that is $3 vs $70 annually, a gap of $67 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.50% for SRLN.
Holdings Overlap
IVV and SRLN share 0 holdings out of 531 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SRLN?
IVV has an expense ratio of 0.03% while SRLN charges 0.70%. IVV is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, IVV or SRLN?
Over the past year IVV returned +23.70% vs +4.33% for SRLN, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.05% vs +1.24% for SRLN. Past performance does not guarantee future results.
Which is riskier, IVV or SRLN?
IVV has been the more volatile fund at 15.1% annualized versus 5.2% for SRLN. Worst drawdown: IVV -56.5% vs SRLN -28.4%.
Should I hold both IVV and SRLN?
IVV and SRLN have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SRLN?
IVV and SRLN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, IVV or SRLN?
IVV yields 1.09% while SRLN yields 7.50%, so SRLN currently pays the higher dividend yield.
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