Skip to content
etf.net

LVLN vs SRLN

State Street SPDR S&P Leveraged Loan ETF

LVLNBNYSE Arca

State Street Blackstone Senior Loan ETF

SRLNCNYSE Arca

Overlap

No data

Expense ratio

LVLN −0.30pt a year

LVLN0.40%SRLN0.70%

Avg volume · 30D

SRLN 443.3×the volume

LVLN4.9KSRLN2.17M

LVLN vs SRLN Performance

Dec 31, 2025 – Oct 30, 2026

+3.0%LVLN+2.4%SRLN

Dec 31, 2025 to Oct 30, 2026. LVLN +3.0%. SRLN +2.4%. Use the arrow keys to read each point.−2%0%4%Dec 2025Jun 2026Oct 2026
Expense ratio
LVLN 0.40%, better
SRLN 0.70%
Fund size
LVLN $52M
SRLN $5.19B
1Y total return
LVLN No data
SRLN +3.8%
Yield (12M)
LVLN No data
SRLN 7.34%
Holdings
LVLN 198
SRLN 654
Avg volume (30D)
LVLN 4.9K sh
SRLN 2.17M sh, better
NAV per share
LVLN $24.56
SRLN $40.18
52W range

ETF.net Grade

LVLN: Cost 93, Risk 63, Mission 55, Tradability 12, Holdings 95, Durability 29. SRLN: Cost 17, Risk 40, Mission 61, Tradability 74, Holdings 59, Durability 89.
Pillar letters and Scores for LVLN, SRLN, with each pillar’s weight
PillarLVLNSRLN
Cost30% weightA93HigherF17
Mission25% weightB55B61Higher
Risk15% weightB63HigherC40
Tradability15% weightF12A74Higher
Holdings10% weightA95HigherB59
Durability5% weightD29A89Higher

Rank among Bank Loan funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. LVLN and SRLN are both graded against the same 11 Bank Loan funds, so their Grades compare head to head.

Bank Loan⁠

Category · 11 funds
See all 11 ›

LVLN ranks 1st and SRLN 8th of 11 funds in the Bank Loan Category.

  1. Rank 1BLVLNState Street SPDR S&P Leveraged Loan ETFScore 63
  2. Rank 2BSEIXVirtus Seix Senior Loan ETFScore 58
  3. Rank 6CFLRTPacer Aristotle Pacific Floating Rate High Income ETFScore 52
  4. Rank 8CSRLNState Street Blackstone Senior Loan ETFScore 47
  5. Rank 9DPFRLPGIM Floating Rate Income ETFScore 32
  6. JHLNNot yet graded
  7. SLNZNot yet graded

Our read on each fund

ETF.net Research

LVLNBState Street SPDR S&P Leveraged Loan ETF

SRLNCState Street Blackstone Senior Loan ETF

In short

LVLN No data

SRLN Most bond funds buy fixed coupons. This one buys senior loans, actively picked with Blackstone's credit team on the nameplate, about 700 of them, with income paid monthly.

Stated mandate

LVLN No data

SRLN The fund is actively managed and seeks current income consistent with preserving capital. It normally invests at least 80% of net assets in Senior Loans.

Why people hold it

LVLN No data

  • SRLN Actively managed rather than index-tracking: the managers choose the loans, keeping at least 80% of net assets in senior loans.
  • At 0.70%, the fee sits just under the median for bank-loan ETFs, which is unusual for a credit fund run by human pickers.
  • One of the larger and more actively traded funds in a bank-loan aisle that holds only a handful of ETFs, and among the stronger implementations in that group.
  • Income arrives monthly, spread across roughly 700 loans instead of a concentrated handful.

Worth knowing

LVLN No data

  • SRLN This is leveraged-loan credit, benchmarked to the Morningstar LSTA U.S. Leveraged Loan Index. Borrowers sit below investment grade, so credit risk does the heavy lifting.
  • Senior loan coupons float, so the income stream moves with short-term rates instead of locking in a fixed payout.
  • Cheaper options share the shelf: FLBL charges 0.45% against 0.70% here.

Full LVLN profile⁠

Full SRLN profile⁠

LVLN vs SRLN Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LVLN vs SRLN Cost

Overpaying SRLN vs LVLN

$5,516

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LVLN 0.40%

    $8,090

  • SRLN 0.70%

    $13,606

$10,000
30 years

Cost over time

  • LVLN 0.40%
  • SRLN 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SRLN $13,606LVLN $8,090

Year by year

YearLVLNSRLNOverpaying
10$723$1,250$527
20$2,793$4,760$1,967
30$8,090$13,606$5,516

Expense ratio

  • 0.40%LVLN, cheaper
  • 0.70%SRLN
  • Middle half of Bank Loan funds
  • Median 0.61%

LVLN cheapest of 11 funds

SRLN 9th cheapest of 11 funds

LVLN vs SRLN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
LVLN No data
SRLN 7.34%
Payout (12M)
LVLN No data
SRLN $2.94
Last payment
LVLN $0.14
SRLN $0.25
Ex-dividend
LVLN Oct 1, 2026
SRLN Oct 1, 2026
Paid on
LVLN Oct 6, 2026
SRLN Oct 6, 2026
Frequency
LVLN Monthly
SRLN Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

LVLNMonthly · 11 paymentsAll LVLN payments⁠
One bar per payment. 11 payments from 2023 to 2026 YTD. Dec 1, 2025 $0.03; Dec 18, 2025 $0.10; Feb 2, 2026 $0.19; Mar 2, 2026 $0.13; Apr 1, 2026 $0.17; May 1, 2026 $0.14; Jun 1, 2026 $0.15; Jul 1, 2026 $0.15; Aug 3, 2026 $0.14; Sep 1, 2026 $0.15; Oct 1, 2026 $0.14. Use the arrow keys to read each point.$0$0.2520232026YTD
SRLNMonthly · 45 paymentsAll SRLN payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.25; Mar 1, 2023 $0.25; Apr 3, 2023 $0.27; May 1, 2023 $0.28; Jun 1, 2023 $0.29; Jul 3, 2023 $0.29; Aug 1, 2023 $0.29; Sep 1, 2023 $0.33; Oct 2, 2023 $0.32; Nov 1, 2023 $0.32; Dec 1, 2023 $0.32; Dec 18, 2023 $0.33; Feb 1, 2024 $0.32; Mar 1, 2024 $0.29; Apr 1, 2024 $0.31; May 1, 2024 $0.31; Jun 3, 2024 $0.31; Jul 1, 2024 $0.30; Aug 1, 2024 $0.30; Sep 3, 2024 $0.31; Oct 1, 2024 $0.30; Nov 1, 2024 $0.30; Dec 2, 2024 $0.26; Dec 19, 2024 $0.27; Feb 3, 2025 $0.28; Mar 3, 2025 $0.26; Apr 1, 2025 $0.27; May 1, 2025 $0.25; Jun 2, 2025 $0.26; Jul 1, 2025 $0.27; Aug 1, 2025 $0.27; Sep 2, 2025 $0.26; Oct 1, 2025 $0.25; Nov 3, 2025 $0.28; Dec 1, 2025 $0.25; Dec 18, 2025 $0.26; Feb 2, 2026 $0.25; Mar 2, 2026 $0.23; Apr 1, 2026 $0.25; May 1, 2026 $0.22; Jun 1, 2026 $0.23; Jul 1, 2026 $0.23; Aug 3, 2026 $0.24; Sep 1, 2026 $0.25; Oct 1, 2026 $0.25. Use the arrow keys to read each point.$0$0.2520232026YTD

LVLN vs SRLN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LVLN No dataSRLN 2.8%
Return per unit of riskSharpe ratio, 3 years
LVLN No dataSRLN 0.86
Worst fallMax drawdown, 5 years
LVLN No dataSRLN −7.9%
Market sensitivityBeta, 5 years
LVLN 0.06SRLN 0.03

LVLN and SRLN in the news

All news⁠

Popular comparisons

  • LVLNBvsSEIXB

    State Street SPDR S&P Leveraged Loan ETF · Virtus Seix Senior Loan ETF

    Expense ratio
    0.40% · 0.57%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SRLNCvsSEIXB

    State Street Blackstone Senior Loan ETF · Virtus Seix Senior Loan ETF

    Expense ratio
    0.70% · 0.57%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LVLNBvsUSLNC

    State Street SPDR S&P Leveraged Loan ETF · iShares Broad USD Floating Rate Loan ETF

    Expense ratio
    0.40% · 0.43%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SRLNCvsUSLNC

    State Street Blackstone Senior Loan ETF · iShares Broad USD Floating Rate Loan ETF

    Expense ratio
    0.70% · 0.43%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LVLNBvsFTSLC

    State Street SPDR S&P Leveraged Loan ETF · First Trust Senior Loan Fund

    Expense ratio
    0.40% · 0.70%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SRLNCvsFTSLC

    State Street Blackstone Senior Loan ETF · First Trust Senior Loan Fund

    Expense ratio
    0.70% · 0.70%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.