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SLNZ vs USLN

TCW Senior Loan ETF

SLNZ—NYSE

iShares Broad USD Floating Rate Loan ETF

USLNCCboe

Overlap

No data

Expense ratio

USLN −0.22pt a year

SLNZ0.65%USLN0.43%

Avg volume · 30D

SLNZ 1.2×the volume

SLNZ4.04KUSLN3.33K

SLNZ vs USLN Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%SLNZ+0.8%USLN

Jul 31, 2026 to Oct 30, 2026. SLNZ +0.5%. USLN +0.8%. Use the arrow keys to read each point.0%0.25%1%1.25%1.5%Jul 2026Sep 2026Oct 2026
Expense ratio
SLNZ 0.65%
USLN 0.43%, better
Fund size
SLNZ $226M
USLN $30M
1Y total return
SLNZ +3.8%
USLN No data
Yield (12M)
SLNZ 7.30%
USLN No data
Holdings
SLNZ 342
USLN 361
Avg volume (30D)
SLNZ 4.04K sh, better
USLN 3.33K sh
NAV per share
SLNZ $45.33
USLN $49.91
52W range

ETF.net Grade

  • —SLNZUnder classification review
USLN: Cost 84, Risk 66, Mission not scored, Tradability 13, Holdings 28, Durability 26.
Pillar letters and Scores for SLNZ, USLN, with each pillar’s weight
PillarSLNZUSLN
Cost30% weightNot scoredA84
Mission25% weightNot scoredNot scored
Risk15% weightNot scoredB66
Tradability15% weightNot scoredF13
Holdings10% weightNot scoredD28
Durability5% weightNot scoredD26

Rank among Bank Loan funds

How we build Categories ›

Bank Loan⁠

Category · 11 funds
See all 11 ›

USLN ranks 3rd 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 3CUSLNiShares Broad USD Floating Rate Loan ETFScore 54
  4. Rank 4CFTSLFirst Trust Senior Loan FundScore 53
  5. SLNZNot yet graded

SLNZ vs USLN Holdings

How SLNZ and USLN differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile90.5%
  • Asset classFixed Income100%

Sector

No Sector split for SLNZ and USLN.

Country, concentration and asset class

Country by domicile

Country weights in SLNZ and USLN, widest gap first
CountryMore in SLNZMore in USLN
United StatesSLNZ +9.5 points
CanadaUSLN +2.9 points
LuxembourgUSLN +1.9 points
United KingdomUSLN +0.8 points
GermanyUSLN +0.8 points
BermudaUSLN +0.7 points
NetherlandsUSLN +0.7 points
Other countries (6)USLN +1.7 points

Concentration

Weight in the 10 largest Holdings

  • SLNZ16.3%
  • USLN21.1%

Securities held

  • SLNZ338
  • USLN359

Asset class

SLNZ
Fixed Income
USLN
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SLNZ holds 338 securities, USLN 359.

All 350 SLNZ holdings⁠All 360 USLN 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.

SLNZ vs USLN Cost

Overpaying SLNZ vs USLN

$4,055

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

  • SLNZ 0.65%

    $12,717

  • USLN 0.43%

    $8,662

$10,000
30 years

Cost over time

  • SLNZ 0.65%
  • USLN 0.43%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SLNZ $12,717USLN $8,662

Year by year

YearSLNZUSLNOverpaying
10$1,163$776$387
20$4,440$2,994$1,446
30$12,717$8,662$4,055

Expense ratio

  • 0.65%SLNZ
  • 0.43%USLN, cheaper
  • Middle half of Bank Loan funds
  • Median 0.61%

USLN 2nd cheapest of 11 funds

SLNZ 8th cheapest of 11 funds

SLNZ vs USLN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SLNZ 7.30%
USLN No data
Payout (12M)
SLNZ $3.31
USLN No data
Last payment
SLNZ $0.23
USLN $0.29
Ex-dividend
SLNZ Oct 1, 2026
USLN Oct 1, 2026
Paid on
SLNZ Oct 5, 2026
USLN Oct 6, 2026
Frequency
SLNZ Monthly
USLN Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

SLNZMonthly · 23 paymentsAll SLNZ payments⁠
One bar per payment. 23 payments from 2024 to 2026 YTD. Dec 2, 2024 $0.35; Dec 18, 2024 $0.31; Feb 3, 2025 $0.25; Mar 3, 2025 $0.28; Apr 1, 2025 $0.30; May 1, 2025 $0.30; Jun 2, 2025 $0.28; Jul 1, 2025 $0.25; Aug 1, 2025 $0.25; Sep 2, 2025 $0.25; Oct 1, 2025 $0.30; Nov 3, 2025 $0.32; Dec 1, 2025 $0.32; Dec 17, 2025 $0.32; Feb 2, 2026 $0.29; Mar 2, 2026 $0.29; Apr 1, 2026 $0.29; May 1, 2026 $0.28; Jun 1, 2026 $0.28; Jul 1, 2026 $0.23; Aug 3, 2026 $0.23; Sep 1, 2026 $0.23; Oct 1, 2026 $0.23. Use the arrow keys to read each point.$0$0.502026YTD
USLNMonthly · 6 paymentsAll USLN payments⁠
One bar per payment. 6 payments from 2024 to 2026 YTD. May 1, 2026 $0.48; Jun 1, 2026 $0.31; Jul 1, 2026 $0.30; Aug 3, 2026 $0.32; Sep 1, 2026 $0.34; Oct 1, 2026 $0.29. Use the arrow keys to read each point.$0$0.502026YTD

SLNZ vs USLN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SLNZ 2.1%since Dec 2024USLN No data
Return per unit of riskSharpe ratio, 3 years
SLNZ 0.26since Dec 2024USLN No data
Worst fallMax drawdown, 5 years
SLNZ −2.5%since Nov 2024USLN No data
Market sensitivityBeta, 5 years
SLNZ 0.02USLN 0.14

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