Spdr Blackstone Senior Etf Profile
| SRLN Etf | USD 41.78 0.06 0.14% |
Performance22 of 100
| Odds Of DistressLess than 9
|
SPDR Blackstone is selling at 41.78 as of the 19th of April 2024; that is 0.14 percent increase since the beginning of the trading day. The etf's open price was 41.72. SPDR Blackstone has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for SPDR Blackstone Senior are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index and the Morningstar LSTA US Leveraged Loan 100 Index by normally investing at least 80 percent of its net assets in Senior Loans. Blackstone Gso is traded on NYSEARCA Exchange in the United States. More on SPDR Blackstone Senior
Moving together with SPDR Etf
| 0.99 | FTSL | First Trust Senior | PairCorr |
| 0.94 | FLBL | Franklin Liberty Senior | PairCorr |
| 0.94 | SEIX | Virtus ETF Trust | PairCorr |
| 0.92 | JBBB | Janus Detroit Street | PairCorr |
| 0.96 | FLRT | Pacer Pacific Asset | PairCorr |
| 0.98 | PFRL | PGIM ETF Trust | PairCorr |
SPDR Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SPDR Blackstone's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR Blackstone or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Corporate ETFs (View all Themes) |
| Business Concentration | Corporate ETFs, Bank Loan, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2013-04-03 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 5.61 Billion |
| Average Trading Valume | 3.17 Million |
| Asset Type | Fixed Income |
| Category | Corporate |
| Focus | Loans |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SSgA Funds Management, Inc. |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Portfolio Manager | Daniel T. McMullen, Gordon McKemie |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 579 |
| Market Maker | Virtu Financial |
| Total Expense | 0.7 |
| Management Fee | 0.7 |
| Country Name | USA |
| Returns Y T D | 1.71 |
| Name | SPDR Blackstone Senior Loan ETF |
| Currency Code | USD |
| Open Figi | BBG004DF1D49 |
| In Threey Volatility | 4.38 |
| 1y Volatility | 2.58 |
| 200 Day M A | 41.7882 |
| 50 Day M A | 41.8738 |
| Code | SRLN |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.16 |
SPDR Blackstone Senior [SRLN] is traded in USA and was established 2013-04-03. The fund is listed under Bank Loan category and is part of SPDR State Street Global Advisors family. The entity is thematically classified as Corporate ETFs. SPDR Blackstone Senior at this time have 6.84 B in assets. , while the total return for the last 3 years was 3.4%.
Check SPDR Blackstone Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR Blackstone Senior Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
SPDR Blackstone Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of SPDR Blackstone jumping above the current price in 90 days from now is about 12.05%. The SPDR Blackstone Senior probability density function shows the probability of SPDR Blackstone etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SPDR Blackstone has a beta of 0.1077. This usually implies as returns on the market go up, SPDR Blackstone average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR Blackstone Senior will be expected to be much smaller as well. Additionally, sPDR Blackstone Senior has an alpha of 0.0097, implying that it can generate a 0.009707 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of SPDR Blackstone to move above the current price in 90 days from now is about 12.05 (This SPDR Blackstone Senior probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .
SPDR Blackstone Top Holders
| LFRAX | Floating Rate Fund | Mutual Fund | Bank Loan |
| BTSAX | Bts Managed Income | Mutual Fund | Nontraditional Bond |
| GSFRX | Goldman Sachs High | Mutual Fund | Bank Loan |
| CFOAX | Calvert Floating Rate Advantage | Mutual Fund | Bank Loan |
| CFORX | Calvert Floating Rate Advantage | Mutual Fund | Bank Loan |
| ASADX | Short Duration Strategic | Mutual Fund | Short-Term Bond |
| AHYVX | High Yield Fund A | Mutual Fund | High Yield Bond |
SPDR Blackstone Senior Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR Blackstone market risk premium is the additional return an investor will receive from holding SPDR Blackstone long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR Blackstone. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SPDR Blackstone's alpha and beta are two of the key measurements used to evaluate SPDR Blackstone's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1135 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | 0.0069 | |||
| Sortino Ratio | (0.40) |
SPDR Blackstone Against Markets
Picking the right benchmark for SPDR Blackstone etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SPDR Blackstone etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SPDR Blackstone is critical whether you are bullish or bearish towards SPDR Blackstone Senior at a given time. Please also check how SPDR Blackstone's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPDR Blackstone without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
How to buy SPDR Etf?
Before investing in SPDR Blackstone, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SPDR Blackstone. To buy SPDR Blackstone etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR Blackstone. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SPDR Blackstone etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SPDR Blackstone Senior etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SPDR Blackstone Senior etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as SPDR Blackstone Senior, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SPDR Etf please use our How to Invest in SPDR Blackstone guide.
Already Invested in SPDR Blackstone Senior?
The danger of trading SPDR Blackstone Senior is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPDR Blackstone is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPDR Blackstone. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR Blackstone Senior is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SPDR Blackstone Senior offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Blackstone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Blackstone Senior Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Blackstone Senior Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Blackstone Senior. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of SPDR Blackstone Senior is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Blackstone's value that differs from its market value or its book value, called intrinsic value, which is SPDR Blackstone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Blackstone's market value can be influenced by many factors that don't directly affect SPDR Blackstone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Blackstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Blackstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Blackstone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.