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Relative Intelligence · Investment Grade Bonds

How Entergy Louisiana, LLC COLLATERAL TR MT (ELC) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on ELC alone. It places ELC (Entergy Louisiana, LLC COLLATERAL TR MT) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where ELC stands in the market, and of the alternatives worth a closer look.

Period covered: ELC's full trading record, from August 2016 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against ELC →Chart ELC vs. 20 alternatives →
On this page12 sections

Key findings

How much would $10,000 in ELC have grown?

This chart tracks a hypothetical $10,000 investment in ELC over the past 10 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of ELC over the same span and ELC's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: ELC began trading on August 18, 2016, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or three other sell-offs. It covers the most recent 10 years of ELC's record, starting at the end of September 2016.

Choose a period

From the end of September 2016 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,151 of the 2,697 stocks and funds worth at least $500 million that traded the whole period ended ahead of ELC; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000201620182020202220242026$0$10,000$20,000$30,000$40,000$50,0002016201920222025
  • SPY (S&P 500)$41,286+313% total · +15.2% a year
  • ETR$37,684+277% total · +14.2% a year
  • XLU$22,059+121% total · +8.2% a year
  • PFF$13,144+31.4% total · +2.8% a year
  • IGSB$12,870+28.7% total · +2.6% a year
  • SLQD$12,806+28.1% total · +2.5% a year
  • IGIB$12,733+27.3% total · +2.4% a year
  • SPIB$12,723+27.2% total · +2.4% a year
  • VCIT$12,491+24.9% total · +2.2% a year
  • ELC$12,477+24.8% total · +2.2% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,591 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of ELC; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$15,000$20,000$25,000$30,000202120222023202420252026$5,000$10,000$15,000$20,000$25,000$30,000202120222023202420252026
  • ETR$23,803+138% total · +18.9% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • XLU$14,342+43.4% total · +7.5% a year
  • SLQD$11,240+12.4% total · +2.4% a year
  • VCSH$11,102+11.0% total · +2.1% a year
  • SPIB$10,674+6.7% total · +1.3% a year
  • PFF$10,208+2.1% total · +0.4% a year
  • IGIB$10,205+2.0% total · +0.4% a year
  • USIG$9,866−1.3% total · −0.3% a year
  • ELC$9,760−2.4% total · −0.5% a year
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ELC at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: ELC began trading on August 18, 2016, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or three other sell-offs.

The company

Market value
$46B
Industry
Regulated Electric
Price history from
August 2016

Returns

Past 1 year
−10.3%total return
Past 3 years
+7.6%+2.5% a year
Past 5 years
−5.4%−1.1% a year
Past 10 years
+21.9%+2.0% a year
Best calendar year
+23.6%2017
Worst calendar year
−15.6%2022
Losing years
4 of 9full calendar years

Risk

Volatility
12.1%typical yearly swing, 5 years
Sharpe ratio
-0.03return per unit of risk, 5 years
Worst decline ever
−21.1%Feb 2020 to Mar 2020
From its all-time high
−12.8%below the peak

ELC against the whole market

Where ELC ranks among every stock and fund, and what across the market has done better.

How does ELC rank among all stocks?

This section ranks ELC on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how ELC stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureELCRankStanding
1-year return−10.3%2,353 of 3,287bottom 29%
3-year return+7.6%2,201 of 3,017bottom 28%
5-year return−5.4%1,792 of 2,893bottom 39%
10-year return+21.9%1,724 of 2,202bottom 23%
Volatility, 5 years12.1%10 of 2,893top 1%
Sharpe ratio, 5 years-0.032,412 of 2,893bottom 18%
Worst decline, past 10 years−21.1%1 of 2,187top 1%

What has beaten ELC on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). ELC sits where the dashed lines cross. Anything in the green box above and to the left earned more than ELC with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to ELC; faint dots are 44 more of the 219 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

−2.5%0.0%2.5%5.0%7.5%10.0%12.5%15.0%17.5%20.0%−2.5%0.0%2.5%5.0%7.5%10.0%12.5%15.0%17.5%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than ELCRAVI: +3.8% a year, volatility 1.4%SPSB: +2.8% a year, volatility 2.0%STIP: +2.6% a year, volatility 2.8%BALT: +6.3% a year, volatility 3.3%LDUR: +2.4% a year, volatility 2.1%FJAN: +11.1% a year, volatility 10.5%JEPI: +7.5% a year, volatility 11.0%FLRT: +6.0% a year, volatility 2.3%VNLA: +4.0% a year, volatility 1.1%FLDR: +3.9% a year, volatility 1.2%MUB: +0.3% a year, volatility 4.2%BUFR: +9.9% a year, volatility 10.5%TBUX: +4.1% a year, volatility 1.1%USTB: +3.6% a year, volatility 2.0%MEAR: +2.4% a year, volatility 1.0%IAGG: +1.1% a year, volatility 4.5%FLTR: +4.8% a year, volatility 2.1%FLUD: +3.9% a year, volatility 1.4%ACIO: +9.3% a year, volatility 11.1%UCON: +2.2% a year, volatility 4.0%JPIB: +2.5% a year, volatility 4.2%PAPR: +8.4% a year, volatility 8.2%SIXH: +10.2% a year, volatility 10.2%HEGD: +7.9% a year, volatility 9.5%QAI: +4.1% a year, volatility 6.8%AVSF: +1.9% a year, volatility 2.7%NFLT: +2.7% a year, volatility 4.6%IUSB: 0.0% a year, volatility 5.9%BKLN: +5.4% a year, volatility 4.5%SRLN: +4.7% a year, volatility 3.9%FTLS: +10.2% a year, volatility 10.4%AOR: +6.4% a year, volatility 10.7%XYLD: +7.4% a year, volatility 11.2%FPE: +2.0% a year, volatility 6.7%ACWV: +6.3% a year, volatility 10.3%VWOB: +1.6% a year, volatility 9.2%EMLC: +2.4% a year, volatility 9.1%PREF: +2.5% a year, volatility 4.9%BSCR: +1.7% a year, volatility 4.1%DRSK: +2.0% a year, volatility 7.5%IBD: +1.2% a year, volatility 5.7%MUST: −0.1% a year, volatility 5.7%DUKB: +0.1% a year, volatility 9.4%CMSC: +0.1% a year, volatility 10.4%ELC: −1.1% a year, volatility 12.1%SPY (S&P 500): +12.7% a year, volatility 17.1%VCSH: +2.3% a year, volatility 2.9%USIG: +0.1% a year, volatility 6.8%XLU: +7.8% a year, volatility 17.4%PFF: −0.2% a year, volatility 10.5%BIL: +3.7% a year, volatility 0.3%NEAR: +3.9% a year, volatility 1.4%VTIP: +2.7% a year, volatility 2.9%SCHO: +2.0% a year, volatility 2.0%SHYG: +4.5% a year, volatility 5.8%GOVT: −0.7% a year, volatility 6.0%VRIG: +4.7% a year, volatility 1.3%FLOT: +4.5% a year, volatility 1.8%JAAA: +5.1% a year, volatility 1.7%FLRN: +4.5% a year, volatility 1.7%LMBS: +3.0% a year, volatility 2.6%EP-PC: +5.2% a year, volatility 8.9%CHT: +7.7% a year, volatility 13.3%HYD: −0.7% a year, volatility 6.6%IGSB: +2.4% a year, volatility 3.0%SLQD: +2.5% a year, volatility 2.5%LVHI: +17.0% a year, volatility 11.1%ELCSPY (S&P 500)VCSHUSIGXLUPFFBILNEARVTIPSHYGGOVTVRIGJAAAEP-PCCHTLVHI−5.0%0.0%5.0%10.0%15.0%20.0%−5.0%0.0%5.0%10.0%15.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than ELCRAVI: +3.8% a year, volatility 1.4%SPSB: +2.8% a year, volatility 2.0%STIP: +2.6% a year, volatility 2.8%BALT: +6.3% a year, volatility 3.3%LDUR: +2.4% a year, volatility 2.1%FJAN: +11.1% a year, volatility 10.5%JEPI: +7.5% a year, volatility 11.0%FLRT: +6.0% a year, volatility 2.3%VNLA: +4.0% a year, volatility 1.1%FLDR: +3.9% a year, volatility 1.2%MUB: +0.3% a year, volatility 4.2%BUFR: +9.9% a year, volatility 10.5%TBUX: +4.1% a year, volatility 1.1%USTB: +3.6% a year, volatility 2.0%MEAR: +2.4% a year, volatility 1.0%IAGG: +1.1% a year, volatility 4.5%FLTR: +4.8% a year, volatility 2.1%FLUD: +3.9% a year, volatility 1.4%ACIO: +9.3% a year, volatility 11.1%UCON: +2.2% a year, volatility 4.0%JPIB: +2.5% a year, volatility 4.2%PAPR: +8.4% a year, volatility 8.2%SIXH: +10.2% a year, volatility 10.2%HEGD: +7.9% a year, volatility 9.5%QAI: +4.1% a year, volatility 6.8%AVSF: +1.9% a year, volatility 2.7%NFLT: +2.7% a year, volatility 4.6%IUSB: 0.0% a year, volatility 5.9%BKLN: +5.4% a year, volatility 4.5%SRLN: +4.7% a year, volatility 3.9%FTLS: +10.2% a year, volatility 10.4%AOR: +6.4% a year, volatility 10.7%XYLD: +7.4% a year, volatility 11.2%FPE: +2.0% a year, volatility 6.7%ACWV: +6.3% a year, volatility 10.3%VWOB: +1.6% a year, volatility 9.2%EMLC: +2.4% a year, volatility 9.1%PREF: +2.5% a year, volatility 4.9%BSCR: +1.7% a year, volatility 4.1%DRSK: +2.0% a year, volatility 7.5%IBD: +1.2% a year, volatility 5.7%MUST: −0.1% a year, volatility 5.7%DUKB: +0.1% a year, volatility 9.4%CMSC: +0.1% a year, volatility 10.4%ELC: −1.1% a year, volatility 12.1%SPY (S&P 500): +12.7% a year, volatility 17.1%VCSH: +2.3% a year, volatility 2.9%USIG: +0.1% a year, volatility 6.8%XLU: +7.8% a year, volatility 17.4%PFF: −0.2% a year, volatility 10.5%BIL: +3.7% a year, volatility 0.3%NEAR: +3.9% a year, volatility 1.4%VTIP: +2.7% a year, volatility 2.9%SCHO: +2.0% a year, volatility 2.0%SHYG: +4.5% a year, volatility 5.8%GOVT: −0.7% a year, volatility 6.0%VRIG: +4.7% a year, volatility 1.3%FLOT: +4.5% a year, volatility 1.8%JAAA: +5.1% a year, volatility 1.7%FLRN: +4.5% a year, volatility 1.7%LMBS: +3.0% a year, volatility 2.6%EP-PC: +5.2% a year, volatility 8.9%CHT: +7.7% a year, volatility 13.3%HYD: −0.7% a year, volatility 6.6%IGSB: +2.4% a year, volatility 3.0%SLQD: +2.5% a year, volatility 2.5%LVHI: +17.0% a year, volatility 11.1%ELCSPY (S&P 500)VCSHUSIGXLUBILNEARSCHOSHYGGOVTJAAAEP-PCCHTLVHI
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region
  • 1 with more than 1.6× ELC's volatility is in the table only

Is there a better investment than ELC?

Investments that beat ELC over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat ELC over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks ELC's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than ELC follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than ELC's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× ELC's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than ELC's.

Screen the whole market against ELC for any period in BetterThanSPYOpen these 20 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with ELC?lower diversifies moreExpenseper year
ELCEntergy Louisiana, LLC COLLATERAL TR MT · this page
−1.1%12.1%-0.03−21.1%+21.9%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.420.09%
Popular alternativesbest 5 shownThe investments people most often weigh against ELC. 16 of 20 passed at least one test.
VCSHVanguard Short-Term Corporate Bond ETF · Investment Grade Bonds
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+2.3%2.9%0.80−12.9%+28.6%0.470.03%
USIGiShares Broad USD Investment Grade Corporate Bond ETF · Investment Grade Bonds
Higher return, lower volatilityHigher return in most periods+0.1%6.8%0.04−21.4%+23.5%0.530.04%
ETREntergy Corporation · Electric Utilities
On the frontierHigher return in most periods+19.2%22.4%0.90−42.0%+311%0.14—
XLUState Street Utilities Select Sector SPDR ETF · Utilities Equity
Higher return in most periods+7.8%17.4%0.52−36.0%+138%0.210.08%
PFFiShares Preferred and Income Securities ETF · Preferred Securities
Higher return in most periods−0.2%10.5%0.04−34.1%+29.6%0.680.45%
Same and neighboring categories, and shared themesbest 6 shownEverything else in Investment Grade Bonds and the categories next to it (Treasury Bonds, Core Plus Bonds, Short-Term Bonds, High Yield Bonds), plus ELC's specific themes. 47 of 52 passed at least one test.
BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF · Treasury Bonds
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+3.7%0.3%14.05−0.2%+25.8%0.050.14%
NEARiShares Short Duration Bond Active ETF · Short-Term Bonds
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+3.9%1.4%2.71−9.6%+31.8%0.290.25%
VTIPVanguard Short-Term Inflation-Protected Securities ETF · Treasury Bonds
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+2.7%2.9%0.94−6.3%+32.7%0.280.03%
SCHOSchwab Short-Term U.S. Treasury ETF · Treasury Bonds
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+2.0%2.0%0.96−5.7%+18.9%0.350.03%
SHYGiShares 0-5 Year High Yield Corporate Bond ETF · High Yield Bonds
Higher return, lower volatilityHigher return in most periodsSmaller losses in recent crashes+4.5%5.8%0.79−19.3%+56.4%0.420.30%
GOVTiShares U.S. Treasury Bond ETF · Treasury Bonds
Similar return, lower volatilityHigher return in most periods−0.7%6.0%-0.09−19.1%+7.1%0.500.05%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 578 of 3,562 passed at least one test.
VRIGInvesco Variable Rate Investment Grade ETF · Bonds
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+4.7%1.3%3.51−13.1%+40.5%0.150.30%
FLOTiShares Floating Rate Bond ETF · Floating Rate Bonds
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+4.5%1.8%2.48−13.5%+35.9%0.040.15%
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+5.1%1.7%2.98−2.6%—0.220.20%
FLRNState Street SPDR Bloomberg Investment Grade Floating Rate ETF · Bonds
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+4.5%1.7%2.58−14.7%+35.9%0.090.15%
LMBSFirst Trust Low Duration Opportunities ETF · Mortgage-Backed Securities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+3.0%2.6%1.14−6.5%+25.6%0.490.66%
EP-PCEl Paso Energy Capital Trust I PFD CV TR SECS · Preferred Stocks
Higher return, lower volatilityHigher return in most periods+5.2%8.9%0.61−25.4%+37.8%0.27—
CHTChunghwa Telecom Co., Ltd. · Integrated Telecommunications
Higher return, similar volatilityHigher return in most periods+7.7%13.3%0.63−23.8%+101%0.22—
HYDVanEck High Yield Muni ETF · Municipal Bonds
Similar return, lower volatilityHigher return in most periods−0.7%6.6%-0.07−35.6%+16.7%0.500.32%
What these numbers mean for ELC
Annual return
ELC lost 1.1% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $9,460. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
ELC's volatility over the past 5 years was 12.1%, 70% of the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ELC's return lands within 12.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
ELC's Sharpe ratio over the past 5 years was -0.03, against 0.79 for the S&P 500, so ELC earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
ELC's worst fall from a peak to a low over the past 10 years was 21.1%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 21.1% fall takes a 26.7% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, ELC's monthly returns had a correlation of 0.42 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against ELC instead: the lower it is, the more that option would diversify a ELC holding. Guide: Correlation and diversification →
Show all 219 stocks and funds worth at least $500 million that earned more than ELC with less volatility

Out of 3,633 tested over 5 years. The strongest 56 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with ELCExpense
1
BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF · Treasury Bonds
Same or nearby category+3.7%0.3%14.05−0.2%+25.8%0.050.14%
2
VRIGInvesco Variable Rate Investment Grade ETF · Bonds
Whole market+4.7%1.3%3.51−13.1%+40.5%0.150.30%
3
FLOTiShares Floating Rate Bond ETF · Floating Rate Bonds
Whole market+4.5%1.8%2.48−13.5%+35.9%0.040.15%
4
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
Whole market+5.1%1.7%2.98−2.6%—0.220.20%
5
FLRNState Street SPDR Bloomberg Investment Grade Floating Rate ETF · Bonds
Whole market+4.5%1.7%2.58−14.7%+35.9%0.090.15%
6
NEARiShares Short Duration Bond Active ETF · Short-Term Bonds
Same or nearby category+3.9%1.4%2.71−9.6%+31.8%0.290.25%
7
LMBSFirst Trust Low Duration Opportunities ETF · Mortgage-Backed Securities
Whole market+3.0%2.6%1.14−6.5%+25.6%0.490.66%
8
RAVINorthern Trust Ultra-Short Fixed Income ETF · Bonds
Whole market+3.8%1.4%2.61−3.7%+30.8%0.210.26%
9
VTIPVanguard Short-Term Inflation-Protected Securities ETF · Treasury Bonds
Same or nearby category+2.7%2.9%0.94−6.3%+32.7%0.280.03%
10
SPSBState Street SPDR Portfolio Short Term Corporate Bond ETF · Investment Grade Bonds
Same or nearby category+2.8%2.0%1.38−11.8%+29.2%0.410.04%
11
STIPiShares 0-5 Year TIPS Bond ETF · Treasury Bonds
Same or nearby category+2.6%2.8%0.94−6.5%+32.4%0.280.03%
12
BALTInnovator Defined Wealth Shield ETF · Crypto
Whole market+6.3%3.3%1.85−4.9%—0.360.69%
13
LDURPIMCO Enhanced Low Duration Active Exchange-Traded Fund · Bonds
Whole market+2.4%2.1%1.13−8.7%+26.7%0.320.54%
14
FJANFT Vest U.S. Equity Buffer ETF - January · Multi-Asset
Whole market+11.1%10.5%1.05−13.6%—0.440.85%
15
JEPIJPMorgan Equity Premium Income ETF · Equity Income
Whole market+7.5%11.0%0.71−13.7%—0.310.35%
16
FLRTPacer Aristotle Pacific Floating Rate High Income ETF · Financials
Whole market+6.0%2.3%2.55−21.0%+58.0%0.250.60%
17
VNLAJanus Henderson Short Duration Income ETF · Bonds
Whole market+4.0%1.1%3.77−4.5%—0.300.25%
18
FLDRFidelity Low Duration Bond Factor ETF · Bonds
Whole market+3.9%1.2%3.09−12.2%—0.420.15%
19
MUBiShares National Muni Bond ETF · Municipal Bonds
Whole market+0.3%4.2%0.09−13.7%+17.8%0.500.05%
20
BUFRFT Vest Laddered Buffer ETF · Buffered Equity
Whole market+9.9%10.5%0.96−13.7%—0.410.10%
21
TBUXT. Rowe Price Ultra Short-Term Bond ETF · Bonds
Whole market+4.1%1.1%3.85−1.8%—0.320.17%
22
USTBVictoryShares Short-Term Bond ETF · Bonds
Whole market+3.6%2.0%1.73−5.3%—0.440.34%
23
MEARiShares Short Maturity Municipal Bond Active ETF · Bonds
Whole market+2.4%1.0%2.37−2.7%+19.3%0.400.26%
24
IAGGiShares Core International Aggregate Bond ETF · International Bonds
Whole market+1.1%4.5%0.27−13.9%+20.8%0.460.07%
25
SCHOSchwab Short-Term U.S. Treasury ETF · Treasury Bonds
Same or nearby category+2.0%2.0%0.96−5.7%+18.9%0.350.03%
26
FLTRVanEck IG Floating Rate ETF · Multi-Asset
Whole market+4.8%2.1%2.20−17.8%+41.8%0.120.14%
27
FLUDFranklin Ultra Short Bond ETF · Bonds
Whole market+3.9%1.4%2.74−1.7%—0.080.15%
28
ACIOAptus Collared Income Opportunity ETF · Dividend & Income
Whole market+9.3%11.1%0.86−14.2%—0.410.79%
29
UCONFirst Trust Smith Unconstrained Bond ETF · Bonds
Whole market+2.2%4.0%0.57−15.3%—0.500.86%
30
JPIBJPMorgan International Bond Opportunities ETF · Bonds
Whole market+2.5%4.2%0.62−13.1%—0.470.50%
31
PAPRInnovator U.S. Equity Power Buffer ETF · Broad Market
Whole market+8.4%8.2%1.03−15.3%—0.400.79%
32
SIXHETC 6 Meridian Hedged Equity Index Option ETF · Broad Market
Whole market+10.2%10.2%1.00−11.7%—0.100.31%
33
HEGDSwan Hedged Equity US Large Cap ETF · Broad Market
Whole market+7.9%9.5%0.85−14.5%—0.400.88%
34
QAINYLI Hedge Multi-Strategy Tracker ETF · Alternatives
Whole market+4.1%6.8%0.64−14.9%+44.1%0.400.75%
35
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.370.40%
36
AVSFAvantis Short-Term Fixed Income ETF · Bonds
Whole market+1.9%2.7%0.71−8.8%—0.440.15%
37
SHYGiShares 0-5 Year High Yield Corporate Bond ETF · High Yield Bonds
Same or nearby category+4.5%5.8%0.79−19.3%+56.4%0.420.30%
38
NFLTVirtus Newfleet Multi-Sector Bond ETF · Bonds
Whole market+2.7%4.6%0.61−15.1%+41.0%0.500.50%
39
EP-PCEl Paso Energy Capital Trust I PFD CV TR SECS · Preferred Stocks
Whole market+5.2%8.9%0.61−25.4%+37.8%0.27—
40
IUSBiShares Core Universal USD Bond ETF · Total Bond Market
Whole market0.0%5.9%0.04−17.9%+16.9%0.530.06%
41
BKLNInvesco Senior Loan ETF · Bank Loans
Whole market+5.4%4.5%1.19−24.1%+50.7%0.210.67%
42
SRLNState Street Blackstone Senior Loan ETF · Bank Loans
Whole market+4.7%3.9%1.18−22.3%+54.2%0.210.70%
43
FTLSFirst Trust Long/Short Equity ETF · Broad Market
Whole market+10.2%10.4%0.99−20.6%+158%0.420.95%
44
AORiShares Core 60/40 Balanced Allocation ETF · Multi-Asset
Whole market+6.4%10.7%0.64−23.0%+118%0.500.20%
45
XYLDGlobal X - S&P 500 Covered Call ETF · International
Whole market+7.4%11.2%0.70−33.4%+128%0.350.60%
46
FPEFirst Trust Preferred Securities and Income ETF · Preferred Securities
Whole market+2.0%6.7%0.34−33.3%+51.3%0.490.83%
47
ACWViShares MSCI Global Min Vol Factor ETF · International
Whole market+6.3%10.3%0.65−28.8%+116%0.350.20%
48
VWOBVanguard Emerging Markets Government Bond ETF · International Bonds
Whole market+1.6%9.2%0.22−26.7%+29.9%0.430.15%
49
EMLCVanEck J.P. Morgan EM Local Currency Bond ETF · International Bonds
Whole market+2.4%9.1%0.30−26.4%+18.2%0.330.30%
50
PREFPrincipal Spectrum Preferred Securities Active ETF · Bonds
Whole market+2.5%4.9%0.52−23.0%—0.480.55%
51
BSCRInvesco BulletShares 2027 Corporate Bond ETF · Investment Grade Bonds
Same or nearby category+1.7%4.1%0.44−17.3%—0.450.10%
52
DRSKAptus Defined Risk ETF · Crypto
Whole market+2.0%7.5%0.30−19.9%—0.470.79%
53
IBDInspire Corporate Bond ETF · Bonds
Whole market+1.2%5.7%0.23−16.3%—0.460.41%
54
MUSTColumbia Multi-Sector Municipal Income ETF · Bonds
Whole market−0.1%5.7%0.01−13.8%—0.450.23%
55
DUKBDuke Energy Corporation 5.625% · Junior Subordinated Debt
Whole market+0.1%9.4%0.06−18.8%—0.75—
56
CMSCCMS Energy Corporation 5.875% J · Corporate Bonds
Whole market+0.1%10.4%0.06−32.3%—0.68—

ELC against its popular alternatives

The investments people most often weigh against ELC, compared period by period and year by year.

How do ELC's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at ELC, which divides the map into what did better or worse on each measure.

Green points earned more than ELC with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

0.0%2.5%5.0%7.5%10.0%12.5%15.0%17.5%20.0%22.5%−5.0%0.0%5.0%10.0%15.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityELC: −1.1% a year, volatility 12.1%SPY (S&P 500): 12.7% a year, volatility 17.1%PFF: −0.2% a year, volatility 10.5%IGSB: 2.4% a year, volatility 3.0%IGIB: 0.8% a year, volatility 6.6%SLQD: 2.5% a year, volatility 2.5%SPIB: 1.6% a year, volatility 4.5%VCIT: 0.6% a year, volatility 6.7%CORP: 0.3% a year, volatility 6.9%SPBO: 0.1% a year, volatility 7.2%USIG: 0.1% a year, volatility 6.8%LQD: −0.9% a year, volatility 8.7%AGG: −0.3% a year, volatility 6.1%IG: −0.6% a year, volatility 7.2%IGEB: 0.5% a year, volatility 6.7%IGLB: −3.0% a year, volatility 12.4%VCLT: −3.2% a year, volatility 12.8%SPLB: −3.3% a year, volatility 12.7%ETR: 19.2% a year, volatility 22.4%XLU: 7.8% a year, volatility 17.4%PFFD: −2.0% a year, volatility 11.1%ELCSPY (S&P 500)PFFIGSBIGIBSLQDSPIBVCITLQDAGGIGIGLBVCLTETRXLUPFFD0.0%5.0%10.0%15.0%20.0%25.0%−5.0%0.0%5.0%10.0%15.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityELC: −1.1% a year, volatility 12.1%SPY (S&P 500): 12.7% a year, volatility 17.1%PFF: −0.2% a year, volatility 10.5%IGSB: 2.4% a year, volatility 3.0%IGIB: 0.8% a year, volatility 6.6%SLQD: 2.5% a year, volatility 2.5%SPIB: 1.6% a year, volatility 4.5%VCIT: 0.6% a year, volatility 6.7%CORP: 0.3% a year, volatility 6.9%SPBO: 0.1% a year, volatility 7.2%USIG: 0.1% a year, volatility 6.8%LQD: −0.9% a year, volatility 8.7%AGG: −0.3% a year, volatility 6.1%IG: −0.6% a year, volatility 7.2%IGEB: 0.5% a year, volatility 6.7%IGLB: −3.0% a year, volatility 12.4%VCLT: −3.2% a year, volatility 12.8%SPLB: −3.3% a year, volatility 12.7%ETR: 19.2% a year, volatility 22.4%XLU: 7.8% a year, volatility 17.4%PFFD: −2.0% a year, volatility 11.1%ELCSPY (S&P 500)PFFIGSBIGIBAGGIGLBVCLTETRXLUPFFD
All figures
InvestmentAnnual returnVolatility
ETR Entergy Corporation+19.2%22.4%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
XLU State Street Utilities Select Sector SPDR ETF+7.8%17.4%
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF+2.5%2.5%
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF+2.4%3.0%
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF+1.6%4.5%
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF+0.8%6.6%
VCIT Vanguard Intermediate-Term Corporate Bond ETF+0.6%6.7%
IGEB iShares Investment Grade Systematic Bond ETF+0.5%6.7%
CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund+0.3%6.9%
SPBO State Street SPDR Portfolio Corporate Bond ETF+0.1%7.2%
USIG iShares Broad USD Investment Grade Corporate Bond ETF+0.1%6.8%
PFF iShares Preferred and Income Securities ETF−0.2%10.5%
AGG iShares Core U.S. Aggregate Bond ETF−0.3%6.1%
IG Principal Investment Grade Corporate Active ETF−0.6%7.2%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF−0.9%8.7%
ELC This pageEntergy Louisiana, LLC COLLATERAL TR MT−1.1%12.1%
PFFD Global X - U.S. Preferred ETF−2.0%11.1%
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF−3.0%12.4%
VCLT Vanguard Long-Term Corporate Bond ETF−3.2%12.8%
SPLB State Street SPDR Portfolio Long Term Corporate Bond ETF−3.3%12.7%
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Has ELC consistently beaten its popular alternatives?

This section compares ELC with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than ELC helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than ELC over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
ELC Entergy Louisiana, LLC COLLATERAL TR MT (this page)—−5.9%−7.7%−9.5%−7.9%−10.3%+7.6%−5.4%+21.9%12.1%-0.03−21.1%—$46B—
ETR QualifiedEntergy Corporation5/5 short3/3 longAll-weather+3.5%−5.5%−6.4%+14.1%+11.4%+149%+141%+311%22.4%0.90−42.0%—$50B—
XLU QualifiedState Street Utilities Select Sector SPDR ETF5/5 short3/3 longAll-weather+3.0%−6.1%−7.2%−1.0%−5.9%+57.9%+45.4%+138%17.4%0.52−36.0%0.08%$24B—
PFF QualifiediShares Preferred and Income Securities ETF5/5 short3/3 longAll-weather−3.9%−3.3%−5.5%−3.9%−3.8%+21.6%−0.9%+29.6%10.5%0.04−34.1%0.45%$12B—
IGSB QualifiediShares 1-5 Year Investment Grade Corporate Bond ETF5/5 short3/3 longAll-weather−0.1%−0.9%−0.8%0.0%+0.7%+17.3%+12.4%+29.4%3.0%0.80−13.4%0.04%$23B—
IGIB QualifiediShares 5-10 Year Investment Grade Corporate Bond ETF5/5 short3/3 longAll-weather−1.0%−2.8%−3.7%−2.8%−2.7%+21.9%+3.9%+28.8%6.6%0.15−20.6%0.04%$19B—
SLQD QualifiediShares 0-5 Year Investment Grade Corporate Bond ETF5/5 short3/3 longAll-weather0.0%−0.6%−0.3%+0.5%+1.3%+16.4%+13.3%+28.6%2.5%1.02−12.7%0.06%$2.4B—
VCSH QualifiedVanguard Short-Term Corporate Bond ETF5/5 short3/3 longAll-weather−0.1%−0.8%−0.8%−0.1%+0.7%+17.0%+12.1%+28.6%2.9%0.80−12.9%0.03%$51B—
SPIB QualifiedState Street SPDR Portfolio Intermediate Term Corporate Bond ETF5/5 short3/3 longAll-weather−0.5%−1.3%−1.7%−0.9%−0.4%+19.4%+8.1%+28.4%4.5%0.37−14.9%0.04%$11B—
VCIT QualifiedVanguard Intermediate-Term Corporate Bond ETF5/5 short3/3 longAll-weather−1.0%−2.7%−3.6%−2.8%−2.6%+21.5%+3.2%+26.4%6.7%0.13−20.6%0.03%$69B—
CORP QualifiedPIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund5/5 short3/3 longAll-weather−1.0%−2.0%−2.9%−1.9%−2.2%+20.0%+1.4%+25.9%6.9%0.07−21.2%0.41%$1.3B—
SPBO QualifiedState Street SPDR Portfolio Corporate Bond ETF5/5 short3/3 longAll-weather−1.0%−1.9%−2.8%−1.7%−2.2%+20.5%+0.4%+25.1%7.2%0.05−22.0%0.03%$2.1B—
USIG QualifiediShares Broad USD Investment Grade Corporate Bond ETF5/5 short3/3 longAll-weather−0.9%−2.2%−3.0%−2.1%−2.5%+19.7%+0.3%+23.5%6.8%0.04−21.4%0.04%$18B—
LQD QualifiediShares iBoxx $ Investment Grade Corporate Bond ETF5/5 short2/3 long−1.4%−2.4%−3.9%−2.9%−3.9%+19.7%−4.3%+20.5%8.7%-0.06−25.0%0.14%$29B—
AGG QualifiediShares Core U.S. Aggregate Bond ETF5/5 short2/3 long−0.6%−1.7%−2.6%−1.7%−1.9%+16.2%−1.5%+13.3%6.1%-0.02−18.4%0.03%$139B—
IG QualifiedPrincipal Investment Grade Corporate Active ETF5/5 short2/3 long−1.2%−1.9%−2.8%−1.8%−2.2%+19.8%−2.9%—7.2%-0.04−23.2%0.19%$204M—
IGEB QualifiediShares Investment Grade Systematic Bond ETF5/5 short2/3 long−0.9%−1.9%−2.7%−1.8%−2.1%+21.3%+2.6%—6.7%0.11−21.1%0.18%$1.4B—
IGLB BondsiShares 10+ Year Investment Grade Corporate Bond ETF5/5 short1/3 long−2.1%−3.1%−5.1%−4.0%−6.3%+21.1%−14.4%+14.1%12.4%-0.19−34.1%0.04%$2.7B—
VCLT BondsVanguard Long-Term Corporate Bond ETF5/5 short1/3 long−2.1%−3.6%−5.7%−4.4%−6.9%+20.0%−15.2%+13.7%12.8%-0.20−34.1%0.03%$8.3B—
SPLB BondsState Street SPDR Portfolio Long Term Corporate Bond ETF5/5 short1/3 long−2.1%−3.2%−5.2%−4.1%−6.6%+20.4%−15.3%+12.9%12.7%-0.20−34.5%0.04%$1.2B—
PFFD BondsGlobal X - U.S. Preferred ETF5/5 short1/3 long−4.5%−5.5%−6.6%−5.8%−5.7%+17.9%−9.4%—11.1%-0.12−30.9%0.23%$2.0B—
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How did ELC do year by year?

This table shows each investment's total return in every full calendar year since 2017, along with where ELC ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with ELC and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: ELC began trading on August 18, 2016, so the table starts with 2017, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or three other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of ELC; gray means the two finished within a fraction of a point. The rank row places ELC among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of ELC202520242023202220212020201920182017
ELC This pageEntergy Louisiana, LLC COLLATERAL TR MT—−0.4%+8.1%+10.8%−15.7%−1.2%+8.7%+17.8%−2.3%+23.6%
Rank among alternativesTop quarter in 3 of 920 of 203 of 204 of 2012 of 2010 of 2013 of 206 of 2012 of 191 of 17
SPY S&P 500State Street SPDR S&P 500 ETF6 of 9+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%
ETR Entergy Corporation6 of 9+25.4%+55.9%−6.1%+3.5%+17.1%−13.7%+44.3%+10.6%+15.9%
XLU State Street Utilities Select Sector SPDR ETF6 of 9+16.0%+23.3%−7.2%+1.4%+17.7%+0.6%+26.0%+3.9%+12.1%
PFF iShares Preferred and Income Securities ETF2 of 9+4.9%+7.2%+9.3%−18.2%+7.2%+7.9%+15.9%−4.7%+8.1%
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF4 of 9+7.0%+5.0%+6.4%−5.7%−0.6%+5.4%+7.1%+1.3%+1.3%
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF4 of 9+9.6%+3.5%+9.2%−14.0%−1.7%+9.7%+14.6%−0.7%+3.5%
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF4 of 9+6.3%+4.9%+6.0%−4.4%−0.6%+4.8%+6.1%+1.1%+2.1%
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF3 of 9+7.9%+4.3%+7.3%−9.6%−1.3%+7.7%+10.3%−0.5%+3.8%
VCIT Vanguard Intermediate-Term Corporate Bond ETF4 of 9+9.3%+3.2%+9.0%−14.0%−1.8%+9.4%+14.1%−1.8%+5.3%
CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund3 of 9+8.0%+2.5%+9.1%−15.0%−1.2%+9.7%+14.8%−3.0%+6.6%
SPBO State Street SPDR Portfolio Corporate Bond ETF3 of 9+7.8%+2.6%+8.8%−15.7%−1.4%+10.3%+14.7%−1.8%+5.4%
USIG iShares Broad USD Investment Grade Corporate Bond ETF2 of 9+7.9%+2.6%+8.7%−15.3%−1.3%+9.4%+14.0%−2.2%+5.7%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF2 of 9+7.9%+0.9%+9.4%−17.9%−1.8%+11.0%+17.4%−3.8%+7.0%
AGG iShares Core U.S. Aggregate Bond ETF3 of 9+7.2%+1.3%+5.7%−13.0%−1.8%+7.5%+8.5%+0.1%+3.6%
IG Principal Investment Grade Corporate Active ETF2 of 7+8.1%+2.0%+7.5%−16.9%−0.9%+10.8%+15.6%——
IGEB iShares Investment Grade Systematic Bond ETF3 of 8+8.2%+3.1%+9.6%−14.8%−1.1%+11.3%+15.4%−2.1%—
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF3 of 9+7.5%−1.5%+11.1%−25.4%−1.7%+13.3%+23.2%−6.9%+12.2%
VCLT Vanguard Long-Term Corporate Bond ETF3 of 9+7.2%−1.9%+11.2%−25.3%−1.7%+13.3%+23.9%−7.0%+11.7%
SPLB State Street SPDR Portfolio Long Term Corporate Bond ETF3 of 9+7.1%−1.8%+11.2%−25.7%−2.0%+13.4%+23.5%−7.3%+12.2%
PFFD Global X - U.S. Preferred ETF2 of 8+3.2%+7.1%+6.8%−20.2%+5.1%+8.9%+17.4%−3.9%—
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Risk and diversification

How ELC has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were ELC's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents ELC's five deepest drawdowns since it began trading in 2016, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: ELC began trading on August 18, 2016, so this list cannot include the dot-com bust, the 2008 financial crisis or three other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means ELC fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringELC fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Covid crash−21.1%−28.8%Feb 2020Mar 20201 monthMay 20202 months
2022 bear market−18.0%−8.3%Aug 2022Dec 20224 monthsMar 202415 months
No named crash−17.5%+5.6%Sep 2016Dec 20163 monthsJul 20177 months
Late-2018 sell-off−13.2%−8.6%Aug 2018Nov 20183 monthsJan 20192 months
No named crash−13.2%+36.7%Oct 2024Oct 20262 yearsNot yet—

How did ELC do in stock market crashes?

This section measures how far ELC, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: ELC began trading on August 18, 2016, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or three other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than ELC.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
ELC This pageEntergy Louisiana, LLC COLLATERAL TR MT—−2.8%−11.3%−21.1%−9.3%−0.9%Not yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF0 of 5−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
ETR Entergy Corporation1 of 5−3.0%−21.9%−41.3%−8.0%−4.1%−13.2%−13.4%−1.1%−49.4%−28.4%
XLU State Street Utilities Select Sector SPDR ETF1 of 5−2.3%−20.7%−35.5%−8.7%−4.7%−10.7%−11.0%−0.5%−46.4%−52.6%
PFF iShares Preferred and Income Securities ETF1 of 5−7.0%−18.1%−33.9%−8.2%−0.7%−6.8%−14.4%0.0%−64.7%—
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF5 of 50.0%−7.8%−13.4%−0.3%−0.1%−0.6%−1.3%−0.7%−11.5%—
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF3 of 50.0%−17.3%−16.2%−1.4%−0.5%−1.4%−1.8%−0.7%−14.5%—
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF5 of 50.0%−6.3%−12.7%−0.3%−0.3%−0.9%————
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF3 of 50.0%−12.4%−14.9%−0.8%−0.6%−1.6%−1.9%−1.8%——
VCIT Vanguard Intermediate-Term Corporate Bond ETF3 of 50.0%−17.4%−16.9%−1.2%−1.0%−2.0%−3.0%0.0%——
CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund3 of 50.0%−18.0%−19.1%−2.2%−1.0%−2.3%−2.4%———
SPBO State Street SPDR Portfolio Corporate Bond ETF3 of 50.0%−18.6%−20.0%−1.9%−0.8%−2.3%−1.8%———
USIG iShares Broad USD Investment Grade Corporate Bond ETF3 of 5−0.1%−18.1%−18.9%−1.9%−1.0%−2.1%−2.4%−0.7%−22.2%—
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF2 of 5−0.1%−21.3%−21.8%−2.6%−1.2%−2.7%−3.2%0.0%−21.5%—
AGG iShares Core U.S. Aggregate Bond ETF3 of 50.0%−14.5%−9.6%−1.1%−0.8%−1.5%−1.3%−0.4%−12.8%—
IG Principal Investment Grade Corporate Active ETF3 of 40.0%−19.9%−18.9%−2.0%——————
IGEB iShares Investment Grade Systematic Bond ETF3 of 50.0%−17.9%−16.5%−1.7%−1.6%—————
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF2 of 5−0.4%−29.0%−27.7%−4.6%−2.5%−3.6%−4.2%−0.9%——
VCLT Vanguard Long-Term Corporate Bond ETF2 of 5−0.4%−28.9%−28.2%−4.5%−2.4%−3.9%−4.9%−1.4%——
SPLB State Street SPDR Portfolio Long Term Corporate Bond ETF2 of 5−0.4%−29.2%−27.9%−4.3%−2.3%−4.0%−5.0%−4.5%——
PFFD Global X - U.S. Preferred ETF1 of 5−7.6%−19.0%−30.7%−7.3%−0.7%—————
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How closely does ELC move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares ELC with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than ELC's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
ELC This pageEntergy Louisiana, LLC COLLATERAL TR MT25%35%0.710.24
ETR Entergy Corporation58%24%2.390.53
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF11%6%1.880.09
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF13%8%1.550.11
XLU State Street Utilities Select Sector SPDR ETF48%42%1.150.48
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF17%18%0.960.18
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF22%29%0.780.27
VCIT Vanguard Intermediate-Term Corporate Bond ETF22%29%0.760.26
CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund22%30%0.740.26
SPBO State Street SPDR Portfolio Corporate Bond ETF22%31%0.720.27
USIG iShares Broad USD Investment Grade Corporate Bond ETF22%31%0.710.27
AGG iShares Core U.S. Aggregate Bond ETF12%17%0.710.14
PFF iShares Preferred and Income Securities ETF39%59%0.660.50
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF25%39%0.640.33
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF33%58%0.560.46
VCLT Vanguard Long-Term Corporate Bond ETF33%59%0.560.46
SPLB State Street SPDR Portfolio Long Term Corporate Bond ETF33%60%0.550.47
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What diversifies ELC?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with ELC's. Because such investments tend not to fall at the same time, pairing ELC with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which ELC lost money. The last two columns show a portfolio that is 80% ELC and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202520222021201880/20 mix volatility80/20 mix annual return
ELC Entergy Louisiana, LLC COLLATERAL TR MT (this page)1.00−5.4%-0.03−0.4%−15.7%−1.2%−2.3%12.9%−0.5%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.37+119%1.48+27.1%+3.8%+17.8%−5.2%11.2%+2.9%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.31+225%1.34+32.8%+6.0%+18.0%−19.8%11.4%+4.7%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.23+101%1.04+9.7%+10.4%+23.1%−8.7%11.4%+2.8%
HDV Dividend & IncomeiShares Core High Dividend ETF0.20+83.3%1.00+11.9%+7.1%+19.6%−3.0%11.3%+2.1%
SMH TechnologyVanEck Semiconductor ETF0.42+323%0.97+49.2%−33.5%+42.1%−9.1%14.7%+7.0%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.45+85.0%0.96+23.1%−5.1%+19.6%−9.5%11.5%+2.4%
GLD CommoditiesSPDR Gold Shares0.15+126%0.96+63.7%−0.8%−4.2%−1.9%11.4%+3.4%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.23+136%0.93+26.6%−10.4%+22.7%−0.9%12.0%+4.0%

Stocks

InvestmentCorrelation5Y returnSharpe202520222021201880/20 mix volatility80/20 mix annual return
ELC Entergy Louisiana, LLC COLLATERAL TR MT (this page)1.00−5.4%-0.03−0.4%−15.7%−1.2%−2.3%12.9%−0.5%
CAH Medical - DistributionCardinal Health, Inc.0.03+479%1.55+76.3%+54.1%−0.4%−24.5%11.8%+7.0%
CLS Hardware, Equipment & PartsCelestica Inc.0.19+3,143%1.47+220%+1.3%+37.9%−16.3%17.0%+18.6%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.19+1,636%1.46+121%+17.0%+89.0%+0.8%14.9%+14.9%
MCK Medical - DistributionMcKesson Corporation-0.04+413%1.44+44.5%+51.8%+44.2%−28.4%11.3%+6.4%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.11+690%1.41+19.2%+86.6%+61.0%−8.2%12.8%+8.8%
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Common questions

What was ELC's worst drawdown?

ELC's deepest decline since it began trading in 2016 was 21.1%, from February to March 2020. It took two months from the low to climb back to its old high. Because ELC launched in August 2016, that record does not include the dot-com bust, the 2008 financial crisis or three other sell-offs.

What were ELC's best and worst years?

Over nine full calendar years, ELC's best year was 2017, when it returned 23.6%. Its worst was 2022, with a return of -15.6%.

Is there a better investment than ELC?

Among ELC's popular alternatives, VCSH and USIG earned more than ELC with less volatility over the past 5 years. VCSH returned 2.3% a year at 2.9% volatility, against a loss of 1.1% a year at 12.1%. Looking beyond its popular alternatives, BIL (treasury bonds) and NEAR (short-term bonds) earned more than ELC with less volatility over the past 5 years. BIL returned 3.7% a year at 0.3% volatility, against a loss of 1.1% a year at 12.1%.

Is ELC more volatile than the S&P 500?

No. ELC's volatility over the past 5 years was 12.1%, 70% of the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ELC's return lands within 12.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is ELC's Sharpe ratio?

ELC's Sharpe ratio over the past 5 years was -0.03, against 0.79 for the S&P 500, so ELC earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is ELC with the S&P 500?

Over the past 5 years, ELC's monthly returns had a correlation of 0.42 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against ELC instead: the lower it is, the more that option would diversify a ELC holding.

What are the best alternatives to ELC?

Of the 20 popular alternatives we compared, 16 outperformed ELC in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: ETR, XLU and PFF.

Did ELC outperform the S&P 500?

ELC finished ahead of the S&P 500 (SPY) in three of nine full calendar years. In 2025, it returned -0.4%, against +17.7% for the index.

How did ELC do in stock market crashes?

ELC fell less than the S&P 500 (SPY) in five of the five major crashes it has traded through, and further in no. The clearest case was the 2022 bear market, when ELC fell 11.2% and the S&P 500 fell 24.5%.

What diversifies ELC?

These had a low correlation with ELC over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.37), DXJ (correlation 0.31) and EMLP (correlation 0.23); among large stocks, CAH (correlation 0.03), CLS (correlation 0.19) and FIX (correlation 0.19). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to ELC

Other stocks and ETFs