Correlation
The correlation between BBBS and BKLN is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BBBS vs. BKLN
Compare and contrast key facts about Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Invesco Senior Loan ETF (BKLN).
BBBS and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBBS is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 1-5 Year Index. It was launched on Jan 23, 2024. BKLN is a passively managed fund by Invesco that tracks the performance of the S&P/LSTA U.S. Leveraged Loan 100 Index. It was launched on Mar 3, 2011. Both BBBS and BKLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBS or BKLN.
Performance
BBBS vs. BKLN - Performance Comparison
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Key characteristics
BBBS:
2.88
BKLN:
1.78
BBBS:
4.40
BKLN:
2.80
BBBS:
1.61
BKLN:
1.56
BBBS:
5.02
BKLN:
2.02
BBBS:
15.43
BKLN:
13.58
BBBS:
0.46%
BKLN:
0.53%
BBBS:
2.48%
BKLN:
4.04%
BBBS:
-1.43%
BKLN:
-24.17%
BBBS:
0.00%
BKLN:
0.00%
Returns By Period
In the year-to-date period, BBBS achieves a 2.67% return, which is significantly higher than BKLN's 2.06% return.
BBBS
2.67%
0.70%
2.56%
6.84%
N/A
N/A
N/A
BKLN
2.06%
1.13%
2.44%
7.00%
7.83%
5.67%
3.76%
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BBBS vs. BKLN - Expense Ratio Comparison
BBBS has a 0.19% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
BBBS vs. BKLN — Risk-Adjusted Performance Rank
BBBS
BKLN
BBBS vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Invesco Senior Loan ETF (BKLN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BBBS vs. BKLN - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 4.44%, less than BKLN's 8.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.44% | 4.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.05% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% |
Drawdowns
BBBS vs. BKLN - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.43%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for BBBS and BKLN.
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Volatility
BBBS vs. BKLN - Volatility Comparison
The current volatility for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) is 0.64%, while Invesco Senior Loan ETF (BKLN) has a volatility of 0.78%. This indicates that BBBS experiences smaller price fluctuations and is considered to be less risky than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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