BKLN vs. BRLN
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and BlackRock Floating Rate Loan ETF (BRLN).
BKLN and BRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BRLN is an actively managed fund by BlackRock. It was launched on Oct 4, 2022.
Performance
BKLN vs. BRLN - Performance Comparison
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BKLN vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | -1.08% | 6.88% | 8.21% | 12.53% | 1.24% |
BRLN BlackRock Floating Rate Loan ETF | -0.55% | 5.38% | 7.49% | 13.42% | 2.13% |
Returns By Period
In the year-to-date period, BKLN achieves a -1.08% return, which is significantly lower than BRLN's -0.55% return.
BKLN
- 1D
- 0.20%
- 1M
- 1.76%
- YTD
- -1.08%
- 6M
- 0.99%
- 1Y
- 5.72%
- 3Y*
- 7.64%
- 5Y*
- 5.07%
- 10Y*
- 4.40%
BRLN
- 1D
- 0.18%
- 1M
- 0.58%
- YTD
- -0.55%
- 6M
- 0.78%
- 1Y
- 4.50%
- 3Y*
- 7.44%
- 5Y*
- —
- 10Y*
- —
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BKLN vs. BRLN - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than BRLN's 0.55% expense ratio.
Return for Risk
BKLN vs. BRLN — Risk / Return Rank
BKLN
BRLN
BKLN vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and BlackRock Floating Rate Loan ETF (BRLN). 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.
| BKLN | BRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.15 | +0.20 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.68 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.37 | +0.54 |
Martin ratioReturn relative to average drawdown | 7.18 | 6.77 | +0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKLN | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.15 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 2.12 | -1.48 |
Correlation
The correlation between BKLN and BRLN 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.
Dividends
BKLN vs. BRLN - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 7.04%, more than BRLN's 6.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 7.04% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
BRLN BlackRock Floating Rate Loan ETF | 6.60% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BKLN vs. BRLN - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for BKLN and BRLN.
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Drawdown Indicators
| BKLN | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -3.85% | -20.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.89% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -0.86% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -0.32% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.67% | +0.15% |
Volatility
BKLN vs. BRLN - Volatility Comparison
Invesco Senior Loan ETF (BKLN) has a higher volatility of 1.75% compared to BlackRock Floating Rate Loan ETF (BRLN) at 1.30%. This indicates that BKLN's price experiences larger fluctuations and is considered to be riskier than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.30% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 2.25% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 3.94% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 3.78% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 3.78% | +2.66% |