BKLN vs. FBND
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and Fidelity Total Bond ETF (FBND).
BKLN and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLN or FBND.
Key characteristics
| BKLN | FBND | |
|---|---|---|
| YTD Return | 1.68% | -2.89% |
| 1Y Return | 9.85% | 0.77% |
| 3Y Return (Ann) | 4.36% | -2.62% |
| 5Y Return (Ann) | 3.59% | 0.94% |
| Sharpe Ratio | 3.93 | 0.09 |
| Daily Std Dev | 2.51% | 6.78% |
| Max Drawdown | -24.17% | -17.25% |
| Current Drawdown | -0.24% | -10.18% |
Correlation
The correlation between BKLN and FBND is 0.11, 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.
Performance
BKLN vs. FBND - Performance Comparison
In the year-to-date period, BKLN achieves a 1.68% return, which is significantly higher than FBND's -2.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKLN vs. FBND - Expense Ratio Comparison
Risk-Adjusted Performance
BKLN vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and Fidelity Total Bond ETF (FBND). 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.
Dividends
BKLN vs. FBND - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 8.77%, more than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 8.77% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
BKLN vs. FBND - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BKLN and FBND. For additional features, visit the drawdowns tool.
Volatility
BKLN vs. FBND - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.73%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.99%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.