BKLN vs. FLBL
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and Franklin Liberty Senior Loan ETF (FLBL).
BKLN and FLBL 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. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLN or FLBL.
Key characteristics
| BKLN | FLBL | |
|---|---|---|
| YTD Return | 6.67% | 6.70% |
| 1Y Return | 10.18% | 10.26% |
| 3Y Return (Ann) | 5.54% | 6.26% |
| 5Y Return (Ann) | 4.41% | 5.30% |
| Sharpe Ratio | 4.28 | 5.06 |
| Sortino Ratio | 6.64 | 7.98 |
| Omega Ratio | 2.17 | 2.28 |
| Calmar Ratio | 6.12 | 11.71 |
| Martin Ratio | 51.23 | 69.59 |
| Ulcer Index | 0.20% | 0.14% |
| Daily Std Dev | 2.38% | 1.98% |
| Max Drawdown | -24.17% | -19.52% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BKLN and FLBL is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BKLN vs. FLBL - Performance Comparison
The year-to-date returns for both investments are quite close, with BKLN having a 6.67% return and FLBL slightly higher at 6.70%. 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. FLBL - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than FLBL's 0.45% expense ratio.
Risk-Adjusted Performance
BKLN vs. FLBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and Franklin Liberty Senior Loan ETF (FLBL). 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. FLBL - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 9.42%, more than FLBL's 8.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 9.42% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
FLBL Franklin Liberty Senior Loan ETF | 8.14% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BKLN vs. FLBL - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than FLBL's maximum drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for BKLN and FLBL. For additional features, visit the drawdowns tool.
Volatility
BKLN vs. FLBL - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.52%, while Franklin Liberty Senior Loan ETF (FLBL) has a volatility of 0.64%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.