BKLN vs. FTSL
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and First Trust Senior Loan Fund (FTSL).
BKLN and FTSL 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. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLN or FTSL.
Performance
BKLN vs. FTSL - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with BKLN having a 7.43% return and FTSL slightly lower at 7.26%. Over the past 10 years, BKLN has underperformed FTSL with an annualized return of 3.58%, while FTSL has yielded a comparatively higher 4.09% annualized return.
BKLN
7.43%
0.88%
4.37%
9.75%
4.46%
3.58%
FTSL
7.26%
1.02%
3.98%
9.09%
4.90%
4.09%
Key characteristics
| BKLN | FTSL | |
|---|---|---|
| Sharpe Ratio | 4.20 | 4.71 |
| Sortino Ratio | 6.46 | 7.16 |
| Omega Ratio | 2.15 | 2.25 |
| Calmar Ratio | 5.86 | 8.39 |
| Martin Ratio | 49.50 | 57.54 |
| Ulcer Index | 0.20% | 0.16% |
| Daily Std Dev | 2.32% | 1.93% |
| Max Drawdown | -24.17% | -22.67% |
| Current Drawdown | -0.09% | -0.02% |
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BKLN vs. FTSL - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Correlation
The correlation between BKLN and FTSL is 0.48, 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.
Risk-Adjusted Performance
BKLN vs. FTSL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and First Trust Senior Loan Fund (FTSL). 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. FTSL - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 8.64%, more than FTSL's 7.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 8.64% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
FTSL First Trust Senior Loan Fund | 7.64% | 7.59% | 4.77% | 3.18% | 3.48% | 4.45% | 4.29% | 3.64% | 3.70% | 3.95% | 3.75% | 2.64% |
Drawdowns
BKLN vs. FTSL - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for BKLN and FTSL. For additional features, visit the drawdowns tool.
Volatility
BKLN vs. FTSL - Volatility Comparison
Invesco Senior Loan ETF (BKLN) has a higher volatility of 0.51% compared to First Trust Senior Loan Fund (FTSL) at 0.47%. This indicates that BKLN's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.