BKLN vs. FXF
BKLN (Invesco Senior Loan ETF) and FXF (Invesco CurrencyShares® Swiss Franc Trust) are both exchange-traded funds - BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index, while FXF is a Currency fund tracking the Swiss Franc. Both are passively managed. Over the past 10 years, BKLN returned 4.32%/yr vs 1.05%/yr for FXF. At a 0.07 correlation, their price movements are largely independent. BKLN charges 0.65%/yr vs 0.40%/yr for FXF.
Performance
BKLN vs. FXF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BKLN achieves a -0.04% return, which is significantly higher than FXF's -0.56% return. Over the past 10 years, BKLN has outperformed FXF with an annualized return of 4.32%, while FXF has yielded a comparatively lower 1.05% annualized return.
BKLN
- 1D
- 0.15%
- 1M
- -0.24%
- YTD
- -0.04%
- 6M
- 0.36%
- 1Y
- 4.59%
- 3Y*
- 7.18%
- 5Y*
- 5.09%
- 10Y*
- 4.32%
FXF
- 1D
- 0.23%
- 1M
- -1.07%
- YTD
- -0.56%
- 6M
- -0.05%
- 1Y
- 1.46%
- 3Y*
- 3.71%
- 5Y*
- 2.14%
- 10Y*
- 1.05%
BKLN vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | -0.04% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -0.56% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
Correlation
The correlation between BKLN and FXF is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011 | 0.07 |
The correlation between BKLN and FXF shifts across timeframes, from 0.07 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BKLN vs. FXF — Risk / Return Rank
BKLN
FXF
BKLN vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and Invesco CurrencyShares® Swiss Franc Trust (FXF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKLN | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.04 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.30 | +1.21 |
| Martin ratioReturn relative to average drawdown | 5.88 | 0.64 | +5.24 |
Loading charts...
Drawdowns
BKLN vs. FXF - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, smaller than the maximum FXF drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for BKLN and FXF.
Loading charts...
Drawdown Indicators
| BKLN | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -35.58% | +11.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.97% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -8.52% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -11.99% | +4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | -15.04% | -9.13% |
Current DrawdownCurrent decline from peak | -0.48% | -18.83% | +18.35% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -20.83% | +19.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.29% | -1.51% |
Volatility
BKLN vs. FXF - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.53%, while Invesco CurrencyShares® Swiss Franc Trust (FXF) has a volatility of 1.84%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BKLN | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.84% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 5.53% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 7.42% | -4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 8.33% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 7.57% | -1.14% |
BKLN vs. FXF - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than FXF's 0.40% expense ratio.
Dividends
BKLN vs. FXF - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.63%, while FXF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.63% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKLN and FXF have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXF has higher volatility (1.84%) compared to BKLN (0.53%). In terms of maximum drawdown, BKLN dropped -24.17% vs FXF's -35.58%.
On 10-year performance, BKLN leads with 4.32% vs 1.05% for FXF. On fees, FXF is cheaper at 0.40% per year. On volatility, BKLN has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BKLN has performed better with a 4.32% return vs 1.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXF is cheaper with a 0.40% expense ratio, compared with 0.65% for BKLN.
BKLN has the higher dividend yield at 6.63%, compared with 0.00% for FXF.
BKLN is categorized as Bank Loan, while FXF is Currency. BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index, while FXF tracks Swiss Franc. Their fees differ too: 0.65% for BKLN and 0.40% for FXF.
BKLN currently has the higher Sharpe Ratio (1.68 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BKLN and FXF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer