BKLN vs. HYG
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
BKLN and HYG 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. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both BKLN and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLN or HYG.
Key characteristics
| BKLN | HYG | |
|---|---|---|
| YTD Return | 1.86% | 0.29% |
| 1Y Return | 10.15% | 8.15% |
| 3Y Return (Ann) | 4.39% | 0.71% |
| 5Y Return (Ann) | 3.61% | 2.60% |
| 10Y Return (Ann) | 3.15% | 3.16% |
| Sharpe Ratio | 3.82 | 1.38 |
| Daily Std Dev | 2.65% | 6.16% |
| Max Drawdown | -24.17% | -34.24% |
| Current Drawdown | -0.52% | -1.42% |
Correlation
The correlation between BKLN and HYG is 0.54, 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. HYG - Performance Comparison
In the year-to-date period, BKLN achieves a 1.86% return, which is significantly higher than HYG's 0.29% return. Both investments have delivered pretty close results over the past 10 years, with BKLN having a 3.15% annualized return and HYG not far ahead at 3.16%. 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. HYG - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
BKLN vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 9.52%, more than HYG's 5.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 8.83% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
BKLN vs. HYG - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for BKLN and HYG. For additional features, visit the drawdowns tool.
Volatility
BKLN vs. HYG - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 1.13%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.52%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.