BKLN vs. HYGI

Last updated Jun 9, 2026

BKLN (Invesco Senior Loan ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. BKLN charges 0.65%/yr vs 0.52%/yr for HYGI.

Performance

BKLN vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Senior Loan ETF (BKLN) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKLN

• 1D: 0.00%
• 1M: -0.43%
• YTD: -0.04%
• 6M: 0.55%
• 1Y: 4.39%
• 3Y*: 7.44%
• 5Y*: 5.09%
• 10Y*: 4.25%

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKLN vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKLN Invesco Senior Loan ETF	-0.04%	6.88%	8.21%	12.53%	3.09%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%

Correlation

The correlation between BKLN and HYGI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022	0.53

Over the past year, the correlation between BKLN and HYGI has dropped to 0.12 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

BKLN vs. HYGI - Sectors Allocation Comparison

Sectors	BKLN	HYGI
Technology	5.8%	-
Consumer Cyclical	2.3%	-
Financial Services	2.3%	-
Real Estate	1.5%	0.4%
Industrials	0.8%	-
Communication Services	0.8%	-
Healthcare	0.8%	-
Consumer Defensive	0.7%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	99.6%

Return for Risk

BKLN vs. HYGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKLN

BKLN Risk / Return Rank: 50
BKLN Sharpe Ratio Rank: 52
BKLN Sortino Ratio Rank: 54
BKLN Omega Ratio Rank: 70
BKLN Calmar Ratio Rank: 32
BKLN Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKLN vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.

	BKLN	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	1.44	—	—
Martin ratio: Return relative to average drawdown	5.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BKLN	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Drawdowns

Drawdown Indicators

	BKLN	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.17%	—	—
Current Drawdown Current decline from peak	-0.48%	—	—
Average Drawdown Average peak-to-trough decline	-1.09%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	—	—

Volatility

Volatility by Period

	BKLN	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.75%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.43%	—	—

BKLN vs. HYGI - Expense Ratio Comparison

BKLN has a 0.65% expense ratio, which is higher than HYGI's 0.52% expense ratio.

Dividends

BKLN vs. HYGI - Dividend Comparison

BKLN's dividend yield for the trailing twelve months is around 6.63%, while HYGI 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%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.97%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKLN and HYGI in my portfolio?

BKLN and HYGI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKLN or HYGI?

On fees, HYGI is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKLN or HYGI?

HYGI is cheaper with a 0.52% expense ratio, compared with 0.65% for BKLN.

Which ETF pays a higher dividend yield, BKLN or HYGI?

BKLN has the higher dividend yield at 6.63%, compared with 0.97% for HYGI.

What is the main difference between BKLN and HYGI?

BKLN is categorized as Bank Loan, while HYGI is Inflation-Protected Bonds. BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for BKLN and 0.52% for HYGI.