BKLN vs. IBHG
BKLN (Invesco Senior Loan ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds - BKLN tracks the S&P/LSTA U.S. Leveraged Loan 100 Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, BKLN returned 7.72%/yr vs 7.53%/yr for IBHG. A 0.53 correlation means they provide meaningful diversification when combined. BKLN charges 0.65%/yr vs 0.35%/yr for IBHG.
Performance
BKLN vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, BKLN achieves a 0.16% return, which is significantly lower than IBHG's 1.10% return.
BKLN
- 1D
- -0.05%
- 1M
- -0.14%
- YTD
- 0.16%
- 6M
- 0.89%
- 1Y
- 4.75%
- 3Y*
- 7.72%
- 5Y*
- 5.14%
- 10Y*
- 4.26%
IBHG
- 1D
- 0.14%
- 1M
- 0.32%
- YTD
- 1.10%
- 6M
- 1.57%
- 1Y
- 4.71%
- 3Y*
- 7.53%
- 5Y*
- —
- 10Y*
- —
BKLN vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 0.16% | 6.88% | 8.21% | 12.53% | -2.51% | 1.38% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.10% | 6.90% | 7.42% | 11.27% | -8.88% | 1.07% |
Correlation
The correlation between BKLN and IBHG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.53 |
Over the past year, the correlation between BKLN and IBHG has dropped to 0.31 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
BKLN vs. IBHG — Risk / Return Rank
BKLN
IBHG
BKLN vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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 | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 6.51 | -4.96 |
| Martin ratioReturn relative to average drawdown | 6.11 | 23.87 | -17.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKLN | IBHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.24 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | — | — |
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 | 0.57 | +0.07 |
Drawdowns
BKLN vs. IBHG - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than IBHG's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for BKLN and IBHG.
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Drawdown Indicators
| BKLN | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -13.85% | -10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -0.73% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -3.39% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.09% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -2.67% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.20% | +0.58% |
Volatility
BKLN vs. IBHG - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.42%, while iShares iBonds 2027 Term High Yield and Income ETF (IBHG) has a volatility of 0.59%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.59% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 1.53% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 2.11% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 6.36% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 6.36% | +0.07% |
BKLN vs. IBHG - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
BKLN vs. IBHG - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.62%, more than IBHG's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.62% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKLN and IBHG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBHG has higher volatility (0.59%) compared to BKLN (0.42%). In terms of maximum drawdown, BKLN dropped -24.17% vs IBHG's -13.85%.
On 3-year performance, BKLN leads with 7.72% vs 7.53% for IBHG. On fees, IBHG is cheaper at 0.35% per year. On volatility, BKLN has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKLN has performed better with a 7.72% return vs 7.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHG is cheaper with a 0.35% expense ratio, compared with 0.65% for BKLN.
BKLN has the higher dividend yield at 6.62%, compared with 6.07% for IBHG.
BKLN tracks S&P/LSTA U.S. Leveraged Loan 100 Index, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for BKLN and 0.35% for IBHG.
IBHG currently has the higher Sharpe Ratio (2.24 vs 1.73), 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.
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