BKLN vs. IWY
BKLN (Invesco Senior Loan ETF) and IWY (iShares Russell Top 200 Growth ETF) are both exchange-traded funds - BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Both are passively managed. Over the past 10 years, BKLN returned 4.32%/yr vs 19.59%/yr for IWY. At a 0.47 correlation, their price movements are largely independent. BKLN charges 0.65%/yr vs 0.20%/yr for IWY.
Performance
BKLN vs. IWY - Performance Comparison
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Returns By Period
In the year-to-date period, BKLN achieves a -0.04% return, which is significantly lower than IWY's 5.40% return. Over the past 10 years, BKLN has underperformed IWY with an annualized return of 4.32%, while IWY has yielded a comparatively higher 19.59% 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%
IWY
- 1D
- 2.34%
- 1M
- -0.22%
- YTD
- 5.40%
- 6M
- 6.65%
- 1Y
- 24.23%
- 3Y*
- 23.50%
- 5Y*
- 15.67%
- 10Y*
- 19.59%
BKLN vs. IWY - 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% |
IWY iShares Russell Top 200 Growth ETF | 5.40% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 36.20% | -0.72% | 31.69% |
Correlation
The correlation between BKLN and IWY is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011 | 0.47 |
The correlation between BKLN and IWY has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
BKLN vs. IWY — Risk / Return Rank
BKLN
IWY
BKLN vs. IWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and iShares Russell Top 200 Growth ETF (IWY). 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 | IWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.46 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.88 | 4.70 | +1.17 |
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Drawdowns
BKLN vs. IWY - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, smaller than the maximum IWY drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for BKLN and IWY.
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Drawdown Indicators
| BKLN | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -32.68% | +8.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -16.63% | +13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -23.22% | +19.67% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -32.68% | +25.37% |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | -32.68% | +8.51% |
Current DrawdownCurrent decline from peak | -0.48% | -3.47% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -4.75% | +3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 5.17% | -4.39% |
Volatility
BKLN vs. IWY - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.53%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 5.68%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 5.68% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 12.59% | -10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 16.14% | -13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 21.57% | -17.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 21.03% | -14.60% |
BKLN vs. IWY - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than IWY's 0.20% expense ratio.
Dividends
BKLN vs. IWY - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.63%, more than IWY's 0.43% yield.
| 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% |
IWY iShares Russell Top 200 Growth ETF | 0.43% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
BKLN and IWY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWY has higher volatility (5.68%) compared to BKLN (0.53%). In terms of maximum drawdown, BKLN dropped -24.17% vs IWY's -32.68%.
On 10-year performance, IWY leads with 19.59% vs 4.32% for BKLN. On fees, IWY is cheaper at 0.20% 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, IWY has performed better with a 19.59% return vs 4.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWY is cheaper with a 0.20% expense ratio, compared with 0.65% for BKLN.
BKLN has the higher dividend yield at 6.63%, compared with 0.43% for IWY.
BKLN is categorized as Bank Loan, while IWY is Large Cap Growth Equities. BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index, while IWY tracks Russell Top 200 Growth Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for BKLN and 0.20% for IWY.
BKLN currently has the higher Sharpe Ratio (1.68 vs 1.51), 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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