BKLN vs. JMSIX

Last updated Jun 13, 2026

BKLN (Invesco Senior Loan ETF) and JMSIX (JPMorgan Income Fund) are both funds - BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 10 years, BKLN returned 4.27%/yr vs 3.97%/yr for JMSIX. At a 0.25 correlation, their price movements are largely independent. BKLN charges 0.65%/yr vs 0.40%/yr for JMSIX.

Performance

BKLN vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Senior Loan ETF (BKLN) and JPMorgan Income Fund (JMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKLN achieves a -0.18% return, which is significantly lower than JMSIX's 1.23% return. Over the past 10 years, BKLN has outperformed JMSIX with an annualized return of 4.27%, while JMSIX has yielded a comparatively lower 3.97% annualized return.

BKLN

• 1D: -0.05%
• 1M: -0.58%
• YTD: -0.18%
• 6M: 0.26%
• 1Y: 4.24%
• 3Y*: 7.23%
• 5Y*: 5.05%
• 10Y*: 4.27%

JMSIX

• 1D: 0.12%
• 1M: 0.39%
• YTD: 1.23%
• 6M: 1.85%
• 1Y: 5.55%
• 3Y*: 7.12%
• 5Y*: 2.76%
• 10Y*: 3.97%

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

BKLN vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKLN Invesco Senior Loan ETF	-0.18%	6.88%	8.21%	12.53%	-2.51%	2.32%	1.32%	10.03%	-1.32%	2.13%
JMSIX JPMorgan Income Fund	1.23%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Correlation

The correlation between BKLN and JMSIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.25

Return for Risk

BKLN vs. JMSIX — Risk / Return Rank

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

BKLN

BKLN Risk / Return Rank: 49
BKLN Sharpe Ratio Rank: 51
BKLN Sortino Ratio Rank: 53
BKLN Omega Ratio Rank: 69
BKLN Calmar Ratio Rank: 32
BKLN Martin Ratio Rank: 39

JMSIX

JMSIX Risk / Return Rank: 89
JMSIX Sharpe Ratio Rank: 82
JMSIX Sortino Ratio Rank: 94
JMSIX Omega Ratio Rank: 90
JMSIX Calmar Ratio Rank: 87
JMSIX Martin Ratio Rank: 90

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. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and JPMorgan Income Fund (JMSIX). 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	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.27	-0.72
Sortino ratio: Return per unit of downside risk	2.27	4.50	-2.23
Omega ratio: Gain probability vs. loss probability	1.35	1.60	-0.24
Calmar ratio: Return relative to maximum drawdown	1.39	3.51	-2.12
Martin ratio: Return relative to average drawdown	5.43	14.54	-9.11

BKLN vs. JMSIX - Sharpe Ratio Comparison

The current BKLN Sharpe Ratio is 1.54, which is lower than the JMSIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of BKLN and JMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKLN vs. JMSIX - Drawdown Comparison

The maximum BKLN drawdown since its inception was -24.17%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for BKLN and JMSIX.

Drawdown Indicators

	BKLN	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-18.40%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-1.62%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-3.55%	-2.31%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-7.31%	-11.39%	+4.08%
Max Drawdown (10Y) Largest decline over 10 years	-24.17%	-18.40%	-5.77%
Current Drawdown Current decline from peak	-0.63%	-0.12%	-0.51%
Average Drawdown Average peak-to-trough decline	-1.09%	-2.56%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.39%	+0.39%

Volatility

BKLN vs. JMSIX - Volatility Comparison

The current volatility for Invesco Senior Loan ETF (BKLN) is 0.51%, while JPMorgan Income Fund (JMSIX) has a volatility of 0.79%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLN	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	0.79%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	2.54%	1.89%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	2.76%	2.52%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	3.73%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.43%	3.87%	+2.56%

BKLN vs. JMSIX - Expense Ratio Comparison

BKLN has a 0.65% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

BKLN vs. JMSIX - Dividend Comparison

BKLN's dividend yield for the trailing twelve months is around 6.64%, more than JMSIX's 6.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKLN Invesco Senior Loan ETF	6.64%	6.95%	8.41%	8.59%	4.93%	3.11%	3.56%	4.86%	4.52%	3.50%	4.54%	4.12%
JMSIX JPMorgan Income Fund	6.03%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%	0.00%

Frequently Asked Questions

Can I hold both BKLN and JMSIX in my portfolio?

BKLN and JMSIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKLN or JMSIX?

JMSIX has higher volatility (0.79%) compared to BKLN (0.51%). In terms of maximum drawdown, BKLN dropped -24.17% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (2.27 vs 1.54), 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.