BKLN vs. LKOR
BKLN (Invesco Senior Loan ETF) and LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) are both exchange-traded funds - BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index, while LKOR is a Corporate Bonds fund tracking the Northern Trust US Long Corporate Bond Quality Value Index. Both are passively managed. Over the past 10 years, BKLN returned 4.21%/yr vs 1.83%/yr for LKOR. Their 0.16 correlation means their historical movements had little consistent relationship. BKLN charges 0.65%/yr vs 0.22%/yr for LKOR.
Performance
BKLN vs. LKOR - Performance Comparison
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Returns By Period
In the year-to-date period, BKLN achieves a 0.85% return, which is significantly higher than LKOR's -2.13% return. Over the past 10 years, BKLN has outperformed LKOR with an annualized return of 4.21%, while LKOR has yielded a comparatively lower 1.83% annualized return.
BKLN
- 1D
- 0.20%
- 1M
- 0.93%
- 6M
- 1.44%
- YTD
- 0.85%
- 1Y
- 4.29%
- 3Y*
- 6.97%
- 5Y*
- 5.41%
- 10Y*
- 4.21%
- ALL TIME*
- 3.74%
LKOR
- 1D
- 0.64%
- 1M
- -3.24%
- 6M
- -2.45%
- YTD
- -2.13%
- 1Y
- 0.24%
- 3Y*
- 4.05%
- 5Y*
- -3.34%
- 10Y*
- 1.83%
- ALL TIME*
- 2.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.78M | $121.39M | $171.07M | |
| $51.48K | $56.26K | $120.86K |
BKLN vs. LKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 0.85% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | -2.13% | 7.04% | -1.02% | 11.64% | -25.55% | -1.51% | 16.00% | 23.97% | -7.61% | 13.87% |
Correlation
The correlation between BKLN and LKOR is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.16 |
The correlation between BKLN and LKOR shifts across timeframes, from 0.16 (all time) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BKLN vs. LKOR — Risk / Return Rank
BKLN
LKOR
BKLN vs. LKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR). 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 | LKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.01 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 0.04 | +1.36 |
| Martin ratioReturn relative to average drawdown | 5.42 | 0.09 | +5.32 |
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Drawdowns
BKLN vs. LKOR - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, smaller than the maximum LKOR drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for BKLN and LKOR.
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Drawdown Indicators
| BKLN | LKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -34.78% | +10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -5.63% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -10.02% | +6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -34.78% | +27.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | -34.78% | +10.61% |
Current DrawdownCurrent decline from peak | 0.00% | -16.09% | +16.09% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -10.42% | +9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.56% | -1.77% |
Volatility
BKLN vs. LKOR - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.37%, while FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has a volatility of 2.18%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than LKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | LKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 2.18% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 6.04% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.78% | 7.74% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 12.88% | -8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 13.21% | -6.79% |
BKLN vs. LKOR - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than LKOR's 0.22% expense ratio.
Dividends
BKLN vs. LKOR - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.51%, more than LKOR's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.51% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 5.90% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
Frequently Asked Questions
BKLN and LKOR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LKOR has higher volatility (2.18%) compared to BKLN (0.37%). In terms of maximum drawdown, BKLN dropped -24.17% vs LKOR's -34.78%.
On 10-year performance, BKLN leads with 4.21% vs 1.83% for LKOR. On fees, LKOR is cheaper at 0.22% per year. On volatility, BKLN has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BKLN has performed better with a 4.21% return vs 1.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LKOR is cheaper with a 0.22% expense ratio, compared with 0.65% for BKLN.
BKLN has the higher dividend yield at 6.51%, compared with 5.90% for LKOR.
BKLN is categorized as Bank Loan, while LKOR is Corporate Bonds. BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index, while LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index. They also come from different issuers: Invesco and Northern Trust. Their fees differ too: 0.65% for BKLN and 0.22% for LKOR.
BKLN currently has the higher Sharpe Ratio (1.55 vs 0.03), 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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