BKLN vs. LVLN
BKLN (Invesco Senior Loan ETF) and LVLN (SPDR S&P Leveraged Loan ETF) are both Bank Loan funds - BKLN tracks the Morningstar LSTA US Leveraged Loan 100 Index while LVLN tracks the S&P USD Select Leveraged Loan Index. Both are passively managed. Their 0.39 correlation means their historical movements had little consistent relationship. BKLN charges 0.65%/yr vs 0.40%/yr for LVLN.
Performance
BKLN vs. LVLN - Performance Comparison
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Returns By Period
In the year-to-date period, BKLN achieves a 0.85% return, which is significantly lower than LVLN's 1.57% 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%
LVLN
- 1D
- -0.02%
- 1M
- 0.28%
- 6M
- 1.93%
- YTD
- 1.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.78M | $121.39M | $171.07M | |
| $48.60K | $55.46K | $264.53K |
BKLN vs. LVLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BKLN Invesco Senior Loan ETF | 0.85% | 1.31% |
LVLN SPDR S&P Leveraged Loan ETF | 1.57% | 1.14% |
Correlation
The correlation between BKLN and LVLN is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.39 |
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Return for Risk
BKLN vs. LVLN — Risk / Return Rank
BKLN
LVLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKLN vs. LVLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and SPDR S&P Leveraged Loan ETF (LVLN). 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 | LVLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | — | — |
| Martin ratioReturn relative to average drawdown | 5.42 | — | — |
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Drawdowns
BKLN vs. LVLN - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than LVLN's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for BKLN and LVLN.
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Drawdown Indicators
| BKLN | LVLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -2.34% | -21.83% |
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 DrawdownCurrent decline from peak | 0.00% | -0.26% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -0.46% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | — | — |
Volatility
BKLN vs. LVLN - Volatility Comparison
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Volatility by Period
| BKLN | LVLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.78% | 2.60% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 2.60% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 2.60% | +3.82% |
BKLN vs. LVLN - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than LVLN's 0.40% expense ratio.
Dividends
BKLN vs. LVLN - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.51%, more than LVLN's 4.31% 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% |
LVLN SPDR S&P Leveraged Loan ETF | 4.31% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKLN and LVLN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVLN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVLN is cheaper with a 0.40% expense ratio, compared with 0.65% for BKLN.
BKLN has the higher dividend yield at 6.51%, compared with 4.31% for LVLN.
BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index, while LVLN tracks S&P USD Select Leveraged Loan Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.65% for BKLN and 0.40% for LVLN.
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