BKLN vs. QQQI

Last updated Jun 16, 2026

BKLN (Invesco Senior Loan ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. BKLN is passively managed, while QQQI is actively managed. Over the past year, BKLN returned 4.59% vs 30.39% for QQQI. A 0.51 correlation means they provide meaningful diversification when combined. BKLN charges 0.65%/yr vs 0.68%/yr for QQQI.

Performance

BKLN vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Senior Loan ETF (BKLN) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKLN achieves a -0.04% return, which is significantly lower than QQQI's 13.53% 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%

QQQI

• 1D: 2.67%
• 1M: 3.39%
• YTD: 13.53%
• 6M: 14.57%
• 1Y: 30.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKLN vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BKLN Invesco Senior Loan ETF	-0.04%	6.88%	8.12%
QQQI NEOS Nasdaq-100 High Income ETF	13.53%	18.62%	19.44%

Correlation

The correlation between BKLN and QQQI is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.51

The correlation between BKLN and QQQI has been stable across timeframes, ranging from 0.51 to 0.52 - a consistent structural relationship.

Return for Risk

BKLN vs. QQQI — Risk / Return Rank

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

BKLN

BKLN Risk / Return Rank: 51
BKLN Sharpe Ratio Rank: 54
BKLN Sortino Ratio Rank: 57
BKLN Omega Ratio Rank: 73
BKLN Calmar Ratio Rank: 33
BKLN Martin Ratio Rank: 40

QQQI

QQQI Risk / Return Rank: 74
QQQI Sharpe Ratio Rank: 75
QQQI Sortino Ratio Rank: 69
QQQI Omega Ratio Rank: 76
QQQI Calmar Ratio Rank: 70
QQQI Martin Ratio Rank: 79

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. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and NEOS Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.14	-0.46
Sortino ratio: Return per unit of downside risk	2.46	2.81	-0.34
Omega ratio: Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	1.50	3.18	-1.68
Martin ratio: Return relative to average drawdown	5.88	13.66	-7.79

BKLN vs. QQQI - Sharpe Ratio Comparison

The current BKLN Sharpe Ratio is 1.68, which is comparable to the QQQI Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of BKLN and QQQI, 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. QQQI - Drawdown Comparison

The maximum BKLN drawdown since its inception was -24.17%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for BKLN and QQQI.

Drawdown Indicators

	BKLN	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-20.00%	-4.17%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-9.61%	+6.54%
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 Drawdown Current decline from peak	-0.48%	-0.09%	-0.39%
Average Drawdown Average peak-to-trough decline	-1.09%	-2.21%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	2.23%	-1.45%

Volatility

BKLN vs. QQQI - Volatility Comparison

The current volatility for Invesco Senior Loan ETF (BKLN) is 0.53%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.63%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLN	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	6.63%	-6.10%
Volatility (6M) Calculated over the trailing 6-month period	2.54%	11.63%	-9.09%
Volatility (1Y) Calculated over the trailing 1-year period	2.76%	14.33%	-11.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	17.41%	-12.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.43%	17.41%	-10.98%

BKLN vs. QQQI - Expense Ratio Comparison

BKLN has a 0.65% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

BKLN vs. QQQI - Dividend Comparison

BKLN's dividend yield for the trailing twelve months is around 6.63%, less than QQQI's 13.18% 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%
QQQI NEOS Nasdaq-100 High Income ETF	13.18%	13.82%	12.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKLN and QQQI in my portfolio?

BKLN and QQQI have a correlation of 0.52, 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 QQQI?

QQQI has higher volatility (6.63%) compared to BKLN (0.53%). In terms of maximum drawdown, BKLN dropped -24.17% vs QQQI's -20.00%.

Which ETF is better, BKLN or QQQI?

On 1-year performance, QQQI leads with 30.39% vs 4.59% for BKLN. On fees, BKLN is cheaper at 0.65% 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.

Which ETF has performed better, BKLN or QQQI?

Over the 1-year period, QQQI has performed better with a 30.39% return vs 4.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKLN or QQQI?

BKLN is cheaper with a 0.65% expense ratio, compared with 0.68% for QQQI.

Which ETF pays a higher dividend yield, BKLN or QQQI?

QQQI has the higher dividend yield at 13.18%, compared with 6.63% for BKLN.

What is the main difference between BKLN and QQQI?

BKLN is categorized as Bank Loan, while QQQI is Nasdaq-100. They also come from different issuers: Invesco and Neos. Their fees differ too: 0.65% for BKLN and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.14 vs 1.68), 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.