BKLN vs. SCHD
BKLN (Invesco Senior Loan ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, BKLN returned 4.32%/yr vs 12.83%/yr for SCHD. At a 0.46 correlation, their price movements are largely independent. BKLN charges 0.65%/yr vs 0.06%/yr for SCHD.
Performance
BKLN vs. SCHD - 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 SCHD's 19.96% return. Over the past 10 years, BKLN has underperformed SCHD with an annualized return of 4.32%, while SCHD has yielded a comparatively higher 12.83% 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%
SCHD
- 1D
- -0.58%
- 1M
- 2.87%
- YTD
- 19.96%
- 6M
- 18.54%
- 1Y
- 25.99%
- 3Y*
- 14.28%
- 5Y*
- 8.90%
- 10Y*
- 12.83%
BKLN vs. SCHD - 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% |
SCHD Schwab U.S. Dividend Equity ETF | 19.96% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between BKLN and SCHD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.46 |
Over the past year, the correlation between BKLN and SCHD has dropped to 0.16 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
BKLN vs. SCHD — Risk / Return Rank
BKLN
SCHD
BKLN vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and Schwab U.S. Dividend Equity ETF (SCHD). 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 | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 5.66 | -4.16 |
| Martin ratioReturn relative to average drawdown | 5.88 | 13.87 | -8.00 |
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Drawdowns
BKLN vs. SCHD - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BKLN and SCHD.
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Drawdown Indicators
| BKLN | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -33.37% | +9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -4.61% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -16.13% | +12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -16.85% | +9.54% |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | -33.37% | +9.20% |
Current DrawdownCurrent decline from peak | -0.48% | -0.61% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -3.31% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.88% | -1.10% |
Volatility
BKLN vs. SCHD - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.53%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.14%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 3.14% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 7.56% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 10.94% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 14.39% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 16.72% | -10.29% |
BKLN vs. SCHD - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
BKLN vs. SCHD - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.63%, more than SCHD's 3.24% 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% |
SCHD Schwab U.S. Dividend Equity ETF | 3.24% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
BKLN and SCHD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHD has higher volatility (3.14%) compared to BKLN (0.53%). In terms of maximum drawdown, BKLN dropped -24.17% vs SCHD's -33.37%.
On 10-year performance, SCHD leads with 12.83% vs 4.32% for BKLN. On fees, SCHD is cheaper at 0.06% 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, SCHD has performed better with a 12.83% return vs 4.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.65% for BKLN.
BKLN has the higher dividend yield at 6.63%, compared with 3.24% for SCHD.
BKLN is categorized as Bank Loan, while SCHD is Dividend. BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.65% for BKLN and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.39 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.
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