BKLN vs. SCYB
BKLN (Invesco Senior Loan ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - BKLN tracks the S&P/LSTA U.S. Leveraged Loan 100 Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past year, BKLN returned 4.75% vs 7.03% for SCYB. A 0.52 correlation means they provide meaningful diversification when combined. BKLN charges 0.65%/yr vs 0.03%/yr for SCYB.
Performance
BKLN vs. SCYB - Performance Comparison
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Returns By Period
In the year-to-date period, BKLN achieves a 0.16% return, which is significantly lower than SCYB's 1.76% return.
BKLN
- 1D
- -0.05%
- 1M
- -0.14%
- YTD
- 0.16%
- 6M
- 0.89%
- 1Y
- 4.75%
- 3Y*
- 7.72%
- 5Y*
- 5.14%
- 10Y*
- 4.26%
SCYB
- 1D
- 0.21%
- 1M
- 0.46%
- YTD
- 1.76%
- 6M
- 1.99%
- 1Y
- 7.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKLN vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 0.16% | 6.88% | 8.21% | 5.24% |
SCYB Schwab High Yield Bond ETF | 1.76% | 8.33% | 8.15% | 6.74% |
Correlation
The correlation between BKLN and SCYB is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.52 |
The correlation between BKLN and SCYB has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.
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Return for Risk
BKLN vs. SCYB — Risk / Return Rank
BKLN
SCYB
BKLN vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and Schwab High Yield Bond ETF (SCYB). 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.
| BKLN | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.89 | -1.34 |
| Martin ratioReturn relative to average drawdown | 6.11 | 12.95 | -6.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKLN | SCYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.89 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.70 | -1.06 |
Drawdowns
BKLN vs. SCYB - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for BKLN and SCYB.
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Drawdown Indicators
| BKLN | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -4.92% | -19.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.44% | -0.63% |
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 | -0.29% | -0.12% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -0.52% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.54% | +0.24% |
Volatility
BKLN vs. SCYB - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.42%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 1.09%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 1.09% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.94% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 3.75% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 5.13% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 5.13% | +1.30% |
BKLN vs. SCYB - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Dividends
BKLN vs. SCYB - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.62%, less than SCYB's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.62% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
SCYB Schwab High Yield Bond ETF | 6.92% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKLN and SCYB have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCYB has higher volatility (1.09%) compared to BKLN (0.42%). In terms of maximum drawdown, BKLN dropped -24.17% vs SCYB's -4.92%.
On 1-year performance, SCYB leads with 7.03% vs 4.75% for BKLN. On fees, SCYB is cheaper at 0.03% per year. On volatility, BKLN has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCYB has performed better with a 7.03% return vs 4.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCYB is cheaper with a 0.03% expense ratio, compared with 0.65% for BKLN.
SCYB has the higher dividend yield at 6.92%, compared with 6.62% for BKLN.
BKLN tracks S&P/LSTA U.S. Leveraged Loan 100 Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.65% for BKLN and 0.03% for SCYB.
SCYB currently has the higher Sharpe Ratio (1.89 vs 1.73), 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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