BKLN vs. SPIP
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and SPDR Portfolio TIPS ETF (SPIP).
BKLN and SPIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKLN is a passively managed fund by Invesco that tracks the performance of the S&P/LSTA U.S. Leveraged Loan 100 Index. It was launched on Mar 3, 2011. SPIP is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays US Government Inflation-linked Bond Index. It was launched on May 25, 2007. Both BKLN and SPIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLN or SPIP.
Performance
BKLN vs. SPIP - Performance Comparison
Returns By Period
In the year-to-date period, BKLN achieves a 7.69% return, which is significantly higher than SPIP's 3.08% return. Over the past 10 years, BKLN has outperformed SPIP with an annualized return of 3.59%, while SPIP has yielded a comparatively lower 2.06% annualized return.
BKLN
7.69%
1.06%
4.50%
9.90%
4.59%
3.59%
SPIP
3.08%
-0.70%
3.08%
5.41%
1.81%
2.06%
Key characteristics
| BKLN | SPIP | |
|---|---|---|
| Sharpe Ratio | 4.24 | 0.94 |
| Sortino Ratio | 6.55 | 1.43 |
| Omega Ratio | 2.16 | 1.17 |
| Calmar Ratio | 5.95 | 0.41 |
| Martin Ratio | 50.27 | 4.24 |
| Ulcer Index | 0.20% | 1.28% |
| Daily Std Dev | 2.33% | 5.74% |
| Max Drawdown | -24.17% | -15.38% |
| Current Drawdown | -0.05% | -8.01% |
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BKLN vs. SPIP - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than SPIP's 0.12% expense ratio.
Correlation
The correlation between BKLN and SPIP is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
BKLN vs. SPIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and SPDR Portfolio TIPS ETF (SPIP). 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.
Dividends
BKLN vs. SPIP - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 8.53%, more than SPIP's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 8.53% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
SPIP SPDR Portfolio TIPS ETF | 3.23% | 3.70% | 7.06% | 4.53% | 1.97% | 2.60% | 2.80% | 3.02% | 1.88% | 0.14% | 1.66% | 1.11% |
Drawdowns
BKLN vs. SPIP - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than SPIP's maximum drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for BKLN and SPIP. For additional features, visit the drawdowns tool.
Volatility
BKLN vs. SPIP - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.54%, while SPDR Portfolio TIPS ETF (SPIP) has a volatility of 1.17%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than SPIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.