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.
Performance
BKLN vs. SPIP - Performance Comparison
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BKLN vs. SPIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | -1.27% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
SPIP SPDR Portfolio TIPS ETF | 0.27% | 6.78% | 2.35% | 2.98% | -12.84% | 5.80% | 11.41% | 9.14% | -1.53% | 3.16% |
Returns By Period
In the year-to-date period, BKLN achieves a -1.27% return, which is significantly lower than SPIP's 0.27% return. Over the past 10 years, BKLN has outperformed SPIP with an annualized return of 4.37%, while SPIP has yielded a comparatively lower 2.53% annualized return.
BKLN
- 1D
- 0.49%
- 1M
- 1.56%
- YTD
- -1.27%
- 6M
- 0.69%
- 1Y
- 5.66%
- 3Y*
- 7.57%
- 5Y*
- 5.02%
- 10Y*
- 4.37%
SPIP
- 1D
- -0.06%
- 1M
- -1.48%
- YTD
- 0.27%
- 6M
- 0.20%
- 1Y
- 2.65%
- 3Y*
- 2.91%
- 5Y*
- 1.15%
- 10Y*
- 2.53%
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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.
Return for Risk
BKLN vs. SPIP — Risk / Return Rank
BKLN
SPIP
BKLN vs. SPIP - Risk-Adjusted Trends 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.
| BKLN | SPIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.61 | +0.72 |
Sortino ratioReturn per unit of downside risk | 2.08 | 0.83 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.11 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.05 | +0.77 |
Martin ratioReturn relative to average drawdown | 6.90 | 3.04 | +3.86 |
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 | SPIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.61 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.18 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.42 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.52 | +0.11 |
Correlation
The correlation between BKLN and SPIP is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BKLN vs. SPIP - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 7.05%, more than SPIP's 4.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 7.05% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
SPIP SPDR Portfolio TIPS ETF | 4.05% | 4.09% | 3.36% | 3.70% | 7.05% | 4.53% | 1.97% | 2.91% | 2.80% | 3.02% | 1.88% | 0.14% |
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 -15.39%. Use the drawdown chart below to compare losses from any high point for BKLN and SPIP.
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Drawdown Indicators
| BKLN | SPIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -15.39% | -8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.92% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -15.39% | +8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | -15.39% | -8.78% |
Current DrawdownCurrent decline from peak | -1.56% | -2.21% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -4.13% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.01% | -0.20% |
Volatility
BKLN vs. SPIP - Volatility Comparison
Invesco Senior Loan ETF (BKLN) and SPDR Portfolio TIPS ETF (SPIP) have volatilities of 1.75% and 1.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | SPIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.75% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 2.55% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 4.39% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 6.59% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 6.03% | +0.41% |