BKLN vs. TBIIX
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and TIAA-CREF Bond Index Fund (TBIIX).
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. TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009.
Performance
BKLN vs. TBIIX - Performance Comparison
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BKLN vs. TBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | -1.08% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
TBIIX TIAA-CREF Bond Index Fund | -0.28% | 7.12% | 1.13% | 5.13% | -13.61% | -1.81% | 7.69% | 8.58% | -0.25% | 3.43% |
Returns By Period
In the year-to-date period, BKLN achieves a -1.08% return, which is significantly lower than TBIIX's -0.28% return. Over the past 10 years, BKLN has outperformed TBIIX with an annualized return of 4.40%, while TBIIX has yielded a comparatively lower 1.44% annualized return.
BKLN
- 1D
- 0.20%
- 1M
- 1.76%
- YTD
- -1.08%
- 6M
- 0.99%
- 1Y
- 5.72%
- 3Y*
- 7.64%
- 5Y*
- 5.07%
- 10Y*
- 4.40%
TBIIX
- 1D
- 0.21%
- 1M
- -1.72%
- YTD
- -0.28%
- 6M
- 0.48%
- 1Y
- 3.67%
- 3Y*
- 3.26%
- 5Y*
- -0.12%
- 10Y*
- 1.44%
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BKLN vs. TBIIX - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than TBIIX's 0.07% expense ratio.
Return for Risk
BKLN vs. TBIIX — Risk / Return Rank
BKLN
TBIIX
BKLN vs. TBIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and TIAA-CREF Bond Index Fund (TBIIX). 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 | TBIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.89 | +0.45 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.28 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.16 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.80 | +0.12 |
Martin ratioReturn relative to average drawdown | 7.18 | 5.10 | +2.08 |
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 | TBIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.89 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | -0.02 | +1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.29 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.54 | +0.09 |
Correlation
The correlation between BKLN and TBIIX is -0.03. 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.
Dividends
BKLN vs. TBIIX - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 7.04%, more than TBIIX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 7.04% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
TBIIX TIAA-CREF Bond Index Fund | 3.51% | 3.73% | 3.14% | 2.44% | 2.11% | 2.07% | 3.17% | 2.82% | 2.46% | 2.44% | 2.31% | 2.61% |
Drawdowns
BKLN vs. TBIIX - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than TBIIX's maximum drawdown of -19.33%. Use the drawdown chart below to compare losses from any high point for BKLN and TBIIX.
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Drawdown Indicators
| BKLN | TBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -19.33% | -4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.83% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -18.68% | +11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | -19.33% | -4.84% |
Current DrawdownCurrent decline from peak | -1.36% | -4.15% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -3.68% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.00% | -0.18% |
Volatility
BKLN vs. TBIIX - Volatility Comparison
Invesco Senior Loan ETF (BKLN) has a higher volatility of 1.75% compared to TIAA-CREF Bond Index Fund (TBIIX) at 1.61%. This indicates that BKLN's price experiences larger fluctuations and is considered to be riskier than TBIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | TBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.61% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 2.68% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 4.55% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 6.05% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 5.00% | +1.44% |