BKLN vs. TDTT
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT).
BKLN and TDTT 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. TDTT is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 3-Year Target Duration TIPS. It was launched on Sep 19, 2011. Both BKLN and TDTT 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 TDTT.
Performance
BKLN vs. TDTT - Performance Comparison
Returns By Period
In the year-to-date period, BKLN achieves a 7.43% return, which is significantly higher than TDTT's 3.93% return. Over the past 10 years, BKLN has outperformed TDTT with an annualized return of 3.58%, while TDTT has yielded a comparatively lower 2.30% annualized return.
BKLN
7.43%
0.88%
4.37%
9.75%
4.46%
3.58%
TDTT
3.93%
-0.67%
2.93%
5.99%
3.35%
2.30%
Key characteristics
| BKLN | TDTT | |
|---|---|---|
| Sharpe Ratio | 4.20 | 2.17 |
| Sortino Ratio | 6.46 | 3.51 |
| Omega Ratio | 2.15 | 1.44 |
| Calmar Ratio | 5.86 | 1.70 |
| Martin Ratio | 49.50 | 12.82 |
| Ulcer Index | 0.20% | 0.48% |
| Daily Std Dev | 2.32% | 2.85% |
| Max Drawdown | -24.17% | -6.97% |
| Current Drawdown | -0.09% | -1.26% |
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BKLN vs. TDTT - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than TDTT's 0.18% expense ratio.
Correlation
The correlation between BKLN and TDTT is 0.10, 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.
Risk-Adjusted Performance
BKLN vs. TDTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT). 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. TDTT - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 8.64%, more than TDTT's 3.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 8.64% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 3.84% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% | 0.19% |
Drawdowns
BKLN vs. TDTT - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for BKLN and TDTT. For additional features, visit the drawdowns tool.
Volatility
BKLN vs. TDTT - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.51%, while FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) has a volatility of 0.59%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than TDTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.