BKLN vs. TIP
Compare and contrast key facts about Invesco Senior Loan ETF (BKLN) and iShares TIPS Bond ETF (TIP).
BKLN and TIP 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. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both BKLN and TIP 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 TIP.
Key characteristics
BKLN | TIP | |
---|---|---|
YTD Return | 2.83% | -0.71% |
1Y Return | 11.23% | -0.33% |
3Y Return (Ann) | 4.73% | -1.75% |
5Y Return (Ann) | 3.86% | 2.14% |
10Y Return (Ann) | 3.15% | 1.79% |
Sharpe Ratio | 4.53 | -0.12 |
Daily Std Dev | 2.47% | 5.91% |
Max Drawdown | -24.17% | -14.56% |
Current Drawdown | 0.00% | -10.04% |
Correlation
The correlation between BKLN and TIP is 0.01, 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.
Performance
BKLN vs. TIP - Performance Comparison
In the year-to-date period, BKLN achieves a 2.83% return, which is significantly higher than TIP's -0.71% return. Over the past 10 years, BKLN has outperformed TIP with an annualized return of 3.15%, while TIP has yielded a comparatively lower 1.79% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKLN vs. TIP - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than TIP's 0.19% expense ratio.
Risk-Adjusted Performance
BKLN vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and iShares TIPS Bond ETF (TIP). 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. TIP - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 8.75%, more than TIP's 2.83% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Invesco Senior Loan ETF | 8.75% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
iShares TIPS Bond ETF | 2.83% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
BKLN vs. TIP - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for BKLN and TIP. For additional features, visit the drawdowns tool.
Volatility
BKLN vs. TIP - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 0.68%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.60%. This indicates that BKLN experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.