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.
Correlation
The correlation between BKLN and TIP is -0.07. 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.
Performance
BKLN vs. TIP - Performance Comparison
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Key characteristics
BKLN:
1.65
TIP:
1.24
BKLN:
2.59
TIP:
1.78
BKLN:
1.52
TIP:
1.23
BKLN:
1.86
TIP:
0.59
BKLN:
12.54
TIP:
3.82
BKLN:
0.53%
TIP:
1.57%
BKLN:
4.01%
TIP:
4.68%
BKLN:
-24.17%
TIP:
-14.56%
BKLN:
0.00%
TIP:
-4.64%
Returns By Period
In the year-to-date period, BKLN achieves a 1.30% return, which is significantly lower than TIP's 3.53% return. Over the past 10 years, BKLN has outperformed TIP with an annualized return of 3.71%, while TIP has yielded a comparatively lower 2.41% annualized return.
BKLN
1.30%
2.78%
2.13%
6.60%
6.05%
3.71%
TIP
3.53%
1.56%
1.94%
5.91%
1.49%
2.41%
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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 Rank
BKLN
TIP
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.
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Dividends
BKLN vs. TIP - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 8.01%, more than TIP's 2.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 8.01% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% |
TIP iShares TIPS Bond ETF | 2.91% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
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.
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Volatility
BKLN vs. TIP - Volatility Comparison
The current volatility for Invesco Senior Loan ETF (BKLN) is 1.58%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.88%. 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.
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