BKLN vs. USLN

Last updated Aug 4, 2026

BKLN (Invesco Senior Loan ETF) and USLN (iShares Broad USD Floating Rate Loan ETF) are both Bank Loan funds - BKLN tracks the Morningstar LSTA US Leveraged Loan 100 Index while USLN tracks the Morningstar LSTA US Leveraged Loan Broad Select Index. Both are passively managed. Their 0.23 correlation means their historical movements had little consistent relationship. BKLN charges 0.65%/yr vs 0.43%/yr for USLN.

Performance

BKLN vs. USLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Senior Loan ETF (BKLN) and iShares Broad USD Floating Rate Loan ETF (USLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKLN

• 1D: 0.20%
• 1M: 0.93%
• 6M: 1.44%
• YTD: 0.85%
• 1Y: 4.29%
• 3Y*: 6.97%
• 5Y*: 5.41%
• 10Y*: 4.21%
• ALL TIME*: 3.74%

USLN

• 1D: 0.01%
• 1M: 0.58%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKLN Invesco Senior Loan ETF	$124.78M	$121.39M	$171.07M
USLN iShares Broad USD Floating Rate Loan ETF	$9.52K	$7.17K	$13.33K

BKLN vs. USLN - Yearly Performance Comparison

	2026 (YTD)
BKLN Invesco Senior Loan ETF	3.54%
USLN iShares Broad USD Floating Rate Loan ETF	2.52%

Correlation

The correlation between BKLN and USLN is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 4, 2026	0.23

Return for Risk

BKLN vs. USLN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKLN

BKLN Risk / Return Rank: 61
BKLN Sharpe Ratio Rank: 66
BKLN Sortino Ratio Rank: 70
BKLN Omega Ratio Rank: 82
BKLN Calmar Ratio Rank: 39
BKLN Martin Ratio Rank: 47

USLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKLN vs. USLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and iShares Broad USD Floating Rate Loan ETF (USLN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BKLN	USLN	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.31	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	1.40	—	—
Martin ratio: Return relative to average drawdown	5.42	—	—

Drawdowns

BKLN vs. USLN - Drawdown Comparison

The maximum BKLN drawdown since its inception was -24.17%, which is greater than USLN's maximum drawdown of -0.75%. Use the drawdown chart below to compare losses from any high point for BKLN and USLN.

Drawdown Indicators

	BKLN	USLN	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-0.75%	-23.42%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.17%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.17%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	BKLN	USLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	2.23%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.47%	2.23%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.42%	2.23%	+4.19%

BKLN vs. USLN - Expense Ratio Comparison

BKLN has a 0.65% expense ratio, which is higher than USLN's 0.43% expense ratio.

Dividends

BKLN vs. USLN - Dividend Comparison

BKLN's dividend yield for the trailing twelve months is around 6.51%, more than USLN's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKLN Invesco Senior Loan ETF	6.51%	6.95%	8.41%	8.59%	4.93%	3.11%	3.56%	4.86%	4.52%	3.50%	4.54%	4.12%
USLN iShares Broad USD Floating Rate Loan ETF	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKLN and USLN in my portfolio?

BKLN and USLN have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKLN or USLN?

On fees, USLN is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKLN or USLN?

USLN is cheaper with a 0.43% expense ratio, compared with 0.65% for BKLN.

Which ETF pays a higher dividend yield, BKLN or USLN?

BKLN has the higher dividend yield at 6.51%, compared with 2.13% for USLN.

What is the main difference between BKLN and USLN?

BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index, while USLN tracks Morningstar LSTA US Leveraged Loan Broad Select Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for BKLN and 0.43% for USLN.