FALN vs. BKLN
Compare and contrast key facts about iShares Fallen Angels USD Bond ETF (FALN) and Invesco Senior Loan ETF (BKLN).
FALN and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. 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. Both FALN and BKLN 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: FALN or BKLN.
Performance
FALN vs. BKLN - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FALN having a 7.89% return and BKLN slightly lower at 7.75%.
FALN
7.89%
0.42%
5.83%
12.61%
5.64%
N/A
BKLN
7.75%
1.01%
4.65%
9.95%
4.60%
3.62%
Key characteristics
| FALN | BKLN | |
|---|---|---|
| Sharpe Ratio | 2.66 | 4.29 |
| Sortino Ratio | 4.04 | 6.62 |
| Omega Ratio | 1.52 | 2.18 |
| Calmar Ratio | 1.79 | 6.01 |
| Martin Ratio | 18.24 | 50.75 |
| Ulcer Index | 0.70% | 0.20% |
| Daily Std Dev | 4.78% | 2.33% |
| Max Drawdown | -29.22% | -24.17% |
| Current Drawdown | -0.55% | 0.00% |
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FALN vs. BKLN - Expense Ratio Comparison
FALN has a 0.25% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Correlation
The correlation between FALN and BKLN is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FALN vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) and Invesco Senior Loan ETF (BKLN). 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
FALN vs. BKLN - Dividend Comparison
FALN's dividend yield for the trailing twelve months is around 6.09%, less than BKLN's 8.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.09% | 5.38% | 5.08% | 3.39% | 5.14% | 5.35% | 5.97% | 6.99% | 3.54% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.53% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
Drawdowns
FALN vs. BKLN - Drawdown Comparison
The maximum FALN drawdown since its inception was -29.22%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for FALN and BKLN. For additional features, visit the drawdowns tool.
Volatility
FALN vs. BKLN - Volatility Comparison
iShares Fallen Angels USD Bond ETF (FALN) has a higher volatility of 1.27% compared to Invesco Senior Loan ETF (BKLN) at 0.53%. This indicates that FALN's price experiences larger fluctuations and is considered to be riskier than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.