FIQSX vs. BKLN
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Invesco Senior Loan ETF (BKLN).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQSX or BKLN.
Key characteristics
| FIQSX | BKLN | |
|---|---|---|
| YTD Return | 8.16% | 7.53% |
| 1Y Return | 10.17% | 9.91% |
| 3Y Return (Ann) | 6.44% | 5.85% |
| 5Y Return (Ann) | 5.71% | 4.49% |
| Sharpe Ratio | 3.75 | 4.37 |
| Sortino Ratio | 11.33 | 6.74 |
| Omega Ratio | 3.36 | 2.21 |
| Calmar Ratio | 11.36 | 6.11 |
| Martin Ratio | 60.12 | 51.74 |
| Ulcer Index | 0.16% | 0.20% |
| Daily Std Dev | 2.60% | 2.32% |
| Max Drawdown | -22.19% | -24.17% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FIQSX and BKLN is 0.41, 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.
Performance
FIQSX vs. BKLN - Performance Comparison
In the year-to-date period, FIQSX achieves a 8.16% return, which is significantly higher than BKLN's 7.53% 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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FIQSX vs. BKLN - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
FIQSX vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) 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
FIQSX vs. BKLN - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 8.44%, less than BKLN's 8.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 8.44% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.63% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
Drawdowns
FIQSX vs. BKLN - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for FIQSX and BKLN. For additional features, visit the drawdowns tool.
Volatility
FIQSX vs. BKLN - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) has a higher volatility of 0.61% compared to Invesco Senior Loan ETF (BKLN) at 0.49%. This indicates that FIQSX'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.