FLBL vs. BKLN
Compare and contrast key facts about Franklin Liberty Senior Loan ETF (FLBL) and Invesco Senior Loan ETF (BKLN).
FLBL and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 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: FLBL or BKLN.
Key characteristics
| FLBL | BKLN | |
|---|---|---|
| YTD Return | 2.00% | 2.20% |
| 1Y Return | 11.58% | 10.23% |
| 3Y Return (Ann) | 5.34% | 4.52% |
| 5Y Return (Ann) | 4.57% | 3.61% |
| Sharpe Ratio | 4.06 | 4.10 |
| Daily Std Dev | 2.87% | 2.49% |
| Max Drawdown | -19.52% | -24.17% |
| Current Drawdown | -0.31% | -0.05% |
Correlation
The correlation between FLBL and BKLN is 0.48, 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
FLBL vs. BKLN - Performance Comparison
In the year-to-date period, FLBL achieves a 2.00% return, which is significantly lower than BKLN's 2.20% 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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FLBL vs. BKLN - Expense Ratio Comparison
FLBL has a 0.45% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
FLBL vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Senior Loan ETF (FLBL) 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
FLBL vs. BKLN - Dividend Comparison
FLBL's dividend yield for the trailing twelve months is around 8.40%, less than BKLN's 8.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLBL Franklin Liberty Senior Loan ETF | 7.65% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.80% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
Drawdowns
FLBL vs. BKLN - Drawdown Comparison
The maximum FLBL drawdown since its inception was -19.52%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for FLBL and BKLN. For additional features, visit the drawdowns tool.
Volatility
FLBL vs. BKLN - Volatility Comparison
Franklin Liberty Senior Loan ETF (FLBL) has a higher volatility of 0.79% compared to Invesco Senior Loan ETF (BKLN) at 0.72%. This indicates that FLBL'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.