FTSL vs. BKLN
Compare and contrast key facts about First Trust Senior Loan Fund (FTSL) and Invesco Senior Loan ETF (BKLN).
FTSL and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013. 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: FTSL or BKLN.
Key characteristics
| FTSL | BKLN | |
|---|---|---|
| YTD Return | 7.28% | 7.53% |
| 1Y Return | 9.31% | 9.91% |
| 3Y Return (Ann) | 5.48% | 5.85% |
| 5Y Return (Ann) | 4.94% | 4.49% |
| 10Y Return (Ann) | 4.10% | 3.59% |
| Sharpe Ratio | 4.84 | 4.37 |
| Sortino Ratio | 7.36 | 6.74 |
| Omega Ratio | 2.28 | 2.21 |
| Calmar Ratio | 8.65 | 6.11 |
| Martin Ratio | 59.26 | 51.74 |
| Ulcer Index | 0.16% | 0.20% |
| Daily Std Dev | 1.95% | 2.32% |
| Max Drawdown | -22.67% | -24.17% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FTSL 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
FTSL vs. BKLN - Performance Comparison
The year-to-date returns for both investments are quite close, with FTSL having a 7.28% return and BKLN slightly higher at 7.53%. Over the past 10 years, FTSL has outperformed BKLN with an annualized return of 4.10%, while BKLN has yielded a comparatively lower 3.59% annualized 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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FTSL vs. BKLN - Expense Ratio Comparison
FTSL has a 0.86% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
FTSL vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Senior Loan Fund (FTSL) 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
FTSL vs. BKLN - Dividend Comparison
FTSL's dividend yield for the trailing twelve months is around 7.63%, less than BKLN's 8.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 7.63% | 7.59% | 4.77% | 3.18% | 3.48% | 4.45% | 4.29% | 3.64% | 3.70% | 3.95% | 3.75% | 2.64% |
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
FTSL vs. BKLN - Drawdown Comparison
The maximum FTSL drawdown since its inception was -22.67%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for FTSL and BKLN. For additional features, visit the drawdowns tool.
Volatility
FTSL vs. BKLN - Volatility Comparison
First Trust Senior Loan Fund (FTSL) and Invesco Senior Loan ETF (BKLN) have volatilities of 0.49% and 0.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.