HIGH vs. BKLN
Compare and contrast key facts about Simplify Enhanced Income ETF (HIGH) and Invesco Senior Loan ETF (BKLN).
HIGH and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022. 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: HIGH or BKLN.
Key characteristics
| HIGH | BKLN | |
|---|---|---|
| YTD Return | 2.80% | 7.38% |
| 1Y Return | 3.77% | 9.65% |
| Sharpe Ratio | 1.09 | 4.17 |
| Sortino Ratio | 1.45 | 6.42 |
| Omega Ratio | 1.28 | 2.14 |
| Calmar Ratio | 1.05 | 5.83 |
| Martin Ratio | 3.00 | 49.29 |
| Ulcer Index | 1.18% | 0.20% |
| Daily Std Dev | 3.26% | 2.33% |
| Max Drawdown | -3.39% | -24.17% |
| Current Drawdown | -1.05% | -0.14% |
Correlation
The correlation between HIGH and BKLN is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HIGH vs. BKLN - Performance Comparison
In the year-to-date period, HIGH achieves a 2.80% return, which is significantly lower than BKLN's 7.38% 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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HIGH vs. BKLN - Expense Ratio Comparison
HIGH has a 0.51% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
HIGH vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) 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
HIGH vs. BKLN - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 8.82%, more than BKLN's 8.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 8.82% | 9.39% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.64% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
Drawdowns
HIGH vs. BKLN - Drawdown Comparison
The maximum HIGH drawdown since its inception was -3.39%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for HIGH and BKLN. For additional features, visit the drawdowns tool.
Volatility
HIGH vs. BKLN - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 0.68% compared to Invesco Senior Loan ETF (BKLN) at 0.51%. This indicates that HIGH'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.