PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HIGH vs. BKLN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HIGH vs. BKLN

Last updated Jun 3, 2026

HIGH (Simplify Enhanced Income ETF) and BKLN (Invesco Senior Loan ETF) are both exchange-traded funds - HIGH is a Derivative Income fund actively managed by Simplify, while BKLN is a High Yield Bonds fund tracking the S&P/LSTA U.S. Leveraged Loan 100 Index. HIGH is actively managed, while BKLN is passively managed. Over the past 3 years, HIGH returned 3.13%/yr vs 7.65%/yr for BKLN. At a 0.23 correlation, their price movements are largely independent. HIGH charges 0.51%/yr vs 0.65%/yr for BKLN.

Performance

HIGH vs. BKLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Enhanced Income ETF (HIGH) and Invesco Senior Loan ETF (BKLN). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HIGH achieves a -0.05% return, which is significantly lower than BKLN's 0.21% return.

HIGH

1D
0.18%
1M
1.82%
YTD
-0.05%
6M
-1.07%
1Y
-2.66%
3Y*
3.13%
5Y*
—
10Y*
—

BKLN

1D
0.00%
1M
0.15%
YTD
0.21%
6M
1.23%
1Y
4.95%
3Y*
7.65%
5Y*
5.15%
10Y*
4.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HIGH vs. BKLN - Yearly Performance Comparison

2026 (YTD)2025202420232022
HIGH
Simplify Enhanced Income ETF		-0.05%4.35%1.52%7.70%0.27%
BKLN
Invesco Senior Loan ETF		0.21%6.88%8.21%12.53%0.48%

Correlation

The correlation between HIGH and BKLN is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Oct 31, 2022

0.23

The correlation between HIGH and BKLN shifts across timeframes, from 0.23 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

HIGH vs. BKLN - Sectors Allocation Comparison

Sectors
HIGH
BKLN

Financial Services

71.3%
1.9%

Basic Materials

-

-

Communication Services

-

0.8%

Consumer Cyclical

-

2.3%

Consumer Defensive

-

0.7%

Energy

-

-

Healthcare

-

0.8%

Industrials

-

0.9%

Real Estate

-

0.8%

Technology

-

5.7%

Utilities

-

-

Financial Services

HIGH
71.3%
BKLN
1.9%

Basic Materials

HIGH

-

BKLN

-

Communication Services

HIGH

-

BKLN
0.8%

Consumer Cyclical

HIGH

-

BKLN
2.3%

Consumer Defensive

HIGH

-

BKLN
0.7%

Energy

HIGH

-

BKLN

-

Healthcare

HIGH

-

BKLN
0.8%

Industrials

HIGH

-

BKLN
0.9%

Real Estate

HIGH

-

BKLN
0.8%

Technology

HIGH

-

BKLN
5.7%

Utilities

HIGH

-

BKLN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Simplify Enhanced Income ETF

Invesco Senior Loan ETF

Often compared with HIGH:
HIGH vs. SGOVHIGH vs. JEPQHIGH vs. JEPIHIGH vs. CSHIHIGH vs. HYBLHIGH vs. BUCKHIGH vs. WEEK
Often compared with BKLN:
BKLN vs. SRLNBKLN vs. HYGBKLN vs. FLBLBKLN vs. FTSLBKLN vs. USHYBKLN vs. SPYBKLN vs. EFT

Return for Risk

HIGH vs. BKLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIGH
HIGH Risk / Return Rank: 66
Overall Rank
HIGH Sharpe Ratio Rank: 66
Sharpe Ratio Rank
HIGH Sortino Ratio Rank: 55
Sortino Ratio Rank
HIGH Omega Ratio Rank: 55
Omega Ratio Rank
HIGH Calmar Ratio Rank: 66
Calmar Ratio Rank
HIGH Martin Ratio Rank: 77
Martin Ratio Rank
BKLN
BKLN Risk / Return Rank: 5050
Overall Rank
BKLN Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
BKLN Sortino Ratio Rank: 5555
Sortino Ratio Rank
BKLN Omega Ratio Rank: 6969
Omega Ratio Rank
BKLN Calmar Ratio Rank: 3232
Calmar Ratio Rank
BKLN Martin Ratio Rank: 4040
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIGH vs. BKLN - Risk-Adjusted Trends 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.

HIGHBKLNDifference

Sharpe ratio

Return per unit of total volatility

-0.30

1.80

-2.11

Sortino ratio

Return per unit of downside risk

-0.37

2.67

-3.04

Omega ratio

Gain probability vs. loss probability

0.95

1.42

-0.47

Calmar ratio

Return relative to maximum drawdown

-0.26

1.61

-1.87

Martin ratio

Return relative to average drawdown

-0.38

6.36

-6.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIGH vs. BKLN - Sharpe Ratio Comparison

The current HIGH Sharpe Ratio is -0.30, which is lower than the BKLN Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of HIGH and BKLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HIGHBKLNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.30

1.80

-2.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.16

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.67

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.64

-0.24

Drawdowns

HIGH vs. BKLN - Drawdown Comparison

The maximum HIGH drawdown since its inception was -9.50%, 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.

Loading charts...

Drawdown Indicators

HIGHBKLNDifference

Max Drawdown

Largest peak-to-trough decline

-9.50%

-24.17%

+14.67%

Max Drawdown (1Y)

Largest decline over 1 year

-9.50%

-3.07%

-6.43%

Max Drawdown (3Y)

Largest decline over 3 years

-9.50%

-3.55%

-5.95%

Max Drawdown (5Y)

Largest decline over 5 years

—

-7.31%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.17%

—

Current Drawdown

Current decline from peak

-6.81%

-0.24%

-6.57%

Average Drawdown

Average peak-to-trough decline

-2.37%

-1.09%

-1.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.51%

0.78%

+5.73%

Volatility

HIGH vs. BKLN - Volatility Comparison

Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.18% compared to Invesco Senior Loan ETF (BKLN) at 0.45%. 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.

Loading charts...

Volatility by Period

HIGHBKLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.18%

0.45%

+0.73%

Volatility (6M)

Calculated over the trailing 6-month period

3.63%

2.53%

+1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

8.83%

2.75%

+6.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.56%

4.47%

+5.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.56%

6.43%

+3.13%

HIGH vs. BKLN - Expense Ratio Comparison

HIGH has a 0.51% expense ratio, which is lower than BKLN's 0.65% expense ratio.

Dividends

HIGH vs. BKLN - Dividend Comparison

HIGH's dividend yield for the trailing twelve months is around 7.31%, more than BKLN's 6.61% yield.

PositionTTM20252024202320222021202020192018201720162015
BKLN
Invesco Senior Loan ETF		6.61%6.95%8.41%8.59%4.93%3.11%3.56%4.86%4.52%3.50%4.54%4.12%
HIGH
Simplify Enhanced Income ETF		7.31%7.71%8.34%9.40%0.62%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HIGH and BKLN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HIGH has higher volatility (1.18%) compared to BKLN (0.45%). In terms of maximum drawdown, HIGH dropped -9.50% vs BKLN's -24.17%.

On 3-year performance, BKLN leads with 7.65% vs 3.13% for HIGH. On fees, HIGH is cheaper at 0.51% per year. On volatility, BKLN has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, BKLN has performed better with a 7.65% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HIGH is cheaper with a 0.51% expense ratio, compared with 0.65% for BKLN.

HIGH has the higher dividend yield at 7.31%, compared with 6.61% for BKLN.

HIGH is categorized as Derivative Income, while BKLN is High Yield Bonds. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.51% for HIGH and 0.65% for BKLN.

BKLN currently has the higher Sharpe Ratio (1.80 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for HIGH and BKLN

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer