HIGH vs. BKLN
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 Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index. HIGH is actively managed, while BKLN is passively managed. Over the past 3 years, HIGH returned 2.72%/yr vs 7.20%/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
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Returns By Period
In the year-to-date period, HIGH achieves a -0.79% return, which is significantly lower than BKLN's -0.13% return.
HIGH
- 1D
- -0.82%
- 1M
- 0.09%
- YTD
- -0.79%
- 6M
- -1.67%
- 1Y
- -1.43%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
BKLN
- 1D
- -0.10%
- 1M
- -0.14%
- YTD
- -0.13%
- 6M
- 0.06%
- 1Y
- 4.27%
- 3Y*
- 7.20%
- 5Y*
- 5.11%
- 10Y*
- 4.32%
HIGH vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.79% | 4.35% | 1.52% | 7.70% | 0.47% |
BKLN Invesco Senior Loan ETF | -0.13% | 6.88% | 8.21% | 12.53% | 1.06% |
Correlation
The correlation between HIGH and BKLN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.23 |
The correlation between HIGH and BKLN shifts across timeframes, from 0.23 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HIGH vs. BKLN — Risk / Return Rank
HIGH
BKLN
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HIGH | BKLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.35 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.39 | -1.55 |
| Martin ratioReturn relative to average drawdown | -0.21 | 5.44 | -5.65 |
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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.
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Drawdown Indicators
| HIGH | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -7.50% | -0.57% | -6.93% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -1.09% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 0.79% | +5.94% |
Volatility
HIGH vs. BKLN - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.91% compared to Invesco Senior Loan ETF (BKLN) at 0.54%. 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.
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Volatility by Period
| HIGH | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 0.54% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 2.54% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 2.76% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 4.48% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 6.43% | +3.10% |
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 7.36%, more than BKLN's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.59% | 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 | 7.36% | 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 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIGH has higher volatility (1.91%) compared to BKLN (0.54%). In terms of maximum drawdown, HIGH dropped -9.50% vs BKLN's -24.17%.
On 3-year performance, BKLN leads with 7.20% vs 2.72% for HIGH. On fees, HIGH is cheaper at 0.51% per year. On volatility, BKLN has been the lower-risk option at 0.54%. 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 7.20% return vs 2.72%. 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 7.36%, compared with 6.59% for BKLN.
HIGH is categorized as Derivative Income, while BKLN is Bank Loan. 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 (1.55 vs -0.16), 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.
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