JPHSX vs. BKLN
JPHSX (JPMorgan Floating Rate Income Fund) and BKLN (Invesco Senior Loan ETF) are both Bank Loan funds. Over the past 10 years, JPHSX returned 3.67%/yr vs 4.21%/yr for BKLN. Their 0.40 correlation means their historical movements had little consistent relationship. JPHSX charges 0.75%/yr vs 0.65%/yr for BKLN.
Performance
JPHSX vs. BKLN - Performance Comparison
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Returns By Period
In the year-to-date period, JPHSX achieves a 1.37% return, which is significantly higher than BKLN's 0.85% return. Over the past 10 years, JPHSX has underperformed BKLN with an annualized return of 3.67%, while BKLN has yielded a comparatively higher 4.21% annualized return.
JPHSX
- 1D
- 0.00%
- 1M
- 0.43%
- 6M
- 1.47%
- YTD
- 1.37%
- 1Y
- 2.41%
- 3Y*
- 4.54%
- 5Y*
- 3.85%
- 10Y*
- 3.67%
- ALL TIME*
- 3.47%
BKLN
- 1D
- 0.20%
- 1M
- 0.93%
- 6M
- 1.44%
- YTD
- 0.85%
- 1Y
- 4.29%
- 3Y*
- 6.97%
- 5Y*
- 5.41%
- 10Y*
- 4.21%
- ALL TIME*
- 3.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.78M | $121.39M | $171.07M | |
| $0.00 | $0.00 | $0.00 |
JPHSX vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPHSX JPMorgan Floating Rate Income Fund | 1.37% | 0.89% | 7.14% | 11.07% | -2.13% | 4.57% | 1.28% | 7.15% | -0.31% | 3.05% |
BKLN Invesco Senior Loan ETF | 0.85% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Correlation
The correlation between JPHSX and BKLN is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011 | 0.40 |
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Return for Risk
JPHSX vs. BKLN — Risk / Return Rank
JPHSX
BKLN
JPHSX vs. BKLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Floating Rate Income Fund (JPHSX) 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.
| JPHSX | BKLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.40 | +0.49 |
| Martin ratioReturn relative to average drawdown | 5.20 | 5.42 | -0.22 |
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Drawdowns
JPHSX vs. BKLN - Drawdown Comparison
The maximum JPHSX drawdown since its inception was -20.95%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for JPHSX and BKLN.
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Drawdown Indicators
| JPHSX | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.95% | -24.17% | +3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -3.07% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -3.55% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -7.31% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | -24.17% | +3.22% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -1.08% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.79% | -0.33% |
Volatility
JPHSX vs. BKLN - Volatility Comparison
The current volatility for JPMorgan Floating Rate Income Fund (JPHSX) is 0.34%, while Invesco Senior Loan ETF (BKLN) has a volatility of 0.37%. This indicates that JPHSX experiences smaller price fluctuations and is considered to be less risky 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
| JPHSX | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.37% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 2.53% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.10% | 2.78% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.27% | 4.47% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.64% | 6.42% | -2.78% |
JPHSX vs. BKLN - Expense Ratio Comparison
JPHSX has a 0.75% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Dividends
JPHSX vs. BKLN - Dividend Comparison
JPHSX's dividend yield for the trailing twelve months is around 6.29%, less than BKLN's 6.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.51% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
JPHSX JPMorgan Floating Rate Income Fund | 6.29% | 6.84% | 9.21% | 7.94% | 5.12% | 3.34% | 3.88% | 5.27% | 4.57% | 3.78% | 4.49% | 4.52% |
Frequently Asked Questions
JPHSX and BKLN have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKLN has higher volatility (0.37%) compared to JPHSX (0.34%). In terms of maximum drawdown, JPHSX dropped -20.95% vs BKLN's -24.17%.
BKLN currently has the higher Sharpe Ratio (1.55 vs 1.15), 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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