NFIAX vs. BKLN
Compare and contrast key facts about Neuberger Berman Floating Rate Income Fund (NFIAX) and Invesco Senior Loan ETF (BKLN).
NFIAX is managed by Neuberger Berman. It was launched on Dec 28, 2009. 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: NFIAX or BKLN.
Correlation
The correlation between NFIAX and BKLN is 0.22, 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
NFIAX vs. BKLN - Performance Comparison
Key characteristics
NFIAX:
2.34
BKLN:
1.73
NFIAX:
4.30
BKLN:
2.72
NFIAX:
1.99
BKLN:
1.54
NFIAX:
2.89
BKLN:
1.96
NFIAX:
13.96
BKLN:
13.20
NFIAX:
0.45%
BKLN:
0.53%
NFIAX:
2.71%
BKLN:
4.02%
NFIAX:
-22.18%
BKLN:
-24.17%
NFIAX:
-0.02%
BKLN:
0.00%
Returns By Period
In the year-to-date period, NFIAX achieves a 0.66% return, which is significantly lower than BKLN's 0.92% return. Over the past 10 years, NFIAX has outperformed BKLN with an annualized return of 4.17%, while BKLN has yielded a comparatively lower 3.67% annualized return.
NFIAX
0.66%
1.66%
2.00%
6.20%
7.61%
4.17%
BKLN
0.92%
2.89%
2.42%
6.34%
6.12%
3.67%
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NFIAX vs. BKLN - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
NFIAX vs. BKLN — Risk-Adjusted Performance Rank
NFIAX
BKLN
NFIAX vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) 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
NFIAX vs. BKLN - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 7.59%, less than BKLN's 8.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 7.59% | 8.06% | 8.28% | 5.37% | 3.36% | 3.68% | 4.72% | 4.31% | 3.41% | 3.48% | 3.78% | 3.50% |
BKLN Invesco Senior Loan ETF | 8.04% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% |
Drawdowns
NFIAX vs. BKLN - Drawdown Comparison
The maximum NFIAX drawdown since its inception was -22.18%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for NFIAX and BKLN. For additional features, visit the drawdowns tool.
Volatility
NFIAX vs. BKLN - Volatility Comparison
The current volatility for Neuberger Berman Floating Rate Income Fund (NFIAX) is 1.49%, while Invesco Senior Loan ETF (BKLN) has a volatility of 3.43%. This indicates that NFIAX 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.