NFIAX vs. BKLN
NFIAX (Neuberger Berman Floating Rate Income Fund) and BKLN (Invesco Senior Loan ETF) are both Bank Loan funds. Over the past 10 years, NFIAX returned 4.53%/yr vs 4.33%/yr for BKLN. At a 0.35 correlation, their price movements are largely independent. NFIAX charges 0.97%/yr vs 0.65%/yr for BKLN.
Performance
NFIAX vs. BKLN - Performance Comparison
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Returns By Period
In the year-to-date period, NFIAX achieves a 1.26% return, which is significantly higher than BKLN's -0.03% return. Both investments have delivered pretty close results over the past 10 years, with NFIAX having a 4.53% annualized return and BKLN not far behind at 4.33%.
NFIAX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.26%
- 6M
- 1.81%
- 1Y
- 5.17%
- 3Y*
- 7.53%
- 5Y*
- 5.00%
- 10Y*
- 4.53%
BKLN
- 1D
- 0.01%
- 1M
- -0.04%
- YTD
- -0.03%
- 6M
- 0.26%
- 1Y
- 4.45%
- 3Y*
- 7.23%
- 5Y*
- 5.17%
- 10Y*
- 4.33%
NFIAX vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 1.26% | 5.83% | 8.89% | 10.92% | -3.26% | 4.27% | 3.63% | 8.31% | -1.13% | 3.19% |
BKLN Invesco Senior Loan ETF | -0.03% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Correlation
The correlation between NFIAX 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 | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011 | 0.35 |
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Return for Risk
NFIAX vs. BKLN — Risk / Return Rank
NFIAX
BKLN
NFIAX vs. BKLN - Risk-Adjusted Trends 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.
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.
| NFIAX | BKLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.37 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 1.45 | +3.51 |
| Martin ratioReturn relative to average drawdown | 16.86 | 5.68 | +11.18 |
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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.
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Drawdown Indicators
| NFIAX | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.18% | -24.17% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -3.07% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -3.55% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -7.31% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -22.18% | -24.17% | +1.99% |
Current DrawdownCurrent decline from peak | -0.22% | -0.47% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -1.09% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.78% | -0.47% |
Volatility
NFIAX vs. BKLN - Volatility Comparison
Neuberger Berman Floating Rate Income Fund (NFIAX) has a higher volatility of 0.57% compared to Invesco Senior Loan ETF (BKLN) at 0.53%. This indicates that NFIAX'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
| NFIAX | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.53% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 2.54% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 2.77% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 4.48% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 6.43% | -2.42% |
NFIAX vs. BKLN - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Dividends
NFIAX vs. BKLN - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 6.60%, less than BKLN's 7.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 7.16% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
NFIAX Neuberger Berman Floating Rate Income Fund | 6.60% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
Frequently Asked Questions
NFIAX 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.
NFIAX has higher volatility (0.57%) compared to BKLN (0.53%). In terms of maximum drawdown, NFIAX dropped -22.18% vs BKLN's -24.17%.
NFIAX currently has the higher Sharpe Ratio (2.43 vs 1.62), 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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