NHFIX vs. BKLN
Compare and contrast key facts about Northern High Yield Fixed Income Fund (NHFIX) and Invesco Senior Loan ETF (BKLN).
NHFIX is managed by Northern Funds. It was launched on Dec 31, 1998. 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: NHFIX or BKLN.
Key characteristics
| NHFIX | BKLN | |
|---|---|---|
| YTD Return | 1.65% | 2.93% |
| 1Y Return | 11.94% | 11.60% |
| 3Y Return (Ann) | 1.91% | 4.68% |
| 5Y Return (Ann) | 4.14% | 3.80% |
| 10Y Return (Ann) | 3.99% | 3.18% |
| Sharpe Ratio | 2.53 | 4.77 |
| Daily Std Dev | 4.71% | 2.41% |
| Max Drawdown | -27.42% | -24.17% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between NHFIX and BKLN is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NHFIX vs. BKLN - Performance Comparison
In the year-to-date period, NHFIX achieves a 1.65% return, which is significantly lower than BKLN's 2.93% return. Over the past 10 years, NHFIX has outperformed BKLN with an annualized return of 3.99%, while BKLN has yielded a comparatively lower 3.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NHFIX vs. BKLN - Expense Ratio Comparison
NHFIX has a 0.60% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
NHFIX vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern High Yield Fixed Income Fund (NHFIX) 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
NHFIX vs. BKLN - Dividend Comparison
NHFIX's dividend yield for the trailing twelve months is around 6.63%, less than BKLN's 8.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHFIX Northern High Yield Fixed Income Fund | 6.63% | 6.60% | 6.88% | 5.31% | 5.41% | 6.16% | 6.64% | 6.67% | 6.03% | 6.40% | 8.13% | 8.31% |
BKLN Invesco Senior Loan ETF | 8.74% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
Drawdowns
NHFIX vs. BKLN - Drawdown Comparison
The maximum NHFIX drawdown since its inception was -27.42%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for NHFIX and BKLN. For additional features, visit the drawdowns tool.
Volatility
NHFIX vs. BKLN - Volatility Comparison
Northern High Yield Fixed Income Fund (NHFIX) has a higher volatility of 1.20% compared to Invesco Senior Loan ETF (BKLN) at 0.64%. This indicates that NHFIX'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.