PBDCX vs. BKLN
Compare and contrast key facts about PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) and Invesco Senior Loan ETF (BKLN).
PBDCX is an actively managed fund by PIMCO. It was launched on Sep 3, 2004. 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.
Performance
PBDCX vs. BKLN - Performance Comparison
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PBDCX vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | -1.37% | 7.27% | 2.10% | 6.82% | -17.38% | -2.01% | 6.29% | 13.44% | -3.12% | 6.73% |
BKLN Invesco Senior Loan ETF | -1.08% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Returns By Period
In the year-to-date period, PBDCX achieves a -1.37% return, which is significantly lower than BKLN's -1.08% return. Over the past 10 years, PBDCX has underperformed BKLN with an annualized return of 1.79%, while BKLN has yielded a comparatively higher 4.40% annualized return.
PBDCX
- 1D
- 0.45%
- 1M
- -2.49%
- YTD
- -1.37%
- 6M
- -0.78%
- 1Y
- 2.71%
- 3Y*
- 3.69%
- 5Y*
- -0.54%
- 10Y*
- 1.79%
BKLN
- 1D
- 0.20%
- 1M
- 1.76%
- YTD
- -1.08%
- 6M
- 0.99%
- 1Y
- 5.72%
- 3Y*
- 7.64%
- 5Y*
- 5.07%
- 10Y*
- 4.40%
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PBDCX vs. BKLN - Expense Ratio Comparison
PBDCX has a 2.19% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Return for Risk
PBDCX vs. BKLN — Risk / Return Rank
PBDCX
BKLN
PBDCX vs. BKLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) 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.
| PBDCX | BKLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.34 | -0.74 |
Sortino ratioReturn per unit of downside risk | 0.85 | 2.10 | -1.25 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.38 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.91 | -0.90 |
Martin ratioReturn relative to average drawdown | 3.32 | 7.18 | -3.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBDCX | BKLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.34 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 1.14 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.68 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.63 | +0.09 |
Correlation
The correlation between PBDCX and BKLN is 0.10, 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.
Dividends
PBDCX vs. BKLN - Dividend Comparison
PBDCX's dividend yield for the trailing twelve months is around 3.38%, less than BKLN's 7.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | 3.38% | 3.55% | 3.21% | 2.45% | 2.46% | 3.48% | 2.69% | 2.82% | 3.04% | 3.33% | 2.76% | 5.47% |
BKLN Invesco Senior Loan ETF | 7.04% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
Drawdowns
PBDCX vs. BKLN - Drawdown Comparison
The maximum PBDCX drawdown since its inception was -23.73%, roughly equal to the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for PBDCX and BKLN.
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Drawdown Indicators
| PBDCX | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -24.17% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -3.07% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -7.31% | -16.39% |
Max Drawdown (10Y)Largest decline over 10 years | -23.73% | -24.17% | +0.44% |
Current DrawdownCurrent decline from peak | -6.57% | -1.36% | -5.21% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -1.10% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.82% | +0.40% |
Volatility
PBDCX vs. BKLN - Volatility Comparison
PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) has a higher volatility of 2.25% compared to Invesco Senior Loan ETF (BKLN) at 1.75%. This indicates that PBDCX'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
| PBDCX | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.75% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 2.43% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.09% | 4.27% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 4.46% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 6.44% | -0.72% |