PHYL vs. BKLN
Compare and contrast key facts about PGIM Active High Yield Bond ETF (PHYL) and Invesco Senior Loan ETF (BKLN).
PHYL and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHYL is an actively managed fund by Prudential. It was launched on Sep 24, 2018. 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: PHYL or BKLN.
Key characteristics
| PHYL | BKLN | |
|---|---|---|
| YTD Return | 1.36% | 2.93% |
| 1Y Return | 9.46% | 11.23% |
| 3Y Return (Ann) | 0.98% | 4.72% |
| 5Y Return (Ann) | 3.96% | 3.79% |
| Sharpe Ratio | 1.65 | 4.69 |
| Daily Std Dev | 5.64% | 2.46% |
| Max Drawdown | -22.06% | -24.17% |
| Current Drawdown | -0.71% | 0.00% |
Correlation
The correlation between PHYL and BKLN is 0.58, 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
PHYL vs. BKLN - Performance Comparison
In the year-to-date period, PHYL achieves a 1.36% return, which is significantly lower than BKLN's 2.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PHYL vs. BKLN - Expense Ratio Comparison
PHYL has a 0.53% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
PHYL vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Active High Yield Bond ETF (PHYL) 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
PHYL vs. BKLN - Dividend Comparison
PHYL's dividend yield for the trailing twelve months is around 7.98%, less than BKLN's 8.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYL PGIM Active High Yield Bond ETF | 7.98% | 7.62% | 6.55% | 6.13% | 7.51% | 7.30% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
PHYL vs. BKLN - Drawdown Comparison
The maximum PHYL drawdown since its inception was -22.06%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for PHYL and BKLN. For additional features, visit the drawdowns tool.
Volatility
PHYL vs. BKLN - Volatility Comparison
PGIM Active High Yield Bond ETF (PHYL) has a higher volatility of 1.17% compared to Invesco Senior Loan ETF (BKLN) at 0.62%. This indicates that PHYL'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.