PRAA vs. BKLN

Last updated Jun 5, 2026

PRAA (PRA Group, Inc.) is a stock, while BKLN (Invesco Senior Loan ETF) is High Yield Bonds fund tracking the S&P/LSTA U.S. Leveraged Loan 100 Index. Over the past 10 years, PRAA returned -5.85%/yr vs 4.26%/yr for BKLN. At a 0.27 correlation, their price movements are largely independent.

Performance

PRAA vs. BKLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PRA Group, Inc. (PRAA) and Invesco Senior Loan ETF (BKLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAA achieves a -14.98% return, which is significantly lower than BKLN's 0.16% return. Over the past 10 years, PRAA has underperformed BKLN with an annualized return of -5.85%, while BKLN has yielded a comparatively higher 4.26% annualized return.

PRAA

• 1D: 7.28%
• 1M: -29.65%
• YTD: -14.98%
• 6M: -12.71%
• 1Y: 4.52%
• 3Y*: -10.42%
• 5Y*: -17.52%
• 10Y*: -5.85%

BKLN

• 1D: -0.05%
• 1M: -0.14%
• YTD: 0.16%
• 6M: 0.89%
• 1Y: 4.75%
• 3Y*: 7.72%
• 5Y*: 5.14%
• 10Y*: 4.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRAA vs. BKLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRAA PRA Group, Inc.	-14.98%	-15.32%	-20.27%	-22.44%	-32.72%	26.60%	9.26%	48.95%	-26.60%	-15.09%
BKLN Invesco Senior Loan ETF	0.16%	6.88%	8.21%	12.53%	-2.51%	2.32%	1.32%	10.03%	-1.32%	2.13%

Correlation

The correlation between PRAA and BKLN is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 4, 2011	0.27

Return for Risk

PRAA vs. BKLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRAA

PRAA Risk / Return Rank: 44
PRAA Sharpe Ratio Rank: 44
PRAA Sortino Ratio Rank: 43
PRAA Omega Ratio Rank: 43
PRAA Calmar Ratio Rank: 44
PRAA Martin Ratio Rank: 45

BKLN

BKLN Risk / Return Rank: 49
BKLN Sharpe Ratio Rank: 51
BKLN Sortino Ratio Rank: 54
BKLN Omega Ratio Rank: 69
BKLN Calmar Ratio Rank: 32
BKLN Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRAA vs. BKLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PRA Group, Inc. (PRAA) 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.

	PRAA	BKLN	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.73	-1.65
Sortino ratio: Return per unit of downside risk	0.53	2.56	-2.03
Omega ratio: Gain probability vs. loss probability	1.07	1.40	-0.33
Calmar ratio: Return relative to maximum drawdown	0.11	1.55	-1.45
Martin ratio: Return relative to average drawdown	0.29	6.11	-5.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAA vs. BKLN - Sharpe Ratio Comparison

The current PRAA Sharpe Ratio is 0.08, which is lower than the BKLN Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of PRAA and BKLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRAA	BKLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	1.73	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	1.15	-1.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	0.66	-0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.64	-0.54

Drawdowns

PRAA vs. BKLN - Drawdown Comparison

The maximum PRAA drawdown since its inception was -83.83%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for PRAA and BKLN.

Drawdown Indicators

	PRAA	BKLN	Difference
Max Drawdown Largest peak-to-trough decline	-83.83%	-24.17%	-59.66%
Max Drawdown (1Y) Largest decline over 1 year	-42.34%	-3.07%	-39.27%
Max Drawdown (3Y) Largest decline over 3 years	-62.79%	-3.55%	-59.24%
Max Drawdown (5Y) Largest decline over 5 years	-79.35%	-7.31%	-72.04%
Max Drawdown (10Y) Largest decline over 10 years	-79.35%	-24.17%	-55.18%
Current Drawdown Current decline from peak	-76.67%	-0.29%	-76.38%
Average Drawdown Average peak-to-trough decline	-32.26%	-1.09%	-31.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.69%	0.78%	+14.91%

Volatility

PRAA vs. BKLN - Volatility Comparison

PRA Group, Inc. (PRAA) has a higher volatility of 21.16% compared to Invesco Senior Loan ETF (BKLN) at 0.42%. This indicates that PRAA'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.

Volatility by Period

	PRAA	BKLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.16%	0.42%	+20.74%
Volatility (6M) Calculated over the trailing 6-month period	47.65%	2.52%	+45.13%
Volatility (1Y) Calculated over the trailing 1-year period	56.43%	2.75%	+53.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.47%	4.47%	+45.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.65%	6.43%	+40.22%

Dividends

PRAA vs. BKLN - Dividend Comparison

PRAA has not paid dividends to shareholders, while BKLN's dividend yield for the trailing twelve months is around 6.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKLN Invesco Senior Loan ETF	6.62%	6.95%	8.41%	8.59%	4.93%	3.11%	3.56%	4.86%	4.52%	3.50%	4.54%	4.12%
PRAA PRA Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRAA and BKLN in my portfolio?

PRAA and BKLN have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRAA or BKLN?

PRAA has higher volatility (21.16%) compared to BKLN (0.42%). In terms of maximum drawdown, PRAA dropped -83.83% vs BKLN's -24.17%.

Which has better risk-adjusted returns?

BKLN currently has the higher Sharpe Ratio (1.73 vs 0.08), 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.