PYLD vs. BKLN
Compare and contrast key facts about PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and Invesco Senior Loan ETF (BKLN).
PYLD and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023. 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: PYLD or BKLN.
Performance
PYLD vs. BKLN - Performance Comparison
Returns By Period
In the year-to-date period, PYLD achieves a 6.69% return, which is significantly lower than BKLN's 7.69% return.
PYLD
6.69%
0.21%
5.16%
11.36%
N/A
N/A
BKLN
7.69%
1.01%
4.50%
9.95%
4.55%
3.59%
Key characteristics
| PYLD | BKLN | |
|---|---|---|
| Sharpe Ratio | 2.95 | 4.24 |
| Sortino Ratio | 4.47 | 6.55 |
| Omega Ratio | 1.61 | 2.16 |
| Calmar Ratio | 5.47 | 5.95 |
| Martin Ratio | 15.75 | 50.27 |
| Ulcer Index | 0.72% | 0.20% |
| Daily Std Dev | 3.84% | 2.33% |
| Max Drawdown | -4.52% | -24.17% |
| Current Drawdown | -1.20% | -0.05% |
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PYLD vs. BKLN - Expense Ratio Comparison
PYLD has a 0.55% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Correlation
The correlation between PYLD and BKLN is 0.30, 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.
Risk-Adjusted Performance
PYLD vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) 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
PYLD vs. BKLN - Dividend Comparison
PYLD's dividend yield for the trailing twelve months is around 5.73%, less than BKLN's 8.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 5.73% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.53% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
Drawdowns
PYLD vs. BKLN - Drawdown Comparison
The maximum PYLD drawdown since its inception was -4.52%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for PYLD and BKLN. For additional features, visit the drawdowns tool.
Volatility
PYLD vs. BKLN - Volatility Comparison
PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) has a higher volatility of 1.18% compared to Invesco Senior Loan ETF (BKLN) at 0.54%. This indicates that PYLD'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.