RPIFX vs. BKLN
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Invesco Senior Loan ETF (BKLN).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008. 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: RPIFX or BKLN.
Performance
RPIFX vs. BKLN - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with RPIFX having a 7.91% return and BKLN slightly lower at 7.75%. Over the past 10 years, RPIFX has outperformed BKLN with an annualized return of 4.84%, while BKLN has yielded a comparatively lower 3.62% annualized return.
RPIFX
7.91%
1.00%
4.60%
10.63%
5.67%
4.84%
BKLN
7.75%
1.01%
4.65%
9.95%
4.60%
3.62%
Key characteristics
| RPIFX | BKLN | |
|---|---|---|
| Sharpe Ratio | 3.84 | 4.29 |
| Sortino Ratio | 12.81 | 6.62 |
| Omega Ratio | 4.07 | 2.18 |
| Calmar Ratio | 14.23 | 6.01 |
| Martin Ratio | 81.34 | 50.75 |
| Ulcer Index | 0.13% | 0.20% |
| Daily Std Dev | 2.73% | 2.33% |
| Max Drawdown | -22.53% | -24.17% |
| Current Drawdown | 0.00% | 0.00% |
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RPIFX vs. BKLN - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Correlation
The correlation between RPIFX and BKLN is 0.38, 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
RPIFX vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) 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
RPIFX vs. BKLN - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 8.65%, more than BKLN's 8.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 8.65% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% | 4.21% |
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
RPIFX vs. BKLN - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -22.53%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for RPIFX and BKLN. For additional features, visit the drawdowns tool.
Volatility
RPIFX vs. BKLN - Volatility Comparison
T. Rowe Price Institutional Floating Rate Fund (RPIFX) has a higher volatility of 0.83% compared to Invesco Senior Loan ETF (BKLN) at 0.53%. This indicates that RPIFX'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.