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.
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.
Performance
RPIFX vs. BKLN - Performance Comparison
Key characteristics
RPIFX:
3.33
BKLN:
3.63
RPIFX:
10.68
BKLN:
5.46
RPIFX:
3.50
BKLN:
1.95
RPIFX:
11.86
BKLN:
4.99
RPIFX:
67.01
BKLN:
41.57
RPIFX:
0.13%
BKLN:
0.20%
RPIFX:
2.63%
BKLN:
2.29%
RPIFX:
-22.53%
BKLN:
-24.17%
RPIFX:
-0.21%
BKLN:
-0.24%
Returns By Period
The year-to-date returns for both investments are quite close, with RPIFX having a 7.80% return and BKLN slightly higher at 7.85%. Over the past 10 years, RPIFX has outperformed BKLN with an annualized return of 4.93%, while BKLN has yielded a comparatively lower 3.75% annualized return.
RPIFX
7.80%
0.00%
4.00%
8.76%
5.39%
4.93%
BKLN
7.85%
0.19%
4.45%
8.05%
4.21%
3.75%
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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.
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 7.92%, more than BKLN's 7.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 7.92% | 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 | 7.82% | 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
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.22%, while Invesco Senior Loan ETF (BKLN) has a volatility of 0.36%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.