SEIX vs. BKLN
Compare and contrast key facts about Virtus Seix Senior Loan ETF (SEIX) and Invesco Senior Loan ETF (BKLN).
SEIX and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEIX is an actively managed fund by Virtus Investment Partners. It was launched on Apr 24, 2019. 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: SEIX or BKLN.
Key characteristics
| SEIX | BKLN | |
|---|---|---|
| YTD Return | 3.08% | 2.78% |
| 1Y Return | 11.92% | 11.39% |
| 3Y Return (Ann) | 5.66% | 4.67% |
| 5Y Return (Ann) | 5.16% | 3.83% |
| Sharpe Ratio | 3.86 | 4.63 |
| Daily Std Dev | 3.12% | 2.47% |
| Max Drawdown | -17.51% | -24.17% |
| Current Drawdown | -0.03% | -0.09% |
Correlation
The correlation between SEIX and BKLN is 0.25, 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
SEIX vs. BKLN - Performance Comparison
In the year-to-date period, SEIX achieves a 3.08% return, which is significantly higher than BKLN's 2.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SEIX vs. BKLN - Expense Ratio Comparison
SEIX has a 0.57% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
SEIX vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Seix Senior Loan ETF (SEIX) 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
SEIX vs. BKLN - Dividend Comparison
SEIX's dividend yield for the trailing twelve months is around 9.10%, more than BKLN's 8.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEIX Virtus Seix Senior Loan ETF | 9.10% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.75% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
Drawdowns
SEIX vs. BKLN - Drawdown Comparison
The maximum SEIX drawdown since its inception was -17.51%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for SEIX and BKLN. For additional features, visit the drawdowns tool.
Volatility
SEIX vs. BKLN - Volatility Comparison
The current volatility for Virtus Seix Senior Loan ETF (SEIX) is 0.34%, while Invesco Senior Loan ETF (BKLN) has a volatility of 0.61%. This indicates that SEIX 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.