SPFF vs. BKLN
SPFF (Global X SuperIncome Preferred ETF) and BKLN (Invesco Senior Loan ETF) are both exchange-traded funds - SPFF is a Preferred Stock/Convertible Bonds fund tracking the S&P Enhanced Yield North American Preferred Stock Index, while BKLN is a Bank Loan fund tracking the Morningstar LSTA US Leveraged Loan 100 Index. Both are passively managed. Over the past 10 years, SPFF returned 3.02%/yr vs 4.32%/yr for BKLN. At a 0.36 correlation, their price movements are largely independent. SPFF charges 0.58%/yr vs 0.65%/yr for BKLN.
Performance
SPFF vs. BKLN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPFF achieves a 4.37% return, which is significantly higher than BKLN's -0.13% return. Over the past 10 years, SPFF has underperformed BKLN with an annualized return of 3.02%, while BKLN has yielded a comparatively higher 4.32% annualized return.
SPFF
- 1D
- -0.84%
- 1M
- 0.81%
- YTD
- 4.37%
- 6M
- 3.21%
- 1Y
- 15.54%
- 3Y*
- 8.72%
- 5Y*
- 1.64%
- 10Y*
- 3.02%
BKLN
- 1D
- -0.10%
- 1M
- -0.14%
- YTD
- -0.13%
- 6M
- 0.06%
- 1Y
- 4.27%
- 3Y*
- 7.20%
- 5Y*
- 5.11%
- 10Y*
- 4.32%
SPFF vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPFF Global X SuperIncome Preferred ETF | 4.37% | 7.52% | 8.62% | 3.00% | -14.29% | 5.15% | 6.91% | 13.04% | -2.55% | 1.80% |
BKLN Invesco Senior Loan ETF | -0.13% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Correlation
The correlation between SPFF and BKLN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2012 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPFF vs. BKLN — Risk / Return Rank
SPFF
BKLN
SPFF vs. BKLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperIncome Preferred ETF (SPFF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPFF | BKLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.39 | +0.66 |
| Martin ratioReturn relative to average drawdown | 6.19 | 5.44 | +0.75 |
Loading charts...
Drawdowns
SPFF vs. BKLN - Drawdown Comparison
The maximum SPFF drawdown since its inception was -35.92%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for SPFF and BKLN.
Loading charts...
Drawdown Indicators
| SPFF | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.92% | -24.17% | -11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -3.07% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -12.51% | -3.55% | -8.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -7.31% | -15.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.92% | -24.17% | -11.75% |
Current DrawdownCurrent decline from peak | -2.57% | -0.57% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -1.09% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 0.79% | +1.73% |
Volatility
SPFF vs. BKLN - Volatility Comparison
Global X SuperIncome Preferred ETF (SPFF) has a higher volatility of 3.72% compared to Invesco Senior Loan ETF (BKLN) at 0.54%. This indicates that SPFF'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.
Loading charts...
Volatility by Period
| SPFF | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 0.54% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 2.54% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 2.76% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 4.48% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 6.43% | +7.10% |
SPFF vs. BKLN - Expense Ratio Comparison
SPFF has a 0.58% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Dividends
SPFF vs. BKLN - Dividend Comparison
SPFF's dividend yield for the trailing twelve months is around 6.49%, less than BKLN's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.59% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
SPFF Global X SuperIncome Preferred ETF | 6.49% | 6.47% | 6.39% | 6.64% | 7.15% | 5.78% | 5.75% | 5.97% | 7.60% | 7.24% | 7.04% | 7.50% |
Frequently Asked Questions
SPFF and BKLN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPFF has higher volatility (3.72%) compared to BKLN (0.54%). In terms of maximum drawdown, SPFF dropped -35.92% vs BKLN's -24.17%.
On 10-year performance, BKLN leads with 4.32% vs 3.02% for SPFF. On fees, SPFF is cheaper at 0.58% per year. On volatility, BKLN has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BKLN has performed better with a 4.32% return vs 3.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPFF is cheaper with a 0.58% expense ratio, compared with 0.65% for BKLN.
BKLN has the higher dividend yield at 6.59%, compared with 6.49% for SPFF.
SPFF is categorized as Preferred Stock/Convertible Bonds, while BKLN is Bank Loan. SPFF tracks S&P Enhanced Yield North American Preferred Stock Index, while BKLN tracks Morningstar LSTA US Leveraged Loan 100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.58% for SPFF and 0.65% for BKLN.
SPFF currently has the higher Sharpe Ratio (1.56 vs 1.55), 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.
Find the right allocation for SPFF and BKLN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer