STPZ vs. BKLN
Compare and contrast key facts about PIMCO 1-5 Year US TIPS Index ETF (STPZ) and Invesco Senior Loan ETF (BKLN).
STPZ and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. STPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (1-5 Y). It was launched on Aug 20, 2009. 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. Both STPZ and BKLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: STPZ or BKLN.
Key characteristics
| STPZ | BKLN | |
|---|---|---|
| YTD Return | 0.49% | 2.25% |
| 1Y Return | 2.39% | 10.23% |
| 3Y Return (Ann) | 1.28% | 4.57% |
| 5Y Return (Ann) | 2.74% | 3.65% |
| 10Y Return (Ann) | 1.72% | 3.17% |
| Sharpe Ratio | 0.72 | 4.24 |
| Daily Std Dev | 2.92% | 2.50% |
| Max Drawdown | -6.76% | -24.17% |
| Current Drawdown | -1.08% | 0.00% |
Correlation
The correlation between STPZ and BKLN is 0.09, 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
STPZ vs. BKLN - Performance Comparison
In the year-to-date period, STPZ achieves a 0.49% return, which is significantly lower than BKLN's 2.25% return. Over the past 10 years, STPZ has underperformed BKLN with an annualized return of 1.72%, while BKLN has yielded a comparatively higher 3.17% annualized 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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STPZ vs. BKLN - Expense Ratio Comparison
STPZ has a 0.20% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
STPZ vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 1-5 Year US TIPS Index ETF (STPZ) 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
STPZ vs. BKLN - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 1.63%, less than BKLN's 8.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.63% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.39% | 1.51% | 0.65% | 0.49% | 0.86% | 0.09% |
BKLN Invesco Senior Loan ETF | 8.80% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
Drawdowns
STPZ vs. BKLN - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.76%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for STPZ and BKLN. For additional features, visit the drawdowns tool.
Volatility
STPZ vs. BKLN - Volatility Comparison
The current volatility for PIMCO 1-5 Year US TIPS Index ETF (STPZ) is 0.67%, while Invesco Senior Loan ETF (BKLN) has a volatility of 0.73%. This indicates that STPZ 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.