TBIIX vs. BKLN
Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and Invesco Senior Loan ETF (BKLN).
TBIIX is managed by TIAA Investments. It was launched on Sep 14, 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.
Performance
TBIIX vs. BKLN - Performance Comparison
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TBIIX vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | -0.28% | 7.12% | 1.13% | 5.13% | -13.61% | -1.81% | 7.69% | 8.58% | -0.25% | 3.43% |
BKLN Invesco Senior Loan ETF | -1.08% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Returns By Period
In the year-to-date period, TBIIX achieves a -0.28% return, which is significantly higher than BKLN's -1.08% return. Over the past 10 years, TBIIX has underperformed BKLN with an annualized return of 1.44%, while BKLN has yielded a comparatively higher 4.40% annualized return.
TBIIX
- 1D
- 0.21%
- 1M
- -1.72%
- YTD
- -0.28%
- 6M
- 0.48%
- 1Y
- 3.67%
- 3Y*
- 3.26%
- 5Y*
- -0.12%
- 10Y*
- 1.44%
BKLN
- 1D
- 0.20%
- 1M
- 1.76%
- YTD
- -1.08%
- 6M
- 0.99%
- 1Y
- 5.72%
- 3Y*
- 7.64%
- 5Y*
- 5.07%
- 10Y*
- 4.40%
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TBIIX vs. BKLN - Expense Ratio Comparison
TBIIX has a 0.07% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Return for Risk
TBIIX vs. BKLN — Risk / Return Rank
TBIIX
BKLN
TBIIX vs. BKLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) 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.
| TBIIX | BKLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.34 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.10 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.91 | -0.12 |
Martin ratioReturn relative to average drawdown | 5.10 | 7.18 | -2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TBIIX | BKLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.34 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 1.14 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.68 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.63 | -0.09 |
Correlation
The correlation between TBIIX and BKLN is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TBIIX vs. BKLN - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.51%, less than BKLN's 7.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.51% | 3.73% | 3.14% | 2.44% | 2.11% | 2.07% | 3.17% | 2.82% | 2.46% | 2.44% | 2.31% | 2.61% |
BKLN Invesco Senior Loan ETF | 7.04% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
Drawdowns
TBIIX vs. BKLN - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.33%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for TBIIX and BKLN.
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Drawdown Indicators
| TBIIX | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -24.17% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.07% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.68% | -7.31% | -11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -19.33% | -24.17% | +4.84% |
Current DrawdownCurrent decline from peak | -4.15% | -1.36% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -1.10% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.82% | +0.18% |
Volatility
TBIIX vs. BKLN - Volatility Comparison
The current volatility for TIAA-CREF Bond Index Fund (TBIIX) is 1.61%, while Invesco Senior Loan ETF (BKLN) has a volatility of 1.75%. This indicates that TBIIX 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.
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Volatility by Period
| TBIIX | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.75% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.43% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 4.27% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 4.46% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 6.44% | -1.44% |