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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBIIX or BKLN.
Performance
TBIIX vs. BKLN - Performance Comparison
Returns By Period
In the year-to-date period, TBIIX achieves a 1.46% return, which is significantly lower than BKLN's 7.75% return. Over the past 10 years, TBIIX has underperformed BKLN with an annualized return of 1.21%, while BKLN has yielded a comparatively higher 3.62% annualized return.
TBIIX
1.46%
-0.75%
3.35%
6.29%
-0.53%
1.21%
BKLN
7.75%
1.01%
4.65%
9.95%
4.60%
3.62%
Key characteristics
| TBIIX | BKLN | |
|---|---|---|
| Sharpe Ratio | 1.09 | 4.29 |
| Sortino Ratio | 1.61 | 6.62 |
| Omega Ratio | 1.20 | 2.18 |
| Calmar Ratio | 0.40 | 6.01 |
| Martin Ratio | 3.53 | 50.75 |
| Ulcer Index | 1.78% | 0.20% |
| Daily Std Dev | 5.75% | 2.33% |
| Max Drawdown | -19.73% | -24.17% |
| Current Drawdown | -10.02% | 0.00% |
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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.
Correlation
The correlation between TBIIX and BKLN is -0.04. 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.
Risk-Adjusted Performance
TBIIX vs. BKLN - Risk-Adjusted Performance 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.
Dividends
TBIIX vs. BKLN - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.34%, less than BKLN's 8.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.34% | 2.92% | 2.52% | 1.90% | 2.23% | 2.66% | 2.69% | 2.42% | 2.33% | 2.27% | 2.17% | 1.89% |
BKLN Invesco Senior Loan ETF | 8.53% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
Drawdowns
TBIIX vs. BKLN - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.73%, 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. For additional features, visit the drawdowns tool.
Volatility
TBIIX vs. BKLN - Volatility Comparison
TIAA-CREF Bond Index Fund (TBIIX) has a higher volatility of 1.38% compared to Invesco Senior Loan ETF (BKLN) at 0.53%. This indicates that TBIIX'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.