TRSX.L vs. BKLN
Compare and contrast key facts about SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) and Invesco Senior Loan ETF (BKLN).
TRSX.L and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRSX.L is a passively managed fund by State Street that tracks the performance of the Bloomberg US Government TR USD. It was launched on Feb 17, 2016. 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 TRSX.L 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: TRSX.L or BKLN.
Key characteristics
| TRSX.L | BKLN | |
|---|---|---|
| YTD Return | -0.03% | 7.38% |
| 1Y Return | 5.46% | 9.70% |
| 3Y Return (Ann) | -3.96% | 5.73% |
| 5Y Return (Ann) | -1.47% | 4.45% |
| Sharpe Ratio | 0.70 | 4.15 |
| Sortino Ratio | 1.07 | 6.39 |
| Omega Ratio | 1.13 | 2.13 |
| Calmar Ratio | 0.24 | 5.80 |
| Martin Ratio | 1.95 | 48.99 |
| Ulcer Index | 2.54% | 0.20% |
| Daily Std Dev | 7.06% | 2.33% |
| Max Drawdown | -23.60% | -24.17% |
| Current Drawdown | -16.85% | -0.14% |
Correlation
The correlation between TRSX.L and BKLN is -0.05. 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.
Performance
TRSX.L vs. BKLN - Performance Comparison
In the year-to-date period, TRSX.L achieves a -0.03% return, which is significantly lower than BKLN's 7.38% 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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TRSX.L vs. BKLN - Expense Ratio Comparison
TRSX.L has a 0.15% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
TRSX.L vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) 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
TRSX.L vs. BKLN - Dividend Comparison
TRSX.L's dividend yield for the trailing twelve months is around 3.57%, less than BKLN's 8.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 3.57% | 2.71% | 1.65% | 1.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.64% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
Drawdowns
TRSX.L vs. BKLN - Drawdown Comparison
The maximum TRSX.L drawdown since its inception was -23.60%, roughly equal to the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for TRSX.L and BKLN. For additional features, visit the drawdowns tool.
Volatility
TRSX.L vs. BKLN - Volatility Comparison
SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) has a higher volatility of 1.84% compared to Invesco Senior Loan ETF (BKLN) at 0.51%. This indicates that TRSX.L'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.