USHY vs. BKLN
Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond ETF (USHY) and Invesco Senior Loan ETF (BKLN).
USHY and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. 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 USHY 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: USHY or BKLN.
Key characteristics
| USHY | BKLN | |
|---|---|---|
| YTD Return | 8.20% | 7.43% |
| 1Y Return | 13.20% | 9.75% |
| 3Y Return (Ann) | 3.01% | 5.76% |
| 5Y Return (Ann) | 4.30% | 4.46% |
| Sharpe Ratio | 3.09 | 4.20 |
| Sortino Ratio | 4.85 | 6.46 |
| Omega Ratio | 1.62 | 2.15 |
| Calmar Ratio | 3.03 | 5.86 |
| Martin Ratio | 23.62 | 49.50 |
| Ulcer Index | 0.57% | 0.20% |
| Daily Std Dev | 4.34% | 2.32% |
| Max Drawdown | -22.44% | -24.17% |
| Current Drawdown | -0.67% | -0.09% |
Correlation
The correlation between USHY and BKLN is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
USHY vs. BKLN - Performance Comparison
In the year-to-date period, USHY achieves a 8.20% return, which is significantly higher than BKLN's 7.43% 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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USHY vs. BKLN - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
USHY vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) 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
USHY vs. BKLN - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.70%, less than BKLN's 8.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.70% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 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
USHY vs. BKLN - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for USHY and BKLN. For additional features, visit the drawdowns tool.
Volatility
USHY vs. BKLN - Volatility Comparison
iShares Broad USD High Yield Corporate Bond ETF (USHY) has a higher volatility of 1.06% compared to Invesco Senior Loan ETF (BKLN) at 0.51%. This indicates that USHY'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.