VVR vs. FALN
VVR (Invesco Senior Income Trust) is a stock, while FALN (iShares Fallen Angels USD Bond ETF) is High Yield Bonds fund tracking the Bloomberg US High Yield Fallen Angel 3% Capped Index. Over the past 10 years, VVR returned 6.14%/yr vs 6.80%/yr for FALN. At a 0.28 correlation, their price movements are largely independent.
Performance
VVR vs. FALN - Performance Comparison
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Returns By Period
In the year-to-date period, VVR achieves a -2.22% return, which is significantly lower than FALN's 2.46% return. Over the past 10 years, VVR has underperformed FALN with an annualized return of 6.14%, while FALN has yielded a comparatively higher 6.80% annualized return.
VVR
- 1D
- -0.66%
- 1M
- 0.31%
- YTD
- -2.22%
- 6M
- -1.62%
- 1Y
- -8.19%
- 3Y*
- 5.16%
- 5Y*
- 4.08%
- 10Y*
- 6.14%
FALN
- 1D
- 0.15%
- 1M
- 1.15%
- YTD
- 2.46%
- 6M
- 2.42%
- 1Y
- 7.88%
- 3Y*
- 9.38%
- 5Y*
- 3.76%
- 10Y*
- 6.80%
VVR vs. FALN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VVR Invesco Senior Income Trust | -2.22% | -6.18% | 8.97% | 20.86% | -1.11% | 17.00% | -0.22% | 16.97% | -5.36% | 0.19% |
FALN iShares Fallen Angels USD Bond ETF | 2.46% | 8.92% | 7.68% | 13.47% | -13.79% | 5.40% | 14.85% | 17.42% | -4.97% | 8.70% |
Correlation
The correlation between VVR and FALN is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.28 |
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Return for Risk
VVR vs. FALN — Risk / Return Rank
VVR
FALN
VVR vs. FALN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Income Trust (VVR) and iShares Fallen Angels USD Bond ETF (FALN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VVR | FALN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.33 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 2.00 | -2.65 |
| Martin ratioReturn relative to average drawdown | -0.97 | 8.32 | -9.29 |
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Drawdowns
VVR vs. FALN - Drawdown Comparison
The maximum VVR drawdown since its inception was -73.79%, which is greater than FALN's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for VVR and FALN.
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Drawdown Indicators
| VVR | FALN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.79% | -29.22% | -44.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -3.96% | -8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -5.92% | -13.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -18.78% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -55.92% | -29.22% | -26.70% |
Current DrawdownCurrent decline from peak | -14.29% | 0.00% | -14.29% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -3.30% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 0.95% | +7.53% |
Volatility
VVR vs. FALN - Volatility Comparison
Invesco Senior Income Trust (VVR) has a higher volatility of 3.70% compared to iShares Fallen Angels USD Bond ETF (FALN) at 1.17%. This indicates that VVR's price experiences larger fluctuations and is considered to be riskier than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVR | FALN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 1.17% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 3.73% | +8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 4.59% | +10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 7.33% | +8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 8.92% | +14.65% |
Dividends
VVR vs. FALN - Dividend Comparison
VVR's dividend yield for the trailing twelve months is around 14.65%, more than FALN's 6.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.41% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% |
VVR Invesco Senior Income Trust | 14.65% | 13.94% | 13.06% | 11.54% | 11.46% | 7.22% | 6.71% | 6.22% | 6.68% | 5.95% | 6.41% | 7.97% |
Frequently Asked Questions
VVR and FALN have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVR has higher volatility (3.70%) compared to FALN (1.17%). In terms of maximum drawdown, VVR dropped -73.79% vs FALN's -29.22%.
FALN currently has the higher Sharpe Ratio (1.72 vs -0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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