VVR vs. FTSL
VVR (Invesco Senior Income Trust) is a stock, while FTSL (First Trust Senior Loan Fund) is High Yield Bonds fund actively managed by First Trust. Over the past 10 years, VVR returned 6.14%/yr vs 4.52%/yr for FTSL. At a 0.23 correlation, their price movements are largely independent.
Performance
VVR vs. FTSL - 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 FTSL's 0.52% return. Over the past 10 years, VVR has outperformed FTSL with an annualized return of 6.14%, while FTSL has yielded a comparatively lower 4.52% 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%
FTSL
- 1D
- -0.01%
- 1M
- 0.01%
- YTD
- 0.52%
- 6M
- 0.48%
- 1Y
- 3.93%
- 3Y*
- 7.03%
- 5Y*
- 4.97%
- 10Y*
- 4.52%
VVR vs. FTSL - 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% |
FTSL First Trust Senior Loan Fund | 0.52% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Correlation
The correlation between VVR and FTSL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 2, 2013 | 0.23 |
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Return for Risk
VVR vs. FTSL — Risk / Return Rank
VVR
FTSL
VVR vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Income Trust (VVR) and First Trust Senior Loan Fund (FTSL). 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 | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.42 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.69 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.97 | 6.28 | -7.25 |
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Drawdowns
VVR vs. FTSL - Drawdown Comparison
The maximum VVR drawdown since its inception was -73.79%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for VVR and FTSL.
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Drawdown Indicators
| VVR | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.79% | -22.67% | -51.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -2.33% | -10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -2.66% | -16.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -6.96% | -12.54% |
Max Drawdown (10Y)Largest decline over 10 years | -55.92% | -22.67% | -33.25% |
Current DrawdownCurrent decline from peak | -14.29% | -0.16% | -14.13% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -0.76% | -10.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 0.63% | +7.85% |
Volatility
VVR vs. FTSL - Volatility Comparison
Invesco Senior Income Trust (VVR) has a higher volatility of 3.70% compared to First Trust Senior Loan Fund (FTSL) at 0.33%. This indicates that VVR's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVR | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 0.33% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 1.96% | +9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 2.12% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 3.35% | +12.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 5.18% | +18.39% |
Dividends
VVR vs. FTSL - Dividend Comparison
VVR's dividend yield for the trailing twelve months is around 14.65%, more than FTSL's 7.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 7.01% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
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 FTSL have a correlation of 0.21, 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 FTSL (0.33%). In terms of maximum drawdown, VVR dropped -73.79% vs FTSL's -22.67%.
FTSL currently has the higher Sharpe Ratio (1.86 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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