WIP vs. BKLN
Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Invesco Senior Loan ETF (BKLN).
WIP and BKLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. 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 WIP 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: WIP or BKLN.
Key characteristics
| WIP | BKLN | |
|---|---|---|
| YTD Return | -6.26% | 2.45% |
| 1Y Return | -2.24% | 10.65% |
| 3Y Return (Ann) | -5.01% | 4.59% |
| 5Y Return (Ann) | -1.29% | 3.61% |
| 10Y Return (Ann) | -0.89% | 3.14% |
| Sharpe Ratio | -0.17 | 4.21 |
| Daily Std Dev | 11.21% | 2.49% |
| Max Drawdown | -29.59% | -24.17% |
| Current Drawdown | -17.84% | 0.00% |
Correlation
The correlation between WIP and BKLN is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WIP vs. BKLN - Performance Comparison
In the year-to-date period, WIP achieves a -6.26% return, which is significantly lower than BKLN's 2.45% return. Over the past 10 years, WIP has underperformed BKLN with an annualized return of -0.89%, while BKLN has yielded a comparatively higher 3.14% annualized 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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WIP vs. BKLN - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
WIP vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) 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
WIP vs. BKLN - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 6.57%, less than BKLN's 8.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 6.57% | 6.54% | 11.15% | 4.63% | 1.59% | 2.46% | 4.05% | 1.91% | 1.27% | 1.14% | 2.56% | 2.38% |
BKLN Invesco Senior Loan ETF | 8.78% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% | 4.40% |
Drawdowns
WIP vs. BKLN - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.59%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for WIP and BKLN. For additional features, visit the drawdowns tool.
Volatility
WIP vs. BKLN - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 2.44% compared to Invesco Senior Loan ETF (BKLN) at 0.75%. This indicates that WIP'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.