BLCV vs. BRLN

Last updated Jun 24, 2026

BLCV (Blackrock Large Cap Value ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - BLCV is a Large Cap Value Equities fund actively managed by BlackRock, while BRLN is a Bank Loan fund actively managed by BlackRock. Both are actively managed. Over the past 3 years, BLCV returned 18.17%/yr vs 6.90%/yr for BRLN. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.

Performance

BLCV vs. BRLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Large Cap Value ETF (BLCV) and BlackRock Floating Rate Loan ETF (BRLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLCV achieves a 6.47% return, which is significantly higher than BRLN's 1.25% return.

BLCV

• 1D: -1.81%
• 1M: 0.18%
• YTD: 6.47%
• 6M: 5.91%
• 1Y: 18.72%
• 3Y*: 18.17%
• 5Y*: —
• 10Y*: —

BRLN

• 1D: -0.31%
• 1M: 0.60%
• YTD: 1.25%
• 6M: 1.66%
• 1Y: 4.80%
• 3Y*: 6.90%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLCV vs. BRLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLCV Blackrock Large Cap Value ETF	6.47%	19.96%	12.63%	14.56%
BRLN BlackRock Floating Rate Loan ETF	1.25%	5.38%	7.49%	8.77%

Correlation

The correlation between BLCV and BRLN is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 23, 2023	0.19

Return for Risk

BLCV vs. BRLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLCV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BRLN

BRLN Risk / Return Rank: 50
BRLN Sharpe Ratio Rank: 46
BRLN Sortino Ratio Rank: 49
BRLN Omega Ratio Rank: 48
BRLN Calmar Ratio Rank: 52
BRLN Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLCV vs. BRLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Value ETF (BLCV) and BlackRock Floating Rate Loan ETF (BRLN). 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.

	BLCV	BRLN	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.52	+0.28
Sortino ratio: Return per unit of downside risk	2.59	2.31	+0.28
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio: Return relative to maximum drawdown	2.11	2.41	-0.30
Martin ratio: Return relative to average drawdown	8.49	9.21	-0.72

BLCV vs. BRLN - Sharpe Ratio Comparison

The current BLCV Sharpe Ratio is 1.79, which is comparable to the BRLN Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of BLCV and BRLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BLCV vs. BRLN - Drawdown Comparison

The maximum BLCV drawdown since its inception was -13.44%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for BLCV and BRLN.

Drawdown Indicators

	BLCV	BRLN	Difference
Max Drawdown Largest peak-to-trough decline	-13.44%	-3.85%	-9.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-2.00%	-7.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.44%	-3.85%	-9.59%
Current Drawdown Current decline from peak	-1.81%	-0.59%	-1.22%
Average Drawdown Average peak-to-trough decline	-2.05%	-0.32%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	0.52%	+1.94%

Volatility

BLCV vs. BRLN - Volatility Comparison

Blackrock Large Cap Value ETF (BLCV) has a higher volatility of 3.36% compared to BlackRock Floating Rate Loan ETF (BRLN) at 1.25%. This indicates that BLCV's price experiences larger fluctuations and is considered to be riskier than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLCV	BRLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	1.25%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	2.41%	+6.62%
Volatility (1Y) Calculated over the trailing 1-year period	11.65%	3.18%	+8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	3.75%	+9.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.81%	3.75%	+9.06%

BLCV vs. BRLN - Expense Ratio Comparison

Both BLCV and BRLN have an expense ratio of 0.55%.

Dividends

BLCV vs. BRLN - Dividend Comparison

BLCV has not paid dividends to shareholders, while BRLN's dividend yield for the trailing twelve months is around 6.36%.

Position	TTM	2025	2024	2023	2022
BLCV Blackrock Large Cap Value ETF	1.01%	1.37%	1.63%	1.02%	0.00%
BRLN BlackRock Floating Rate Loan ETF	6.36%	6.50%	7.87%	9.06%	1.48%

Frequently Asked Questions

Can I hold both BLCV and BRLN in my portfolio?

BLCV and BRLN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLCV or BRLN?

BLCV has higher volatility (3.36%) compared to BRLN (1.25%). In terms of maximum drawdown, BLCV dropped -13.44% vs BRLN's -3.85%.

Which ETF is better, BLCV or BRLN?

On 3-year performance, BLCV leads with 18.17% vs 6.90% for BRLN. Both ETFs have the same 0.55% expense ratio. On volatility, BRLN has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLCV or BRLN?

Over the 3-year period, BLCV has performed better with a 18.17% return vs 6.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLCV or BRLN?

BLCV and BRLN have the same expense ratio: 0.55% per year.

Which ETF pays a higher dividend yield, BLCV or BRLN?

BRLN has the higher dividend yield at 6.36%, compared with 1.01% for BLCV.

What is the main difference between BLCV and BRLN?

BLCV is categorized as Large Cap Value Equities, while BRLN is Bank Loan.

Which has better risk-adjusted returns?

BLCV currently has the higher Sharpe Ratio (1.79 vs 1.52), 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.