BREM vs. BALI

Last updated Jun 4, 2026

BREM (iShares Emerging Markets Bond Active ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both exchange-traded funds - BREM is a Emerging Markets Bonds fund actively managed by BlackRock, while BALI is a Derivative Income fund actively managed by BlackRock. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. BREM charges 0.50%/yr vs 0.35%/yr for BALI.

Performance

BREM vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Emerging Markets Bond Active ETF (BREM) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BREM achieves a 3.26% return, which is significantly lower than BALI's 11.50% return.

BREM

• 1D: -0.21%
• 1M: 1.16%
• YTD: 3.26%
• 6M: 3.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALI

• 1D: 0.25%
• 1M: 3.94%
• YTD: 11.50%
• 6M: 12.10%
• 1Y: 26.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BREM vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025
BREM iShares Emerging Markets Bond Active ETF	3.26%	2.74%
BALI Blackrock Advantage Large Cap Income ETF	11.50%	4.05%

Correlation

The correlation between BREM and BALI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025	0.63

Return for Risk

BREM vs. BALI — Risk / Return Rank

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

BALI

BALI Risk / Return Rank: 84
BALI Sharpe Ratio Rank: 84
BALI Sortino Ratio Rank: 85
BALI Omega Ratio Rank: 84
BALI Calmar Ratio Rank: 79
BALI Martin Ratio Rank: 89

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.

BREM vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Bond Active ETF (BREM) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

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

Sharpe Ratios by Period

	BREM	BALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	1.73	+0.02

Drawdowns

BREM vs. BALI - Drawdown Comparison

The maximum BREM drawdown since its inception was -4.54%, smaller than the maximum BALI drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for BREM and BALI.

Drawdown Indicators

	BREM	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-4.54%	-16.65%	+12.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.71%	—
Current Drawdown Current decline from peak	-0.21%	-0.16%	-0.05%
Average Drawdown Average peak-to-trough decline	-0.67%	-1.63%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.34%	—

Volatility

Volatility by Period

	BREM	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.70%	9.91%	-4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.70%	12.92%	-7.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.70%	12.92%	-7.22%

BREM vs. BALI - Expense Ratio Comparison

BREM has a 0.50% expense ratio, which is higher than BALI's 0.35% expense ratio.

Dividends

BREM vs. BALI - Dividend Comparison

BREM's dividend yield for the trailing twelve months is around 3.91%, less than BALI's 7.64% yield.

Position	TTM	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	7.64%	8.51%	7.13%	2.13%
BREM iShares Emerging Markets Bond Active ETF	3.91%	1.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BREM and BALI in my portfolio?

BREM and BALI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BREM or BALI?

On fees, BALI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BREM or BALI?

BALI is cheaper with a 0.35% expense ratio, compared with 0.50% for BREM.

Which ETF pays a higher dividend yield, BREM or BALI?

BALI has the higher dividend yield at 7.64%, compared with 3.91% for BREM.

What is the main difference between BREM and BALI?

BREM is categorized as Emerging Markets Bonds, while BALI is Derivative Income. Their fees differ too: 0.50% for BREM and 0.35% for BALI.