BRLN vs. AAA
Compare and contrast key facts about BlackRock Floating Rate Loan ETF (BRLN) and AAF First Priority CLO Bond ETF (AAA).
BRLN and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRLN is an actively managed fund by Blackrock. It was launched on Oct 4, 2022. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRLN or AAA.
Key characteristics
| BRLN | AAA | |
|---|---|---|
| YTD Return | 6.52% | 5.84% |
| 1Y Return | 8.75% | 7.41% |
| Sharpe Ratio | 3.04 | 3.71 |
| Sortino Ratio | 4.71 | 6.09 |
| Omega Ratio | 1.60 | 1.83 |
| Calmar Ratio | 8.72 | 15.60 |
| Martin Ratio | 29.39 | 69.91 |
| Ulcer Index | 0.30% | 0.10% |
| Daily Std Dev | 2.93% | 1.97% |
| Max Drawdown | -2.07% | -2.63% |
| Current Drawdown | -0.02% | -0.06% |
Correlation
The correlation between BRLN and AAA is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BRLN vs. AAA - Performance Comparison
In the year-to-date period, BRLN achieves a 6.52% return, which is significantly higher than AAA's 5.84% 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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BRLN vs. AAA - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is higher than AAA's 0.25% expense ratio.
Risk-Adjusted Performance
BRLN vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and AAF First Priority CLO Bond ETF (AAA). 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
BRLN vs. AAA - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 7.90%, more than AAA's 6.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 7.90% | 9.06% | 1.48% | 0.00% | 0.00% |
AAA AAF First Priority CLO Bond ETF | 6.31% | 6.12% | 2.78% | 1.06% | 0.32% |
Drawdowns
BRLN vs. AAA - Drawdown Comparison
The maximum BRLN drawdown since its inception was -2.07%, smaller than the maximum AAA drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for BRLN and AAA. For additional features, visit the drawdowns tool.
Volatility
BRLN vs. AAA - Volatility Comparison
BlackRock Floating Rate Loan ETF (BRLN) has a higher volatility of 0.53% compared to AAF First Priority CLO Bond ETF (AAA) at 0.43%. This indicates that BRLN's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.