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.
Correlation
The correlation between BRLN and AAA is 0.05, 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
BRLN vs. AAA - Performance Comparison
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Key characteristics
BRLN:
1.64
AAA:
1.60
BRLN:
2.26
AAA:
2.35
BRLN:
1.33
AAA:
1.43
BRLN:
1.54
AAA:
2.28
BRLN:
9.08
AAA:
17.57
BRLN:
0.65%
AAA:
0.31%
BRLN:
3.74%
AAA:
3.27%
BRLN:
-3.85%
AAA:
-2.63%
BRLN:
-0.04%
AAA:
-0.04%
Returns By Period
In the year-to-date period, BRLN achieves a 1.15% return, which is significantly lower than AAA's 1.21% return.
BRLN
1.15%
2.10%
2.10%
5.77%
N/A
N/A
AAA
1.21%
1.13%
1.88%
5.21%
N/A
N/A
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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 Rank
BRLN
AAA
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.
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Dividends
BRLN vs. AAA - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 7.52%, more than AAA's 5.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 7.52% | 7.88% | 9.06% | 1.48% | 0.00% | 0.00% |
AAA AAF First Priority CLO Bond ETF | 5.91% | 6.17% | 6.11% | 2.78% | 1.06% | 0.32% |
Drawdowns
BRLN vs. AAA - Drawdown Comparison
The maximum BRLN drawdown since its inception was -3.85%, which is greater than AAA's maximum 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.
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Volatility
BRLN vs. AAA - Volatility Comparison
BlackRock Floating Rate Loan ETF (BRLN) has a higher volatility of 1.47% compared to AAF First Priority CLO Bond ETF (AAA) at 0.74%. 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.
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