BRLN vs. BIZD
BRLN (BlackRock Floating Rate Loan ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - BRLN is a Bank Loan fund actively managed by BlackRock, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. BRLN is actively managed, while BIZD is passively managed. Over the past 3 years, BRLN returned 7.18%/yr vs 4.91%/yr for BIZD. At a 0.17 correlation, their price movements are largely independent. BRLN charges 0.55%/yr vs 12.86%/yr for BIZD.
Performance
BRLN vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, BRLN achieves a 1.14% return, which is significantly higher than BIZD's -8.77% return.
BRLN
- 1D
- 0.35%
- 1M
- 0.60%
- YTD
- 1.14%
- 6M
- 1.72%
- 1Y
- 4.81%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
BIZD
- 1D
- -0.32%
- 1M
- -3.49%
- YTD
- -8.77%
- 6M
- -11.00%
- 1Y
- -13.11%
- 3Y*
- 4.91%
- 5Y*
- 3.86%
- 10Y*
- 7.80%
BRLN vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 1.14% | 5.38% | 7.49% | 13.42% | 2.13% |
BIZD VanEck BDC Income ETF | -8.77% | -4.96% | 15.63% | 27.02% | 5.89% |
Correlation
The correlation between BRLN and BIZD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.17 |
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Return for Risk
BRLN vs. BIZD — Risk / Return Rank
BRLN
BIZD
BRLN vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and VanEck BDC Income ETF (BIZD). 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.
| BRLN | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.90 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.59 | +3.00 |
| Martin ratioReturn relative to average drawdown | 9.32 | -1.03 | +10.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRLN | BIZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | -0.72 | +2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.16 | 0.30 | +1.85 |
Drawdowns
BRLN vs. BIZD - Drawdown Comparison
The maximum BRLN drawdown since its inception was -3.85%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for BRLN and BIZD.
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Drawdown Indicators
| BRLN | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -55.44% | +51.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -22.22% | +20.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | -22.56% | +18.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.44% | — |
Current DrawdownCurrent decline from peak | -0.42% | -19.08% | +18.66% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -6.73% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 12.79% | -12.27% |
Volatility
BRLN vs. BIZD - Volatility Comparison
The current volatility for BlackRock Floating Rate Loan ETF (BRLN) is 1.11%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.32%. This indicates that BRLN experiences smaller price fluctuations and is considered to be less risky than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRLN | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 5.32% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 14.92% | -12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 18.31% | -15.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 17.44% | -13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | 21.76% | -18.02% |
BRLN vs. BIZD - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
BRLN vs. BIZD - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 6.37%, less than BIZD's 13.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.84% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
BRLN BlackRock Floating Rate Loan ETF | 6.37% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRLN and BIZD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.32%) compared to BRLN (1.11%). In terms of maximum drawdown, BRLN dropped -3.85% vs BIZD's -55.44%.
On 3-year performance, BRLN leads with 7.18% vs 4.91% for BIZD. On fees, BRLN is cheaper at 0.55% per year. On volatility, BRLN has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BRLN has performed better with a 7.18% return vs 4.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BRLN is cheaper with a 0.55% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 13.84%, compared with 6.37% for BRLN.
BRLN is categorized as Bank Loan, while BIZD is Financials Equities. They also come from different issuers: BlackRock and VanEck. Their fees differ too: 0.55% for BRLN and 12.86% for BIZD.
BRLN currently has the higher Sharpe Ratio (1.54 vs -0.72), 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.
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