BRLN vs. ECLN
BRLN (BlackRock Floating Rate Loan ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both exchange-traded funds - BRLN is a Bank Loan fund actively managed by BlackRock, while ECLN is a Utilities Equities fund actively managed by First Trust. Both are actively managed. Over the past 3 years, BRLN returned 7.36%/yr vs 17.15%/yr for ECLN. At a 0.06 correlation, their price movements are largely independent. BRLN charges 0.55%/yr vs 0.97%/yr for ECLN.
Performance
BRLN vs. ECLN - Performance Comparison
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Returns By Period
In the year-to-date period, BRLN achieves a 1.35% return, which is significantly lower than ECLN's 12.15% return.
BRLN
- 1D
- -0.21%
- 1M
- 0.94%
- YTD
- 1.35%
- 6M
- 2.23%
- 1Y
- 5.10%
- 3Y*
- 7.36%
- 5Y*
- —
- 10Y*
- —
ECLN
- 1D
- -0.07%
- 1M
- -2.95%
- YTD
- 12.15%
- 6M
- 10.16%
- 1Y
- 19.15%
- 3Y*
- 17.15%
- 5Y*
- 11.85%
- 10Y*
- —
BRLN vs. ECLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 1.35% | 5.38% | 7.49% | 13.42% | 2.13% |
ECLN First Trust EIP Carbon Impact ETF | 12.15% | 16.78% | 22.60% | -3.36% | 5.47% |
Correlation
The correlation between BRLN and ECLN is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.06 |
The correlation between BRLN and ECLN shifts across timeframes, from -0.12 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BRLN vs. ECLN — Risk / Return Rank
BRLN
ECLN
BRLN vs. ECLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and First Trust EIP Carbon Impact ETF (ECLN). 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 | ECLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 3.83 | -1.27 |
| Martin ratioReturn relative to average drawdown | 9.95 | 10.36 | -0.41 |
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 | ECLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.83 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.19 | 0.67 | +1.52 |
Drawdowns
BRLN vs. ECLN - Drawdown Comparison
The maximum BRLN drawdown since its inception was -3.85%, smaller than the maximum ECLN drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for BRLN and ECLN.
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Drawdown Indicators
| BRLN | ECLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -32.28% | +28.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -5.02% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | -14.68% | +10.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.88% | — |
Current DrawdownCurrent decline from peak | -0.21% | -3.65% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -4.99% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.86% | -1.35% |
Volatility
BRLN vs. ECLN - Volatility Comparison
The current volatility for BlackRock Floating Rate Loan ETF (BRLN) is 0.81%, while First Trust EIP Carbon Impact ETF (ECLN) has a volatility of 3.85%. This indicates that BRLN experiences smaller price fluctuations and is considered to be less risky than ECLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRLN | ECLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 3.85% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 8.15% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 10.51% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 14.22% | -10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.73% | 17.41% | -13.68% |
BRLN vs. ECLN - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is lower than ECLN's 0.97% expense ratio.
Dividends
BRLN vs. ECLN - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 6.35%, more than ECLN's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.35% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% |
ECLN First Trust EIP Carbon Impact ETF | 1.83% | 1.97% | 2.52% | 2.54% | 1.72% | 1.66% | 1.68% | 0.71% |
Frequently Asked Questions
BRLN and ECLN have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECLN has higher volatility (3.85%) compared to BRLN (0.81%). In terms of maximum drawdown, BRLN dropped -3.85% vs ECLN's -32.28%.
On 3-year performance, ECLN leads with 17.15% vs 7.36% for BRLN. On fees, BRLN is cheaper at 0.55% per year. On volatility, BRLN has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ECLN has performed better with a 17.15% return vs 7.36%. 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 0.97% for ECLN.
BRLN has the higher dividend yield at 6.35%, compared with 1.83% for ECLN.
BRLN is categorized as Bank Loan, while ECLN is Utilities Equities. They also come from different issuers: BlackRock and First Trust. Their fees differ too: 0.55% for BRLN and 0.97% for ECLN.
ECLN currently has the higher Sharpe Ratio (1.83 vs 1.68), 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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