BRLN vs. EUHY
BRLN (BlackRock Floating Rate Loan ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - BRLN is a Bank Loan fund actively managed by BlackRock, while EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. BRLN is actively managed, while EUHY is passively managed. Over the past 3 years, BRLN returned 7.18%/yr vs 9.44%/yr for EUHY. At a 0.12 correlation, their price movements are largely independent. BRLN charges 0.55%/yr vs 0.35%/yr for EUHY.
Performance
BRLN vs. EUHY - Performance Comparison
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Returns By Period
In the year-to-date period, BRLN achieves a 1.14% return, which is significantly lower than EUHY's 1.70% return.
BRLN
- 1D
- 0.35%
- 1M
- 0.60%
- YTD
- 1.14%
- 6M
- 1.72%
- 1Y
- 4.81%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
EUHY
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 1.70%
- 6M
- 2.27%
- 1Y
- 5.47%
- 3Y*
- 9.44%
- 5Y*
- 1.82%
- 10Y*
- 3.68%
BRLN vs. EUHY - 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% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.70% | 17.41% | -0.55% | 16.06% | 14.24% |
Correlation
The correlation between BRLN and EUHY is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.12 |
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Return for Risk
BRLN vs. EUHY — Risk / Return Rank
BRLN
EUHY
BRLN vs. EUHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). 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 | EUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.57 | +0.84 |
| Martin ratioReturn relative to average drawdown | 9.32 | 3.75 | +5.57 |
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 | EUHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.00 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.16 | 0.34 | +1.81 |
Drawdowns
BRLN vs. EUHY - Drawdown Comparison
The maximum BRLN drawdown since its inception was -3.85%, smaller than the maximum EUHY drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for BRLN and EUHY.
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Drawdown Indicators
| BRLN | EUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -32.45% | +28.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -3.50% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | -8.23% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.38% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -8.58% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.46% | -0.94% |
Volatility
BRLN vs. EUHY - Volatility Comparison
BlackRock Floating Rate Loan ETF (BRLN) has a higher volatility of 1.11% compared to iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) at 1.03%. This indicates that BRLN's price experiences larger fluctuations and is considered to be riskier than EUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRLN | EUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.03% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.89% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 5.51% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 10.00% | -6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | 10.42% | -6.68% |
BRLN vs. EUHY - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is higher than EUHY's 0.35% expense ratio.
Dividends
BRLN vs. EUHY - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 6.37%, more than EUHY's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.35% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
Frequently Asked Questions
BRLN and EUHY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRLN has higher volatility (1.11%) compared to EUHY (1.03%). In terms of maximum drawdown, BRLN dropped -3.85% vs EUHY's -32.45%.
On 3-year performance, EUHY leads with 9.44% vs 7.18% for BRLN. On fees, EUHY is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EUHY has performed better with a 9.44% return vs 7.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUHY is cheaper with a 0.35% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.37%, compared with 5.35% for EUHY.
BRLN is categorized as Bank Loan, while EUHY is High Yield Bonds. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.55% for BRLN and 0.35% for EUHY.
BRLN currently has the higher Sharpe Ratio (1.54 vs 1.00), 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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