BRLN vs. HYGH
Compare and contrast key facts about BlackRock Floating Rate Loan ETF (BRLN) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
BRLN and HYGH 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. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Performance
BRLN vs. HYGH - Performance Comparison
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BRLN vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | -0.55% | 5.38% | 7.49% | 13.42% | 2.13% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 0.64% | 6.94% | 11.22% | 12.17% | 2.35% |
Returns By Period
In the year-to-date period, BRLN achieves a -0.55% return, which is significantly lower than HYGH's 0.64% return.
BRLN
- 1D
- 0.18%
- 1M
- 0.58%
- YTD
- -0.55%
- 6M
- 0.78%
- 1Y
- 4.50%
- 3Y*
- 7.44%
- 5Y*
- —
- 10Y*
- —
HYGH
- 1D
- 0.28%
- 1M
- 0.25%
- YTD
- 0.64%
- 6M
- 2.16%
- 1Y
- 7.68%
- 3Y*
- 9.43%
- 5Y*
- 6.55%
- 10Y*
- 6.47%
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BRLN vs. HYGH - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is higher than HYGH's 0.53% expense ratio.
Return for Risk
BRLN vs. HYGH — Risk / Return Rank
BRLN
HYGH
BRLN vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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 | HYGH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.08 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.39 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.18 | +0.19 |
Martin ratioReturn relative to average drawdown | 6.77 | 8.73 | -1.96 |
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 | HYGH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.08 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.12 | 0.54 | +1.58 |
Correlation
The correlation between BRLN and HYGH is 0.19, 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.
Dividends
BRLN vs. HYGH - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 6.60%, less than HYGH's 6.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.60% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.77% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
Drawdowns
BRLN vs. HYGH - Drawdown Comparison
The maximum BRLN drawdown since its inception was -3.85%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for BRLN and HYGH.
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Drawdown Indicators
| BRLN | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -23.88% | +20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -6.61% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.38% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -2.26% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.90% | -0.23% |
Volatility
BRLN vs. HYGH - Volatility Comparison
The current volatility for BlackRock Floating Rate Loan ETF (BRLN) is 1.30%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.85%. This indicates that BRLN experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRLN | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.85% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 2.97% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 7.11% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 7.06% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 8.39% | -4.61% |