BRLN vs. HYGI
BRLN (BlackRock Floating Rate Loan ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - BRLN is a Bank Loan fund actively managed by BlackRock, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. BRLN is actively managed, while HYGI is passively managed. At a 0.19 correlation, their price movements are largely independent. BRLN charges 0.55%/yr vs 0.52%/yr for HYGI.
Performance
BRLN vs. HYGI - Performance Comparison
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Returns By Period
BRLN
- 1D
- 0.35%
- 1M
- 0.60%
- YTD
- 1.14%
- 6M
- 1.72%
- 1Y
- 4.81%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRLN vs. HYGI - 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% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 11.71% | 2.25% |
Correlation
The correlation between BRLN and HYGI is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.19 |
The correlation between BRLN and HYGI shifts across timeframes, from 0.08 (1 year) to 0.20 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BRLN vs. HYGI — Risk / Return Rank
BRLN
HYGI
BRLN vs. HYGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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 | HYGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | — | — |
| Martin ratioReturn relative to average drawdown | 9.32 | — | — |
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 | HYGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.16 | — | — |
Drawdowns
BRLN vs. HYGI - Drawdown Comparison
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Drawdown Indicators
| BRLN | HYGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.31% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
BRLN vs. HYGI - Volatility Comparison
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Volatility by Period
| BRLN | HYGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | — | — |
BRLN vs. HYGI - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is higher than HYGI's 0.52% expense ratio.
Dividends
BRLN vs. HYGI - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 6.37%, while HYGI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.37% | 6.50% | 7.87% | 9.06% | 1.48% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.97% | 3.41% | 6.08% | 6.22% | 3.19% |
Frequently Asked Questions
BRLN and HYGI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGI is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGI is cheaper with a 0.52% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.37%, compared with 0.97% for HYGI.
BRLN is categorized as Bank Loan, while HYGI is Inflation-Protected Bonds. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.55% for BRLN and 0.52% for HYGI.
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