BRLN vs. LVLN
BRLN (BlackRock Floating Rate Loan ETF) and LVLN (SPDR S&P Leveraged Loan ETF) are both Bank Loan funds. BRLN is actively managed, while LVLN is passively managed. Their 0.26 correlation means their historical movements had little consistent relationship. BRLN charges 0.55%/yr vs 0.40%/yr for LVLN.
Performance
BRLN vs. LVLN - 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 LVLN's 1.67% return.
BRLN
- 1D
- 0.31%
- 1M
- 0.51%
- 6M
- 1.60%
- YTD
- 1.35%
- 1Y
- 3.03%
- 3Y*
- 6.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.61%
LVLN
- 1D
- 0.10%
- 1M
- 0.38%
- 6M
- 1.78%
- YTD
- 1.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $262.31K | $209.25K | $308.57K | |
| $49.50K | $55.73K | $267.19K |
BRLN vs. LVLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 1.35% | 1.16% |
LVLN SPDR S&P Leveraged Loan ETF | 1.67% | 1.14% |
Correlation
The correlation between BRLN and LVLN is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.26 |
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Return for Risk
BRLN vs. LVLN — Risk / Return Rank
BRLN
LVLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRLN vs. LVLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and SPDR S&P Leveraged Loan ETF (LVLN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRLN | LVLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | — | — |
| Martin ratioReturn relative to average drawdown | 5.25 | — | — |
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Drawdowns
BRLN vs. LVLN - Drawdown Comparison
The maximum BRLN drawdown since its inception was -3.85%, which is greater than LVLN's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for BRLN and LVLN.
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Drawdown Indicators
| BRLN | LVLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -2.34% | -1.51% |
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 | -0.50% | -0.16% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -0.46% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | — | — |
Volatility
BRLN vs. LVLN - Volatility Comparison
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Volatility by Period
| BRLN | LVLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 2.59% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 2.59% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 2.59% | +1.19% |
BRLN vs. LVLN - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is higher than LVLN's 0.40% expense ratio.
Dividends
BRLN vs. LVLN - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 6.24%, more than LVLN's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.24% | 6.50% | 7.87% | 9.06% | 1.48% |
LVLN SPDR S&P Leveraged Loan ETF | 4.90% | 0.49% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRLN and LVLN have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVLN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVLN is cheaper with a 0.40% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.24%, compared with 4.90% for LVLN.
They also come from different issuers: BlackRock and State Street. Their fees differ too: 0.55% for BRLN and 0.40% for LVLN.
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