BRLN vs. USLN
BRLN (BlackRock Floating Rate Loan ETF) and USLN (iShares Broad USD Floating Rate Loan ETF) are both Bank Loan funds. BRLN is actively managed, while USLN is passively managed. At a 0.21 correlation, their price movements are largely independent. BRLN charges 0.55%/yr vs 0.43%/yr for USLN.
Performance
BRLN vs. USLN - Performance Comparison
Loading charts...
Returns By Period
BRLN
- 1D
- -0.21%
- 1M
- 0.94%
- YTD
- 1.35%
- 6M
- 2.23%
- 1Y
- 5.10%
- 3Y*
- 7.36%
- 5Y*
- —
- 10Y*
- —
USLN
- 1D
- -0.03%
- 1M
- 0.53%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRLN vs. USLN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BRLN BlackRock Floating Rate Loan ETF | 2.33% |
USLN iShares Broad USD Floating Rate Loan ETF | 1.87% |
Correlation
The correlation between BRLN and USLN is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRLN vs. USLN — Risk / Return Rank
BRLN
USLN
BRLN vs. USLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Loan ETF (BRLN) and iShares Broad USD Floating Rate Loan ETF (USLN). 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 | USLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | — | — |
| Martin ratioReturn relative to average drawdown | 9.95 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BRLN | USLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.19 | 2.99 | -0.80 |
Drawdowns
BRLN vs. USLN - Drawdown Comparison
The maximum BRLN drawdown since its inception was -3.85%, which is greater than USLN's maximum drawdown of -0.75%. Use the drawdown chart below to compare losses from any high point for BRLN and USLN.
Loading charts...
Drawdown Indicators
| BRLN | USLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -0.75% | -3.10% |
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 | -0.21% | -0.06% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -0.22% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | — | — |
Volatility
BRLN vs. USLN - Volatility Comparison
Loading charts...
Volatility by Period
| BRLN | USLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 2.60% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 2.60% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.73% | 2.60% | +1.13% |
BRLN vs. USLN - Expense Ratio Comparison
BRLN has a 0.55% expense ratio, which is higher than USLN's 0.43% expense ratio.
Dividends
BRLN vs. USLN - Dividend Comparison
BRLN's dividend yield for the trailing twelve months is around 6.35%, more than USLN's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.35% | 6.50% | 7.87% | 9.06% | 1.48% |
USLN iShares Broad USD Floating Rate Loan ETF | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRLN and USLN have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USLN is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USLN is cheaper with a 0.43% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.35%, compared with 1.54% for USLN.
They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.55% for BRLN and 0.43% for USLN.
Find the right allocation for BRLN and USLN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer