ECLN vs. BRLN
ECLN (First Trust EIP Carbon Impact ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - ECLN is a Utilities Equities fund actively managed by First Trust, while BRLN is a Bank Loan fund actively managed by BlackRock. Both are actively managed. Over the past 3 years, ECLN returned 17.15%/yr vs 7.36%/yr for BRLN. At a 0.06 correlation, their price movements are largely independent. ECLN charges 0.97%/yr vs 0.55%/yr for BRLN.
Performance
ECLN vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, ECLN achieves a 12.15% return, which is significantly higher than BRLN's 1.35% return.
ECLN
- 1D
- -0.07%
- 1M
- -2.95%
- YTD
- 12.15%
- 6M
- 10.16%
- 1Y
- 19.15%
- 3Y*
- 17.15%
- 5Y*
- 11.85%
- 10Y*
- —
BRLN
- 1D
- -0.21%
- 1M
- 0.94%
- YTD
- 1.35%
- 6M
- 2.23%
- 1Y
- 5.10%
- 3Y*
- 7.36%
- 5Y*
- —
- 10Y*
- —
ECLN vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECLN First Trust EIP Carbon Impact ETF | 12.15% | 16.78% | 22.60% | -3.36% | 5.47% |
BRLN BlackRock Floating Rate Loan ETF | 1.35% | 5.38% | 7.49% | 13.42% | 2.13% |
Correlation
The correlation between ECLN and BRLN is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.06 |
The correlation between ECLN and BRLN shifts across timeframes, from -0.12 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ECLN vs. BRLN — Risk / Return Rank
ECLN
BRLN
ECLN vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) and BlackRock Floating Rate Loan ETF (BRLN). 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.
| ECLN | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.56 | +1.27 |
| Martin ratioReturn relative to average drawdown | 10.36 | 9.95 | +0.41 |
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
| ECLN | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.68 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 2.19 | -1.52 |
Drawdowns
ECLN vs. BRLN - Drawdown Comparison
The maximum ECLN drawdown since its inception was -32.28%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for ECLN and BRLN.
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Drawdown Indicators
| ECLN | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -3.85% | -28.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -2.00% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -3.85% | -10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | — | — |
Current DrawdownCurrent decline from peak | -3.65% | -0.21% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -0.31% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.51% | +1.35% |
Volatility
ECLN vs. BRLN - Volatility Comparison
First Trust EIP Carbon Impact ETF (ECLN) has a higher volatility of 3.85% compared to BlackRock Floating Rate Loan ETF (BRLN) at 0.81%. This indicates that ECLN's price experiences larger fluctuations and is considered to be riskier than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECLN | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 0.81% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 2.24% | +5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 3.06% | +7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 3.73% | +10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 3.73% | +13.68% |
ECLN vs. BRLN - Expense Ratio Comparison
ECLN has a 0.97% expense ratio, which is higher than BRLN's 0.55% expense ratio.
Dividends
ECLN vs. BRLN - Dividend Comparison
ECLN's dividend yield for the trailing twelve months is around 1.83%, less than BRLN's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.35% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% |
ECLN First Trust EIP Carbon Impact ETF | 1.83% | 1.97% | 2.52% | 2.54% | 1.72% | 1.66% | 1.68% | 0.71% |
Frequently Asked Questions
ECLN and BRLN have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECLN has higher volatility (3.85%) compared to BRLN (0.81%). In terms of maximum drawdown, ECLN dropped -32.28% vs BRLN's -3.85%.
On 3-year performance, ECLN leads with 17.15% vs 7.36% for BRLN. On fees, BRLN is cheaper at 0.55% per year. On volatility, BRLN has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ECLN has performed better with a 17.15% return vs 7.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BRLN is cheaper with a 0.55% expense ratio, compared with 0.97% for ECLN.
BRLN has the higher dividend yield at 6.35%, compared with 1.83% for ECLN.
ECLN is categorized as Utilities Equities, while BRLN is Bank Loan. They also come from different issuers: First Trust and BlackRock. Their fees differ too: 0.97% for ECLN and 0.55% for BRLN.
ECLN currently has the higher Sharpe Ratio (1.83 vs 1.68), 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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