IAGG vs. BRLN
IAGG (iShares Core International Aggregate Bond ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - IAGG is a Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index, while BRLN is a Bank Loan fund actively managed by BlackRock. IAGG is passively managed, while BRLN is actively managed. Over the past 3 years, IAGG returned 4.55%/yr vs 7.18%/yr for BRLN. At a 0.05 correlation, their price movements are largely independent. IAGG charges 0.07%/yr vs 0.55%/yr for BRLN.
Performance
IAGG vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, IAGG achieves a 0.72% return, which is significantly lower than BRLN's 1.14% return.
IAGG
- 1D
- -0.14%
- 1M
- -0.18%
- YTD
- 0.72%
- 6M
- 0.87%
- 1Y
- 2.26%
- 3Y*
- 4.55%
- 5Y*
- 1.05%
- 10Y*
- 2.12%
BRLN
- 1D
- 0.35%
- 1M
- 0.60%
- YTD
- 1.14%
- 6M
- 1.72%
- 1Y
- 4.81%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
IAGG vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IAGG iShares Core International Aggregate Bond ETF | 0.72% | 3.26% | 4.51% | 8.49% | 0.30% |
BRLN BlackRock Floating Rate Loan ETF | 1.14% | 5.38% | 7.49% | 13.42% | 2.13% |
Correlation
The correlation between IAGG and BRLN is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.05 |
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Return for Risk
IAGG vs. BRLN — Risk / Return Rank
IAGG
BRLN
IAGG vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core International Aggregate Bond ETF (IAGG) 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.
| IAGG | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.41 | -1.43 |
| Martin ratioReturn relative to average drawdown | 2.91 | 9.32 | -6.42 |
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
| IAGG | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.54 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 2.16 | -1.54 |
Drawdowns
IAGG vs. BRLN - Drawdown Comparison
The maximum IAGG drawdown since its inception was -13.88%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for IAGG and BRLN.
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Drawdown Indicators
| IAGG | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -3.85% | -10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -2.00% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -2.32% | -3.85% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -13.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.88% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -0.42% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -0.31% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.52% | +0.26% |
Volatility
IAGG vs. BRLN - Volatility Comparison
iShares Core International Aggregate Bond ETF (IAGG) and BlackRock Floating Rate Loan ETF (BRLN) have volatilities of 1.09% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAGG | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.11% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 2.34% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 3.14% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 3.74% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 3.74% | +0.31% |
IAGG vs. BRLN - Expense Ratio Comparison
IAGG has a 0.07% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
IAGG vs. BRLN - Dividend Comparison
IAGG's dividend yield for the trailing twelve months is around 3.67%, less than BRLN's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.37% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 3.67% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
IAGG and BRLN have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRLN has higher volatility (1.11%) compared to IAGG (1.09%). In terms of maximum drawdown, IAGG dropped -13.88% vs BRLN's -3.85%.
On 3-year performance, BRLN leads with 7.18% vs 4.55% for IAGG. On fees, IAGG is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BRLN has performed better with a 7.18% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.37%, compared with 3.67% for IAGG.
IAGG is categorized as Global Bonds, while BRLN is Bank Loan. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.07% for IAGG and 0.55% for BRLN.
BRLN currently has the higher Sharpe Ratio (1.54 vs 0.80), 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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