JXI vs. BRLN
JXI (iShares Global Utilities ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - JXI is a Utilities Equities fund tracking the S&P Global Utilities Index, while BRLN is a Bank Loan fund actively managed by BlackRock. JXI is passively managed, while BRLN is actively managed. Over the past 3 years, JXI returned 15.82%/yr vs 6.90%/yr for BRLN. At a 0.07 correlation, their price movements are largely independent. JXI charges 0.46%/yr vs 0.55%/yr for BRLN.
Performance
JXI vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, JXI achieves a 8.13% return, which is significantly higher than BRLN's 1.25% return.
JXI
- 1D
- 0.36%
- 1M
- -0.79%
- YTD
- 8.13%
- 6M
- 8.57%
- 1Y
- 17.57%
- 3Y*
- 15.82%
- 5Y*
- 10.30%
- 10Y*
- 9.49%
BRLN
- 1D
- -0.31%
- 1M
- 0.60%
- YTD
- 1.25%
- 6M
- 1.66%
- 1Y
- 4.80%
- 3Y*
- 6.90%
- 5Y*
- —
- 10Y*
- —
JXI vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JXI iShares Global Utilities ETF | 8.13% | 25.91% | 13.14% | 0.63% | 8.54% |
BRLN BlackRock Floating Rate Loan ETF | 1.25% | 5.38% | 7.49% | 13.42% | 1.66% |
Correlation
The correlation between JXI and BRLN is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022 | 0.07 |
The correlation between JXI and BRLN shifts across timeframes, from -0.10 (1 year) to 0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JXI vs. BRLN — Risk / Return Rank
JXI
BRLN
JXI vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Utilities ETF (JXI) 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.
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.
| JXI | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.41 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.28 | 9.21 | -2.93 |
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Drawdowns
JXI vs. BRLN - Drawdown Comparison
The maximum JXI drawdown since its inception was -50.23%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for JXI and BRLN.
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Drawdown Indicators
| JXI | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.23% | -3.85% | -46.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -2.00% | -6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.29% | -3.85% | -12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -0.59% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -0.32% | -12.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 0.52% | +2.28% |
Volatility
JXI vs. BRLN - Volatility Comparison
iShares Global Utilities ETF (JXI) has a higher volatility of 4.23% compared to BlackRock Floating Rate Loan ETF (BRLN) at 1.25%. This indicates that JXI'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
| JXI | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 1.25% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 2.41% | +8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 3.18% | +9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 3.75% | +11.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 3.75% | +13.23% |
JXI vs. BRLN - Expense Ratio Comparison
JXI has a 0.46% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
JXI vs. BRLN - Dividend Comparison
JXI's dividend yield for the trailing twelve months is around 2.44%, less than BRLN's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.36% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JXI iShares Global Utilities ETF | 2.44% | 2.56% | 3.02% | 3.58% | 3.13% | 2.78% | 2.65% | 3.43% | 3.16% | 3.62% | 4.77% | 3.78% |
Frequently Asked Questions
JXI and BRLN have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JXI has higher volatility (4.23%) compared to BRLN (1.25%). In terms of maximum drawdown, JXI dropped -50.23% vs BRLN's -3.85%.
On 3-year performance, JXI leads with 15.82% vs 6.90% for BRLN. On fees, JXI is cheaper at 0.46% per year. On volatility, BRLN has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JXI has performed better with a 15.82% return vs 6.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JXI is cheaper with a 0.46% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.36%, compared with 2.44% for JXI.
JXI is categorized as Utilities Equities, while BRLN is Bank Loan. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.46% for JXI and 0.55% for BRLN.
BRLN currently has the higher Sharpe Ratio (1.52 vs 1.37), 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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