KGLD vs. BRLN

Last updated Jun 4, 2026

KGLD (Kurv Gold Enhanced Income ETF ) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - KGLD is a Derivative Income fund actively managed by Kurv, while BRLN is a Bank Loan fund actively managed by BlackRock. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. KGLD charges 1.00%/yr vs 0.55%/yr for BRLN.

Performance

KGLD vs. BRLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Gold Enhanced Income ETF (KGLD) and BlackRock Floating Rate Loan ETF (BRLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KGLD achieves a 2.99% return, which is significantly higher than BRLN's 1.35% return.

KGLD

• 1D: -1.05%
• 1M: -1.84%
• YTD: 2.99%
• 6M: 5.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRLN

• 1D: -0.21%
• 1M: 0.94%
• YTD: 1.35%
• 6M: 2.23%
• 1Y: 5.10%
• 3Y*: 7.36%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KGLD vs. BRLN - Yearly Performance Comparison

	2026 (YTD)	2025
KGLD Kurv Gold Enhanced Income ETF	2.99%	29.75%
BRLN BlackRock Floating Rate Loan ETF	1.35%	2.43%

Correlation

The correlation between KGLD and BRLN is -0.03, 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 (All Time) Calculated using the full available price history since Jul 9, 2025	-0.03

Return for Risk

KGLD vs. BRLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRLN

BRLN Risk / Return Rank: 52
BRLN Sharpe Ratio Rank: 48
BRLN Sortino Ratio Rank: 53
BRLN Omega Ratio Rank: 51
BRLN Calmar Ratio Rank: 51
BRLN Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KGLD vs. BRLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KGLD	BRLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	2.19	-0.87

Drawdowns

KGLD vs. BRLN - Drawdown Comparison

The maximum KGLD drawdown since its inception was -20.29%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for KGLD and BRLN.

Drawdown Indicators

	KGLD	BRLN	Difference
Max Drawdown Largest peak-to-trough decline	-20.29%	-3.85%	-16.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.85%	—
Current Drawdown Current decline from peak	-19.40%	-0.21%	-19.19%
Average Drawdown Average peak-to-trough decline	-6.10%	-0.31%	-5.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.51%	—

Volatility

Volatility by Period

	KGLD	BRLN	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	28.72%	3.06%	+25.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	3.73%	+24.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	3.73%	+24.99%

KGLD vs. BRLN - Expense Ratio Comparison

KGLD has a 1.00% expense ratio, which is higher than BRLN's 0.55% expense ratio.

Dividends

KGLD vs. BRLN - Dividend Comparison

KGLD's dividend yield for the trailing twelve months is around 12.64%, more than BRLN's 6.35% yield.

Position	TTM	2025	2024	2023	2022
BRLN BlackRock Floating Rate Loan ETF	6.35%	6.50%	7.87%	9.06%	1.48%
KGLD Kurv Gold Enhanced Income ETF	12.64%	4.59%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KGLD and BRLN in my portfolio?

KGLD and BRLN have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KGLD or BRLN?

On fees, BRLN is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KGLD or BRLN?

BRLN is cheaper with a 0.55% expense ratio, compared with 1.00% for KGLD.

Which ETF pays a higher dividend yield, KGLD or BRLN?

KGLD has the higher dividend yield at 12.64%, compared with 6.35% for BRLN.

What is the main difference between KGLD and BRLN?

KGLD is categorized as Derivative Income, while BRLN is Bank Loan. They also come from different issuers: Kurv and BlackRock. Their fees differ too: 1.00% for KGLD and 0.55% for BRLN.