LVLN vs. BRLN
LVLN (SPDR S&P Leveraged Loan ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both Bank Loan funds. LVLN is passively managed, while BRLN is actively managed. Their 0.25 correlation means their historical movements had little consistent relationship. LVLN charges 0.40%/yr vs 0.55%/yr for BRLN.
Performance
LVLN vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, LVLN achieves a 1.92% return, which is significantly higher than BRLN's 1.41% return.
LVLN
- 1D
- 0.06%
- 1M
- 0.69%
- 6M
- 2.91%
- YTD
- 1.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BRLN
- 1D
- 0.25%
- 1M
- 0.73%
- 6M
- 2.07%
- YTD
- 1.41%
- 1Y
- 3.34%
- 3Y*
- 6.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $285.61K | $222.20K | $304.71K | |
| $51.94K | $53.51K | $267.34K |
LVLN vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LVLN SPDR S&P Leveraged Loan ETF | 1.92% | 1.14% |
BRLN BlackRock Floating Rate Loan ETF | 1.41% | 1.16% |
Correlation
The correlation between LVLN and BRLN is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.25 |
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Return for Risk
LVLN vs. BRLN — Risk / Return Rank
LVLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRLN
LVLN vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Leveraged Loan ETF (LVLN) 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.
| LVLN | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.67 | — |
| Martin ratioReturn relative to average drawdown | — | 5.76 | — |
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Drawdowns
LVLN vs. BRLN - Drawdown Comparison
The maximum LVLN drawdown since its inception was -2.34%, smaller than the maximum BRLN drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for LVLN and BRLN.
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Drawdown Indicators
| LVLN | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.34% | -3.85% | +1.51% |
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 | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -0.33% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.58% | — |
Volatility
LVLN vs. BRLN - Volatility Comparison
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Volatility by Period
| LVLN | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 3.30% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.58% | 3.78% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 3.78% | -1.20% |
LVLN vs. BRLN - Expense Ratio Comparison
LVLN has a 0.40% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
LVLN vs. BRLN - Dividend Comparison
LVLN's dividend yield for the trailing twelve months is around 4.89%, less than BRLN's 6.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.24% | 6.50% | 7.87% | 9.06% | 1.48% |
LVLN SPDR S&P Leveraged Loan ETF | 4.89% | 0.49% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LVLN and BRLN have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVLN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVLN is cheaper with a 0.40% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.24%, compared with 4.89% for LVLN.
They also come from different issuers: State Street and BlackRock. Their fees differ too: 0.40% for LVLN and 0.55% for BRLN.
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