REZ vs. BRLN
REZ (iShares Residential Real Estate ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while BRLN is a Bank Loan fund actively managed by BlackRock. REZ is passively managed, while BRLN is actively managed. Over the past 3 years, REZ returned 9.61%/yr vs 7.18%/yr for BRLN. At a 0.11 correlation, their price movements are largely independent. REZ charges 0.48%/yr vs 0.55%/yr for BRLN.
Performance
REZ vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 8.03% return, which is significantly higher than BRLN's 1.14% return.
REZ
- 1D
- -1.64%
- 1M
- -2.07%
- YTD
- 8.03%
- 6M
- 6.75%
- 1Y
- 10.29%
- 3Y*
- 9.61%
- 5Y*
- 3.77%
- 10Y*
- 6.63%
BRLN
- 1D
- 0.35%
- 1M
- 0.60%
- YTD
- 1.14%
- 6M
- 1.72%
- 1Y
- 4.81%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
REZ vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 8.03% | 4.80% | 12.73% | 10.97% | -0.84% |
BRLN BlackRock Floating Rate Loan ETF | 1.14% | 5.38% | 7.49% | 13.42% | 2.13% |
Correlation
The correlation between REZ 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 | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.11 |
The correlation between REZ and BRLN shifts across timeframes, from -0.02 (1 year) to 0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
REZ vs. BRLN — Risk / Return Rank
REZ
BRLN
REZ vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.
| REZ | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.41 | -1.23 |
| Martin ratioReturn relative to average drawdown | 3.59 | 9.32 | -5.74 |
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
| REZ | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.54 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 2.16 | -1.92 |
Drawdowns
REZ vs. BRLN - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for REZ and BRLN.
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Drawdown Indicators
| REZ | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -3.85% | -63.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -2.00% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -3.85% | -14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | — | — |
Current DrawdownCurrent decline from peak | -3.16% | -0.42% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -12.68% | -0.31% | -12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 0.52% | +2.35% |
Volatility
REZ vs. BRLN - Volatility Comparison
iShares Residential Real Estate ETF (REZ) has a higher volatility of 4.85% compared to BlackRock Floating Rate Loan ETF (BRLN) at 1.11%. This indicates that REZ'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
| REZ | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 1.11% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 2.34% | +8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 3.14% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 3.74% | +15.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 3.74% | +17.79% |
REZ vs. BRLN - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
REZ vs. BRLN - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.13%, 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% |
REZ iShares Residential Real Estate ETF | 2.13% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
REZ 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.
REZ has higher volatility (4.85%) compared to BRLN (1.11%). In terms of maximum drawdown, REZ dropped -66.87% vs BRLN's -3.85%.
On 3-year performance, REZ leads with 9.61% vs 7.18% for BRLN. On fees, REZ is cheaper at 0.48% per year. On volatility, BRLN has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, REZ has performed better with a 9.61% return vs 7.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REZ is cheaper with a 0.48% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.37%, compared with 2.13% for REZ.
REZ is categorized as REIT, while BRLN is Bank Loan. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.48% for REZ and 0.55% for BRLN.
BRLN currently has the higher Sharpe Ratio (1.54 vs 0.71), 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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