SNLN vs. BRLN
Compare and contrast key facts about Highland iBoxx Senior Loan ETF (SNLN) and BlackRock Floating Rate Loan ETF (BRLN).
SNLN and BRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SNLN is a passively managed fund by Highland Capital Management that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Nov 8, 2012. BRLN is an actively managed fund by Blackrock. It was launched on Oct 4, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SNLN or BRLN.
Key characteristics
| SNLN | BRLN |
|---|
Correlation
The correlation between SNLN and BRLN is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SNLN vs. BRLN - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SNLN vs. BRLN - Expense Ratio Comparison
SNLN has a 0.75% expense ratio, which is higher than BRLN's 0.55% expense ratio.
Risk-Adjusted Performance
SNLN vs. BRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Highland iBoxx Senior Loan ETF (SNLN) 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.
Dividends
SNLN vs. BRLN - Dividend Comparison
SNLN has not paid dividends to shareholders, while BRLN's dividend yield for the trailing twelve months is around 7.90%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNLN Highland iBoxx Senior Loan ETF | 0.00% | 8.22% | 4.88% | 2.83% | 3.21% | 4.72% | 5.03% | 4.75% | 4.36% | 4.36% | 4.41% | 5.30% |
BRLN BlackRock Floating Rate Loan ETF | 7.90% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SNLN vs. BRLN - Drawdown Comparison
Volatility
SNLN vs. BRLN - Volatility Comparison
The current volatility for Highland iBoxx Senior Loan ETF (SNLN) is 0.00%, while BlackRock Floating Rate Loan ETF (BRLN) has a volatility of 0.53%. This indicates that SNLN experiences smaller price fluctuations and is considered to be less risky than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.