STEN vs. BRTR
STEN (iShares Large Cap 10% Target Buffer Sep ETF) and BRTR (Blackrock Total Return ETF) are both exchange-traded funds - STEN is a Defined Outcome fund actively managed by BlackRock, while BRTR is a Intermediate Core-Plus Bond fund actively managed by BlackRock. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. STEN charges 0.50%/yr vs 0.38%/yr for BRTR.
Performance
STEN vs. BRTR - Performance Comparison
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Returns By Period
In the year-to-date period, STEN achieves a 8.76% return, which is significantly higher than BRTR's 0.32% return.
STEN
- 1D
- 0.28%
- 1M
- 2.21%
- 6M
- 7.40%
- YTD
- 8.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRTR
- 1D
- -0.09%
- 1M
- -0.35%
- 6M
- -0.04%
- YTD
- 0.32%
- 1Y
- 4.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STEN vs. BRTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STEN iShares Large Cap 10% Target Buffer Sep ETF | 8.76% | 2.36% |
BRTR Blackrock Total Return ETF | 0.32% | 1.27% |
Correlation
The correlation between STEN and BRTR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.36 |
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Return for Risk
STEN vs. BRTR — Risk / Return Rank
STEN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRTR
STEN vs. BRTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap 10% Target Buffer Sep ETF (STEN) and Blackrock Total Return ETF (BRTR). 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.
| STEN | BRTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.30 | — |
| Martin ratioReturn relative to average drawdown | — | 3.65 | — |
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Drawdowns
STEN vs. BRTR - Drawdown Comparison
The maximum STEN drawdown since its inception was -6.21%, which is greater than BRTR's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for STEN and BRTR.
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Drawdown Indicators
| STEN | BRTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.21% | -5.07% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.76% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -1.36% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.16% | — |
Volatility
STEN vs. BRTR - Volatility Comparison
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Volatility by Period
| STEN | BRTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 3.67% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 4.66% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 4.66% | +4.62% |
STEN vs. BRTR - Expense Ratio Comparison
STEN has a 0.50% expense ratio, which is higher than BRTR's 0.38% expense ratio.
Dividends
STEN vs. BRTR - Dividend Comparison
STEN's dividend yield for the trailing twelve months is around 0.29%, less than BRTR's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BRTR Blackrock Total Return ETF | 4.72% | 4.86% | 5.58% | 0.22% |
STEN iShares Large Cap 10% Target Buffer Sep ETF | 0.29% | 0.31% | 0.00% | 0.00% |
Frequently Asked Questions
STEN and BRTR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRTR is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRTR is cheaper with a 0.38% expense ratio, compared with 0.50% for STEN.
BRTR has the higher dividend yield at 4.72%, compared with 0.29% for STEN.
STEN is categorized as Defined Outcome, while BRTR is Intermediate Core-Plus Bond. Their fees differ too: 0.50% for STEN and 0.38% for BRTR.
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