TENJ vs. BRLN
TENJ (iShares Large Cap 10% Target Buffer Jun ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - TENJ is a Defined Outcome fund actively managed by BlackRock, while BRLN is a Bank Loan fund actively managed by BlackRock. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. TENJ charges 0.50%/yr vs 0.55%/yr for BRLN.
Performance
TENJ vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, TENJ achieves a 7.91% return, which is significantly higher than BRLN's 1.57% return.
TENJ
- 1D
- -0.15%
- 1M
- 0.86%
- YTD
- 7.91%
- 6M
- 7.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRLN
- 1D
- -0.28%
- 1M
- 0.92%
- YTD
- 1.57%
- 6M
- 2.07%
- 1Y
- 5.30%
- 3Y*
- 7.01%
- 5Y*
- —
- 10Y*
- —
TENJ vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TENJ iShares Large Cap 10% Target Buffer Jun ETF | 7.91% | 2.22% |
BRLN BlackRock Floating Rate Loan ETF | 1.57% | 1.63% |
Correlation
The correlation between TENJ and BRLN is 0.13, 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 22, 2025 | 0.13 |
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Return for Risk
TENJ vs. BRLN — Risk / Return Rank
TENJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRLN
TENJ vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap 10% Target Buffer Jun ETF (TENJ) 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.
| TENJ | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 10.20 | — |
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Drawdowns
TENJ vs. BRLN - Drawdown Comparison
The maximum TENJ drawdown since its inception was -5.51%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for TENJ and BRLN.
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Drawdown Indicators
| TENJ | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.51% | -3.85% | -1.66% |
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 | -0.31% | -0.28% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -0.32% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.52% | — |
Volatility
TENJ vs. BRLN - Volatility Comparison
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Volatility by Period
| TENJ | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.48% | 3.17% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 3.75% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 3.75% | +4.73% |
TENJ vs. BRLN - Expense Ratio Comparison
TENJ has a 0.50% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
TENJ vs. BRLN - Dividend Comparison
TENJ's dividend yield for the trailing twelve months is around 0.26%, less than BRLN's 6.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.34% | 6.50% | 7.87% | 9.06% | 1.48% |
TENJ iShares Large Cap 10% Target Buffer Jun ETF | 0.26% | 0.28% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TENJ and BRLN have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TENJ is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TENJ is cheaper with a 0.50% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.34%, compared with 0.26% for TENJ.
TENJ is categorized as Defined Outcome, while BRLN is Bank Loan. Their fees differ too: 0.50% for TENJ and 0.55% for BRLN.
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