TYLD vs. BRLN

Last updated Jun 24, 2026

TYLD (Cambria Tactical Yield ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - TYLD is a fund fund actively managed by Cambria, while BRLN is a Bank Loan fund actively managed by BlackRock. Both are actively managed. Over the past year, TYLD returned 3.96% vs 4.80% for BRLN. At a 0.03 correlation, their price movements are largely independent. TYLD charges 0.59%/yr vs 0.55%/yr for BRLN.

Performance

TYLD vs. BRLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Tactical Yield ETF (TYLD) and BlackRock Floating Rate Loan ETF (BRLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYLD achieves a 1.68% return, which is significantly higher than BRLN's 1.25% return.

TYLD

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.68%
• 6M: 1.78%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRLN

• 1D: -0.31%
• 1M: 0.60%
• YTD: 1.25%
• 6M: 1.66%
• 1Y: 4.80%
• 3Y*: 6.90%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TYLD vs. BRLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TYLD Cambria Tactical Yield ETF	1.68%	4.05%	5.09%
BRLN BlackRock Floating Rate Loan ETF	1.25%	5.38%	7.62%

Correlation

The correlation between TYLD and BRLN is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	0.03

The correlation between TYLD and BRLN shifts across timeframes, from -0.12 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TYLD vs. BRLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TYLD

TYLD Risk / Return Rank: 99
TYLD Sharpe Ratio Rank: 98
TYLD Sortino Ratio Rank: 99
TYLD Omega Ratio Rank: 99
TYLD Calmar Ratio Rank: 99
TYLD Martin Ratio Rank: 99

BRLN

BRLN Risk / Return Rank: 50
BRLN Sharpe Ratio Rank: 46
BRLN Sortino Ratio Rank: 49
BRLN Omega Ratio Rank: 48
BRLN Calmar Ratio Rank: 52
BRLN Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TYLD vs. BRLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) 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.

	TYLD	BRLN	Difference
Sharpe ratio: Return per unit of total volatility	5.41	1.52	+3.89
Sortino ratio: Return per unit of downside risk	11.03	2.31	+8.72
Omega ratio: Gain probability vs. loss probability	2.59	1.29	+1.30
Calmar ratio: Return relative to maximum drawdown	33.51	2.41	+31.10
Martin ratio: Return relative to average drawdown	124.34	9.21	+115.13

TYLD vs. BRLN - Sharpe Ratio Comparison

The current TYLD Sharpe Ratio is 5.41, which is higher than the BRLN Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of TYLD and BRLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TYLD vs. BRLN - Drawdown Comparison

The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum BRLN drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for TYLD and BRLN.

Drawdown Indicators

	TYLD	BRLN	Difference
Max Drawdown Largest peak-to-trough decline	-1.06%	-3.85%	+2.79%
Max Drawdown (1Y) Largest decline over 1 year	-0.12%	-2.00%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.85%	—
Current Drawdown Current decline from peak	0.00%	-0.59%	+0.59%
Average Drawdown Average peak-to-trough decline	-0.10%	-0.32%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.52%	-0.49%

Volatility

TYLD vs. BRLN - Volatility Comparison

The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.15%, while BlackRock Floating Rate Loan ETF (BRLN) has a volatility of 1.25%. This indicates that TYLD 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.

Volatility by Period

	TYLD	BRLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	1.25%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	0.54%	2.41%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	0.74%	3.18%	-2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.75%	3.75%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.75%	3.75%	-2.00%

TYLD vs. BRLN - Expense Ratio Comparison

TYLD has a 0.59% expense ratio, which is higher than BRLN's 0.55% expense ratio.

Dividends

TYLD vs. BRLN - Dividend Comparison

TYLD's dividend yield for the trailing twelve months is around 3.74%, less than BRLN's 6.36% yield.

Position	TTM	2025	2024	2023	2022
BRLN BlackRock Floating Rate Loan ETF	6.36%	6.50%	7.87%	9.06%	1.48%
TYLD Cambria Tactical Yield ETF	3.74%	4.38%	4.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYLD and BRLN in my portfolio?

TYLD and BRLN have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYLD or BRLN?

BRLN has higher volatility (1.25%) compared to TYLD (0.15%). In terms of maximum drawdown, TYLD dropped -1.06% vs BRLN's -3.85%.

Which ETF is better, TYLD or BRLN?

On 1-year performance, BRLN leads with 4.80% vs 3.96% for TYLD. On fees, BRLN is cheaper at 0.55% per year. On volatility, TYLD has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYLD or BRLN?

Over the 1-year period, BRLN has performed better with a 4.80% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYLD or BRLN?

BRLN is cheaper with a 0.55% expense ratio, compared with 0.59% for TYLD.

Which ETF pays a higher dividend yield, TYLD or BRLN?

BRLN has the higher dividend yield at 6.36%, compared with 3.74% for TYLD.

What is the main difference between TYLD and BRLN?

They also come from different issuers: Cambria and BlackRock. Their fees differ too: 0.59% for TYLD and 0.55% for BRLN.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.41 vs 1.52), 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.