USLN vs. BRLN
USLN (iShares Broad USD Floating Rate Loan ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both Bank Loan funds. USLN is passively managed, while BRLN is actively managed. Their 0.05 correlation means their historical movements had little consistent relationship. USLN charges 0.43%/yr vs 0.55%/yr for BRLN.
Performance
USLN vs. BRLN - Performance Comparison
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Returns By Period
USLN
- 1D
- 0.01%
- 1M
- 0.58%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BRLN
- 1D
- 0.15%
- 1M
- 0.20%
- 6M
- 1.53%
- YTD
- 1.04%
- 1Y
- 2.71%
- 3Y*
- 6.38%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $268.27K | $207.64K | $312.99K | |
| $9.52K | $7.17K | $13.33K |
USLN vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
USLN iShares Broad USD Floating Rate Loan ETF | 2.52% |
BRLN BlackRock Floating Rate Loan ETF | 2.78% |
Correlation
The correlation between USLN and BRLN is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 4, 2026 | 0.05 |
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Return for Risk
USLN vs. BRLN — Risk / Return Rank
USLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BRLN
USLN vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Floating Rate Loan ETF (USLN) 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.
| USLN | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.62 | — |
| Martin ratioReturn relative to average drawdown | — | 5.61 | — |
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Drawdowns
USLN vs. BRLN - Drawdown Comparison
The maximum USLN drawdown since its inception was -0.75%, smaller than the maximum BRLN drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for USLN and BRLN.
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Drawdown Indicators
| USLN | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.75% | -3.85% | +3.10% |
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 | 0.00% | -0.81% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.33% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.58% | — |
Volatility
USLN vs. BRLN - Volatility Comparison
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Volatility by Period
| USLN | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 3.31% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.23% | 3.78% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.23% | 3.78% | -1.55% |
USLN vs. BRLN - Expense Ratio Comparison
USLN has a 0.43% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
USLN vs. BRLN - Dividend Comparison
USLN's dividend yield for the trailing twelve months is around 2.13%, less than BRLN's 6.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 5.73% | 6.50% | 7.87% | 9.06% | 1.48% |
USLN iShares Broad USD Floating Rate Loan ETF | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USLN and BRLN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USLN is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USLN is cheaper with a 0.43% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 5.73%, compared with 2.13% for USLN.
They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.43% for USLN and 0.55% for BRLN.
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