USLN vs. MBSF

Last updated Jun 4, 2026

USLN (iShares Broad USD Floating Rate Loan ETF) and MBSF (Regan Floating Rate MBS ETF) are both Bank Loan funds. USLN is passively managed, while MBSF is actively managed. At a 0.07 correlation, their price movements are largely independent. USLN charges 0.43%/yr vs 0.49%/yr for MBSF.

Performance

USLN vs. MBSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD Floating Rate Loan ETF (USLN) and Regan Floating Rate MBS ETF (MBSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USLN

• 1D: -0.03%
• 1M: 0.53%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MBSF

• 1D: 0.12%
• 1M: -0.03%
• YTD: 1.48%
• 6M: 2.16%
• 1Y: 5.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USLN vs. MBSF - Yearly Performance Comparison

	2026 (YTD)
USLN iShares Broad USD Floating Rate Loan ETF	1.87%
MBSF Regan Floating Rate MBS ETF	0.28%

Correlation

The correlation between USLN and MBSF is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026	0.07

Return for Risk

USLN vs. MBSF — Risk / Return Rank

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

MBSF

MBSF Risk / Return Rank: 70
MBSF Sharpe Ratio Rank: 53
MBSF Sortino Ratio Rank: 59
MBSF Omega Ratio Rank: 55
MBSF Calmar Ratio Rank: 93
MBSF Martin Ratio Rank: 88

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.

USLN vs. MBSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Floating Rate Loan ETF (USLN) and Regan Floating Rate MBS ETF (MBSF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	USLN	MBSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.99	1.74	+1.25

Drawdowns

USLN vs. MBSF - Drawdown Comparison

The maximum USLN drawdown since its inception was -0.75%, smaller than the maximum MBSF drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for USLN and MBSF.

Drawdown Indicators

	USLN	MBSF	Difference
Max Drawdown Largest peak-to-trough decline	-0.75%	-0.97%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.79%	—
Current Drawdown Current decline from peak	-0.06%	-0.10%	+0.04%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.23%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.28%	—

Volatility

Volatility by Period

	USLN	MBSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.60%	3.01%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.60%	3.34%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.60%	3.34%	-0.74%

USLN vs. MBSF - Expense Ratio Comparison

USLN has a 0.43% expense ratio, which is lower than MBSF's 0.49% expense ratio.

Dividends

USLN vs. MBSF - Dividend Comparison

USLN's dividend yield for the trailing twelve months is around 1.54%, less than MBSF's 4.49% yield.

Position	TTM	2025	2024
MBSF Regan Floating Rate MBS ETF	4.49%	4.71%	4.14%
USLN iShares Broad USD Floating Rate Loan ETF	1.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USLN and MBSF in my portfolio?

USLN and MBSF have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USLN or MBSF?

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.

Which ETF is cheaper, USLN or MBSF?

USLN is cheaper with a 0.43% expense ratio, compared with 0.49% for MBSF.

Which ETF pays a higher dividend yield, USLN or MBSF?

MBSF has the higher dividend yield at 4.49%, compared with 1.54% for USLN.

What is the main difference between USLN and MBSF?

They also come from different issuers: iShares and Regan. Their fees differ too: 0.43% for USLN and 0.49% for MBSF.