VWO vs. BRLN
VWO (Vanguard FTSE Emerging Markets ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while BRLN is a Bank Loan fund actively managed by BlackRock. VWO is passively managed, while BRLN is actively managed. Over the past 3 years, VWO returned 16.22%/yr vs 7.18%/yr for BRLN. At a 0.16 correlation, their price movements are largely independent. VWO charges 0.08%/yr vs 0.55%/yr for BRLN.
Performance
VWO vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, VWO achieves a 8.50% return, which is significantly higher than BRLN's 1.14% return.
VWO
- 1D
- 0.52%
- 1M
- -3.65%
- YTD
- 8.50%
- 6M
- 9.73%
- 1Y
- 24.29%
- 3Y*
- 16.22%
- 5Y*
- 4.65%
- 10Y*
- 8.60%
BRLN
- 1D
- 0.35%
- 1M
- 0.60%
- YTD
- 1.14%
- 6M
- 1.72%
- 1Y
- 4.81%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
VWO vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VWO Vanguard FTSE Emerging Markets ETF | 8.50% | 25.60% | 10.59% | 9.25% | 4.56% |
BRLN BlackRock Floating Rate Loan ETF | 1.14% | 5.38% | 7.49% | 13.42% | 2.13% |
Correlation
The correlation between VWO and BRLN is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.16 |
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Return for Risk
VWO vs. BRLN — Risk / Return Rank
VWO
BRLN
VWO vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) 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.
| VWO | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.41 | -0.23 |
| Martin ratioReturn relative to average drawdown | 7.79 | 9.32 | -1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWO | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.54 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 2.16 | -1.89 |
Drawdowns
VWO vs. BRLN - Drawdown Comparison
The maximum VWO drawdown since its inception was -67.68%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for VWO and BRLN.
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Drawdown Indicators
| VWO | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -3.85% | -63.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -2.00% | -9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | -3.85% | -13.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -4.67% | -0.42% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -0.31% | -15.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 0.52% | +2.60% |
Volatility
VWO vs. BRLN - Volatility Comparison
Vanguard FTSE Emerging Markets ETF (VWO) has a higher volatility of 6.29% compared to BlackRock Floating Rate Loan ETF (BRLN) at 1.11%. This indicates that VWO's price experiences larger fluctuations and is considered to be riskier than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWO | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 1.11% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.80% | 2.34% | +11.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.37% | 3.14% | +13.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 3.74% | +13.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 3.74% | +15.49% |
VWO vs. BRLN - Expense Ratio Comparison
VWO has a 0.08% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
VWO vs. BRLN - Dividend Comparison
VWO's dividend yield for the trailing twelve months is around 2.49%, less than BRLN's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.37% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.49% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
VWO 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.
VWO has higher volatility (6.29%) compared to BRLN (1.11%). In terms of maximum drawdown, VWO dropped -67.68% vs BRLN's -3.85%.
On 3-year performance, VWO leads with 16.22% vs 7.18% for BRLN. On fees, VWO is cheaper at 0.08% per year. On volatility, BRLN has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VWO has performed better with a 16.22% return vs 7.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWO is cheaper with a 0.08% expense ratio, compared with 0.55% for BRLN.
BRLN has the higher dividend yield at 6.37%, compared with 2.49% for VWO.
VWO is categorized as Emerging Markets Equities, while BRLN is Bank Loan. They also come from different issuers: Vanguard and BlackRock. Their fees differ too: 0.08% for VWO and 0.55% for BRLN.
BRLN currently has the higher Sharpe Ratio (1.54 vs 1.49), 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.
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