XFLT vs. BRLN
XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock, while BRLN (BlackRock Floating Rate Loan ETF) is Bank Loan fund actively managed by BlackRock. Over the past 3 years, XFLT returned -6.60%/yr vs 6.90%/yr for BRLN. At a 0.12 correlation, their price movements are largely independent.
Performance
XFLT vs. BRLN - Performance Comparison
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Returns By Period
In the year-to-date period, XFLT achieves a -22.23% return, which is significantly lower than BRLN's 1.25% return.
XFLT
- 1D
- -0.06%
- 1M
- -7.61%
- YTD
- -22.23%
- 6M
- -19.20%
- 1Y
- -27.04%
- 3Y*
- -6.60%
- 5Y*
- -5.93%
- 10Y*
- —
BRLN
- 1D
- -0.31%
- 1M
- 0.60%
- YTD
- 1.25%
- 6M
- 1.66%
- 1Y
- 4.80%
- 3Y*
- 6.90%
- 5Y*
- —
- 10Y*
- —
XFLT vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -22.23% | -15.35% | 7.37% | 30.40% | 4.29% |
BRLN BlackRock Floating Rate Loan ETF | 1.25% | 5.38% | 7.49% | 13.42% | 1.66% |
Correlation
The correlation between XFLT and BRLN is 0.08, 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 (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022 | 0.12 |
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Return for Risk
XFLT vs. BRLN — Risk / Return Rank
XFLT
BRLN
XFLT vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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.
| XFLT | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.29 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.41 | -3.07 |
| Martin ratioReturn relative to average drawdown | -1.34 | 9.21 | -10.55 |
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Drawdowns
XFLT vs. BRLN - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.43%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for XFLT and BRLN.
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Drawdown Indicators
| XFLT | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -3.85% | -51.58% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -2.00% | -38.67% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | -3.85% | -43.19% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | — | — |
Current DrawdownCurrent decline from peak | -38.16% | -0.59% | -37.57% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -0.32% | -14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 0.52% | +19.66% |
Volatility
XFLT vs. BRLN - Volatility Comparison
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a higher volatility of 3.34% compared to BlackRock Floating Rate Loan ETF (BRLN) at 1.25%. This indicates that XFLT'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
| XFLT | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.25% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 2.41% | +15.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 3.18% | +17.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 3.75% | +17.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.12% | 3.75% | +22.37% |
Dividends
XFLT vs. BRLN - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 21.40%, more than BRLN's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.36% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 21.40% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% |
Frequently Asked Questions
XFLT and BRLN have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XFLT has higher volatility (3.34%) compared to BRLN (1.25%). In terms of maximum drawdown, XFLT dropped -55.43% vs BRLN's -3.85%.
BRLN currently has the higher Sharpe Ratio (1.52 vs -1.33), 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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