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BRLNvsCALIETF Comparison

ETF 1
BRLN

iShares Floating Rate Loan Active ETF

This fund is part of
US Corporate HY Bonds
+0%
VS
ETF 2
CALI

iShares Short-Term California Muni Active ETF

This fund is part of
Municipal Bonds
+0%

iShares Floating Rate Loan Active ETF (BRLN) belongs to the US Corporate HY Bonds segment. iShares Short-Term California Muni Active ETF (CALI) is part of the Municipal Bonds segment. BRLN's top 3 sector exposures are Non-Corporate, Consumer Services and Healthcare. In contrast, CALI's top sector exposures are Municipal and Non-Corporate. BRLN is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.25% for CALI. BRLN is up 2.64% year-to-date (YTD) with -$5M in YTD flows. CALI performs worse with 1.25% YTD performance, and +$282M in YTD flows. Run a side-by-side ETF comparison of BRLN and CALI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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BRLN vs CALI performance and flow charts

Performance

0.00.20.40.60.8%Aug 4Aug 11Aug 18Aug 25Sep 1

Cumulative Flows

0 M10 M20 M30 M40 M50 MAug 4Aug 11Aug 18Aug 25Sep 1

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 09/04/2026
1M3MYTD1Y3Y5Y
Perf.
BRLN
CALI
+0.79%+0.13%
+1.54%+0.31%
+2.64%+1.25%
+4.67%+2.04%
+22.28%+9.29%
n/an/a
Flows
BRLN
CALI
-+$48M
-+$121M
-$5M+$282M
-$5M+$345M
+$34M+$479M
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
BRLN
CALI
+0.77%+0.52%
+1.28%+0.49%
+1.48%+0.70%
n/an/a
Max drawdown
BRLN
CALI
-0.24%-0.27%
-1.59%-0.47%
-2.52%-0.86%
n/an/a
Max drawdown duration
BRLN
CALI
11d31d
93d68d
64d47d
n/an/a
Trading data

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BRLN
CALI
Last sale
9/8/2026 at 1:30 PM
$50.80
$50.24
Previous close
09/04/2026
$50.89
$50.24
Consolidated volume
09/04/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
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Main metrics
Last update 9/8/2026 at 1:30 PM
Live
Closed
BRLN
CALI
Last price
$50.80
$50.24
1D performance
-0.18%
+0.00%
AuM$53.64 M$494.83 M
E/R0.63%0.25%
Characteristics
BRLN
CALI
Management strategyActiveActive
ProvideriSharesiShares
Benchmark--
N° of holdings188252
Asset class--
Trailing 12m distribution yield
Join
Join
Inception dateOctober 6, 2022July 11, 2023
ESGNoNo
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Exposure

Countries

BRLN
USA
17.18%
Other
82.82%
CALI
USA
26.97%
Other
73.03%

Sectors

BRLN
Non-Corporate
13.52%
Other
86.48%
CALI
Municipal
26.85%
Other
73.15%
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Diversification

BRLN

Total weight of top 15 holdings out of 15

22.62%
CALI

Total weight of top 15 holdings out of 15

25.35%

Top 15 holdings

Data as of July 31, 2026
BRLN
BlackRock Cash Funds - Treasury
13.52%
US43644ABL26
0.85%
US01957TAX54
0.71%
US08078UAQ67
0.69%
US96350TAH32
0.69%
US47077DAM20
0.68%
XAD9000BAJ17
0.67%
US90266UAM53
0.66%
US67123SAB51
0.64%
US00186XAQ60
0.63%
US37156QAZ90
0.61%
US01881UAN54
0.59%
US44332EAZ97
0.56%
US62937NBC02
0.56%
US89364MCA09
0.55%
CALI
US607804AC55
2.58%
Orange Water District, FRN 1aug2042, USD (2003A)
2.51%
US13063BCS97
2.23%
US13034DAH70
1.83%
US91412GSH91
1.69%
US13032UJ338
1.64%
Northern California Energy Authority, 5% 1dec2054, USD (2024)
1.61%
US072024C592
1.57%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
1.56%
US13048RAN70
1.47%
US130536RN77
1.36%
US88035F7U81
1.36%
US072024ZH86
1.33%
US59266TXN61
1.33%
US13013JDB98
1.28%
Frequently asked questions about BRLN and CALI

How have the BRLN and CALI ETFs performed in 2026?

As of September 4, 2026, BRLN is up 2.64% year-to-date (YTD), while CALI has returned 1.25%. That puts BRLN better performer ahead so far this year.

Which ETF is attracting more investor money: BRLN or CALI?

Year-to-date, the BRLN ETF saw -$5M in flows, compared to +$282M for CALI.

Which ETF is more volatile: BRLN or CALI?

Over the past year, BRLN had a volatility of 1.28%, while CALI experienced 0.49%.

Which ETF is bigger: BRLN or CALI?

As of September 4, 2026, BRLN holds $53.64 M in assets under management (AUM), while CALI manages $494.83 M.

What sectors do the BRLN and CALI ETFs invest in?

BRLN leans toward sectors like Non-Corporate. Meanwhile, CALI focuses on Municipal.

What are the top holdings of the BRLN ETF and CALI ETF?

BRLN top holdings include BlackRock Cash Funds - Treasury, US43644ABL26 and US01957TAX54. CALI holds in its top three: US607804AC55, Orange Water District, FRN 1aug2042, USD (2003A) and US13063BCS97.

Which ETF is more diversified: BRLN or CALI?

BRLN holds 2233 securities with 22.62% of its assets in the top 15. CALI has 198 securities and a top 15 weight of 25.35%.

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