ACLO vs. YCLO

Last updated Jul 15, 2026

ACLO (TCW AAA CLO ETF) and YCLO (Franklin BSP CLO ETF) are both CLO funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent.

Performance

ACLO vs. YCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW AAA CLO ETF (ACLO) and Franklin BSP CLO ETF (YCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACLO

• 1D: -0.01%
• 1M: 0.38%
• 6M: 2.40%
• YTD: 2.69%
• 1Y: 5.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCLO

• 1D: -0.02%
• 1M: 0.57%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACLO vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
ACLO TCW AAA CLO ETF	0.47%
YCLO Franklin BSP CLO ETF	0.82%

Correlation

The correlation between ACLO and YCLO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.28

Return for Risk

ACLO vs. YCLO — Risk / Return Rank

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

ACLO

ACLO Risk / Return Rank: 99
ACLO Sharpe Ratio Rank: 99
ACLO Sortino Ratio Rank: 99
ACLO Omega Ratio Rank: 99
ACLO Calmar Ratio Rank: 99
ACLO Martin Ratio Rank: 99

YCLO

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

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.

ACLO vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW AAA CLO ETF (ACLO) and Franklin BSP CLO ETF (YCLO). 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.

	ACLO	YCLO	Difference
Sharpe ratio: Return per unit of total volatility	7.12	—	—
Sortino ratio: Return per unit of downside risk	14.67	—	—
Omega ratio: Gain probability vs. loss probability	3.34	—	—
Calmar ratio: Return relative to maximum drawdown	19.26	—	—
Martin ratio: Return relative to average drawdown	162.73	—	—

Drawdowns

ACLO vs. YCLO - Drawdown Comparison

The maximum ACLO drawdown since its inception was -1.01%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for ACLO and YCLO.

Drawdown Indicators

	ACLO	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-0.04%	-0.97%
Max Drawdown (1Y) Largest decline over 1 year	-0.27%	—	—
Current Drawdown Current decline from peak	-0.01%	-0.02%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.00%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	—	—

Volatility

Volatility by Period

	ACLO	YCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	0.45%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.06%	0.45%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.06%	0.45%	+0.61%

Dividends

ACLO vs. YCLO - Dividend Comparison

ACLO's dividend yield for the trailing twelve months is around 4.90%, more than YCLO's 0.31% yield.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%
YCLO Franklin BSP CLO ETF	0.31%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACLO and YCLO in my portfolio?

ACLO and YCLO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, ACLO or YCLO?

ACLO has the higher dividend yield at 4.90%, compared with 0.31% for YCLO.

What is the main difference between ACLO and YCLO?

They also come from different issuers: TCW and Franklin Templeton.