BCLO vs. YCLO

Last updated Jul 14, 2026

BCLO (iShares BBB-B CLO Active ETF) and YCLO (Franklin BSP CLO ETF) are both CLO funds. BCLO is passively managed, while YCLO is actively managed. At a correlation of -0.00, they often move in opposite directions.

Performance

BCLO vs. YCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares BBB-B CLO Active ETF (BCLO) and Franklin BSP CLO ETF (YCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCLO

• 1D: 0.06%
• 1M: 0.02%
• 6M: 2.67%
• YTD: 3.00%
• 1Y: 6.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCLO

• 1D: 0.04%
• 1M: 0.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCLO vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
BCLO iShares BBB-B CLO Active ETF	0.20%
YCLO Franklin BSP CLO ETF	0.84%

Correlation

The correlation between BCLO and YCLO is -0.00, 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 Jun 4, 2026	-0.00

Return for Risk

BCLO vs. YCLO — Risk / Return Rank

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

BCLO

BCLO Risk / Return Rank: 89
BCLO Sharpe Ratio Rank: 95
BCLO Sortino Ratio Rank: 96
BCLO Omega Ratio Rank: 97
BCLO Calmar Ratio Rank: 78
BCLO Martin Ratio Rank: 79

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.

BCLO vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares BBB-B CLO Active ETF (BCLO) 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.

	BCLO	YCLO	Difference
Sharpe ratio: Return per unit of total volatility	3.06	—	—
Sortino ratio: Return per unit of downside risk	4.84	—	—
Omega ratio: Gain probability vs. loss probability	1.78	—	—
Calmar ratio: Return relative to maximum drawdown	3.24	—	—
Martin ratio: Return relative to average drawdown	11.94	—	—

Drawdowns

BCLO vs. YCLO - Drawdown Comparison

The maximum BCLO drawdown since its inception was -4.45%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for BCLO and YCLO.

Drawdown Indicators

	BCLO	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-4.45%	-0.04%	-4.41%
Max Drawdown (1Y) Largest decline over 1 year	-1.92%	—	—
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.38%	-0.00%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	—	—

Volatility

Volatility by Period

	BCLO	YCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	0.43%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.24%	0.43%	+3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.24%	0.43%	+3.81%

Dividends

BCLO vs. YCLO - Dividend Comparison

BCLO's dividend yield for the trailing twelve months is around 6.57%, more than YCLO's 0.31% yield.

Position	TTM	2025
BCLO iShares BBB-B CLO Active ETF	6.57%	6.45%
YCLO Franklin BSP CLO ETF	0.31%	0.00%

Frequently Asked Questions

Can I hold both BCLO and YCLO in my portfolio?

BCLO and YCLO have a correlation of -0.00, 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, BCLO or YCLO?

BCLO has the higher dividend yield at 6.57%, compared with 0.31% for YCLO.

What is the main difference between BCLO and YCLO?

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