CLOB vs. YCLO

Last updated Jul 14, 2026

CLOB (VanEck AA-BB CLO ETF) and YCLO (Franklin BSP CLO ETF) are both CLO funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions.

Performance

CLOB vs. YCLO - Performance Comparison

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

Returns By Period

CLOB

• 1D: -0.01%
• 1M: 0.28%
• 6M: 1.95%
• YTD: 2.29%
• 1Y: 5.71%
• 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)

CLOB vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
CLOB VanEck AA-BB CLO ETF	0.40%
YCLO Franklin BSP CLO ETF	0.84%

Correlation

The correlation between CLOB and YCLO is -0.09, 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	-0.09

Return for Risk

CLOB vs. YCLO — Risk / Return Rank

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

CLOB

CLOB Risk / Return Rank: 80
CLOB Sharpe Ratio Rank: 79
CLOB Sortino Ratio Rank: 81
CLOB Omega Ratio Rank: 88
CLOB Calmar Ratio Rank: 73
CLOB Martin Ratio Rank: 81

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.

CLOB vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck AA-BB CLO ETF (CLOB) 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.

	CLOB	YCLO	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.85	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	12.63	—	—

Drawdowns

CLOB vs. YCLO - Drawdown Comparison

The maximum CLOB drawdown since its inception was -5.54%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for CLOB and YCLO.

Drawdown Indicators

	CLOB	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-5.54%	-0.04%	-5.50%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	—	—
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.00%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	CLOB	YCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.89%	0.43%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	0.43%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	0.43%	+4.94%

Dividends

CLOB vs. YCLO - Dividend Comparison

CLOB's dividend yield for the trailing twelve months is around 6.32%, more than YCLO's 0.31% yield.

Position	TTM	2025	2024
CLOB VanEck AA-BB CLO ETF	6.32%	6.61%	1.65%
YCLO Franklin BSP CLO ETF	0.31%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLOB and YCLO in my portfolio?

CLOB and YCLO have a correlation of -0.09, 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, CLOB or YCLO?

CLOB has the higher dividend yield at 6.32%, compared with 0.31% for YCLO.

What is the main difference between CLOB and YCLO?

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