FCLO vs. YCLO

Last updated Jul 17, 2026

FCLO (Fidelity CLO ETF) and YCLO (Franklin BSP CLO ETF) are both CLO funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent.

Performance

FCLO vs. YCLO - Performance Comparison

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

Returns By Period

FCLO

• 1D: -0.10%
• 1M: 0.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCLO

• 1D: -0.02%
• 1M: 0.65%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCLO vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
FCLO Fidelity CLO ETF	0.53%
YCLO Franklin BSP CLO ETF	0.86%

Correlation

The correlation between FCLO 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

FCLO vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity CLO ETF (FCLO) 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.

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

Drawdowns

FCLO vs. YCLO - Drawdown Comparison

The maximum FCLO drawdown since its inception was -0.58%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for FCLO and YCLO.

Drawdown Indicators

	FCLO	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-0.58%	-0.04%	-0.54%
Current Drawdown Current decline from peak	-0.11%	-0.02%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.07%	-0.00%	-0.07%

Volatility

Volatility by Period

	FCLO	YCLO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	0.47%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	0.47%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.29%	0.47%	+0.82%

Dividends

FCLO vs. YCLO - Dividend Comparison

FCLO's dividend yield for the trailing twelve months is around 2.04%, more than YCLO's 0.31% yield.

Position	TTM
FCLO Fidelity CLO ETF	2.04%
YCLO Franklin BSP CLO ETF	0.31%

Frequently Asked Questions

Can I hold both FCLO and YCLO in my portfolio?

FCLO 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, FCLO or YCLO?

FCLO has the higher dividend yield at 2.04%, compared with 0.31% for YCLO.

What is the main difference between FCLO and YCLO?

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