JBBB vs. YCLO

Last updated Jul 17, 2026

JBBB (Janus Henderson B-BBB CLO ETF) and YCLO (Franklin BSP CLO ETF) are both CLO funds. Both are actively managed. At a correlation of -0.20, they often move in opposite directions.

Performance

JBBB vs. YCLO - Performance Comparison

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

Returns By Period

JBBB

• 1D: 0.11%
• 1M: 0.47%
• 6M: 1.93%
• YTD: 2.53%
• 1Y: 5.24%
• 3Y*: 8.62%
• 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)

JBBB vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
JBBB Janus Henderson B-BBB CLO ETF	0.66%
YCLO Franklin BSP CLO ETF	0.86%

Correlation

The correlation between JBBB and YCLO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	-0.20

Return for Risk

JBBB vs. YCLO — Risk / Return Rank

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

JBBB

JBBB Risk / Return Rank: 58
JBBB Sharpe Ratio Rank: 55
JBBB Sortino Ratio Rank: 64
JBBB Omega Ratio Rank: 68
JBBB Calmar Ratio Rank: 52
JBBB Martin Ratio Rank: 52

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.

JBBB vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) 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.

	JBBB	YCLO	Difference
Sharpe ratio: Return per unit of total volatility	1.51	—	—
Sortino ratio: Return per unit of downside risk	2.39	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.14	—	—
Martin ratio: Return relative to average drawdown	7.15	—	—

Drawdowns

JBBB vs. YCLO - Drawdown Comparison

The maximum JBBB drawdown since its inception was -10.79%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for JBBB and YCLO.

Drawdown Indicators

	JBBB	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-10.79%	-0.04%	-10.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.35%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.02%	-0.08%
Average Drawdown Average peak-to-trough decline	-1.67%	-0.00%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	—	—

Volatility

Volatility by Period

	JBBB	YCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	0.47%	+3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.19%	0.47%	+4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.19%	0.47%	+4.72%

Dividends

JBBB vs. YCLO - Dividend Comparison

JBBB's dividend yield for the trailing twelve months is around 6.46%, more than YCLO's 0.31% yield.

Position	TTM	2025	2024	2023	2022
JBBB Janus Henderson B-BBB CLO ETF	6.46%	7.41%	7.65%	8.10%	5.03%
YCLO Franklin BSP CLO ETF	0.31%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JBBB and YCLO in my portfolio?

JBBB and YCLO have a correlation of -0.20, 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, JBBB or YCLO?

JBBB has the higher dividend yield at 6.46%, compared with 0.31% for YCLO.

What is the main difference between JBBB and YCLO?

They also come from different issuers: Janus Henderson and Franklin Templeton.