PCLO vs. YCLO

Last updated Aug 4, 2026

PCLO (Virtus SEIX AAA Private Credit CLO ETF) and YCLO (Franklin BSP CLO ETF) are both CLO funds. Both are actively managed. Their 0.01 correlation means their historical movements had little consistent relationship. PCLO charges 0.29%/yr vs 0.35%/yr for YCLO.

Performance

PCLO vs. YCLO - Performance Comparison

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

Returns By Period

PCLO

• 1D: 0.00%
• 1M: 0.34%
• 6M: 2.19%
• YTD: 2.68%
• 1Y: 5.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.14%

YCLO

• 1D: 0.02%
• 1M: 0.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PCLO Virtus SEIX AAA Private Credit CLO ETF	$90.83K	$132.76K	$166.26K
YCLO Franklin BSP CLO ETF	$3.40K	$4.47K	$2.77K

PCLO vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
PCLO Virtus SEIX AAA Private Credit CLO ETF	0.70%
YCLO Franklin BSP CLO ETF	1.09%

Correlation

The correlation between PCLO and YCLO is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.01

Return for Risk

PCLO vs. YCLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PCLO

PCLO Risk / Return Rank: 99
PCLO Sharpe Ratio Rank: 99
PCLO Sortino Ratio Rank: 99
PCLO Omega Ratio Rank: 99
PCLO Calmar Ratio Rank: 99
PCLO 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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PCLO vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus SEIX AAA Private Credit CLO ETF (PCLO) 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.

	PCLO	YCLO	Difference
Sharpe ratio: Return per unit of total volatility	6.11	—	—
Sortino ratio: Return per unit of downside risk	11.23	—	—
Omega ratio: Gain probability vs. loss probability	2.70	—	—
Calmar ratio: Return relative to maximum drawdown	19.50	—	—
Martin ratio: Return relative to average drawdown	120.92	—	—

Drawdowns

PCLO vs. YCLO - Drawdown Comparison

The maximum PCLO drawdown since its inception was -0.76%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for PCLO and YCLO.

Drawdown Indicators

	PCLO	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-0.04%	-0.72%
Max Drawdown (1Y) Largest decline over 1 year	-0.26%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	0.00%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	—	—

Volatility

Volatility by Period

	PCLO	YCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.84%	0.42%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.12%	0.42%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.12%	0.42%	+0.70%

PCLO vs. YCLO - Expense Ratio Comparison

PCLO has a 0.29% expense ratio, which is lower than YCLO's 0.35% expense ratio.

Dividends

PCLO vs. YCLO - Dividend Comparison

PCLO's dividend yield for the trailing twelve months is around 5.19%, more than YCLO's 0.69% yield.

Position	TTM	2025	2024
PCLO Virtus SEIX AAA Private Credit CLO ETF	5.19%	5.53%	0.44%
YCLO Franklin BSP CLO ETF	0.69%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCLO and YCLO in my portfolio?

PCLO and YCLO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCLO or YCLO?

On fees, PCLO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCLO or YCLO?

PCLO is cheaper with a 0.29% expense ratio, compared with 0.35% for YCLO.

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

PCLO has the higher dividend yield at 5.19%, compared with 0.69% for YCLO.

What is the main difference between PCLO and YCLO?

They also come from different issuers: Virtus and Franklin Templeton. Their fees differ too: 0.29% for PCLO and 0.35% for YCLO.