SASS vs. YCLO

Last updated Jul 30, 2026

SASS (M.D. Sass Concentrated Value ETF) and YCLO (Franklin BSP CLO ETF) are both exchange-traded funds - SASS is a Actively Managed fund actively managed by M.D. Sass, while YCLO is a CLO fund actively managed by Franklin Templeton. Both are actively managed. Their -0.29 correlation means they have often moved in opposite directions in the past. SASS charges 0.75%/yr vs 0.35%/yr for YCLO.

Performance

SASS vs. YCLO - Performance Comparison

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

Returns By Period

SASS

• 1D: -1.37%
• 1M: -4.85%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

YCLO

• 1D: 0.00%
• 1M: 0.59%
• 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)
SASS M.D. Sass Concentrated Value ETF	$3.15K	$3.55K	$81.95K
YCLO Franklin BSP CLO ETF	$9.14K	$4.49K	$2.97K

SASS vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
SASS M.D. Sass Concentrated Value ETF	-1.68%
YCLO Franklin BSP CLO ETF	1.04%

Correlation

The correlation between SASS and YCLO is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	-0.29

Return for Risk

SASS vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for M.D. Sass Concentrated Value ETF (SASS) 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

SASS vs. YCLO - Drawdown Comparison

The maximum SASS drawdown since its inception was -9.61%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for SASS and YCLO.

Drawdown Indicators

	SASS	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-9.61%	-0.04%	-9.57%
Current Drawdown Current decline from peak	-5.87%	0.00%	-5.87%
Average Drawdown Average peak-to-trough decline	-3.51%	0.00%	-3.51%

Volatility

Volatility by Period

	SASS	YCLO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.76%	0.43%	+16.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	0.43%	+16.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	0.43%	+16.33%

SASS vs. YCLO - Expense Ratio Comparison

SASS has a 0.75% expense ratio, which is higher than YCLO's 0.35% expense ratio.

Dividends

SASS vs. YCLO - Dividend Comparison

SASS has not paid dividends to shareholders, while YCLO's dividend yield for the trailing twelve months is around 0.31%.

Position	TTM
SASS M.D. Sass Concentrated Value ETF	0.00%
YCLO Franklin BSP CLO ETF	0.31%

Frequently Asked Questions

Can I hold both SASS and YCLO in my portfolio?

SASS and YCLO have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SASS or YCLO?

On fees, YCLO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SASS or YCLO?

YCLO is cheaper with a 0.35% expense ratio, compared with 0.75% for SASS.

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

YCLO has the higher dividend yield at 0.31%, compared with 0.00% for SASS.

What is the main difference between SASS and YCLO?

SASS is categorized as Actively Managed, while YCLO is CLO. They also come from different issuers: M.D. Sass and Franklin Templeton. Their fees differ too: 0.75% for SASS and 0.35% for YCLO.