SECU vs. BCLO

Last updated Jun 25, 2026

SECU (iShares Securitized Income Active ETF) and BCLO (iShares BBB-B CLO Active ETF) are both exchange-traded funds - SECU is a Mortgage Backed Securities fund actively managed by iShares, while BCLO is a CLO fund tracking the JP Morgan CLOIE High Quality Mezzanine Index. SECU is actively managed, while BCLO is passively managed. At a correlation of -0.11, they often move in opposite directions. SECU charges 0.40%/yr vs 0.45%/yr for BCLO.

Performance

SECU vs. BCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Securitized Income Active ETF (SECU) and iShares BBB-B CLO Active ETF (BCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SECU

• 1D: 0.22%
• 1M: 0.83%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCLO

• 1D: -0.04%
• 1M: 0.49%
• YTD: 3.04%
• 6M: 3.10%
• 1Y: 6.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SECU vs. BCLO - Yearly Performance Comparison

	2026 (YTD)
SECU iShares Securitized Income Active ETF	1.73%
BCLO iShares BBB-B CLO Active ETF	2.33%

Correlation

The correlation between SECU and BCLO is -0.11, 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 Jan 26, 2026	-0.11

Return for Risk

SECU vs. BCLO — Risk / Return Rank

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

SECU

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

BCLO

BCLO Risk / Return Rank: 89
BCLO Sharpe Ratio Rank: 95
BCLO Sortino Ratio Rank: 97
BCLO Omega Ratio Rank: 97
BCLO Calmar Ratio Rank: 78
BCLO Martin Ratio Rank: 78

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.

SECU vs. BCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Securitized Income Active ETF (SECU) and iShares BBB-B CLO Active ETF (BCLO). 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.

	SECU	BCLO	Difference
Sharpe ratio: Return per unit of total volatility	—	3.43	—
Sortino ratio: Return per unit of downside risk	—	5.45	—
Omega ratio: Gain probability vs. loss probability	—	1.91	—
Calmar ratio: Return relative to maximum drawdown	—	3.59	—
Martin ratio: Return relative to average drawdown	—	13.26	—

Drawdowns

SECU vs. BCLO - Drawdown Comparison

The maximum SECU drawdown since its inception was -1.76%, smaller than the maximum BCLO drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for SECU and BCLO.

Drawdown Indicators

	SECU	BCLO	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-4.45%	+2.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.92%	—
Current Drawdown Current decline from peak	-0.18%	-0.04%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.39%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	SECU	BCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.30%	2.01%	+1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	4.30%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	4.30%	-1.00%

SECU vs. BCLO - Expense Ratio Comparison

SECU has a 0.40% expense ratio, which is lower than BCLO's 0.45% expense ratio.

Dividends

SECU vs. BCLO - Dividend Comparison

SECU's dividend yield for the trailing twelve months is around 2.09%, less than BCLO's 6.57% yield.

Position	TTM	2025
BCLO iShares BBB-B CLO Active ETF	6.57%	6.45%
SECU iShares Securitized Income Active ETF	2.09%	0.00%

Frequently Asked Questions

Can I hold both SECU and BCLO in my portfolio?

SECU and BCLO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SECU or BCLO?

On fees, SECU is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SECU or BCLO?

SECU is cheaper with a 0.40% expense ratio, compared with 0.45% for BCLO.

Which ETF pays a higher dividend yield, SECU or BCLO?

BCLO has the higher dividend yield at 6.57%, compared with 2.09% for SECU.

What is the main difference between SECU and BCLO?

SECU is categorized as Mortgage Backed Securities, while BCLO is CLO. Their fees differ too: 0.40% for SECU and 0.45% for BCLO.