TACN vs. YCLO

Last updated Jul 30, 2026

TACN (T. Rowe Price Active Core International Equity ETF) and YCLO (Franklin BSP CLO ETF) are both exchange-traded funds - TACN is a Actively Managed fund actively managed by T. Rowe Price, while YCLO is a CLO fund actively managed by Franklin Templeton. Both are actively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. TACN charges 0.20%/yr vs 0.35%/yr for YCLO.

Performance

TACN vs. YCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Active Core International Equity ETF (TACN) and Franklin BSP CLO ETF (YCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TACN

• 1D: -0.46%
• 1M: 0.08%
• 6M: 4.64%
• YTD: 10.54%
• 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)
TACN T. Rowe Price Active Core International Equity ETF	$184.69K	$112.68K	$82.44K
YCLO Franklin BSP CLO ETF	$9.14K	$4.49K	$2.97K

TACN vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
TACN T. Rowe Price Active Core International Equity ETF	1.35%
YCLO Franklin BSP CLO ETF	1.04%

Correlation

The correlation between TACN and YCLO is -0.13, 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	-0.13

Return for Risk

TACN vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Active Core International Equity ETF (TACN) 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

TACN vs. YCLO - Drawdown Comparison

The maximum TACN drawdown since its inception was -10.98%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for TACN and YCLO.

Drawdown Indicators

	TACN	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-10.98%	-0.04%	-10.94%
Current Drawdown Current decline from peak	-1.53%	0.00%	-1.53%
Average Drawdown Average peak-to-trough decline	-2.32%	0.00%	-2.32%

Volatility

Volatility by Period

	TACN	YCLO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	0.43%	+16.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	0.43%	+16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	0.43%	+16.71%

TACN vs. YCLO - Expense Ratio Comparison

TACN has a 0.20% expense ratio, which is lower than YCLO's 0.35% expense ratio.

Dividends

TACN vs. YCLO - Dividend Comparison

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

Position	TTM
TACN T. Rowe Price Active Core International Equity ETF	0.00%
YCLO Franklin BSP CLO ETF	0.31%

Frequently Asked Questions

Can I hold both TACN and YCLO in my portfolio?

TACN and YCLO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TACN or YCLO?

On fees, TACN is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TACN or YCLO?

TACN is cheaper with a 0.20% expense ratio, compared with 0.35% for YCLO.

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

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

What is the main difference between TACN and YCLO?

TACN is categorized as Actively Managed, while YCLO is CLO. They also come from different issuers: T. Rowe Price and Franklin Templeton. Their fees differ too: 0.20% for TACN and 0.35% for YCLO.