TFFI vs. YCLO

Last updated Jul 30, 2026

TFFI (Chesapeake Trend-Following Fixed Income ETF) and YCLO (Franklin BSP CLO ETF) are both exchange-traded funds - TFFI is a Actively Managed fund actively managed by Chesapeake, while YCLO is a CLO fund actively managed by Franklin Templeton. Both are actively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. TFFI charges 1.01%/yr vs 0.35%/yr for YCLO.

Performance

TFFI vs. YCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chesapeake Trend-Following Fixed Income ETF (TFFI) and Franklin BSP CLO ETF (YCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TFFI

• 1D: 0.07%
• 1M: 2.47%
• 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)
TFFI Chesapeake Trend-Following Fixed Income ETF	$53.00K	$107.09K	$129.10K
YCLO Franklin BSP CLO ETF	$9.14K	$4.49K	$2.97K

TFFI vs. YCLO - Yearly Performance Comparison

	2026 (YTD)
TFFI Chesapeake Trend-Following Fixed Income ETF	0.00%
YCLO Franklin BSP CLO ETF	1.04%

Correlation

The correlation between TFFI and YCLO is -0.03, 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	-0.03

Return for Risk

TFFI vs. YCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chesapeake Trend-Following Fixed Income ETF (TFFI) 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

TFFI vs. YCLO - Drawdown Comparison

The maximum TFFI drawdown since its inception was -4.23%, which is greater than YCLO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for TFFI and YCLO.

Drawdown Indicators

	TFFI	YCLO	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-0.04%	-4.19%
Current Drawdown Current decline from peak	-1.52%	0.00%	-1.52%
Average Drawdown Average peak-to-trough decline	-1.62%	0.00%	-1.62%

Volatility

Volatility by Period

	TFFI	YCLO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.75%	0.43%	+7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.75%	0.43%	+7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.75%	0.43%	+7.32%

TFFI vs. YCLO - Expense Ratio Comparison

TFFI has a 1.01% expense ratio, which is higher than YCLO's 0.35% expense ratio.

Dividends

TFFI vs. YCLO - Dividend Comparison

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

Position	TTM
TFFI Chesapeake Trend-Following Fixed Income ETF	0.00%
YCLO Franklin BSP CLO ETF	0.31%

Frequently Asked Questions

Can I hold both TFFI and YCLO in my portfolio?

TFFI and YCLO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TFFI 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, TFFI or YCLO?

YCLO is cheaper with a 0.35% expense ratio, compared with 1.01% for TFFI.

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

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

What is the main difference between TFFI and YCLO?

TFFI is categorized as Actively Managed, while YCLO is CLO. They also come from different issuers: Chesapeake and Franklin Templeton. Their fees differ too: 1.01% for TFFI and 0.35% for YCLO.