TYLD vs. BCLO
TYLD (Cambria Tactical Yield ETF) and BCLO (iShares BBB-B CLO Active ETF) are both exchange-traded funds - TYLD is a fund fund actively managed by Cambria, while BCLO is a CLO fund tracking the JP Morgan CLOIE High Quality Mezzanine Index. TYLD is actively managed, while BCLO is passively managed. Over the past year, TYLD returned 4.06% vs 6.72% for BCLO. At a correlation of -0.12, they often move in opposite directions. TYLD charges 0.59%/yr vs 0.45%/yr for BCLO.
Performance
TYLD vs. BCLO - Performance Comparison
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Returns By Period
In the year-to-date period, TYLD achieves a 1.50% return, which is significantly lower than BCLO's 2.79% return.
TYLD
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.50%
- 6M
- 1.92%
- 1Y
- 4.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCLO
- 1D
- 0.05%
- 1M
- 1.24%
- YTD
- 2.79%
- 6M
- 3.32%
- 1Y
- 6.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TYLD vs. BCLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TYLD Cambria Tactical Yield ETF | 1.50% | 3.87% |
BCLO iShares BBB-B CLO Active ETF | 2.79% | 5.43% |
Correlation
The correlation between TYLD and BCLO is -0.15, 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 (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2025 | -0.12 |
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Return for Risk
TYLD vs. BCLO — Risk / Return Rank
TYLD
BCLO
TYLD vs. BCLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) 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.
| TYLD | BCLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +5.64 | ||
| Omega ratioGain probability vs. loss probability | 2.55 | 1.86 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 34.31 | 3.52 | +30.79 |
| Martin ratioReturn relative to average drawdown | 125.35 | 13.00 | +112.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TYLD | BCLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.42 | 3.33 | +2.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.53 | 1.42 | +1.11 |
Drawdowns
TYLD vs. BCLO - Drawdown Comparison
The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum BCLO drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for TYLD and BCLO.
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Drawdown Indicators
| TYLD | BCLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.06% | -4.45% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -1.92% | +1.80% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.40% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.52% | -0.49% |
Volatility
TYLD vs. BCLO - Volatility Comparison
The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.26%, while iShares BBB-B CLO Active ETF (BCLO) has a volatility of 0.48%. This indicates that TYLD experiences smaller price fluctuations and is considered to be less risky than BCLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYLD | BCLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.48% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 1.65% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 2.03% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 4.39% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 4.39% | -2.62% |
TYLD vs. BCLO - Expense Ratio Comparison
TYLD has a 0.59% expense ratio, which is higher than BCLO's 0.45% expense ratio.
Dividends
TYLD vs. BCLO - Dividend Comparison
TYLD's dividend yield for the trailing twelve months is around 4.69%, less than BCLO's 6.59% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BCLO iShares BBB-B CLO Active ETF | 6.59% | 6.45% | 0.00% |
TYLD Cambria Tactical Yield ETF | 4.69% | 4.38% | 4.24% |
Frequently Asked Questions
TYLD and BCLO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCLO has higher volatility (0.48%) compared to TYLD (0.26%). In terms of maximum drawdown, TYLD dropped -1.06% vs BCLO's -4.45%.
On 1-year performance, BCLO leads with 6.72% vs 4.06% for TYLD. On fees, BCLO is cheaper at 0.45% per year. On volatility, TYLD has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BCLO has performed better with a 6.72% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCLO is cheaper with a 0.45% expense ratio, compared with 0.59% for TYLD.
BCLO has the higher dividend yield at 6.59%, compared with 4.69% for TYLD.
They also come from different issuers: Cambria and iShares. Their fees differ too: 0.59% for TYLD and 0.45% for BCLO.
TYLD currently has the higher Sharpe Ratio (5.42 vs 3.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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