YCLO vs. CLOA
YCLO (Franklin BSP CLO ETF) and CLOA (iShares AAA CLO Active ETF) are both CLO funds. Both are actively managed. At a correlation of -0.15, they often move in opposite directions.
Performance
YCLO vs. CLOA - Performance Comparison
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Returns By Period
YCLO
- 1D
- 0.04%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOA
- 1D
- -0.04%
- 1M
- 0.24%
- YTD
- 2.25%
- 6M
- 2.26%
- 1Y
- 5.06%
- 3Y*
- 6.52%
- 5Y*
- —
- 10Y*
- —
YCLO vs. CLOA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
YCLO Franklin BSP CLO ETF | 0.48% |
CLOA iShares AAA CLO Active ETF | 0.18% |
Correlation
The correlation between YCLO and CLOA 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 (All Time) Calculated using the full available price history since Jun 4, 2026 | -0.16 |
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Return for Risk
YCLO vs. CLOA — Risk / Return Rank
YCLO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLOA
YCLO vs. CLOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin BSP CLO ETF (YCLO) and iShares AAA CLO Active ETF (CLOA). 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.
| YCLO | CLOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 28.80 | — |
| Martin ratioReturn relative to average drawdown | — | 146.36 | — |
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Drawdowns
YCLO vs. CLOA - Drawdown Comparison
The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum CLOA drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for YCLO and CLOA.
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Drawdown Indicators
| YCLO | CLOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -1.34% | +1.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.13% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -0.05% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
YCLO vs. CLOA - Volatility Comparison
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Volatility by Period
| YCLO | CLOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 0.69% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 1.30% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.42% | 1.30% | -0.88% |
Dividends
YCLO vs. CLOA - Dividend Comparison
YCLO has not paid dividends to shareholders, while CLOA's dividend yield for the trailing twelve months is around 4.95%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CLOA iShares AAA CLO Active ETF | 4.95% | 5.35% | 6.01% | 5.88% |
YCLO Franklin BSP CLO ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YCLO and CLOA 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.
CLOA has the higher dividend yield at 4.95%, compared with 0.00% for YCLO.
They also come from different issuers: Franklin Templeton and BlackRock.
Find the right allocation for YCLO and CLOA
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