YCLO vs. FAAA

Last updated Jul 17, 2026

YCLO (Franklin BSP CLO ETF) and FAAA (Fidelity AAA CLO ETF) are both CLO funds. Both are actively managed. At a correlation of -0.10, they often move in opposite directions.

Performance

YCLO vs. FAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin BSP CLO ETF (YCLO) and Fidelity AAA CLO ETF (FAAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YCLO

• 1D: -0.02%
• 1M: 0.65%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAAA

• 1D: 0.10%
• 1M: 0.54%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YCLO vs. FAAA - Yearly Performance Comparison

	2026 (YTD)
YCLO Franklin BSP CLO ETF	0.86%
FAAA Fidelity AAA CLO ETF	0.66%

Correlation

The correlation between YCLO and FAAA is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	-0.10

Return for Risk

YCLO vs. FAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP CLO ETF (YCLO) and Fidelity AAA CLO ETF (FAAA). 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

YCLO vs. FAAA - Drawdown Comparison

The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum FAAA drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for YCLO and FAAA.

Drawdown Indicators

	YCLO	FAAA	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-0.55%	+0.51%
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.06%	+0.06%

Volatility

Volatility by Period

	YCLO	FAAA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.47%	0.84%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.47%	0.84%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.47%	0.84%	-0.37%

Dividends

YCLO vs. FAAA - Dividend Comparison

YCLO's dividend yield for the trailing twelve months is around 0.31%, less than FAAA's 1.67% yield.

Position	TTM
FAAA Fidelity AAA CLO ETF	1.67%
YCLO Franklin BSP CLO ETF	0.31%

Frequently Asked Questions

Can I hold both YCLO and FAAA in my portfolio?

YCLO and FAAA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

FAAA has the higher dividend yield at 1.67%, compared with 0.31% for YCLO.

What is the main difference between YCLO and FAAA?

They also come from different issuers: Franklin Templeton and Fidelity.