YCLO vs. FCLO

Last updated Jul 17, 2026

YCLO (Franklin BSP CLO ETF) and FCLO (Fidelity CLO ETF) are both CLO funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent.

Performance

YCLO vs. FCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin BSP CLO ETF (YCLO) and Fidelity CLO ETF (FCLO). 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*: —

FCLO

• 1D: -0.10%
• 1M: 0.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YCLO vs. FCLO - Yearly Performance Comparison

	2026 (YTD)
YCLO Franklin BSP CLO ETF	0.86%
FCLO Fidelity CLO ETF	0.53%

Correlation

The correlation between YCLO and FCLO is 0.09, 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	0.09

Return for Risk

YCLO vs. FCLO - Risk-Adjusted Trends Comparison

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

The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum FCLO drawdown of -0.58%. Use the drawdown chart below to compare losses from any high point for YCLO and FCLO.

Drawdown Indicators

	YCLO	FCLO	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-0.58%	+0.54%
Current Drawdown Current decline from peak	-0.02%	-0.11%	+0.09%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.07%	+0.07%

Volatility

Volatility by Period

	YCLO	FCLO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.47%	1.29%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.47%	1.29%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.47%	1.29%	-0.82%

Dividends

YCLO vs. FCLO - Dividend Comparison

YCLO's dividend yield for the trailing twelve months is around 0.31%, less than FCLO's 2.04% yield.

Position	TTM
FCLO Fidelity CLO ETF	2.04%
YCLO Franklin BSP CLO ETF	0.31%

Frequently Asked Questions

Can I hold both YCLO and FCLO in my portfolio?

YCLO and FCLO have a correlation of 0.09, 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 FCLO?

FCLO has the higher dividend yield at 2.04%, compared with 0.31% for YCLO.

What is the main difference between YCLO and FCLO?

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