YCLO vs. FGDL

Last updated Jul 1, 2026

YCLO (Franklin BSP CLO ETF) and FGDL (Franklin Responsibly Sourced Gold ETF) are both exchange-traded funds - YCLO is a CLO fund actively managed by Franklin Templeton, while FGDL is a Gold fund tracking the LBMA Gold Price PM ($/ozt). YCLO is actively managed, while FGDL is passively managed. At a correlation of -0.57, they often move in opposite directions.

Performance

YCLO vs. FGDL - Performance Comparison

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

Returns By Period

YCLO

• 1D: 0.04%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FGDL

• 1D: -0.04%
• 1M: -11.67%
• YTD: -7.34%
• 6M: -8.05%
• 1Y: 21.38%
• 3Y*: 27.65%
• 5Y*: —
• 10Y*: —

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

YCLO vs. FGDL - Yearly Performance Comparison

	2026 (YTD)
YCLO Franklin BSP CLO ETF	0.48%
FGDL Franklin Responsibly Sourced Gold ETF	-9.54%

Correlation

The correlation between YCLO and FGDL is -0.57, 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	-0.57

Return for Risk

YCLO vs. FGDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YCLO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FGDL

FGDL Risk / Return Rank: 22
FGDL Sharpe Ratio Rank: 23
FGDL Sortino Ratio Rank: 21
FGDL Omega Ratio Rank: 25
FGDL Calmar Ratio Rank: 20
FGDL Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YCLO vs. FGDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP CLO ETF (YCLO) and Franklin Responsibly Sourced Gold ETF (FGDL). 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	FGDL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.77	—
Sortino ratio: Return per unit of downside risk	—	1.12	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	0.81	—
Martin ratio: Return relative to average drawdown	—	2.16	—

Drawdowns

YCLO vs. FGDL - Drawdown Comparison

The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum FGDL drawdown of -26.48%. Use the drawdown chart below to compare losses from any high point for YCLO and FGDL.

Drawdown Indicators

	YCLO	FGDL	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-26.48%	+26.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.48%	—
Current Drawdown Current decline from peak	0.00%	-25.97%	+25.97%
Average Drawdown Average peak-to-trough decline	-0.00%	-4.18%	+4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.92%	—

Volatility

Volatility by Period

	YCLO	FGDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.42%	27.95%	-27.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.42%	19.38%	-18.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.42%	19.38%	-18.96%

Dividends

YCLO vs. FGDL - Dividend Comparison

Neither YCLO nor FGDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both YCLO and FGDL in my portfolio?

YCLO and FGDL have a correlation of -0.57, 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 FGDL?

YCLO and FGDL have nearly identical dividend yields, around 0.00%.

What is the main difference between YCLO and FGDL?

YCLO is categorized as CLO, while FGDL is Gold.