YCLO vs. FLCH

Last updated Jul 1, 2026

YCLO (Franklin BSP CLO ETF) and FLCH (Franklin FTSE China ETF) are both exchange-traded funds - YCLO is a CLO fund actively managed by Franklin Templeton, while FLCH is a China Equities fund tracking the FTSE China RIC Capped Index. YCLO is actively managed, while FLCH is passively managed. At a correlation of -0.11, they often move in opposite directions.

Performance

YCLO vs. FLCH - Performance Comparison

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

FLCH

• 1D: 0.36%
• 1M: -6.51%
• YTD: -13.63%
• 6M: -14.39%
• 1Y: -3.82%
• 3Y*: 8.03%
• 5Y*: -6.24%
• 10Y*: —

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

YCLO vs. FLCH - Yearly Performance Comparison

	2026 (YTD)
YCLO Franklin BSP CLO ETF	0.48%
FLCH Franklin FTSE China ETF	-7.82%

Correlation

The correlation between YCLO and FLCH is -0.11, 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	-0.11

Return for Risk

YCLO vs. FLCH — 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.

FLCH

FLCH Risk / Return Rank: 7
FLCH Sharpe Ratio Rank: 7
FLCH Sortino Ratio Rank: 7
FLCH Omega Ratio Rank: 7
FLCH Calmar Ratio Rank: 8
FLCH Martin Ratio Rank: 7

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. FLCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP CLO ETF (YCLO) and Franklin FTSE China ETF (FLCH). 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	FLCH	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.20	—
Sortino ratio: Return per unit of downside risk	—	-0.15	—
Omega ratio: Gain probability vs. loss probability	—	0.98	—
Calmar ratio: Return relative to maximum drawdown	—	-0.18	—
Martin ratio: Return relative to average drawdown	—	-0.43	—

Drawdowns

YCLO vs. FLCH - Drawdown Comparison

The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum FLCH drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for YCLO and FLCH.

Drawdown Indicators

	YCLO	FLCH	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-62.09%	+62.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-54.26%	—
Current Drawdown Current decline from peak	0.00%	-39.12%	+39.12%
Average Drawdown Average peak-to-trough decline	-0.00%	-30.57%	+30.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.83%	—

Volatility

Volatility by Period

	YCLO	FLCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.42%	19.27%	-18.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.42%	29.62%	-29.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.42%	27.84%	-27.42%

Dividends

YCLO vs. FLCH - Dividend Comparison

YCLO has not paid dividends to shareholders, while FLCH's dividend yield for the trailing twelve months is around 2.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCH Franklin FTSE China ETF	2.51%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%
YCLO Franklin BSP CLO ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YCLO and FLCH in my portfolio?

YCLO and FLCH have a correlation of -0.11, 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 FLCH?

FLCH has the higher dividend yield at 2.51%, compared with 0.00% for YCLO.

What is the main difference between YCLO and FLCH?

YCLO is categorized as CLO, while FLCH is China Equities.