YCLO vs. FLJP

Last updated Jul 21, 2026

YCLO (Franklin BSP CLO ETF) and FLJP (Franklin FTSE Japan ETF) are both exchange-traded funds - YCLO is a CLO fund actively managed by Franklin Templeton, while FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index. YCLO is actively managed, while FLJP is passively managed. At a correlation of -0.27, they often move in opposite directions.

Performance

YCLO vs. FLJP - Performance Comparison

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

Returns By Period

YCLO

• 1D: 0.02%
• 1M: 0.63%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FLJP

• 1D: 0.13%
• 1M: -5.35%
• 6M: 6.54%
• YTD: 12.75%
• 1Y: 31.34%
• 3Y*: 16.85%
• 5Y*: 8.88%
• 10Y*: —
• ALL TIME*: 7.51%

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

YCLO vs. FLJP - Yearly Performance Comparison

	2026 (YTD)
YCLO Franklin BSP CLO ETF	0.92%
FLJP Franklin FTSE Japan ETF	-2.99%

Correlation

The correlation between YCLO and FLJP is -0.27, 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	-0.27

Return for Risk

YCLO vs. FLJP — 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.

FLJP

FLJP Risk / Return Rank: 64
FLJP Sharpe Ratio Rank: 64
FLJP Sortino Ratio Rank: 63
FLJP Omega Ratio Rank: 66
FLJP Calmar Ratio Rank: 64
FLJP Martin Ratio Rank: 63

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. FLJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP CLO ETF (YCLO) and Franklin FTSE Japan ETF (FLJP). 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	FLJP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.57	—
Sortino ratio: Return per unit of downside risk	—	2.21	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.37	—
Martin ratio: Return relative to average drawdown	—	8.09	—

Drawdowns

YCLO vs. FLJP - Drawdown Comparison

The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum FLJP drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for YCLO and FLJP.

Drawdown Indicators

	YCLO	FLJP	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-32.49%	+32.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.30%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.49%	—
Current Drawdown Current decline from peak	0.00%	-5.95%	+5.95%
Average Drawdown Average peak-to-trough decline	-0.00%	-9.27%	+9.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.88%	—

Volatility

Volatility by Period

	YCLO	FLJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.45%	20.07%	-19.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.45%	17.99%	-17.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.45%	17.89%	-17.44%

Dividends

YCLO vs. FLJP - Dividend Comparison

YCLO's dividend yield for the trailing twelve months is around 0.31%, less than FLJP's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJP Franklin FTSE Japan ETF	4.37%	5.15%	4.56%	3.00%	1.92%	2.40%	1.51%	2.26%	1.50%	0.10%
YCLO Franklin BSP CLO ETF	0.31%	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 FLJP in my portfolio?

YCLO and FLJP have a correlation of -0.27, 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 FLJP?

FLJP has the higher dividend yield at 4.37%, compared with 0.31% for YCLO.

What is the main difference between YCLO and FLJP?

YCLO is categorized as CLO, while FLJP is Japan Equities.