YCLO vs. JA

Last updated Jul 8, 2026

YCLO (Franklin BSP CLO ETF) and JA (Janus Henderson AA-A CLO ETF) are both CLO funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent.

Performance

YCLO vs. JA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin BSP CLO ETF (YCLO) and Janus Henderson AA-A CLO ETF (JA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YCLO

• 1D: 0.06%
• 1M: 0.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JA

• 1D: 0.00%
• 1M: 0.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YCLO vs. JA - Yearly Performance Comparison

	2026 (YTD)
YCLO Franklin BSP CLO ETF	0.72%
JA Janus Henderson AA-A CLO ETF	0.42%

Correlation

The correlation between YCLO and JA is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.36

Return for Risk

YCLO vs. JA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP CLO ETF (YCLO) and Janus Henderson AA-A CLO ETF (JA). 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. JA - Drawdown Comparison

The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum JA drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for YCLO and JA.

Drawdown Indicators

	YCLO	JA	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-0.51%	+0.47%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.05%	+0.05%

Volatility

Volatility by Period

	YCLO	JA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.44%	1.48%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.44%	1.48%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.44%	1.48%	-1.04%

Dividends

YCLO vs. JA - Dividend Comparison

YCLO's dividend yield for the trailing twelve months is around 0.31%, less than JA's 1.72% yield.

Position	TTM
JA Janus Henderson AA-A CLO ETF	1.72%
YCLO Franklin BSP CLO ETF	0.31%

Frequently Asked Questions

Can I hold both YCLO and JA in my portfolio?

YCLO and JA have a correlation of 0.36, 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 JA?

JA has the higher dividend yield at 1.72%, compared with 0.31% for YCLO.

What is the main difference between YCLO and JA?

They also come from different issuers: Franklin Templeton and Janus Henderson.