YCLO vs. JBBB

Last updated Jul 17, 2026

YCLO (Franklin BSP CLO ETF) and JBBB (Janus Henderson B-BBB CLO ETF) are both CLO funds. Both are actively managed. At a correlation of -0.20, they often move in opposite directions.

Performance

YCLO vs. JBBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin BSP CLO ETF (YCLO) and Janus Henderson B-BBB CLO ETF (JBBB). 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*: —

JBBB

• 1D: 0.11%
• 1M: 0.47%
• 6M: 1.93%
• YTD: 2.53%
• 1Y: 5.24%
• 3Y*: 8.62%
• 5Y*: —
• 10Y*: —

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

YCLO vs. JBBB - Yearly Performance Comparison

	2026 (YTD)
YCLO Franklin BSP CLO ETF	0.86%
JBBB Janus Henderson B-BBB CLO ETF	0.66%

Correlation

The correlation between YCLO and JBBB is -0.20, 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	-0.20

Return for Risk

YCLO vs. JBBB — 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.

JBBB

JBBB Risk / Return Rank: 58
JBBB Sharpe Ratio Rank: 55
JBBB Sortino Ratio Rank: 64
JBBB Omega Ratio Rank: 68
JBBB Calmar Ratio Rank: 52
JBBB Martin Ratio Rank: 52

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. JBBB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP CLO ETF (YCLO) and Janus Henderson B-BBB CLO ETF (JBBB). 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	JBBB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.51	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.14	—
Martin ratio: Return relative to average drawdown	—	7.15	—

Drawdowns

YCLO vs. JBBB - Drawdown Comparison

The maximum YCLO drawdown since its inception was -0.04%, smaller than the maximum JBBB drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for YCLO and JBBB.

Drawdown Indicators

	YCLO	JBBB	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-10.79%	+10.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.35%	—
Current Drawdown Current decline from peak	-0.02%	-0.10%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.00%	-1.67%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.73%	—

Volatility

Volatility by Period

	YCLO	JBBB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.47%	3.50%	-3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.47%	5.19%	-4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.47%	5.19%	-4.72%

Dividends

YCLO vs. JBBB - Dividend Comparison

YCLO's dividend yield for the trailing twelve months is around 0.31%, less than JBBB's 6.46% yield.

Position	TTM	2025	2024	2023	2022
JBBB Janus Henderson B-BBB CLO ETF	6.46%	7.41%	7.65%	8.10%	5.03%
YCLO Franklin BSP CLO ETF	0.31%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YCLO and JBBB in my portfolio?

YCLO and JBBB have a correlation of -0.20, 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 JBBB?

JBBB has the higher dividend yield at 6.46%, compared with 0.31% for YCLO.

What is the main difference between YCLO and JBBB?

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