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AAF First Priority CLO Bond ETF (AAA)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

CUSIP

53656F656

Issuer

Alternative Access Funds LLC

Inception Date

Sep 9, 2020

Region

North America (U.S.)

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Bond

Expense Ratio

AAA has an expense ratio of 0.25%, which is considered low compared to other funds.


Expense ratio chart for AAA: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
AAA vs. FLRT AAA vs. FLMX AAA vs. PULS AAA vs. AAAU AAA vs. VOO AAA vs. SPY AAA vs. GLD AAA vs. FTSL AAA vs. VCSH AAA vs. BIL
Popular comparisons:
AAA vs. FLRT AAA vs. FLMX AAA vs. PULS AAA vs. AAAU AAA vs. VOO AAA vs. SPY AAA vs. GLD AAA vs. FTSL AAA vs. VCSH AAA vs. BIL

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in AAF First Priority CLO Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
17.82%
74.49%
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)

Returns By Period

AAF First Priority CLO Bond ETF had a return of 6.71% year-to-date (YTD) and 6.92% in the last 12 months.


AAA

YTD

6.71%

1M

0.44%

6M

3.18%

1Y

6.92%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of AAA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.89%0.57%0.36%0.60%0.49%0.49%0.64%0.50%0.50%0.54%0.68%6.71%
20230.98%0.50%0.33%0.61%0.35%0.86%0.99%0.92%0.61%0.61%1.13%0.70%8.95%
2022-0.04%-0.42%-0.18%0.09%-1.33%-0.50%0.16%0.69%-0.52%0.22%1.18%0.82%0.15%
20210.30%-0.21%0.06%0.00%-0.03%0.18%0.09%0.09%0.02%0.04%0.24%0.08%0.86%
2020-0.44%0.01%0.49%0.26%0.32%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, AAA is among the top 2% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of AAA is 9898
Overall Rank
The Sharpe Ratio Rank of AAA is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of AAA is 9898
Sortino Ratio Rank
The Omega Ratio Rank of AAA is 9898
Omega Ratio Rank
The Calmar Ratio Rank of AAA is 9999
Calmar Ratio Rank
The Martin Ratio Rank of AAA is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for AAA, currently valued at 3.65, compared to the broader market0.002.004.003.652.10
The chart of Sortino ratio for AAA, currently valued at 6.15, compared to the broader market-2.000.002.004.006.008.0010.006.152.80
The chart of Omega ratio for AAA, currently valued at 1.81, compared to the broader market0.501.001.502.002.503.001.811.39
The chart of Calmar ratio for AAA, currently valued at 18.15, compared to the broader market0.005.0010.0015.0018.153.09
The chart of Martin ratio for AAA, currently valued at 70.08, compared to the broader market0.0020.0040.0060.0080.00100.0070.0813.49
AAA
^GSPC

The current AAF First Priority CLO Bond ETF Sharpe ratio is 3.65. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of AAF First Priority CLO Bond ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
3.65
2.10
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)

Dividends

Dividend History

AAF First Priority CLO Bond ETF provided a 6.21% dividend yield over the last twelve months, with an annual payout of $1.56 per share. The fund has been increasing its distributions for 3 consecutive years.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.50$1.00$1.502020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020
Dividend$1.56$1.53$0.68$0.27$0.08

Dividend yield

6.21%6.12%2.78%1.06%0.32%

Monthly Dividends

The table displays the monthly dividend distributions for AAF First Priority CLO Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.12$0.13$0.14$0.12$0.15$0.13$0.15$0.13$0.13$0.13$0.11$0.00$1.43
2023$0.00$0.11$0.24$0.00$0.12$0.13$0.12$0.28$0.00$0.13$0.14$0.26$1.53
2022$0.00$0.02$0.02$0.02$0.03$0.04$0.04$0.06$0.08$0.07$0.09$0.21$0.68
2021$0.00$0.02$0.04$0.00$0.03$0.02$0.02$0.04$0.00$0.02$0.02$0.04$0.27
2020$0.01$0.02$0.05$0.08

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember0
-2.62%
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the AAF First Priority CLO Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AAF First Priority CLO Bond ETF was 2.63%, occurring on Jul 6, 2022. Recovery took 123 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-2.63%Dec 17, 2021137Jul 6, 2022123Dec 29, 2022260
-0.66%Feb 23, 202319Mar 21, 202312Apr 6, 202331
-0.65%Sep 10, 202041Nov 5, 202011Nov 20, 202052
-0.47%Dec 1, 20231Dec 1, 20233Dec 6, 20234
-0.38%Aug 2, 20244Aug 7, 20244Aug 13, 20248

Volatility

Volatility Chart

The current AAF First Priority CLO Bond ETF volatility is 0.54%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.54%
3.79%
AAA (AAF First Priority CLO Bond ETF)
Benchmark (^GSPC)
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The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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