BlackRock AAA CLO ETF (CLOA)
The fund aims to invest primarily in U.S. dollar-denominated CLOs rated AAA or equivalent, determined by the management team, with a potential for investment in CLOs of any maturity. It is non-diversified.
ETF Info
| CUSIP | 092528504 |
|---|---|
| Issuer | Blackrock |
| Inception Date | Jan 10, 2023 |
| Category | Ultrashort Bond |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Asset Class | Bond |
Expense Ratio
CLOA has an expense ratio of 0.20%, which is considered low compared to other funds.
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: CLOA vs. JBBB, CLOA vs. ICLO, CLOA vs. IBHE, CLOA vs. CLOI, CLOA vs. AAA, CLOA vs. PFFV, CLOA vs. LQDH, CLOA vs. VIG, CLOA vs. SEIX, CLOA vs. FSPGX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock AAA CLO ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock AAA CLO ETF had a return of 6.19% year-to-date (YTD) and 7.81% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.19% | 25.23% |
| 1 month | 0.50% | 3.86% |
| 6 months | 3.30% | 14.56% |
| 1 year | 7.81% | 36.29% |
| 5 years (annualized) | N/A | 14.10% |
| 10 years (annualized) | N/A | 11.37% |
Monthly Returns
The table below presents the monthly returns of CLOA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.86% | 0.59% | 0.40% | 0.73% | 0.72% | 0.49% | 0.60% | 0.47% | 0.53% | 0.41% | 6.19% | ||
| 2023 | 1.28% | -0.07% | 0.16% | 0.94% | 0.36% | 0.97% | 1.04% | 0.80% | 0.54% | 0.34% | 0.88% | 0.83% | 8.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CLOA is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock AAA CLO ETF provided a 6.14% dividend yield over the last twelve months, with an annual payout of $3.18 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $3.18 | $3.01 |
Dividend yield | 6.14% | 5.88% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock AAA CLO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.24 | $0.24 | $0.28 | $0.23 | $0.27 | $0.26 | $0.25 | $0.28 | $0.27 | $0.27 | $2.60 | |
| 2023 | $0.35 | $0.26 | $0.26 | $0.28 | $0.25 | $0.25 | $0.29 | $0.25 | $0.26 | $0.58 | $3.01 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock AAA CLO 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 BlackRock AAA CLO ETF was 1.34%, occurring on Mar 22, 2023. Recovery took 18 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.34% | Feb 23, 2023 | 20 | Mar 22, 2023 | 18 | Apr 18, 2023 | 38 |
| -0.29% | Aug 5, 2024 | 1 | Aug 5, 2024 | 6 | Aug 13, 2024 | 7 |
| -0.24% | Feb 2, 2023 | 1 | Feb 2, 2023 | 1 | Feb 3, 2023 | 2 |
| -0.2% | Oct 10, 2023 | 3 | Oct 12, 2023 | 4 | Oct 18, 2023 | 7 |
| -0.18% | Jun 5, 2023 | 1 | Jun 5, 2023 | 1 | Jun 6, 2023 | 2 |
Volatility
Volatility Chart
The current BlackRock AAA CLO ETF volatility is 0.21%, 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.