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BlackRock AAA CLO ETF (CLOA)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BlackRock AAA CLO ETF (CLOA)

ETF · Currency in USD · Last updated Apr 1, 2026

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
CLO
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart

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BlackRock AAA CLO ETF

Often compared with CLOA:
CLOA vs. CLOICLOA vs. PAAACLOA vs. AAACLOA vs. ICLOCLOA vs. JBBBCLOA vs. CLOXCLOA vs. PFFVCLOA vs. CLOBCLOA vs. SEIXCLOA vs. LQDHMore CLOA alternatives

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.

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S&P 500 Index

Returns By Period

BlackRock AAA CLO ETF (CLOA) has returned 0.94% so far this year and 5.47% over the past 12 months.

BlackRock AAA CLO ETF

1D
0.04%
1M
0.42%
YTD
0.94%
6M
2.27%
1Y
5.47%
3Y*
6.87%
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 12, 2023, CLOA's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, your investment would double in approximately 10.5 years.

Historically, 92% of months were positive and 8% were negative. The best month was Jan 2023 with a return of +1.3%, while the worst month was Feb 2023 at -0.1%. The longest winning streak lasted 24 consecutive months, and the longest losing streak was 1 months.

On a daily basis, CLOA closed higher 68% of trading days. The best single day was Apr 9, 2025 with a return of +0.6%, while the worst single day was Apr 4, 2025 at -0.8%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.58%-0.06%0.42%0.94%
20250.48%0.43%0.00%0.24%0.94%0.49%0.43%0.58%0.41%0.35%0.47%0.49%5.44%
20240.86%0.59%0.40%0.73%0.72%0.49%0.60%0.47%0.53%0.41%0.65%0.57%7.25%
20231.28%-0.07%0.16%0.94%0.36%0.97%1.05%0.80%0.54%0.34%0.88%0.84%8.38%

Benchmark Metrics

BlackRock AAA CLO ETF has an annualized alpha of 6.47%, beta of 0.02, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since January 13, 2023.

  • This ETF captured 16.88% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -17.04%) — a profile typical of hedging or uncorrelated assets.
  • Beta of 0.02 may look defensive, but with R² of 0.07 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.07 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
Alpha
6.47%
Beta
0.02
R²
0.07
Upside Capture
16.88%
Downside Capture
-17.04%

Expense Ratio

CLOA has an expense ratio of 0.20%, which is considered low.

Return for Risk

Risk / Return Rank

CLOA ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

CLOA Risk / Return Rank: 9898
Overall Rank
CLOA Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CLOA Sortino Ratio Rank: 9898
Sortino Ratio Rank
CLOA Omega Ratio Rank: 9999
Omega Ratio Rank
CLOA Calmar Ratio Rank: 9797
Calmar Ratio Rank
CLOA Martin Ratio Rank: 9898
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and compare them to a chosen benchmark (S&P 500 Index).

CLOABenchmarkDifference

Sharpe ratio

Return per unit of total volatility

3.34

0.90

+2.45

Sortino ratio

Return per unit of downside risk

4.54

1.39

+3.16

Omega ratio

Gain probability vs. loss probability

2.22

1.21

+1.01

Calmar ratio

Return relative to maximum drawdown

5.01

1.40

+3.61

Martin ratio

Return relative to average drawdown

36.22

6.61

+29.62

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore CLOA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

CLOA Sortino RatioCLOA Sharpe Ratio

Dividends

Dividend History

BlackRock AAA CLO ETF provided a 5.21% dividend yield over the last twelve months, with an annual payout of $2.70 per share.

5.40%5.50%5.60%5.70%5.80%5.90%6.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.50202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
Dividend$2.70$2.77$3.11$3.01

Dividend yield

5.21%5.35%6.01%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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.21$0.19$0.40
2025$0.00$0.24$0.22$0.25$0.24$0.24$0.22$0.23$0.23$0.22$0.24$0.44$2.77
2024$0.00$0.24$0.24$0.28$0.23$0.27$0.26$0.25$0.28$0.27$0.27$0.51$3.11
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.

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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.

The current BlackRock AAA CLO ETF drawdown is 0.04%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-1.34%Feb 23, 202320Mar 22, 202318Apr 18, 202338
-1.13%Mar 5, 202528Apr 11, 202510Apr 28, 202538
-0.33%Feb 21, 20252Feb 24, 20253Feb 27, 20255
-0.29%Aug 5, 20241Aug 5, 20246Aug 13, 20247
-0.24%Feb 2, 20231Feb 2, 20231Feb 3, 20232

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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