NYLI Investment Grade CLO ETF (CLOO) belongs to the CLO category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CLOO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CLOO
CLOO charges 0.25% annually. There are 10 ETFs in the CLO category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO Aggregate Duration ETF | 0.19% | 26.05M | Jun 2026 | CLOO vs AAAD | |
| PGIM AAA CLO ETF | 0.19% | 11.02B | Jul 2023 | CLOO vs PAAA | |
| Panagram AAA CLO ETF | 0.20% | 323.28M | Jul 2023 | CLOO vs CLOX | |
| Fidelity AAA CLO ETF | 0.20% | 60.08M | Feb 2026 | CLOO vs FAAA | |
| Janus Henderson AAA CLO ETF | 0.20% | 29.16B | Oct 2020 | CLOO vs JAAA |
Best Risk-Adjusted Alternatives to CLOO
Among 18 ETFs in the CLO category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 99 | 11.02B | Jul 2023 | CLOO vs PAAA | |
| iShares AAA CLO Active ETF | 99 | 2.18B | Jan 2023 | CLOO vs CLOA | |
| TCW AAA CLO ETF | 99 | 515.18M | Nov 2024 | CLOO vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | CLOO vs PCLO | |
| Janus Henderson AAA CLO ETF | 99 | 29.16B | Oct 2020 | CLOO vs JAAA |
Top Performing CLOO Alternatives (YTD)
Among 21 ETFs in the CLO category with YTD return data, the top-performing alternatives shown here go as high as 3.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Panagram BBB-B CLO ETF | 3.21% | 825.65M | Jan 2023 | CLOO vs CLOZ | |
| iShares BBB-B CLO Active ETF | 3.10% | 84.04M | Jan 2025 | CLOO vs BCLO | |
| Reckoner Leveraged AAA CLO ETF | 3.07% | 27.61M | Jul 2025 | CLOO vs RAAA | |
| AAM Crescent CLO ETF | 3.00% | 51.28M | Oct 2025 | CLOO vs CLOC | |
| TCW AAA CLO ETF | 2.84% | 515.18M | Nov 2024 | CLOO vs ACLO |
Lowest Volatility Alternatives to CLOO
CLOO has 0.45% 1-year volatility. There is 1 ETF in the CLO category with lower 1-year volatility, going as low as 0.44%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin BSP CLO ETF | 0.44% | 50.33M | Jun 2026 | CLOO vs YCLO | |
| PGIM AAA CLO ETF | 0.47% | 11.02B | Jul 2023 | CLOO vs PAAA | |
| iShares AAA CLO Active ETF | 0.68% | 2.18B | Jan 2023 | CLOO vs CLOA | |
| TCW AAA CLO ETF | 0.71% | 515.18M | Nov 2024 | CLOO vs ACLO | |
| Janus Henderson AAA CLO ETF | 0.80% | 29.16B | Oct 2020 | CLOO vs JAAA |
Lowest Drawdown Alternatives to CLOO
Among 18 ETFs in the CLO category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | -0.17% | 11.02B | Jul 2023 | CLOO vs PAAA | |
| iShares AAA CLO Active ETF | -0.18% | 2.18B | Jan 2023 | CLOO vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | CLOO vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 515.18M | Nov 2024 | CLOO vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | -0.35% | 519.68M | Dec 2022 | CLOO vs ICLO |
Other ETFs from New York Life Investment Management
The 1 most viewed New York Life Investment Management ETFs shown here include NISM and span 1 categories. AUM among these funds goes as high as $25M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NYLI International Small-Mid Cap Equity ETF | Foreign Small & Mid Cap Equities | — | — | 24.94M | May 2026 | CLOO vs NISM |
Often Compared With CLOO
Investors most often compare CLOO with JA, CLOB, PSQA. These 11 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Janus Henderson AA-A CLO ETF | CLO | — | — | 145.49M | Feb 2026 | CLOO vs JA | |
| VanEck AA-BB CLO ETF | CLO | 85 | 2.30% | 176.31M | Sep 2024 | CLOO vs CLOB | |
| Palmer Square CLO Senior Debt ETF | CLO | 94 | 2.74% | 54.56M | Sep 2024 | CLOO vs PSQA | |
| VanEck CLO ETF | CLO | 98 | 2.72% | 1.49B | Jun 2022 | CLOO vs CLOI | |
| BondBloxx Private Credit CLO ETF | CLO | 62 | 2.49% | — | Dec 2024 | CLOO vs PCMM | |
| Columbia AAA CLO ETF | CLO | — | 2.76% | 104.03M | Dec 2025 | CLOO vs AAAC | |
| Fidelity CLO ETF | CLO | — | — | 27.51M | Feb 2026 | CLOO vs FCLO | |
| Nuveen AA-BBB CLO ETF | CLO | 68 | 2.67% | — | Dec 2024 | CLOO vs NCLO | |
| Janus Henderson B-BBB CLO ETF | CLO | 56 | 2.42% | 1.40B | Jan 2022 | CLOO vs JBBB | |
| Alternative Access First Priority CLO Bond ETF | CLO | 92 | 2.25% | 45.04M | Sep 2020 | CLOO vs AAA | |
| Hartford AAA CLO ETF | CLO | 95 | 2.61% | 111.11M | May 2018 | CLOO vs TRPA |
Compare CLOO with Any Fund or Stock
Compare CLOO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CLOO with funds that move differently
NYLI Investment Grade CLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CLOO.
Explore CLOO Diversifiers