Fidelity CLO ETF (FCLO) 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 FCLO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FCLO
FCLO charges 0.45% annually. There are 20 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% | 26.23M | Jun 2026 | FCLO vs AAAD | |
| PGIM AAA CLO ETF | 0.19% | 10.35B | Jul 2023 | FCLO vs PAAA | |
| Janus Henderson AAA CLO ETF | 0.20% | 29.17B | Oct 2020 | FCLO vs JAAA | |
| iShares AAA CLO Active ETF | 0.20% | 2.15B | Jan 2023 | FCLO vs CLOA | |
| Panagram AAA CLO ETF | 0.20% | 308.54M | Jul 2023 | FCLO vs CLOX |
Best Risk-Adjusted Alternatives to FCLO
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 | 10.35B | Jul 2023 | FCLO vs PAAA | |
| iShares AAA CLO Active ETF | 99 | 2.15B | Jan 2023 | FCLO vs CLOA | |
| TCW AAA CLO ETF | 99 | 480.83M | Nov 2024 | FCLO vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | FCLO vs PCLO | |
| Janus Henderson AAA CLO ETF | 99 | 29.17B | Oct 2020 | FCLO vs JAAA |
Top Performing FCLO Alternatives (YTD)
Among 21 ETFs in the CLO category with YTD return data, the top-performing alternatives shown here go as high as 3.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares BBB-B CLO Active ETF | 3.07% | 83.86M | Jan 2025 | FCLO vs BCLO | |
| Reckoner Leveraged AAA CLO ETF | 2.90% | 27.61M | Jul 2025 | FCLO vs RAAA | |
| Palmer Square CLO Senior Debt ETF | 2.79% | — | Sep 2024 | FCLO vs PSQA | |
| TCW AAA CLO ETF | 2.75% | 480.83M | Nov 2024 | FCLO vs ACLO | |
| AAM Crescent CLO ETF | 2.73% | 51.28M | Oct 2025 | FCLO vs CLOC |
Lowest Volatility Alternatives to FCLO
FCLO has 1.29% 1-year volatility. There are 12 ETFs in the CLO category with lower 1-year volatility, going as low as 0.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin BSP CLO ETF | 0.47% | 50.32M | — | FCLO vs YCLO | |
| PGIM AAA CLO ETF | 0.47% | 10.35B | Jul 2023 | FCLO vs PAAA | |
| NYLI Investment Grade CLO ETF | 0.48% | 46.50M | May 2026 | FCLO vs CLOO | |
| iShares AAA CLO Active ETF | 0.68% | 2.15B | Jan 2023 | FCLO vs CLOA | |
| TCW AAA CLO ETF | 0.72% | 480.83M | Nov 2024 | FCLO vs ACLO |
Lowest Drawdown Alternatives to FCLO
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% | 10.35B | Jul 2023 | FCLO vs PAAA | |
| iShares AAA CLO Active ETF | -0.18% | 2.15B | Jan 2023 | FCLO vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | FCLO vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 480.83M | Nov 2024 | FCLO vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | -0.35% | 508.14M | Dec 2022 | FCLO vs ICLO |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 51 | 21.67% | 20.96B | Oct 2013 | FCLO vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 76 | 12.35% | 9.74B | Sep 2016 | FCLO vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -26.63% | 10.22B | Jan 2024 | FCLO vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 39 | 0.47% | 26.62B | Oct 2014 | FCLO vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 51 | 12.09% | 10.69B | Sep 2003 | FCLO vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 39 | 10.76% | 6.97B | Jun 2020 | FCLO vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 71 | 11.54% | 7.88B | Apr 2007 | FCLO vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 31 | 7.67% | 2.35B | Oct 2013 | FCLO vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 4 | -36.91% | 750.93M | Jul 2024 | FCLO vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 29 | 3.92% | 5.65B | Nov 2023 | FCLO vs FELG |
Often Compared With FCLO
Investors most often compare FCLO with FAAA, AAAC, BULZ. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.
Compare FCLO with Any Fund or Stock
Compare FCLO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FCLO with funds that move differently
Fidelity CLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FCLO.
Explore FCLO Diversifiers