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Performance
ICLO Performance Chart
Invesco Aaa CLO Floating Rate Note ETF (ICLO) is up 2.4% since the beginning of the year. ICLO is currently trading at $26 per share.
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Returns By Period
Invesco Aaa CLO Floating Rate Note ETF (ICLO) has returned 2.38% so far this year and 5.52% over the past 12 months.
Invesco Aaa CLO Floating Rate Note ETF
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 2.38%
- 6M
- 2.48%
- 1Y
- 5.52%
- 3Y*
- 6.60%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ICLO Monthly Returns History
Based on dividend-adjusted daily data since Dec 9, 2022, ICLO's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 95% of months were positive and 5% were negative. The best month was Jan 2023 with a return of +1.4%, while the worst month was Mar 2023 at -0.4%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 1 months.
On a daily basis, ICLO closed higher 63% of trading days. The best single day was Apr 7, 2025 with a return of +2.2%, while the worst single day was Apr 4, 2025 at -2.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.49% | 0.41% | 0.16% | 0.56% | 0.39% | 0.35% | 2.38% | ||||||
| 2025 | 0.44% | 0.47% | -0.14% | 0.21% | 0.74% | 0.75% | 0.50% | 0.61% | 0.43% | 0.39% | 0.37% | 0.38% | 5.27% |
| 2024 | 0.65% | 0.60% | 0.57% | 0.62% | 0.53% | 0.62% | 0.63% | 0.45% | 0.55% | 0.70% | 0.45% | 0.47% | 7.05% |
| 2023 | 1.41% | 0.53% | -0.38% | 0.97% | 0.41% | 0.92% | 1.05% | 0.71% | 0.60% | 0.36% | 1.11% | 0.87% | 8.90% |
| 2022 | 0.38% | 0.38% |
Benchmark Metrics
Invesco Aaa CLO Floating Rate Note ETF has an annualized alpha of 5.96%, beta of 0.04, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since December 09, 2022.
- This ETF captured 13.84% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -19.21%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.04 may look defensive, but with R2 of 0.08 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 0.08 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
- 5.96%
- Beta
- 0.04
- R²
- 0.08
- Upside Capture
- 13.84%
- Downside Capture
- -19.21%
Expense Ratio
ICLO has an expense ratio of 0.26%, which is considered low.
Return for Risk
Risk / Return Rank
ICLO ranks 97 for risk / return — in the top 97% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Aaa CLO Floating Rate Note ETF (ICLO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICLO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.94 | 1.37 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 15.78 | 2.78 | +13.00 |
| Martin ratioReturn relative to average drawdown | 65.95 | 12.44 | +53.51 |
Dividends
Dividend History
Invesco Aaa CLO Floating Rate Note ETF provided a 5.50% dividend yield over the last twelve months, with an annual payout of $1.40 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.40 | $1.40 | $1.67 | $1.79 |
Dividend yield | 5.50% | 5.49% | 6.51% | 7.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Aaa CLO Floating Rate Note 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.11 | $0.10 | $0.10 | $0.09 | $0.09 | $0.10 | $0.59 | ||||||
| 2025 | $0.12 | $0.12 | $0.11 | $0.11 | $0.13 | $0.12 | $0.12 | $0.12 | $0.11 | $0.12 | $0.13 | $0.10 | $1.40 |
| 2024 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.12 | $0.14 | $0.15 | $0.16 | $0.16 | $0.13 | $0.12 | $1.67 |
| 2023 | $0.12 | $0.00 | $0.03 | $0.16 | $0.18 | $0.17 | $0.17 | $0.18 | $0.17 | $0.18 | $0.19 | $0.25 | $1.79 |
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 Invesco Aaa CLO Floating Rate Note 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 Invesco Aaa CLO Floating Rate Note ETF was 3.47%, occurring on Apr 4, 2025. Recovery took 13 trading sessions.
The current Invesco Aaa CLO Floating Rate Note ETF drawdown is 0.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -3.47%Apr 2025 | 1mo 1d | 20d | 1mo 21dMar 2025 - Apr 2025 |
2023 pullback2023 | -0.83%Mar 2023 | 25d | 22d | 1mo 17dFeb 2023 - Apr 2023 |
2024 pullback2024 | -0.62%Aug 2024 | 3d | 11d | 14dAug 2024 - Aug 2024 |
2025 pullback2025 | -0.35%Aug 2025 | 2d | 5d | 7dJul 2025 - Aug 2025 |
2024 pullback2024 | -0.35%Aug 2024 | 0s | 15d | 15dAug 2024 - Sep 2024 |
Drawdown Indicators
| ICLO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.47% | -56.78% | +53.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -9.10% | +8.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -18.90% | +15.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.80% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -10.71% | +10.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.03% | -1.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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