Invesco AAA CLO Floating Rate Note ETF (ICLO) 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 ICLO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ICLO
ICLO charges 0.19% annually. No ETFs in the CLO category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 0.19% | 11.25B | Jul 2023 | ICLO vs PAAA | |
| PGIM AAA CLO Aggregate Duration ETF | 0.19% | 26.12M | Jun 2026 | ICLO vs AAAD | |
| iShares AAA CLO Active ETF | 0.20% | 2.21B | Jan 2023 | ICLO vs CLOA | |
| Fidelity AAA CLO ETF | 0.20% | 60.08M | Feb 2026 | ICLO vs FAAA | |
| Eldridge AAA CLO ETF | 0.20% | 323.35M | Jul 2023 | ICLO vs CLOX |
Best Risk-Adjusted Alternatives to ICLO
ICLO has a PortfoliosLab risk / return rank of 98. There are 5 ETFs in the CLO category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 99 | 11.25B | Jul 2023 | ICLO vs PAAA | |
| iShares AAA CLO Active ETF | 99 | 2.21B | Jan 2023 | ICLO vs CLOA | |
| TCW AAA CLO ETF | 99 | 515.18M | Nov 2024 | ICLO vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | ICLO vs PCLO | |
| Janus Henderson AAA CLO ETF | 99 | 29.22B | Oct 2020 | ICLO vs JAAA |
Top Performing ICLO Alternatives (YTD)
ICLO is at 2.89% YTD. There are 7 ETFs in the CLO category with higher YTD returns, going as high as 3.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eldridge BBB-B CLO ETF | 3.25% | 825.65M | Jan 2023 | ICLO vs CLOZ | |
| iShares BBB-B CLO Active ETF | 3.25% | 84.14M | Jan 2025 | ICLO vs BCLO | |
| Reckoner Leveraged AAA CLO ETF | 3.12% | 27.61M | Jul 2025 | ICLO vs RAAA | |
| AAM Crescent CLO ETF | 3.12% | 51.28M | Oct 2025 | ICLO vs CLOC | |
| Nuveen AA-BBB CLO ETF | 3.07% | — | Dec 2024 | ICLO vs NCLO |
Lowest Volatility Alternatives to ICLO
ICLO has 1.26% 1-year volatility. There are 12 ETFs in the CLO category with lower 1-year volatility, going as low as 0.42%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin BSP CLO ETF | 0.42% | 50.39M | Jun 2026 | ICLO vs YCLO | |
| PGIM AAA CLO ETF | 0.47% | 11.25B | Jul 2023 | ICLO vs PAAA | |
| NYLI Investment Grade CLO ETF | 0.47% | 41.41M | May 2026 | ICLO vs CLOO | |
| iShares AAA CLO Active ETF | 0.68% | 2.21B | Jan 2023 | ICLO vs CLOA | |
| TCW AAA CLO ETF | 0.72% | 515.18M | Nov 2024 | ICLO vs ACLO |
Lowest Drawdown Alternatives to ICLO
ICLO has a 1-year max drawdown of -0.31%. There are 4 ETFs in the CLO category with shallower 1-year drawdowns, going as shallow as -0.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | -0.17% | 11.25B | Jul 2023 | ICLO vs PAAA | |
| iShares AAA CLO Active ETF | -0.18% | 2.21B | Jan 2023 | ICLO vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | ICLO vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 515.18M | Nov 2024 | ICLO vs ACLO | |
| Janus Henderson AAA CLO ETF | -0.39% | 29.22B | Oct 2020 | ICLO vs JAAA |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 14.23% | 452.80B | Mar 1999 | ICLO vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.35% | 21.05B | Oct 2015 | ICLO vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 14.26% | 97.11B | Oct 2020 | ICLO vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 79 | 14.26% | 96.96B | Apr 2003 | ICLO vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 61.64% | 2.58B | Jun 2021 | ICLO vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 65 | 14.14% | 19.45B | Dec 2005 | ICLO vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 45 | 4.68% | 10.56B | May 2005 | ICLO vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 55 | 12.76% | 4.04B | Oct 2012 | ICLO vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 44 | 13.32% | 7.18B | Mar 2005 | ICLO vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 58 | 11.63% | 4.08B | Feb 2012 | ICLO vs IDMO |
Often Compared With ICLO
Investors most often compare ICLO with CLOI, VMFXX, BKLN. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare ICLO with Any Fund or Stock
Compare ICLO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ICLO with funds that move differently
Invesco AAA CLO Floating Rate Note ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ICLO.
Explore ICLO Diversifiers