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Performance
NCLO Performance Chart
Nuveen AA-BBB CLO ETF (NCLO) is up 2.1% since the beginning of the year. NCLO is currently trading at $25 per share.
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Returns By Period
Nuveen AA-BBB CLO ETF (NCLO) has returned 2.08% so far this year and 5.69% over the past 12 months.
Nuveen AA-BBB CLO ETF
- 1D
- -0.09%
- 1M
- 0.34%
- YTD
- 2.08%
- 6M
- 2.27%
- 1Y
- 5.69%
- 3Y*
- —
- 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%
NCLO Monthly Returns History
Based on dividend-adjusted daily data since Dec 11, 2024, NCLO's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 95% of months were positive and 5% were negative. The best month was May 2025 with a return of +1.0%, while the worst month was Mar 2026 at -0.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 1 months.
On a daily basis, NCLO closed higher 59% of trading days. The best single day was Mar 10, 2026 with a return of +1.0%, while the worst single day was Mar 4, 2026 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 0.05% | -0.08% | 0.97% | 0.44% | 0.29% | 2.08% | ||||||
| 2025 | 0.70% | 0.26% | 0.12% | 0.17% | 0.99% | 0.56% | 0.52% | 0.56% | 0.50% | 0.49% | 0.60% | 0.64% | 6.28% |
| 2024 | 0.31% | 0.31% |
Benchmark Metrics
Nuveen AA-BBB CLO ETF has an annualized alpha of 5.03%, beta of 0.05, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 11, 2024.
- This ETF captured 14.04% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -11.12%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.05 may look defensive, but with R2 of 0.05 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 0.05 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
- 5.03%
- Beta
- 0.05
- R²
- 0.05
- Upside Capture
- 14.04%
- Downside Capture
- -11.12%
Expense Ratio
NCLO has an expense ratio of 0.26%, which is considered low.
Return for Risk
Risk / Return Rank
NCLO ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nuveen AA-BBB CLO ETF (NCLO) 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.
| NCLO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.78 | -0.91 |
| Martin ratioReturn relative to average drawdown | 12.36 | 12.44 | -0.08 |
Dividends
Dividend History
Nuveen AA-BBB CLO ETF provided a 5.77% dividend yield over the last twelve months, with an annual payout of $1.44 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.44 | $1.53 | $0.09 |
Dividend yield | 5.77% | 6.09% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen AA-BBB CLO 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 | $0.00 | $0.10 | $0.10 | $0.11 | $0.12 | $0.11 | $0.55 | ||||||
| 2025 | $0.00 | $0.12 | $0.12 | $0.13 | $0.12 | $0.14 | $0.12 | $0.13 | $0.16 | $0.10 | $0.12 | $0.27 | $1.53 |
| 2024 | $0.09 | $0.09 |
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 Nuveen AA-BBB 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 Nuveen AA-BBB CLO ETF was 3.05%, occurring on Mar 4, 2026. Recovery took 22 trading sessions.
The current Nuveen AA-BBB CLO ETF drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -3.05%Mar 2026 | 28d | 1mo 3d | 2mo 1dFeb 2026 - Apr 2026 |
2025 selloff2025 | -1.43%Apr 2025 | 10d | 13d | 23dApr 2025 - Apr 2025 |
2025 selloff2025 | -0.64%Apr 2025 | 0s | 4d | 4dApr 2025 - May 2025 |
2025 selloff2025 | -0.56%May 2025 | 1d | 16d | 17dMay 2025 - Jun 2025 |
2026 pullback2026 | -0.52%May 2026 | 0s | — | 25d 13hMay 2026 - now |
Drawdown Indicators
| NCLO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.05% | -56.78% | +53.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -9.10% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | -0.23% | -1.80% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -10.71% | +10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 2.03% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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