Nuveen AA-BBB CLO ETF (NCLO) 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 NCLO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NCLO
NCLO charges 0.26% annually. There are 11 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 | NCLO vs AAAD | |
| PGIM AAA CLO ETF | 0.19% | 10.35B | Jul 2023 | NCLO vs PAAA | |
| Janus Henderson AAA CLO ETF | 0.20% | 29.17B | Oct 2020 | NCLO vs JAAA | |
| TCW AAA CLO ETF | 0.20% | 480.83M | Nov 2024 | NCLO vs ACLO | |
| Fidelity AAA CLO ETF | 0.20% | 60.08M | Feb 2026 | NCLO vs FAAA |
Best Risk-Adjusted Alternatives to NCLO
NCLO has a PortfoliosLab risk / return rank of 61. There are 13 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 | 10.35B | Jul 2023 | NCLO vs PAAA | |
| iShares AAA CLO Active ETF | 99 | 2.15B | Jan 2023 | NCLO vs CLOA | |
| TCW AAA CLO ETF | 99 | 480.83M | Nov 2024 | NCLO vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | NCLO vs PCLO | |
| Janus Henderson AAA CLO ETF | 99 | 29.17B | Oct 2020 | NCLO vs JAAA |
Top Performing NCLO Alternatives (YTD)
NCLO is at 2.48% YTD. There are 11 ETFs in the CLO category with higher YTD returns, going as high as 3.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares BBB-B CLO Active ETF | 3.03% | 83.86M | Jan 2025 | NCLO vs BCLO | |
| Panagram BBB-B CLO ETF | 3.02% | 825.65M | Jan 2023 | NCLO vs CLOZ | |
| Reckoner Leveraged AAA CLO ETF | 2.88% | 27.61M | Jul 2025 | NCLO vs RAAA | |
| AAM Crescent CLO ETF | 2.84% | 51.28M | Oct 2025 | NCLO vs CLOC | |
| TCW AAA CLO ETF | 2.71% | 480.83M | Nov 2024 | NCLO vs ACLO |
Lowest Volatility Alternatives to NCLO
NCLO has 3.94% 1-year volatility. There are 29 ETFs in the CLO category with lower 1-year volatility, going as low as 0.45%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin BSP CLO ETF | 0.45% | 50.32M | — | NCLO vs YCLO | |
| PGIM AAA CLO ETF | 0.47% | 10.35B | Jul 2023 | NCLO vs PAAA | |
| NYLI Investment Grade CLO ETF | 0.48% | 46.50M | May 2026 | NCLO vs CLOO | |
| iShares AAA CLO Active ETF | 0.67% | 2.15B | Jan 2023 | NCLO vs CLOA | |
| TCW AAA CLO ETF | 0.72% | 480.83M | Nov 2024 | NCLO vs ACLO |
Lowest Drawdown Alternatives to NCLO
NCLO has a 1-year max drawdown of -3.05%. There are 15 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% | 10.35B | Jul 2023 | NCLO vs PAAA | |
| iShares AAA CLO Active ETF | -0.18% | 2.15B | Jan 2023 | NCLO vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | NCLO vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 480.83M | Nov 2024 | NCLO vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | -0.35% | 508.14M | Dec 2022 | NCLO vs ICLO |
Other ETFs from Nuveen
The 10 most viewed Nuveen ETFs shown here include NULG, NPFI, NUDV and span 10 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen ESG Large-Cap Growth ETF | Large Cap Growth Equities | 38 | 17.55% | 2.77B | Dec 2016 | NCLO vs NULG | |
| Nuveen Preferred And Income ETF | Preferred Stock/Convertible Bonds | 79 | 2.17% | 168.85M | Mar 2024 | NCLO vs NPFI | |
| Nuveen ESG Dividend ETF | Large Cap Value Equities | 74 | 11.58% | 49.88M | Sep 2021 | NCLO vs NUDV | |
| Nuveen Short-Term REIT ETF | REIT | 28 | 16.82% | 35.31M | Dec 2016 | NCLO vs NURE | |
| Nuveen ESG Small-Cap ETF | Small Cap Growth Equities | 58 | 14.62% | 1.28B | Dec 2016 | NCLO vs NUSC | |
| Nuveen ESG Large-Cap Value ETF | Large Cap Value Equities | 86 | 13.78% | 2.17B | Dec 2016 | NCLO vs NULV | |
| Nuveen ESG U.S. Aggregate Bond ETF | Intermediate Core Bond | 37 | 0.24% | 458.23M | Sep 2017 | NCLO vs NUBD | |
| Nuveen ESG Mid-Cap Growth ETF | Mid Cap Growth Equities | 8 | -2.46% | 357.97M | Dec 2016 | NCLO vs NUMG | |
| Nuveen Ultra Short Income ETF | Ultrashort Bond | 100 | 1.97% | 156.26M | Mar 2024 | NCLO vs NUSB | |
| Nuveen ESG Mid-Cap Value ETF | Mid Cap Value Equities, ESG | 73 | 12.46% | 444.82M | Dec 2016 | NCLO vs NUMV |
Often Compared With NCLO
Investors most often compare NCLO with JBBB, CLOI, PHYL. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare NCLO with Any Fund or Stock
Compare NCLO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NCLO with funds that move differently
Nuveen AA-BBB CLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NCLO.
Explore NCLO Diversifiers