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Hartford AAA CLO ETF (TRPA) Sharpe Ratio: 2.27

ETF · Currency in USD · Last updated Jun 3, 2026

The Hartford AAA CLO ETF is an actively managed fund that seeks to provide capital preservation and income by holding USD-denominated floating-rate CLOs rated AAA and of any maturity.

TRPA's Sharpe Ratio of 2.27 indicates that for each unit of volatility, it generates 2.27 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

TRPA Sharpe Ratio Rank

TRPA Sharpe Ratio Rank: 67.167
Above Average

TRPA ranks above 67.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

TRPA Sharpe Ratio Market Positioning

The chart shows TRPA's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.91 or lower
  • Yellow zone (middle 50%): 0.91 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.84+
  • Median: 1.76 — half of all investments score higher

How it compares to other similar ETFs

The table compares Hartford AAA CLO ETF's Sharpe Ratio with other ETFs in the CLO category across multiple time periods, showing how TRPA's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PAAAPGIM AAA CLO ETF10.71
CLOABlackRock AAA CLO ETF7.45
ACLOTCW AAA CLO ETF7.30
JAAAJanus Henderson AAA CLO ETF6.08
PCLOVirtus SEIX AAA Private Credit CLO ETF5.86
CLOIVanEck CLO ETF4.66
ICLOInvesco Aaa CLO Floating Rate Note ETF4.10
CLOXPanagram AAA CLO ETF3.87
BCLOiShares BBB-B CLO Active ETF3.36
AAAAAF First Priority CLO Bond ETF2.44
TRPAHartford AAA CLO ETF2.27

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows TRPA's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TRPA consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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