6PSE.DE vs. CLOA.DE
6PSE.DE (Invesco MSCI USA UCITS ETF Dist) and CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) are both exchange-traded funds - 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA, while CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Both are passively managed. Over the past year, 6PSE.DE returned 25.21% vs 3.46% for CLOA.DE. At a correlation of -0.06, they often move in opposite directions. 6PSE.DE charges 0.05%/yr vs 0.25%/yr for CLOA.DE.
Performance
6PSE.DE vs. CLOA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 6PSE.DE achieves a 11.33% return, which is significantly higher than CLOA.DE's 1.37% return.
6PSE.DE
- 1D
- -0.18%
- 1M
- 5.37%
- YTD
- 11.33%
- 6M
- 11.30%
- 1Y
- 25.21%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
6PSE.DE vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 1.39% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
Correlation
The correlation between 6PSE.DE and CLOA.DE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.06 |
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Return for Risk
6PSE.DE vs. CLOA.DE — Risk / Return Rank
6PSE.DE
CLOA.DE
6PSE.DE vs. CLOA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF Dist (6PSE.DE) and Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 6PSE.DE | CLOA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.55 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 11.09 | -7.65 |
| Martin ratioReturn relative to average drawdown | 11.99 | 35.06 | -23.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 6PSE.DE | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.68 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 2.31 | -1.38 |
Drawdowns
6PSE.DE vs. CLOA.DE - Drawdown Comparison
The maximum 6PSE.DE drawdown since its inception was -23.70%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for 6PSE.DE and CLOA.DE.
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Drawdown Indicators
| 6PSE.DE | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -0.49% | -23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -0.31% | -7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.02% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -0.09% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.10% | +2.00% |
Volatility
6PSE.DE vs. CLOA.DE - Volatility Comparison
Invesco MSCI USA UCITS ETF Dist (6PSE.DE) has a higher volatility of 2.73% compared to Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) at 0.43%. This indicates that 6PSE.DE's price experiences larger fluctuations and is considered to be riskier than CLOA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 6PSE.DE | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 0.43% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 0.95% | +6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 1.30% | +10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 1.42% | +13.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 1.42% | +13.99% |
6PSE.DE vs. CLOA.DE - Expense Ratio Comparison
6PSE.DE has a 0.05% expense ratio, which is lower than CLOA.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
6PSE.DE vs. CLOA.DE - Dividend Comparison
6PSE.DE's dividend yield for the trailing twelve months is around 1.05%, while CLOA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
6PSE.DE and CLOA.DE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for CLOA.DE.
6PSE.DE is categorized as Large Cap Blend Equities, while CLOA.DE is CLO. 6PSE.DE tracks MSCI USA, while CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Their fees differ too: 0.05% for 6PSE.DE and 0.25% for CLOA.DE.
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