AAAC vs. BCLO

Last updated Jun 24, 2026

AAAC (Columbia AAA CLO ETF) and BCLO (iShares BBB-B CLO Active ETF) are both CLO funds. AAAC is actively managed, while BCLO is passively managed. At a 0.00 correlation, their price movements are largely independent. AAAC charges 0.20%/yr vs 0.45%/yr for BCLO.

Performance

AAAC vs. BCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia AAA CLO ETF (AAAC) and iShares BBB-B CLO Active ETF (BCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAAC achieves a 2.32% return, which is significantly lower than BCLO's 3.08% return.

AAAC

• 1D: -0.02%
• 1M: 0.28%
• YTD: 2.32%
• 6M: 2.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCLO

• 1D: 0.12%
• 1M: 0.53%
• YTD: 3.08%
• 6M: 3.11%
• 1Y: 6.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAAC vs. BCLO - Yearly Performance Comparison

	2026 (YTD)	2025
AAAC Columbia AAA CLO ETF	2.32%	0.15%
BCLO iShares BBB-B CLO Active ETF	3.08%	0.33%

Correlation

The correlation between AAAC and BCLO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.00

Return for Risk

AAAC vs. BCLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAAC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BCLO

BCLO Risk / Return Rank: 87
BCLO Sharpe Ratio Rank: 95
BCLO Sortino Ratio Rank: 96
BCLO Omega Ratio Rank: 97
BCLO Calmar Ratio Rank: 75
BCLO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAAC vs. BCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia AAA CLO ETF (AAAC) and iShares BBB-B CLO Active ETF (BCLO). 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.

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.

	AAAC	BCLO	Difference
Sharpe ratio: Return per unit of total volatility	—	3.43	—
Sortino ratio: Return per unit of downside risk	—	5.45	—
Omega ratio: Gain probability vs. loss probability	—	1.91	—
Calmar ratio: Return relative to maximum drawdown	—	3.59	—
Martin ratio: Return relative to average drawdown	—	13.26	—

Drawdowns

AAAC vs. BCLO - Drawdown Comparison

The maximum AAAC drawdown since its inception was -0.55%, smaller than the maximum BCLO drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for AAAC and BCLO.

Drawdown Indicators

	AAAC	BCLO	Difference
Max Drawdown Largest peak-to-trough decline	-0.55%	-4.45%	+3.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.92%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.39%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	AAAC	BCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.86%	2.01%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.86%	4.31%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	4.31%	-3.45%

AAAC vs. BCLO - Expense Ratio Comparison

AAAC has a 0.20% expense ratio, which is lower than BCLO's 0.45% expense ratio.

Dividends

AAAC vs. BCLO - Dividend Comparison

AAAC's dividend yield for the trailing twelve months is around 2.27%, less than BCLO's 6.57% yield.

Position	TTM	2025
AAAC Columbia AAA CLO ETF	2.27%	0.03%
BCLO iShares BBB-B CLO Active ETF	6.57%	6.45%

Frequently Asked Questions

Can I hold both AAAC and BCLO in my portfolio?

AAAC and BCLO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAAC or BCLO?

On fees, AAAC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAAC or BCLO?

AAAC is cheaper with a 0.20% expense ratio, compared with 0.45% for BCLO.

Which ETF pays a higher dividend yield, AAAC or BCLO?

BCLO has the higher dividend yield at 6.57%, compared with 2.27% for AAAC.

What is the main difference between AAAC and BCLO?

They also come from different issuers: Columbia Threadneedle and iShares. Their fees differ too: 0.20% for AAAC and 0.45% for BCLO.