AAAC vs. CLOA

Last updated Aug 2, 2026

AAAC (Columbia AAA CLO ETF) and CLOA (iShares AAA CLO Active ETF) are both CLO funds. Both are actively managed. Their 0.14 correlation means their historical movements had little consistent relationship. Both charge a 0.20% expense ratio.

Performance

AAAC vs. CLOA - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with AAAC having a 2.81% return and CLOA slightly lower at 2.80%.

AAAC

• 1D: 0.05%
• 1M: 0.35%
• 6M: 2.18%
• YTD: 2.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CLOA

• 1D: 0.02%
• 1M: 0.44%
• 6M: 2.21%
• YTD: 2.80%
• 1Y: 5.11%
• 3Y*: 6.33%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAAC Columbia AAA CLO ETF	$18.84K	$4.60M	$1.56M
CLOA iShares AAA CLO Active ETF	$22.46M	$20.73M	$21.32M

AAAC vs. CLOA - Yearly Performance Comparison

	2026 (YTD)	2025
AAAC Columbia AAA CLO ETF	2.81%	0.15%
CLOA iShares AAA CLO Active ETF	2.80%	0.43%

Correlation

The correlation between AAAC and CLOA is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.14

Return for Risk

AAAC vs. CLOA — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

CLOA

CLOA Risk / Return Rank: 99
CLOA Sharpe Ratio Rank: 99
CLOA Sortino Ratio Rank: 99
CLOA Omega Ratio Rank: 99
CLOA Calmar Ratio Rank: 99
CLOA Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAAC vs. CLOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia AAA CLO ETF (AAAC) and iShares AAA CLO Active ETF (CLOA). 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	CLOA	Difference
Sharpe ratio: Return per unit of total volatility	—	7.65	—
Sortino ratio: Return per unit of downside risk	—	14.46	—
Omega ratio: Gain probability vs. loss probability	—	3.44	—
Calmar ratio: Return relative to maximum drawdown	—	29.50	—
Martin ratio: Return relative to average drawdown	—	154.32	—

Drawdowns

AAAC vs. CLOA - Drawdown Comparison

The maximum AAAC drawdown since its inception was -0.55%, smaller than the maximum CLOA drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for AAAC and CLOA.

Drawdown Indicators

	AAAC	CLOA	Difference
Max Drawdown Largest peak-to-trough decline	-0.55%	-1.34%	+0.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.13%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.05%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	AAAC	CLOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.82%	0.68%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.82%	1.29%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.82%	1.29%	-0.47%

AAAC vs. CLOA - Expense Ratio Comparison

Both AAAC and CLOA have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AAAC vs. CLOA - Dividend Comparison

AAAC's dividend yield for the trailing twelve months is around 2.65%, less than CLOA's 4.89% yield.

Position	TTM	2025	2024	2023
AAAC Columbia AAA CLO ETF	2.65%	0.03%	0.00%	0.00%
CLOA iShares AAA CLO Active ETF	4.44%	5.35%	6.01%	5.88%

Frequently Asked Questions

Can I hold both AAAC and CLOA in my portfolio?

AAAC and CLOA have a correlation of 0.14, 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 CLOA?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAAC or CLOA?

AAAC and CLOA have the same expense ratio: 0.20% per year.

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

CLOA has the higher dividend yield at 4.44%, compared with 2.65% for AAAC.

What is the main difference between AAAC and CLOA?

They also come from different issuers: Columbia and BlackRock.