AAAC vs. CLOO

Last updated Jul 17, 2026

AAAC (Columbia AAA CLO ETF) and CLOO (NYLI Investment Grade CLO ETF) are both CLO funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. AAAC charges 0.20%/yr vs 0.25%/yr for CLOO.

Performance

AAAC vs. CLOO - Performance Comparison

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

Returns By Period

AAAC

• 1D: 0.00%
• 1M: 0.46%
• 6M: 2.48%
• YTD: 2.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOO

• 1D: 0.00%
• 1M: 0.44%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAAC vs. CLOO - Yearly Performance Comparison

	2026 (YTD)
AAAC Columbia AAA CLO ETF	0.96%
CLOO NYLI Investment Grade CLO ETF	1.10%

Correlation

The correlation between AAAC and CLOO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	0.41

Return for Risk

AAAC vs. CLOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia AAA CLO ETF (AAAC) and NYLI Investment Grade CLO ETF (CLOO). 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.

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

Drawdowns

AAAC vs. CLOO - Drawdown Comparison

The maximum AAAC drawdown since its inception was -0.55%, which is greater than CLOO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for AAAC and CLOO.

Drawdown Indicators

	AAAC	CLOO	Difference
Max Drawdown Largest peak-to-trough decline	-0.55%	-0.04%	-0.51%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.00%	-0.04%

Volatility

Volatility by Period

	AAAC	CLOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.85%	0.48%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.85%	0.48%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.85%	0.48%	+0.37%

AAAC vs. CLOO - Expense Ratio Comparison

AAAC has a 0.20% expense ratio, which is lower than CLOO'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

AAAC vs. CLOO - Dividend Comparison

AAAC's dividend yield for the trailing twelve months is around 2.65%, more than CLOO's 0.59% yield.

Position	TTM	2025
AAAC Columbia AAA CLO ETF	2.65%	0.03%
CLOO NYLI Investment Grade CLO ETF	0.59%	0.00%

Frequently Asked Questions

Can I hold both AAAC and CLOO in my portfolio?

AAAC and CLOO have a correlation of 0.41, 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 CLOO?

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 CLOO?

AAAC is cheaper with a 0.20% expense ratio, compared with 0.25% for CLOO.

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

AAAC has the higher dividend yield at 2.65%, compared with 0.59% for CLOO.

What is the main difference between AAAC and CLOO?

They also come from different issuers: Columbia Threadneedle and New York Life Investment Management. Their fees differ too: 0.20% for AAAC and 0.25% for CLOO.