AAAD vs. CLOC

Last updated Jul 8, 2026

AAAD (PGIM AAA CLO Aggregate Duration ETF) and CLOC (AAM Crescent CLO ETF) are both CLO funds. Both are actively managed. At a correlation of -0.19, they often move in opposite directions. AAAD charges 0.19%/yr vs 0.49%/yr for CLOC.

Performance

AAAD vs. CLOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM AAA CLO Aggregate Duration ETF (AAAD) and AAM Crescent CLO ETF (CLOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAAD

• 1D: -0.42%
• 1M: 0.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOC

• 1D: 0.06%
• 1M: 0.40%
• 6M: 2.61%
• YTD: 2.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAAD vs. CLOC - Yearly Performance Comparison

	2026 (YTD)
AAAD PGIM AAA CLO Aggregate Duration ETF	0.17%
CLOC AAM Crescent CLO ETF	0.42%

Correlation

The correlation between AAAD and CLOC is -0.19, 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 (All Time) Calculated using the full available price history since Jun 3, 2026	-0.19

Return for Risk

AAAD vs. CLOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM AAA CLO Aggregate Duration ETF (AAAD) and AAM Crescent CLO ETF (CLOC). 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

AAAD vs. CLOC - Drawdown Comparison

The maximum AAAD drawdown since its inception was -0.79%, which is greater than CLOC's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for AAAD and CLOC.

Drawdown Indicators

	AAAD	CLOC	Difference
Max Drawdown Largest peak-to-trough decline	-0.79%	-0.54%	-0.25%
Current Drawdown Current decline from peak	-0.79%	0.00%	-0.79%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.06%	-0.15%

Volatility

Volatility by Period

	AAAD	CLOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	0.88%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	0.88%	+3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	0.88%	+3.00%

AAAD vs. CLOC - Expense Ratio Comparison

AAAD has a 0.19% expense ratio, which is lower than CLOC's 0.49% expense ratio.

Dividends

AAAD vs. CLOC - Dividend Comparison

AAAD's dividend yield for the trailing twelve months is around 0.03%, less than CLOC's 4.19% yield.

Position	TTM	2025
AAAD PGIM AAA CLO Aggregate Duration ETF	0.03%	0.00%
CLOC AAM Crescent CLO ETF	4.19%	1.15%

Frequently Asked Questions

Can I hold both AAAD and CLOC in my portfolio?

AAAD and CLOC have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAAD or CLOC?

On fees, AAAD is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAAD or CLOC?

AAAD is cheaper with a 0.19% expense ratio, compared with 0.49% for CLOC.

Which ETF pays a higher dividend yield, AAAD or CLOC?

CLOC has the higher dividend yield at 4.19%, compared with 0.03% for AAAD.

What is the main difference between AAAD and CLOC?

They also come from different issuers: PGIM and AAM. Their fees differ too: 0.19% for AAAD and 0.49% for CLOC.