ACLO vs. AAAC

Last updated Jun 4, 2026

ACLO (TCW AAA CLO ETF) and AAAC (Columbia AAA CLO ETF) are both CLO funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

ACLO vs. AAAC - Performance Comparison

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

Returns By Period

In the year-to-date period, ACLO achieves a 2.21% return, which is significantly higher than AAAC's 2.06% return.

ACLO

• 1D: 0.02%
• 1M: 0.42%
• YTD: 2.21%
• 6M: 2.58%
• 1Y: 5.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAAC

• 1D: 0.00%
• 1M: 0.40%
• YTD: 2.06%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACLO vs. AAAC - Yearly Performance Comparison

	2026 (YTD)	2025
ACLO TCW AAA CLO ETF	2.21%	0.27%
AAAC Columbia AAA CLO ETF	2.06%	0.20%

Correlation

The correlation between ACLO and AAAC is 0.04, 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 12, 2025	0.04

Return for Risk

ACLO vs. AAAC — Risk / Return Rank

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

ACLO

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

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.

ACLO vs. AAAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW AAA CLO ETF (ACLO) and Columbia AAA CLO ETF (AAAC). 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.

	ACLO	AAAC	Difference
Sharpe ratio Return per unit of total volatility	7.29	—	—
Sortino ratio Return per unit of downside risk	14.85	—	—
Omega ratio Gain probability vs. loss probability	3.41	—	—
Calmar ratio Return relative to maximum drawdown	19.90	—	—
Martin ratio Return relative to average drawdown	164.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ACLO	AAAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.10	5.59	-0.49

Drawdowns

ACLO vs. AAAC - Drawdown Comparison

The maximum ACLO drawdown since its inception was -1.01%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for ACLO and AAAC.

Drawdown Indicators

	ACLO	AAAC	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-0.55%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-0.27%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.04%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	—	—

Volatility

Volatility by Period

	ACLO	AAAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	0.89%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.08%	0.89%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.08%	0.89%	+0.19%

ACLO vs. AAAC - Expense Ratio Comparison

Both ACLO and AAAC 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

ACLO vs. AAAC - Dividend Comparison

ACLO's dividend yield for the trailing twelve months is around 4.91%, more than AAAC's 2.27% yield.

Position	TTM	2025	2024
AAAC Columbia AAA CLO ETF	2.27%	0.03%	0.00%
ACLO TCW AAA CLO ETF	4.91%	4.87%	0.59%

Frequently Asked Questions

Can I hold both ACLO and AAAC in my portfolio?

ACLO and AAAC have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACLO or AAAC?

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, ACLO or AAAC?

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

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

ACLO has the higher dividend yield at 4.91%, compared with 2.27% for AAAC.

What is the main difference between ACLO and AAAC?

They also come from different issuers: TCW and Columbia Threadneedle.