ACLO vs. CLOA

Last updated Apr 1, 2026

Compare and contrast key facts about TCW AAA CLO ETF (ACLO) and BlackRock AAA CLO ETF (CLOA).

ACLO and CLOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACLO is an actively managed fund by TCW. It was launched on Nov 15, 2024. CLOA is an actively managed fund by BlackRock. It was launched on Jan 10, 2023.

Performance

ACLO vs. CLOA - Performance Comparison

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

ACLO vs. CLOA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ACLO TCW AAA CLO ETF	1.06%	5.32%	0.81%
CLOA BlackRock AAA CLO ETF	1.03%	5.44%	0.92%

Returns By Period

The year-to-date returns for both stocks are quite close, with ACLO having a 1.06% return and CLOA slightly lower at 1.03%.

ACLO

• 1D: -0.07%
• 1M: 0.18%
• YTD: 1.06%
• 6M: 2.31%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOA

• 1D: 0.08%
• 1M: 0.45%
• YTD: 1.03%
• 6M: 2.32%
• 1Y: 5.44%
• 3Y*: 6.90%
• 5Y*: —
• 10Y*: —

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

ACLO vs. CLOA - Expense Ratio Comparison

Both ACLO 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%.

ACLO

TCW AAA CLO ETF

CLOA

BlackRock AAA CLO ETF

Return for Risk

ACLO vs. CLOA — Risk / Return Rank

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

ACLO

ACLO Risk / Return Rank: 98
ACLO Sharpe Ratio Rank: 99
ACLO Sortino Ratio Rank: 99
ACLO Omega Ratio Rank: 99
ACLO Calmar Ratio Rank: 97
ACLO Martin Ratio Rank: 98

CLOA

CLOA Risk / Return Rank: 98
CLOA Sharpe Ratio Rank: 98
CLOA Sortino Ratio Rank: 98
CLOA Omega Ratio Rank: 99
CLOA Calmar Ratio Rank: 97
CLOA Martin Ratio Rank: 98

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. CLOA - Risk-Adjusted Trends Comparison

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

	ACLO	CLOA	Difference
Sharpe ratio Return per unit of total volatility	4.59	3.33	+1.26
Sortino ratio Return per unit of downside risk	6.77	4.52	+2.25
Omega ratio Gain probability vs. loss probability	2.40	2.21	+0.19
Calmar ratio Return relative to maximum drawdown	5.31	5.03	+0.28
Martin ratio Return relative to average drawdown	32.12	36.40	-4.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACLO vs. CLOA - Sharpe Ratio Comparison

The current ACLO Sharpe Ratio is 4.59, which is higher than the CLOA Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of ACLO and CLOA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ACLO	CLOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.59	3.33	+1.26
Sharpe Ratio (All Time) Calculated using the full available price history	4.75	5.13	-0.38

Correlation

The correlation between ACLO and CLOA is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ACLO vs. CLOA - Dividend Comparison

ACLO's dividend yield for the trailing twelve months is around 4.84%, less than CLOA's 5.12% yield.

	TTM	2025	2024	2023
ACLO TCW AAA CLO ETF	4.43%	4.87%	0.59%	0.00%
CLOA BlackRock AAA CLO ETF	5.12%	5.35%	6.01%	5.88%

Drawdowns

ACLO vs. CLOA - Drawdown Comparison

The maximum ACLO drawdown since its inception was -1.01%, smaller than the maximum CLOA drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for ACLO and CLOA.

Drawdown Indicators

	ACLO	CLOA	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-1.34%	+0.33%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-1.10%	+0.19%
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.06%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.17%	0.15%	+0.02%

Volatility

ACLO vs. CLOA - Volatility Comparison

TCW AAA CLO ETF (ACLO) has a higher volatility of 0.39% compared to BlackRock AAA CLO ETF (CLOA) at 0.27%. This indicates that ACLO's price experiences larger fluctuations and is considered to be riskier than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACLO	CLOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	0.27%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	0.58%	0.51%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	1.14%	1.64%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.13%	1.35%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.13%	1.35%	-0.22%