ACLO vs. CLOI

Last updated Jun 4, 2026

ACLO (TCW AAA CLO ETF) and CLOI (VanEck CLO ETF) are both CLO funds. Both are actively managed. Over the past year, ACLO returned 5.31% vs 5.56% for CLOI. At a 0.14 correlation, their price movements are largely independent. ACLO charges 0.20%/yr vs 0.40%/yr for CLOI.

Performance

ACLO vs. CLOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW AAA CLO ETF (ACLO) and VanEck CLO ETF (CLOI). 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 CLOI's 2.06% return.

ACLO

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

CLOI

• 1D: 0.00%
• 1M: 0.61%
• YTD: 2.06%
• 6M: 2.58%
• 1Y: 5.56%
• 3Y*: 7.11%
• 5Y*: —
• 10Y*: —

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

ACLO vs. CLOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ACLO TCW AAA CLO ETF	2.21%	5.32%	0.81%
CLOI VanEck CLO ETF	2.06%	5.84%	0.70%

Correlation

The correlation between ACLO and CLOI is 0.05, 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 (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Nov 19, 2024	0.14

Return for Risk

ACLO vs. CLOI — 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

CLOI

CLOI Risk / Return Rank: 97
CLOI Sharpe Ratio Rank: 97
CLOI Sortino Ratio Rank: 98
CLOI Omega Ratio Rank: 98
CLOI Calmar Ratio Rank: 96
CLOI Martin Ratio Rank: 97

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. CLOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW AAA CLO ETF (ACLO) and VanEck CLO ETF (CLOI). 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	CLOI	Difference
Sharpe ratio Return per unit of total volatility	7.29	4.72	+2.58
Sortino ratio Return per unit of downside risk	14.85	7.43	+7.42
Omega ratio Gain probability vs. loss probability	3.41	2.16	+1.25
Calmar ratio Return relative to maximum drawdown	19.90	8.95	+10.95
Martin ratio Return relative to average drawdown	164.37	42.16	+122.21
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. CLOI - Sharpe Ratio Comparison

The current ACLO Sharpe Ratio is 7.29, which is higher than the CLOI Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of ACLO and CLOI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACLO	CLOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.29	4.72	+2.58
Sharpe Ratio (All Time) Calculated using the full available price history	5.10	2.77	+2.34

Drawdowns

ACLO vs. CLOI - Drawdown Comparison

The maximum ACLO drawdown since its inception was -1.01%, smaller than the maximum CLOI drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for ACLO and CLOI.

Drawdown Indicators

	ACLO	CLOI	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-3.25%	+2.24%
Max Drawdown (1Y) Largest decline over 1 year	-0.27%	-0.62%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.25%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.19%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.13%	-0.10%

Volatility

ACLO vs. CLOI - Volatility Comparison

TCW AAA CLO ETF (ACLO) and VanEck CLO ETF (CLOI) have volatilities of 0.14% and 0.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACLO	CLOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	0.14%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	0.57%	0.67%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	1.19%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.08%	2.56%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.08%	2.56%	-1.48%

ACLO vs. CLOI - Expense Ratio Comparison

ACLO has a 0.20% expense ratio, which is lower than CLOI's 0.40% expense ratio.

Dividends

ACLO vs. CLOI - Dividend Comparison

ACLO's dividend yield for the trailing twelve months is around 4.91%, less than CLOI's 5.35% yield.

Position	TTM	2025	2024	2023	2022
ACLO TCW AAA CLO ETF	4.91%	4.87%	0.59%	0.00%	0.00%
CLOI VanEck CLO ETF	5.35%	5.61%	6.71%	5.61%	2.23%

Frequently Asked Questions

Can I hold both ACLO and CLOI in my portfolio?

ACLO and CLOI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACLO or CLOI?

CLOI has higher volatility (0.14%) compared to ACLO (0.14%). In terms of maximum drawdown, ACLO dropped -1.01% vs CLOI's -3.25%.

Which ETF is better, ACLO or CLOI?

On 1-year performance, CLOI leads with 5.56% vs 5.31% for ACLO. On fees, ACLO is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACLO or CLOI?

Over the 1-year period, CLOI has performed better with a 5.56% return vs 5.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACLO or CLOI?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.40% for CLOI.

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

CLOI has the higher dividend yield at 5.35%, compared with 4.91% for ACLO.

What is the main difference between ACLO and CLOI?

They also come from different issuers: TCW and VanEck. Their fees differ too: 0.20% for ACLO and 0.40% for CLOI.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.29 vs 4.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.