ACLO vs. FLXR

Last updated Apr 1, 2026

Compare and contrast key facts about TCW AAA CLO ETF (ACLO) and TCW Flexible Income ETF (FLXR).

ACLO and FLXR 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. FLXR is an actively managed fund by TCW. It was launched on Nov 30, 2018.

Performance

ACLO vs. FLXR - Performance Comparison

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

ACLO vs. FLXR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ACLO TCW AAA CLO ETF	1.06%	5.32%	0.81%
FLXR TCW Flexible Income ETF	0.17%	8.37%	0.53%

Returns By Period

In the year-to-date period, ACLO achieves a 1.06% return, which is significantly higher than FLXR's 0.17% return.

ACLO

• 1D: -0.07%
• 1M: 0.28%
• YTD: 1.06%
• 6M: 2.38%
• 1Y: 5.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLXR

• 1D: 0.29%
• 1M: -0.91%
• YTD: 0.17%
• 6M: 1.62%
• 1Y: 6.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACLO vs. FLXR - Expense Ratio Comparison

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

FLXR

TCW Flexible Income ETF

ACLO

TCW AAA CLO ETF

Return for Risk

ACLO vs. FLXR — 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

FLXR

FLXR Risk / Return Rank: 96
FLXR Sharpe Ratio Rank: 95
FLXR Sortino Ratio Rank: 96
FLXR Omega Ratio Rank: 96
FLXR Calmar Ratio Rank: 96
FLXR Martin Ratio Rank: 95

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. FLXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW AAA CLO ETF (ACLO) and TCW Flexible Income ETF (FLXR). 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	FLXR	Difference
Sharpe ratio Return per unit of total volatility	4.59	2.37	+2.21
Sortino ratio Return per unit of downside risk	6.77	3.29	+3.48
Omega ratio Gain probability vs. loss probability	2.40	1.48	+0.92
Calmar ratio Return relative to maximum drawdown	5.31	4.16	+1.14
Martin ratio Return relative to average drawdown	32.12	15.82	+16.30
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. FLXR - Sharpe Ratio Comparison

The current ACLO Sharpe Ratio is 4.59, which is higher than the FLXR Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of ACLO and FLXR, 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	FLXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.59	2.37	+2.21
Sharpe Ratio (All Time) Calculated using the full available price history	4.75	2.69	+2.07

Correlation

The correlation between ACLO and FLXR is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ACLO vs. FLXR - Dividend Comparison

ACLO's dividend yield for the trailing twelve months is around 4.84%, less than FLXR's 5.63% yield.

	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.84%	4.87%	0.59%
FLXR TCW Flexible Income ETF	5.63%	5.66%	3.44%

Drawdowns

ACLO vs. FLXR - Drawdown Comparison

The maximum ACLO drawdown since its inception was -1.01%, smaller than the maximum FLXR drawdown of -1.94%. Use the drawdown chart below to compare losses from any high point for ACLO and FLXR.

Drawdown Indicators

	ACLO	FLXR	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-1.94%	+0.93%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-1.47%	+0.56%
Current Drawdown Current decline from peak	-0.07%	-0.91%	+0.84%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.37%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.17%	0.39%	-0.22%

Volatility

ACLO vs. FLXR - Volatility Comparison

The current volatility for TCW AAA CLO ETF (ACLO) is 0.39%, while TCW Flexible Income ETF (FLXR) has a volatility of 1.04%. This indicates that ACLO experiences smaller price fluctuations and is considered to be less risky than FLXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACLO	FLXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	1.04%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	0.58%	1.60%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	1.14%	2.55%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.13%	2.83%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.13%	2.83%	-1.70%