ACLO vs. GRW

Last updated Jun 23, 2026

ACLO (TCW AAA CLO ETF) and GRW (TCW Durable Growth ETF) are both exchange-traded funds - ACLO is a CLO fund actively managed by TCW, while GRW is a Large Cap Growth Equities fund actively managed by TCW. Both are actively managed. At a correlation of -0.15, they often move in opposite directions. ACLO charges 0.20%/yr vs 0.75%/yr for GRW.

Performance

ACLO vs. GRW - Performance Comparison

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

Returns By Period

ACLO

• 1D: 0.00%
• 1M: 0.41%
• YTD: 2.41%
• 6M: 2.53%
• 1Y: 5.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRW

• 1D: -1.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACLO vs. GRW - Yearly Performance Comparison

	2026 (YTD)
ACLO TCW AAA CLO ETF	0.31%
GRW TCW Durable Growth ETF	2.62%

Correlation

The correlation between ACLO and GRW is -0.15, 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 May 28, 2026	-0.15

Return for Risk

ACLO vs. GRW — 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

GRW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GRW - Risk-Adjusted Trends Comparison

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

	ACLO	GRW	Difference
Sharpe ratio: Return per unit of total volatility	7.32	—	—
Sortino ratio: Return per unit of downside risk	15.16	—	—
Omega ratio: Gain probability vs. loss probability	3.44	—	—
Calmar ratio: Return relative to maximum drawdown	19.90	—	—
Martin ratio: Return relative to average drawdown	165.46	—	—

Drawdowns

ACLO vs. GRW - Drawdown Comparison

The maximum ACLO drawdown since its inception was -1.01%, smaller than the maximum GRW drawdown of -3.83%. Use the drawdown chart below to compare losses from any high point for ACLO and GRW.

Drawdown Indicators

	ACLO	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-3.83%	+2.82%
Max Drawdown (1Y) Largest decline over 1 year	-0.27%	—	—
Current Drawdown Current decline from peak	0.00%	-1.37%	+1.37%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.92%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	—	—

Volatility

Volatility by Period

	ACLO	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	19.32%	-18.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.07%	19.32%	-18.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	19.32%	-18.25%

ACLO vs. GRW - Expense Ratio Comparison

ACLO has a 0.20% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

ACLO vs. GRW - Dividend Comparison

ACLO's dividend yield for the trailing twelve months is around 4.90%, while GRW has not paid dividends to shareholders.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACLO and GRW in my portfolio?

ACLO and GRW have a correlation of -0.15, 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 GRW?

On fees, ACLO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACLO or GRW?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.75% for GRW.

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

ACLO has the higher dividend yield at 4.90%, compared with 0.00% for GRW.

What is the main difference between ACLO and GRW?

ACLO is categorized as CLO, while GRW is Large Cap Growth Equities. Their fees differ too: 0.20% for ACLO and 0.75% for GRW.