ACLO vs. QSIG
ACLO (TCW AAA CLO ETF) and QSIG (WisdomTree U.S. High Yield Corporate Bond Fund) are both exchange-traded funds - ACLO is a CLO fund actively managed by TCW, while QSIG is a Short-Term Bond fund tracking the WisdomTree U.S. Short Term Quality Corporate Bond Index. ACLO is actively managed, while QSIG is passively managed. Over the past year, ACLO returned 5.20% vs 3.01% for QSIG. Their -0.04 correlation means they have often moved in opposite directions in the past. ACLO charges 0.20%/yr vs 0.18%/yr for QSIG.
Performance
ACLO vs. QSIG - Performance Comparison
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Returns By Period
In the year-to-date period, ACLO achieves a 3.00% return, which is significantly higher than QSIG's 0.84% return.
ACLO
- 1D
- -0.02%
- 1M
- 0.45%
- 6M
- 2.36%
- YTD
- 3.00%
- 1Y
- 5.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.38%
QSIG
- 1D
- 0.13%
- 1M
- -0.08%
- 6M
- 0.54%
- YTD
- 0.84%
- 1Y
- 3.01%
- 3Y*
- 5.22%
- 5Y*
- 2.18%
- 10Y*
- 2.45%
- ALL TIME*
- 2.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ACLO TCW AAA CLO ETF | $1.35M | $998.55K | $1.41M |
| $117.14K | $158.79K | $224.76K |
ACLO vs. QSIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ACLO TCW AAA CLO ETF | 3.00% | 5.32% | 0.81% |
QSIG WisdomTree U.S. High Yield Corporate Bond Fund | 0.84% | 6.61% | 0.30% |
Correlation
The correlation between ACLO and QSIG is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | -0.04 |
The correlation between ACLO and QSIG shifts across timeframes, from -0.21 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ACLO vs. QSIG — Risk / Return Rank
ACLO
QSIG
ACLO vs. QSIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW AAA CLO ETF (ACLO) and WisdomTree U.S. High Yield Corporate Bond Fund (QSIG). 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 | QSIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.68 | ||
| Sortino ratioReturn per unit of downside risk | +12.83 | ||
| Omega ratioGain probability vs. loss probability | 3.42 | 1.30 | +2.12 |
| Calmar ratioReturn relative to maximum drawdown | 19.49 | 2.17 | +17.33 |
| Martin ratioReturn relative to average drawdown | 164.43 | 8.33 | +156.11 |
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Drawdowns
ACLO vs. QSIG - Drawdown Comparison
The maximum ACLO drawdown since its inception was -1.01%, smaller than the maximum QSIG drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for ACLO and QSIG.
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Drawdown Indicators
| ACLO | QSIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.01% | -12.35% | +11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.27% | -1.40% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.35% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.09% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -1.35% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.36% | -0.33% |
Volatility
ACLO vs. QSIG - Volatility Comparison
The current volatility for TCW AAA CLO ETF (ACLO) is 0.19%, while WisdomTree U.S. High Yield Corporate Bond Fund (QSIG) has a volatility of 0.52%. This indicates that ACLO experiences smaller price fluctuations and is considered to be less risky than QSIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACLO | QSIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 0.52% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 1.56% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 1.88% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.05% | 3.02% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.05% | 3.43% | -2.38% |
ACLO vs. QSIG - Expense Ratio Comparison
ACLO has a 0.20% expense ratio, which is higher than QSIG's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ACLO vs. QSIG - Dividend Comparison
ACLO's dividend yield for the trailing twelve months is around 4.89%, more than QSIG's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ACLO TCW AAA CLO ETF | 4.89% | 4.87% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QSIG WisdomTree U.S. High Yield Corporate Bond Fund | 4.45% | 4.46% | 4.37% | 3.26% | 2.13% | 1.66% | 2.29% | 2.41% | 2.27% | 1.81% | 0.98% |
Frequently Asked Questions
ACLO and QSIG have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QSIG has higher volatility (0.52%) compared to ACLO (0.19%). In terms of maximum drawdown, ACLO dropped -1.01% vs QSIG's -12.35%.
On 1-year performance, ACLO leads with 5.20% vs 3.01% for QSIG. On fees, QSIG is cheaper at 0.18% per year. On volatility, ACLO has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ACLO has performed better with a 5.20% return vs 3.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QSIG is cheaper with a 0.18% expense ratio, compared with 0.20% for ACLO.
ACLO has the higher dividend yield at 4.89%, compared with 4.45% for QSIG.
ACLO is categorized as CLO, while QSIG is Short-Term Bond. They also come from different issuers: TCW and WisdomTree. Their fees differ too: 0.20% for ACLO and 0.18% for QSIG.
ACLO currently has the higher Sharpe Ratio (7.29 vs 1.61), 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.
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