ACLO vs. SUPP

Last updated Jun 23, 2026

ACLO (TCW AAA CLO ETF) and SUPP (TCW Transform Supply Chain ETF) are both exchange-traded funds - ACLO is a CLO fund actively managed by TCW, while SUPP is a Large Cap Blend Equities fund actively managed by TCW. Both are actively managed. Over the past year, ACLO returned 5.31% vs 36.89% for SUPP. At a 0.07 correlation, their price movements are largely independent. ACLO charges 0.20%/yr vs 0.75%/yr for SUPP.

Performance

ACLO vs. SUPP - Performance Comparison

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

Returns By Period

In the year-to-date period, ACLO achieves a 2.41% return, which is significantly lower than SUPP's 25.93% return.

ACLO

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

SUPP

• 1D: 0.28%
• 1M: 8.80%
• YTD: 25.93%
• 6M: 25.68%
• 1Y: 36.89%
• 3Y*: 19.81%
• 5Y*: —
• 10Y*: —

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

ACLO vs. SUPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ACLO TCW AAA CLO ETF	2.41%	5.32%	0.81%
SUPP TCW Transform Supply Chain ETF	25.93%	11.65%	-4.65%

Correlation

The correlation between ACLO and SUPP is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.07

Return for Risk

ACLO vs. SUPP — 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

SUPP

SUPP Risk / Return Rank: 56
SUPP Sharpe Ratio Rank: 55
SUPP Sortino Ratio Rank: 53
SUPP Omega Ratio Rank: 52
SUPP Calmar Ratio Rank: 57
SUPP Martin Ratio Rank: 63

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. SUPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW AAA CLO ETF (ACLO) and TCW Transform Supply Chain ETF (SUPP). 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	SUPP	Difference
Sharpe ratio: Return per unit of total volatility	7.32	1.78	+5.54
Sortino ratio: Return per unit of downside risk	15.16	2.48	+12.68
Omega ratio: Gain probability vs. loss probability	3.44	1.32	+2.12
Calmar ratio: Return relative to maximum drawdown	19.90	2.73	+17.17
Martin ratio: Return relative to average drawdown	165.46	11.11	+154.35

ACLO vs. SUPP - Sharpe Ratio Comparison

The current ACLO Sharpe Ratio is 7.32, which is higher than the SUPP Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of ACLO and SUPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACLO vs. SUPP - Drawdown Comparison

The maximum ACLO drawdown since its inception was -1.01%, smaller than the maximum SUPP drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for ACLO and SUPP.

Drawdown Indicators

	ACLO	SUPP	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-25.03%	+24.02%
Max Drawdown (1Y) Largest decline over 1 year	-0.27%	-13.59%	+13.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.03%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.04%	-4.36%	+4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	3.33%	-3.30%

Volatility

ACLO vs. SUPP - Volatility Comparison

The current volatility for TCW AAA CLO ETF (ACLO) is 0.19%, while TCW Transform Supply Chain ETF (SUPP) has a volatility of 8.46%. This indicates that ACLO experiences smaller price fluctuations and is considered to be less risky than SUPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACLO	SUPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	8.46%	-8.27%
Volatility (6M) Calculated over the trailing 6-month period	0.58%	17.72%	-17.14%
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	20.81%	-20.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.07%	19.77%	-18.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	19.77%	-18.70%

ACLO vs. SUPP - Expense Ratio Comparison

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

Dividends

ACLO vs. SUPP - Dividend Comparison

ACLO's dividend yield for the trailing twelve months is around 4.90%, more than SUPP's 0.28% yield.

Position	TTM	2025	2024	2023
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%	0.00%
SUPP TCW Transform Supply Chain ETF	0.28%	0.35%	0.49%	0.45%

Frequently Asked Questions

Can I hold both ACLO and SUPP in my portfolio?

ACLO and SUPP have a correlation of -0.02, 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 SUPP?

SUPP has higher volatility (8.46%) compared to ACLO (0.19%). In terms of maximum drawdown, ACLO dropped -1.01% vs SUPP's -25.03%.

Which ETF is better, ACLO or SUPP?

On 1-year performance, SUPP leads with 36.89% vs 5.31% for ACLO. On fees, ACLO is cheaper at 0.20% 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.

Which ETF has performed better, ACLO or SUPP?

Over the 1-year period, SUPP has performed better with a 36.89% 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 SUPP?

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

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

ACLO has the higher dividend yield at 4.90%, compared with 0.28% for SUPP.

What is the main difference between ACLO and SUPP?

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

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.32 vs 1.78), 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.