BCLO vs. AAAD
BCLO (iShares BBB-B CLO Active ETF) and AAAD (PGIM AAA CLO Aggregate Duration ETF) are both CLO funds. BCLO is passively managed, while AAAD is actively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. BCLO charges 0.45%/yr vs 0.19%/yr for AAAD.
Performance
BCLO vs. AAAD - Performance Comparison
Loading charts...
Returns By Period
BCLO
- 1D
- 0.09%
- 1M
- 0.06%
- 6M
- 2.26%
- YTD
- 3.10%
- 1Y
- 5.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.72%
AAAD
- 1D
- -0.25%
- 1M
- -0.95%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.99K | $8.17K | $9.52K | |
| $627.81K | $426.45K | $315.81K |
BCLO vs. AAAD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BCLO iShares BBB-B CLO Active ETF | 0.35% |
AAAD PGIM AAA CLO Aggregate Duration ETF | -0.41% |
Correlation
The correlation between BCLO and AAAD is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026 | -0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BCLO vs. AAAD — Risk / Return Rank
BCLO
AAAD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BCLO vs. AAAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB-B CLO Active ETF (BCLO) and PGIM AAA CLO Aggregate Duration ETF (AAAD). 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.
| BCLO | AAAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.72 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | — | — |
| Martin ratioReturn relative to average drawdown | 11.27 | — | — |
Loading charts...
Drawdowns
BCLO vs. AAAD - Drawdown Comparison
The maximum BCLO drawdown since its inception was -4.45%, which is greater than AAAD's maximum drawdown of -1.37%. Use the drawdown chart below to compare losses from any high point for BCLO and AAAD.
Loading charts...
Drawdown Indicators
| BCLO | AAAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.45% | -1.37% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -1.37% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -0.55% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
BCLO vs. AAAD - Volatility Comparison
Loading charts...
Volatility by Period
| BCLO | AAAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 3.49% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 3.49% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 3.49% | +0.67% |
BCLO vs. AAAD - Expense Ratio Comparison
BCLO has a 0.45% expense ratio, which is higher than AAAD's 0.19% expense ratio.
Dividends
BCLO vs. AAAD - Dividend Comparison
BCLO's dividend yield for the trailing twelve months is around 6.57%, more than AAAD's 0.80% yield.
| Position | TTM | 2025 |
|---|---|---|
AAAD PGIM AAA CLO Aggregate Duration ETF | 0.80% | 0.00% |
BCLO iShares BBB-B CLO Active ETF | 5.97% | 6.45% |
Frequently Asked Questions
BCLO and AAAD have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAAD is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAAD is cheaper with a 0.19% expense ratio, compared with 0.45% for BCLO.
BCLO has the higher dividend yield at 5.97%, compared with 0.80% for AAAD.
They also come from different issuers: iShares and PGIM. Their fees differ too: 0.45% for BCLO and 0.19% for AAAD.
Find the right allocation for BCLO and AAAD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer