BCLO vs. CLOC

Last updated Jun 3, 2026

BCLO (iShares BBB-B CLO Active ETF) and CLOC (AAM Crescent CLO ETF) are both CLO funds. BCLO is passively managed, while CLOC is actively managed. At a 0.29 correlation, their price movements are largely independent. BCLO charges 0.45%/yr vs 0.49%/yr for CLOC.

Performance

BCLO vs. CLOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares BBB-B CLO Active ETF (BCLO) and AAM Crescent CLO ETF (CLOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCLO achieves a 2.74% return, which is significantly higher than CLOC's 2.34% return.

BCLO

• 1D: 0.00%
• 1M: 0.79%
• YTD: 2.74%
• 6M: 3.15%
• 1Y: 6.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOC

• 1D: 0.02%
• 1M: 0.64%
• YTD: 2.34%
• 6M: 2.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCLO vs. CLOC - Yearly Performance Comparison

	2026 (YTD)	2025
BCLO iShares BBB-B CLO Active ETF	2.74%	1.17%
CLOC AAM Crescent CLO ETF	2.34%	0.93%

Correlation

The correlation between BCLO and CLOC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.29

Return for Risk

BCLO vs. CLOC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCLO

BCLO Risk / Return Rank: 85
BCLO Sharpe Ratio Rank: 92
BCLO Sortino Ratio Rank: 95
BCLO Omega Ratio Rank: 97
BCLO Calmar Ratio Rank: 71
BCLO Martin Ratio Rank: 70

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.

BCLO vs. CLOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares BBB-B CLO Active ETF (BCLO) and AAM Crescent CLO ETF (CLOC). 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.

	BCLO	CLOC	Difference
Sharpe ratio Return per unit of total volatility	3.36	—	—
Sortino ratio Return per unit of downside risk	5.33	—	—
Omega ratio Gain probability vs. loss probability	1.87	—	—
Calmar ratio Return relative to maximum drawdown	3.60	—	—
Martin ratio Return relative to average drawdown	13.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BCLO	CLOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	6.12	-4.71

Drawdowns

BCLO vs. CLOC - Drawdown Comparison

The maximum BCLO drawdown since its inception was -4.45%, which is greater than CLOC's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for BCLO and CLOC.

Drawdown Indicators

	BCLO	CLOC	Difference
Max Drawdown Largest peak-to-trough decline	-4.45%	-0.54%	-3.91%
Max Drawdown (1Y) Largest decline over 1 year	-1.92%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.40%	-0.07%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	—	—

Volatility

Volatility by Period

	BCLO	CLOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	0.91%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.40%	0.91%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.40%	0.91%	+3.49%

BCLO vs. CLOC - Expense Ratio Comparison

BCLO has a 0.45% expense ratio, which is lower than CLOC's 0.49% expense ratio.

Dividends

BCLO vs. CLOC - Dividend Comparison

BCLO's dividend yield for the trailing twelve months is around 6.59%, more than CLOC's 3.67% yield.

Position	TTM	2025
BCLO iShares BBB-B CLO Active ETF	6.59%	6.45%
CLOC AAM Crescent CLO ETF	3.67%	1.15%

Frequently Asked Questions

Can I hold both BCLO and CLOC in my portfolio?

BCLO and CLOC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCLO or CLOC?

On fees, BCLO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCLO or CLOC?

BCLO is cheaper with a 0.45% expense ratio, compared with 0.49% for CLOC.

Which ETF pays a higher dividend yield, BCLO or CLOC?

BCLO has the higher dividend yield at 6.59%, compared with 3.67% for CLOC.

What is the main difference between BCLO and CLOC?

They also come from different issuers: iShares and AAM. Their fees differ too: 0.45% for BCLO and 0.49% for CLOC.