BEMB vs. CLOA
BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) and CLOA (iShares AAA CLO Active ETF) are both exchange-traded funds - BEMB is a Emerging Markets Bonds fund actively managed by iShares, while CLOA is a CLO fund actively managed by BlackRock. Both are actively managed. Over the past 3 years, BEMB returned 8.46%/yr vs 6.62%/yr for CLOA. At a 0.08 correlation, their price movements are largely independent. BEMB charges 0.18%/yr vs 0.20%/yr for CLOA.
Performance
BEMB vs. CLOA - Performance Comparison
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Returns By Period
In the year-to-date period, BEMB achieves a 1.56% return, which is significantly lower than CLOA's 2.26% return.
BEMB
- 1D
- -0.11%
- 1M
- 1.20%
- YTD
- 1.56%
- 6M
- 1.82%
- 1Y
- 8.89%
- 3Y*
- 8.46%
- 5Y*
- —
- 10Y*
- —
CLOA
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 2.26%
- 6M
- 2.47%
- 1Y
- 5.22%
- 3Y*
- 6.62%
- 5Y*
- —
- 10Y*
- —
BEMB vs. CLOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 1.56% | 12.27% | 5.51% | 8.88% |
CLOA iShares AAA CLO Active ETF | 2.26% | 5.44% | 7.25% | 6.31% |
Correlation
The correlation between BEMB and CLOA is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.08 |
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Return for Risk
BEMB vs. CLOA — Risk / Return Rank
BEMB
CLOA
BEMB vs. CLOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) and iShares AAA CLO Active ETF (CLOA). 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.
| BEMB | CLOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.51 | ||
| Sortino ratioReturn per unit of downside risk | -11.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 3.41 | -2.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 29.67 | -27.23 |
| Martin ratioReturn relative to average drawdown | 10.44 | 151.25 | -140.81 |
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Drawdowns
BEMB vs. CLOA - Drawdown Comparison
The maximum BEMB drawdown since its inception was -6.17%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for BEMB and CLOA.
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Drawdown Indicators
| BEMB | CLOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.17% | -1.34% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -0.18% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -1.13% | -5.04% |
Current DrawdownCurrent decline from peak | -0.45% | -0.01% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -0.05% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.03% | +0.82% |
Volatility
BEMB vs. CLOA - Volatility Comparison
Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) has a higher volatility of 1.35% compared to iShares AAA CLO Active ETF (CLOA) at 0.15%. This indicates that BEMB's price experiences larger fluctuations and is considered to be riskier than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEMB | CLOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.15% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 0.49% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 0.69% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 1.31% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 1.31% | +4.56% |
BEMB vs. CLOA - Expense Ratio Comparison
BEMB has a 0.18% expense ratio, which is lower than CLOA's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BEMB vs. CLOA - Dividend Comparison
BEMB's dividend yield for the trailing twelve months is around 6.86%, more than CLOA's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.86% | 6.88% | 6.31% | 5.46% |
CLOA iShares AAA CLO Active ETF | 4.95% | 5.35% | 6.01% | 5.88% |
Frequently Asked Questions
BEMB and CLOA have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEMB has higher volatility (1.35%) compared to CLOA (0.15%). In terms of maximum drawdown, BEMB dropped -6.17% vs CLOA's -1.34%.
On 3-year performance, BEMB leads with 8.46% vs 6.62% for CLOA. On fees, BEMB is cheaper at 0.18% per year. On volatility, CLOA has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BEMB has performed better with a 8.46% return vs 6.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.20% for CLOA.
BEMB has the higher dividend yield at 6.86%, compared with 4.95% for CLOA.
BEMB is categorized as Emerging Markets Bonds, while CLOA is CLO. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.18% for BEMB and 0.20% for CLOA.
CLOA currently has the higher Sharpe Ratio (7.57 vs 2.06), 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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