BKGI vs. ACLO

Last updated Aug 6, 2026

BKGI (Bny Mellon Global Infrastructure Income ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - BKGI is a Infrastructure Equities fund actively managed by BNY Mellon, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. Over the past year, BKGI returned 17.92% vs 5.11% for ACLO. Their -0.06 correlation means they have often moved in opposite directions in the past. BKGI charges 0.65%/yr vs 0.20%/yr for ACLO.

Performance

BKGI vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bny Mellon Global Infrastructure Income ETF (BKGI) and TCW AAA CLO ETF (ACLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKGI achieves a 12.87% return, which is significantly higher than ACLO's 3.03% return.

BKGI

• 1D: -0.56%
• 1M: 0.65%
• 6M: 6.58%
• YTD: 12.87%
• 1Y: 17.92%
• 3Y*: 21.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.50%

ACLO

• 1D: 0.01%
• 1M: 0.40%
• 6M: 2.39%
• YTD: 3.03%
• 1Y: 5.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACLO TCW AAA CLO ETF	$1.06M	$964.88K	$1.35M
BKGI Bny Mellon Global Infrastructure Income ETF	$18.11M	$14.55M	$11.86M

BKGI vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BKGI Bny Mellon Global Infrastructure Income ETF	12.87%	37.53%	-2.74%
ACLO TCW AAA CLO ETF	3.03%	5.32%	0.81%

Correlation

The correlation between BKGI and ACLO is -0.12, 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.	-0.12
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	-0.06

Return for Risk

BKGI vs. ACLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKGI

BKGI Risk / Return Rank: 61
BKGI Sharpe Ratio Rank: 56
BKGI Sortino Ratio Rank: 56
BKGI Omega Ratio Rank: 56
BKGI Calmar Ratio Rank: 73
BKGI Martin Ratio Rank: 63

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKGI vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) and TCW AAA CLO ETF (ACLO). 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.

	BKGI	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	1.57	7.22	-5.65
Sortino ratio: Return per unit of downside risk	2.20	14.89	-12.69
Omega ratio: Gain probability vs. loss probability	1.28	3.38	-2.09
Calmar ratio: Return relative to maximum drawdown	2.92	19.15	-16.23
Martin ratio: Return relative to average drawdown	8.66	162.03	-153.37

BKGI vs. ACLO - Sharpe Ratio Comparison

The current BKGI Sharpe Ratio is 1.57, which is lower than the ACLO Sharpe Ratio of 7.22. The chart below compares the historical Sharpe Ratios of BKGI and ACLO, 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

BKGI vs. ACLO - Drawdown Comparison

The maximum BKGI drawdown since its inception was -14.79%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for BKGI and ACLO.

Drawdown Indicators

	BKGI	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-1.01%	-13.78%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-0.27%	-5.89%
Max Drawdown (3Y) Largest decline over 3 years	-11.37%	—	—
Current Drawdown Current decline from peak	-2.95%	0.00%	-2.95%
Average Drawdown Average peak-to-trough decline	-2.54%	-0.04%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	0.03%	+2.04%

Volatility

BKGI vs. ACLO - Volatility Comparison

Bny Mellon Global Infrastructure Income ETF (BKGI) has a higher volatility of 2.75% compared to TCW AAA CLO ETF (ACLO) at 0.18%. This indicates that BKGI's price experiences larger fluctuations and is considered to be riskier than ACLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKGI	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	0.18%	+2.57%
Volatility (6M) Calculated over the trailing 6-month period	9.52%	0.56%	+8.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.53%	0.71%	+10.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	1.04%	+12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	1.04%	+12.90%

BKGI vs. ACLO - Expense Ratio Comparison

BKGI has a 0.65% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

BKGI vs. ACLO - Dividend Comparison

BKGI's dividend yield for the trailing twelve months is around 2.92%, less than ACLO's 4.89% yield.

Position	TTM	2025	2024	2023	2022
ACLO TCW AAA CLO ETF	4.89%	4.87%	0.59%	0.00%	0.00%
BKGI Bny Mellon Global Infrastructure Income ETF	2.92%	2.65%	4.55%	4.55%	0.53%

Frequently Asked Questions

Can I hold both BKGI and ACLO in my portfolio?

BKGI and ACLO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKGI or ACLO?

BKGI has higher volatility (2.75%) compared to ACLO (0.18%). In terms of maximum drawdown, BKGI dropped -14.79% vs ACLO's -1.01%.

Which ETF is better, BKGI or ACLO?

On 1-year performance, BKGI leads with 17.92% vs 5.11% for ACLO. On fees, ACLO is cheaper at 0.20% per year. On volatility, ACLO has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKGI or ACLO?

Over the 1-year period, BKGI has performed better with a 17.92% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKGI or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.65% for BKGI.

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

ACLO has the higher dividend yield at 4.89%, compared with 2.92% for BKGI.

What is the main difference between BKGI and ACLO?

BKGI is categorized as Infrastructure Equities, while ACLO is CLO. They also come from different issuers: BNY Mellon and TCW. Their fees differ too: 0.65% for BKGI and 0.20% for ACLO.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.22 vs 1.56), 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.