BLCV vs. CLOA
BLCV (Blackrock Large Cap Value ETF) and CLOA (iShares AAA CLO Active ETF) are both exchange-traded funds - BLCV is a Large Cap Value Equities fund actively managed by BlackRock, while CLOA is a CLO fund actively managed by BlackRock. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. BLCV charges 0.55%/yr vs 0.20%/yr for CLOA.
Performance
BLCV vs. CLOA - Performance Comparison
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Returns By Period
BLCV
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOA
- 1D
- -0.06%
- 1M
- 0.30%
- 6M
- 2.15%
- YTD
- 2.50%
- 1Y
- 5.09%
- 3Y*
- 6.46%
- 5Y*
- —
- 10Y*
- —
BLCV vs. CLOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BLCV Blackrock Large Cap Value ETF | 6.47% | 19.96% | 12.63% | 14.56% |
CLOA iShares AAA CLO Active ETF | 2.50% | 5.44% | 7.25% | 5.68% |
Correlation
The correlation between BLCV and CLOA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.14 |
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Return for Risk
BLCV vs. CLOA — Risk / Return Rank
BLCV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLOA
BLCV vs. CLOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Value ETF (BLCV) 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.
| BLCV | CLOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 28.93 | — |
| Martin ratioReturn relative to average drawdown | — | 151.41 | — |
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Drawdowns
BLCV vs. CLOA - Drawdown Comparison
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Drawdown Indicators
| BLCV | CLOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -1.34% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.13% | — |
Current DrawdownCurrent decline from peak | — | -0.06% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.05% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
BLCV vs. CLOA - Volatility Comparison
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Volatility by Period
| BLCV | CLOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 0.68% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 1.30% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 1.30% | — |
BLCV vs. CLOA - Expense Ratio Comparison
BLCV has a 0.55% expense ratio, which is higher than CLOA's 0.20% expense ratio.
Dividends
BLCV vs. CLOA - Dividend Comparison
BLCV has not paid dividends to shareholders, while CLOA's dividend yield for the trailing twelve months is around 4.90%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BLCV Blackrock Large Cap Value ETF | 1.01% | 1.37% | 1.63% | 1.02% |
CLOA iShares AAA CLO Active ETF | 4.90% | 5.35% | 6.01% | 5.88% |
Frequently Asked Questions
BLCV and CLOA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLOA is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA is cheaper with a 0.20% expense ratio, compared with 0.55% for BLCV.
CLOA has the higher dividend yield at 4.90%, compared with 1.01% for BLCV.
BLCV is categorized as Large Cap Value Equities, while CLOA is CLO. Their fees differ too: 0.55% for BLCV and 0.20% for CLOA.
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