CLOA.DE vs. ^GSPC

Last updated Jun 5, 2026

CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) is CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while ^GSPC (S&P 500 Index) is an index. At a correlation of -0.20, they often move in opposite directions.

Performance

CLOA.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CLOA.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLOA.DE achieves a 1.37% return, which is significantly lower than ^GSPC's 12.06% return.

CLOA.DE

• 1D: 0.11%
• 1M: 0.34%
• YTD: 1.37%
• 6M: 1.83%
• 1Y: 3.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.00%
• 1M: 4.16%
• YTD: 12.06%
• 6M: 10.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOA.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc	1.37%	2.09%
^GSPC S&P 500 Index	9.98%	10.65%

Correlation

The correlation between CLOA.DE and ^GSPC is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	-0.20

Return for Risk

CLOA.DE vs. ^GSPC — Risk / Return Rank

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

CLOA.DE

CLOA.DE Risk / Return Rank: 91
CLOA.DE Sharpe Ratio Rank: 83
CLOA.DE Sortino Ratio Rank: 90
CLOA.DE Omega Ratio Rank: 89
CLOA.DE Calmar Ratio Rank: 97
CLOA.DE Martin Ratio Rank: 96

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.

CLOA.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) and S&P 500 Index (^GSPC). 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.

	CLOA.DE	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	4.08	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	11.09	—	—
Martin ratio: Return relative to average drawdown	35.06	—	—
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

	CLOA.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.31	1.98	+0.32

Drawdowns

CLOA.DE vs. ^GSPC - Drawdown Comparison

The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum ^GSPC drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and ^GSPC.

Drawdown Indicators

	CLOA.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-0.49%	-7.57%	+7.08%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	—	—
Current Drawdown Current decline from peak	-0.02%	-0.20%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.09%	-1.39%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	—	—

Volatility

Volatility by Period

	CLOA.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.30%	12.22%	-10.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.42%	12.22%	-10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.42%	12.22%	-10.80%

Frequently Asked Questions

Can I hold both CLOA.DE and ^GSPC in my portfolio?

CLOA.DE and ^GSPC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.