CLOA.DE vs. ^STOXX

Last updated Jul 18, 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 ^STOXX (STOXX Europe 600 Index) is an index. Over the past year, CLOA.DE returned 3.53% vs 17.68% for ^STOXX. At a 0.03 correlation, their price movements are largely independent.

Performance

CLOA.DE vs. ^STOXX - 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 STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLOA.DE achieves a 1.81% return, which is significantly lower than ^STOXX's 8.60% return.

CLOA.DE

• 1D: 0.00%
• 1M: 0.23%
• 6M: 1.60%
• YTD: 1.81%
• 1Y: 3.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^STOXX

• 1D: 0.00%
• 1M: 0.69%
• 6M: 4.78%
• YTD: 8.60%
• 1Y: 17.68%
• 3Y*: 11.79%
• 5Y*: 7.20%
• 10Y*: 6.68%

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

CLOA.DE vs. ^STOXX - Yearly Performance Comparison

	2026 (YTD)	2025
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc	1.81%	2.90%
^STOXX STOXX Europe 600 Index	8.60%	9.22%

Correlation

The correlation between CLOA.DE and ^STOXX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025	0.03

Return for Risk

CLOA.DE vs. ^STOXX — 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: 96
CLOA.DE Sharpe Ratio Rank: 95
CLOA.DE Sortino Ratio Rank: 95
CLOA.DE Omega Ratio Rank: 94
CLOA.DE Calmar Ratio Rank: 98
CLOA.DE Martin Ratio Rank: 98

^STOXX

^STOXX Risk / Return Rank: 55
^STOXX Sharpe Ratio Rank: 53
^STOXX Sortino Ratio Rank: 61
^STOXX Omega Ratio Rank: 67
^STOXX Calmar Ratio Rank: 46
^STOXX Martin Ratio Rank: 46

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. ^STOXX - 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 STOXX Europe 600 Index (^STOXX). 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.

	CLOA.DE	^STOXX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	1.46	+1.36
Sortino ratio: Return per unit of downside risk	4.35	2.16	+2.19
Omega ratio: Gain probability vs. loss probability	1.56	1.28	+0.29
Calmar ratio: Return relative to maximum drawdown	13.30	1.87	+11.42
Martin ratio: Return relative to average drawdown	40.88	6.82	+34.06

CLOA.DE vs. ^STOXX - Sharpe Ratio Comparison

The current CLOA.DE Sharpe Ratio is 2.82, which is higher than the ^STOXX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of CLOA.DE and ^STOXX, 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

CLOA.DE vs. ^STOXX - Drawdown Comparison

The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and ^STOXX.

Drawdown Indicators

	CLOA.DE	^STOXX	Difference
Max Drawdown Largest peak-to-trough decline	-0.49%	-60.54%	+60.05%
Max Drawdown (1Y) Largest decline over 1 year	-0.27%	-9.56%	+9.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.55%	—
Current Drawdown Current decline from peak	-0.01%	-1.38%	+1.37%
Average Drawdown Average peak-to-trough decline	-0.08%	-14.54%	+14.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	2.61%	-2.52%

Volatility

CLOA.DE vs. ^STOXX - Volatility Comparison

The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.40%, while STOXX Europe 600 Index (^STOXX) has a volatility of 3.10%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOA.DE	^STOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	3.10%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	0.92%	10.43%	-9.51%
Volatility (1Y) Calculated over the trailing 1-year period	1.25%	12.30%	-11.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.41%	14.19%	-12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.41%	15.13%	-13.72%

Frequently Asked Questions

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

CLOA.DE and ^STOXX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.