CLOA.DE vs. ^STOXX

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 ^STOXX (STOXX Europe 600 Index) is an index. Over the past year, CLOA.DE returned 3.46% vs 13.33% 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 1.37% return, which is significantly lower than ^STOXX's 5.45% return.

CLOA.DE

• 1D: 0.11%
• 1M: 0.39%
• YTD: 1.37%
• 6M: 1.66%
• 1Y: 3.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^STOXX

• 1D: 0.52%
• 1M: 2.42%
• YTD: 5.45%
• 6M: 7.88%
• 1Y: 13.33%
• 3Y*: 10.73%
• 5Y*: 6.65%
• 10Y*: 6.19%

*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	1.37%	2.88%
^STOXX STOXX Europe 600 Index	5.45%	6.94%

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 14, 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: 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

^STOXX

^STOXX Risk / Return Rank: 45
^STOXX Sharpe Ratio Rank: 45
^STOXX Sortino Ratio Rank: 45
^STOXX Omega Ratio Rank: 46
^STOXX Calmar Ratio Rank: 42
^STOXX Martin Ratio Rank: 47

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.

	CLOA.DE	^STOXX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	1.07	+1.60
Sortino ratio: Return per unit of downside risk	4.08	1.60	+2.48
Omega ratio: Gain probability vs. loss probability	1.55	1.20	+0.35
Calmar ratio: Return relative to maximum drawdown	11.09	1.37	+9.72
Martin ratio: Return relative to average drawdown	35.06	4.91	+30.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLOA.DE vs. ^STOXX - Sharpe Ratio Comparison

The current CLOA.DE Sharpe Ratio is 2.68, which is higher than the ^STOXX Sharpe Ratio of 1.07. 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.

Sharpe Ratios by Period

	CLOA.DE	^STOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.07	+1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.31	0.31	+2.00

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 -61.04%. 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%	-61.04%	+60.55%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	-9.56%	+9.25%
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	-0.02%	-1.48%	+1.46%
Average Drawdown Average peak-to-trough decline	-0.09%	-16.77%	+16.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	2.67%	-2.57%

Volatility

CLOA.DE vs. ^STOXX - Volatility Comparison

The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while STOXX Europe 600 Index (^STOXX) has a volatility of 3.63%. 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	0.43%	3.63%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	0.95%	10.21%	-9.26%
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%	13.98%	-12.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.42%	15.31%	-13.89%

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.