CLOA.DE vs. 6PSE.DE
CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past year, CLOA.DE returned 3.46% vs 25.21% for 6PSE.DE. At a correlation of -0.06, they often move in opposite directions. CLOA.DE charges 0.25%/yr vs 0.05%/yr for 6PSE.DE.
Performance
CLOA.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CLOA.DE achieves a 1.37% return, which is significantly lower than 6PSE.DE's 11.33% return.
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 5.37%
- YTD
- 11.33%
- 6M
- 11.30%
- 1Y
- 25.21%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
CLOA.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 1.39% |
Correlation
The correlation between CLOA.DE and 6PSE.DE is -0.12, 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 (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.06 |
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Return for Risk
CLOA.DE vs. 6PSE.DE — Risk / Return Rank
CLOA.DE
6PSE.DE
CLOA.DE vs. 6PSE.DE - 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 Invesco MSCI USA UCITS ETF Dist (6PSE.DE). 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 | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.40 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 11.09 | 3.44 | +7.65 |
| Martin ratioReturn relative to average drawdown | 35.06 | 11.99 | +23.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLOA.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.15 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 0.93 | +1.38 |
Drawdowns
CLOA.DE vs. 6PSE.DE - Drawdown Comparison
The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum 6PSE.DE drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and 6PSE.DE.
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Drawdown Indicators
| CLOA.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -23.70% | +23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -7.31% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.70% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.41% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -4.83% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 2.10% | -2.00% |
Volatility
CLOA.DE vs. 6PSE.DE - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while Invesco MSCI USA UCITS ETF Dist (6PSE.DE) has a volatility of 2.73%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOA.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 2.73% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 7.68% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 11.65% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 15.41% | -13.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.42% | 15.41% | -13.99% |
CLOA.DE vs. 6PSE.DE - Expense Ratio Comparison
CLOA.DE has a 0.25% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CLOA.DE vs. 6PSE.DE - Dividend Comparison
CLOA.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLOA.DE and 6PSE.DE 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.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for CLOA.DE.
CLOA.DE is categorized as CLO, while 6PSE.DE is Large Cap Blend Equities. CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.25% for CLOA.DE and 0.05% for 6PSE.DE.
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