CLOA.DE vs. MVOL.L
CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past year, CLOA.DE returned 3.46% vs -0.26% for MVOL.L. At a 0.00 correlation, their price movements are largely independent. CLOA.DE charges 0.25%/yr vs 0.35%/yr for MVOL.L.
Performance
CLOA.DE vs. MVOL.L - Performance Comparison
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Different Trading Currencies
CLOA.DE is traded in EUR, while MVOL.L is traded in USD. To make them comparable, the MVOL.L 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 MVOL.L's 1.81% return.
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVOL.L
- 1D
- -0.10%
- 1M
- 1.43%
- YTD
- 1.81%
- 6M
- 1.71%
- 1Y
- -0.26%
- 3Y*
- 6.39%
- 5Y*
- 6.16%
- 10Y*
- 6.82%
CLOA.DE vs. MVOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 1.81% | -6.28% |
Correlation
The correlation between CLOA.DE and MVOL.L is 0.03, 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 | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.00 |
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Return for Risk
CLOA.DE vs. MVOL.L — Risk / Return Rank
CLOA.DE
MVOL.L
CLOA.DE vs. MVOL.L - 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 iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). 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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +4.06 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.00 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 11.09 | -0.05 | +11.14 |
| Martin ratioReturn relative to average drawdown | 35.06 | -0.11 | +35.17 |
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 | MVOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | -0.03 | +2.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 0.73 | +1.58 |
Drawdowns
CLOA.DE vs. MVOL.L - Drawdown Comparison
The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum MVOL.L drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and MVOL.L.
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Drawdown Indicators
| CLOA.DE | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -28.24% | +27.75% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -5.24% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.24% | — |
Current DrawdownCurrent decline from peak | -0.02% | -6.63% | +6.61% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -4.63% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 2.47% | -2.37% |
Volatility
CLOA.DE vs. MVOL.L - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a volatility of 2.70%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than MVOL.L 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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 2.70% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 6.26% | -5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 8.64% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 10.71% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.42% | 12.14% | -10.72% |
CLOA.DE vs. MVOL.L - Expense Ratio Comparison
CLOA.DE has a 0.25% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.
Dividends
CLOA.DE vs. MVOL.L - Dividend Comparison
Neither CLOA.DE nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
CLOA.DE and MVOL.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLOA.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for MVOL.L.
CLOA.DE is categorized as CLO, while MVOL.L is Global Equities. CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for CLOA.DE and 0.35% for MVOL.L.
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