CLOA.DE vs. WTDM.DE
CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) and WTDM.DE (WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc) are both exchange-traded funds - CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while WTDM.DE is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past year, CLOA.DE returned 3.46% vs 17.97% for WTDM.DE. At a 0.03 correlation, their price movements are largely independent. CLOA.DE charges 0.25%/yr vs 0.28%/yr for WTDM.DE.
Performance
CLOA.DE vs. WTDM.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 WTDM.DE's 7.70% return.
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTDM.DE
- 1D
- 0.05%
- 1M
- 4.18%
- YTD
- 7.70%
- 6M
- 7.19%
- 1Y
- 17.97%
- 3Y*
- 13.36%
- 5Y*
- 12.75%
- 10Y*
- —
CLOA.DE vs. WTDM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
WTDM.DE WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc | 7.70% | -1.61% |
Correlation
The correlation between CLOA.DE and WTDM.DE 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 |
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Return for Risk
CLOA.DE vs. WTDM.DE — Risk / Return Rank
CLOA.DE
WTDM.DE
CLOA.DE vs. WTDM.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 WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc (WTDM.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 | WTDM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.34 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 11.09 | 3.27 | +7.82 |
| Martin ratioReturn relative to average drawdown | 35.06 | 11.42 | +23.64 |
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 | WTDM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 1.79 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 0.89 | +1.42 |
Drawdowns
CLOA.DE vs. WTDM.DE - Drawdown Comparison
The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum WTDM.DE drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and WTDM.DE.
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Drawdown Indicators
| CLOA.DE | WTDM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -31.19% | +30.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -5.48% | +5.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.57% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -3.83% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 1.57% | -1.47% |
Volatility
CLOA.DE vs. WTDM.DE - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc (WTDM.DE) has a volatility of 2.26%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than WTDM.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 | WTDM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 2.26% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 6.54% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 9.97% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 13.54% | -12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.42% | 14.96% | -13.54% |
CLOA.DE vs. WTDM.DE - Expense Ratio Comparison
CLOA.DE has a 0.25% expense ratio, which is lower than WTDM.DE's 0.28% expense ratio.
Dividends
CLOA.DE vs. WTDM.DE - Dividend Comparison
Neither CLOA.DE nor WTDM.DE has paid dividends to shareholders.
Frequently Asked Questions
CLOA.DE and WTDM.DE 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.
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 0.28% for WTDM.DE.
CLOA.DE is categorized as CLO, while WTDM.DE is Dividend. CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while WTDM.DE tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.25% for CLOA.DE and 0.28% for WTDM.DE.
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