CLOA vs. AAAC
CLOA (iShares AAA CLO Active ETF) and AAAC (Columbia AAA CLO ETF) are both CLO funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
CLOA vs. AAAC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CLOA having a 2.26% return and AAAC slightly higher at 2.32%.
CLOA
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 2.26%
- 6M
- 2.47%
- 1Y
- 5.22%
- 3Y*
- 6.62%
- 5Y*
- —
- 10Y*
- —
AAAC
- 1D
- -0.02%
- 1M
- 0.28%
- YTD
- 2.32%
- 6M
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOA vs. AAAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA iShares AAA CLO Active ETF | 2.26% | 0.43% |
AAAC Columbia AAA CLO ETF | 2.32% | 0.15% |
Correlation
The correlation between CLOA and AAAC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.12 |
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Return for Risk
CLOA vs. AAAC — Risk / Return Rank
CLOA
AAAC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLOA vs. AAAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AAA CLO Active ETF (CLOA) and Columbia AAA CLO ETF (AAAC). 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 | AAAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 29.67 | — | — |
| Martin ratioReturn relative to average drawdown | 151.25 | — | — |
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Drawdowns
CLOA vs. AAAC - Drawdown Comparison
The maximum CLOA drawdown since its inception was -1.34%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for CLOA and AAAC.
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Drawdown Indicators
| CLOA | AAAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.34% | -0.55% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.13% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.02% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.04% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | — | — |
Volatility
CLOA vs. AAAC - Volatility Comparison
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Volatility by Period
| CLOA | AAAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.69% | 0.86% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.31% | 0.86% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.31% | 0.86% | +0.45% |
CLOA vs. AAAC - Expense Ratio Comparison
Both CLOA and AAAC have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CLOA vs. AAAC - Dividend Comparison
CLOA's dividend yield for the trailing twelve months is around 4.95%, more than AAAC's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAAC Columbia AAA CLO ETF | 2.27% | 0.03% | 0.00% | 0.00% |
CLOA iShares AAA CLO Active ETF | 4.95% | 5.35% | 6.01% | 5.88% |
Frequently Asked Questions
CLOA and AAAC 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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA and AAAC have the same expense ratio: 0.20% per year.
CLOA has the higher dividend yield at 4.95%, compared with 2.27% for AAAC.
They also come from different issuers: BlackRock and Columbia Threadneedle.
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