CLOA vs. CLOC
CLOA (iShares AAA CLO Active ETF) and CLOC (AAM Crescent CLO ETF) are both CLO funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. CLOA charges 0.20%/yr vs 0.49%/yr for CLOC.
Performance
CLOA vs. CLOC - Performance Comparison
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Returns By Period
In the year-to-date period, CLOA achieves a 2.49% return, which is significantly lower than CLOC's 2.84% return.
CLOA
- 1D
- 0.03%
- 1M
- 0.33%
- 6M
- 2.31%
- YTD
- 2.49%
- 1Y
- 5.10%
- 3Y*
- 6.49%
- 5Y*
- —
- 10Y*
- —
CLOC
- 1D
- -0.08%
- 1M
- 0.26%
- 6M
- 2.47%
- YTD
- 2.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOA vs. CLOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA iShares AAA CLO Active ETF | 2.49% | 1.14% |
CLOC AAM Crescent CLO ETF | 2.84% | 0.93% |
Correlation
The correlation between CLOA and CLOC 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 Oct 23, 2025 | 0.12 |
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Return for Risk
CLOA vs. CLOC — Risk / Return Rank
CLOA
CLOC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLOA vs. CLOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AAA CLO Active ETF (CLOA) and AAM Crescent CLO ETF (CLOC). 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 | CLOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 28.99 | — | — |
| Martin ratioReturn relative to average drawdown | 152.61 | — | — |
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Drawdowns
CLOA vs. CLOC - Drawdown Comparison
The maximum CLOA drawdown since its inception was -1.34%, which is greater than CLOC's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for CLOA and CLOC.
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Drawdown Indicators
| CLOA | CLOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.34% | -0.54% | -0.80% |
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 | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.06% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | — | — |
Volatility
CLOA vs. CLOC - Volatility Comparison
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Volatility by Period
| CLOA | CLOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.48% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 0.87% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.30% | 0.87% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.30% | 0.87% | +0.43% |
CLOA vs. CLOC - Expense Ratio Comparison
CLOA has a 0.20% expense ratio, which is lower than CLOC's 0.49% expense ratio.
Dividends
CLOA vs. CLOC - Dividend Comparison
CLOA's dividend yield for the trailing twelve months is around 4.90%, more than CLOC's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CLOA iShares AAA CLO Active ETF | 4.90% | 5.35% | 6.01% | 5.88% |
CLOC AAM Crescent CLO ETF | 4.19% | 1.15% | 0.00% | 0.00% |
Frequently Asked Questions
CLOA and CLOC 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, CLOA is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA is cheaper with a 0.20% expense ratio, compared with 0.49% for CLOC.
CLOA has the higher dividend yield at 4.90%, compared with 4.19% for CLOC.
They also come from different issuers: BlackRock and AAM. Their fees differ too: 0.20% for CLOA and 0.49% for CLOC.
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