CLOA vs. LQDH

In the year-to-date period, CLOA achieves a 1.72% return, which is significantly higher than LQDH's 0.68% return.

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CLOA has a 0.20% expense ratio, which is lower than LQDH's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

This table presents a comparison of risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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.

The current CLOA Sharpe Ratio is 3.54, which is higher than the LQDH Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of CLOA and LQDH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Neither CLOA nor LQDH has paid dividends to shareholders.

The maximum CLOA drawdown since its inception was -1.34%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for CLOA and LQDH. For additional features, visit the drawdowns tool.

The current volatility for BlackRock AAA CLO ETF (CLOA) is 0.74%, while iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a volatility of 1.32%. This indicates that CLOA experiences smaller price fluctuations and is considered to be less risky than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.