CLOB vs. AAAC
CLOB (VanEck AA-BB CLO ETF) and AAAC (Columbia AAA CLO ETF) are both CLO funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. CLOB charges 0.45%/yr vs 0.20%/yr for AAAC.
Performance
CLOB vs. AAAC - Performance Comparison
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Returns By Period
In the year-to-date period, CLOB achieves a 1.95% return, which is significantly lower than AAAC's 2.32% return.
CLOB
- 1D
- -0.00%
- 1M
- 0.19%
- YTD
- 1.95%
- 6M
- 1.99%
- 1Y
- 6.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAAC
- 1D
- -0.02%
- 1M
- 0.28%
- YTD
- 2.32%
- 6M
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOB vs. AAAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOB VanEck AA-BB CLO ETF | 1.95% | 0.29% |
AAAC Columbia AAA CLO ETF | 2.32% | 0.15% |
Correlation
The correlation between CLOB and AAAC is 0.15, 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 | 0.15 |
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Return for Risk
CLOB vs. AAAC — Risk / Return Rank
CLOB
AAAC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLOB vs. AAAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck AA-BB CLO ETF (CLOB) 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.
| CLOB | AAAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | — | — |
| Martin ratioReturn relative to average drawdown | 13.58 | — | — |
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Drawdowns
CLOB vs. AAAC - Drawdown Comparison
The maximum CLOB drawdown since its inception was -5.54%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for CLOB and AAAC.
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Drawdown Indicators
| CLOB | AAAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.54% | -0.55% | -4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.02% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.04% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | — | — |
Volatility
CLOB vs. AAAC - Volatility Comparison
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Volatility by Period
| CLOB | AAAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 0.86% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 0.86% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 0.86% | +4.59% |
CLOB vs. AAAC - Expense Ratio Comparison
CLOB has a 0.45% expense ratio, which is higher than AAAC's 0.20% expense ratio.
Dividends
CLOB vs. AAAC - Dividend Comparison
CLOB's dividend yield for the trailing twelve months is around 6.42%, more than AAAC's 2.27% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAAC Columbia AAA CLO ETF | 2.27% | 0.03% | 0.00% |
CLOB VanEck AA-BB CLO ETF | 6.42% | 6.61% | 1.65% |
Frequently Asked Questions
CLOB and AAAC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAAC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAAC is cheaper with a 0.20% expense ratio, compared with 0.45% for CLOB.
CLOB has the higher dividend yield at 6.42%, compared with 2.27% for AAAC.
They also come from different issuers: VanEck and Columbia Threadneedle. Their fees differ too: 0.45% for CLOB and 0.20% for AAAC.
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