CLOB vs. CLOO

Last updated Aug 4, 2026

CLOB (VanEck AA-BB CLO ETF) and CLOO (NYLI Investment Grade CLO ETF) are both CLO funds. Both are actively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. CLOB charges 0.45%/yr vs 0.25%/yr for CLOO.

Performance

CLOB vs. CLOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck AA-BB CLO ETF (CLOB) and NYLI Investment Grade CLO ETF (CLOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLOB

• 1D: 0.10%
• 1M: 0.48%
• 6M: 1.90%
• YTD: 2.62%
• 1Y: 5.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.70%

CLOO

• 1D: -0.02%
• 1M: 0.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLOB VanEck AA-BB CLO ETF	$1.41M	$885.70K	$614.19K
CLOO NYLI Investment Grade CLO ETF	$1.27K	$245.87K	$339.87K

CLOB vs. CLOO - Yearly Performance Comparison

	2026 (YTD)
CLOB VanEck AA-BB CLO ETF	1.08%
CLOO NYLI Investment Grade CLO ETF	1.32%

Correlation

The correlation between CLOB and CLOO is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	-0.07

Return for Risk

CLOB vs. CLOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLOB

CLOB Risk / Return Rank: 86
CLOB Sharpe Ratio Rank: 85
CLOB Sortino Ratio Rank: 86
CLOB Omega Ratio Rank: 91
CLOB Calmar Ratio Rank: 80
CLOB Martin Ratio Rank: 86

CLOO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLOB vs. CLOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck AA-BB CLO ETF (CLOB) and NYLI Investment Grade CLO ETF (CLOO). 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	CLOO	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	2.94	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	2.96	—	—
Martin ratio: Return relative to average drawdown	12.76	—	—

Drawdowns

CLOB vs. CLOO - Drawdown Comparison

The maximum CLOB drawdown since its inception was -5.54%, which is greater than CLOO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for CLOB and CLOO.

Drawdown Indicators

	CLOB	CLOO	Difference
Max Drawdown Largest peak-to-trough decline	-5.54%	-0.04%	-5.50%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	—	—
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.28%	0.00%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	CLOB	CLOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.84%	0.47%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.29%	0.47%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.29%	0.47%	+4.82%

CLOB vs. CLOO - Expense Ratio Comparison

CLOB has a 0.45% expense ratio, which is higher than CLOO's 0.25% expense ratio.

Dividends

CLOB vs. CLOO - Dividend Comparison

CLOB's dividend yield for the trailing twelve months is around 6.23%, more than CLOO's 0.99% yield.

Position	TTM	2025	2024
CLOB VanEck AA-BB CLO ETF	6.23%	6.61%	1.65%
CLOO NYLI Investment Grade CLO ETF	0.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLOB and CLOO in my portfolio?

CLOB and CLOO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLOB or CLOO?

On fees, CLOO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOB or CLOO?

CLOO is cheaper with a 0.25% expense ratio, compared with 0.45% for CLOB.

Which ETF pays a higher dividend yield, CLOB or CLOO?

CLOB has the higher dividend yield at 6.23%, compared with 0.99% for CLOO.

What is the main difference between CLOB and CLOO?

They also come from different issuers: VanEck and New York Life. Their fees differ too: 0.45% for CLOB and 0.25% for CLOO.