CLOC vs. AAAD

Last updated Jul 12, 2026

CLOC (AAM Crescent CLO ETF) and AAAD (PGIM AAA CLO Aggregate Duration ETF) are both CLO funds. Both are actively managed. At a correlation of -0.15, they often move in opposite directions. CLOC charges 0.49%/yr vs 0.19%/yr for AAAD.

Performance

CLOC vs. AAAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Crescent CLO ETF (CLOC) and PGIM AAA CLO Aggregate Duration ETF (AAAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLOC

• 1D: 0.04%
• 1M: 0.40%
• 6M: 2.63%
• YTD: 2.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAAD

• 1D: -0.06%
• 1M: -0.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOC vs. AAAD - Yearly Performance Comparison

	2026 (YTD)
CLOC AAM Crescent CLO ETF	0.52%
AAAD PGIM AAA CLO Aggregate Duration ETF	0.10%

Correlation

The correlation between CLOC and AAAD is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026	-0.15

Return for Risk

CLOC vs. AAAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Crescent CLO ETF (CLOC) and PGIM AAA CLO Aggregate Duration ETF (AAAD). 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.

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

Drawdowns

CLOC vs. AAAD - Drawdown Comparison

The maximum CLOC drawdown since its inception was -0.54%, smaller than the maximum AAAD drawdown of -0.96%. Use the drawdown chart below to compare losses from any high point for CLOC and AAAD.

Drawdown Indicators

	CLOC	AAAD	Difference
Max Drawdown Largest peak-to-trough decline	-0.54%	-0.96%	+0.42%
Current Drawdown Current decline from peak	0.00%	-0.86%	+0.86%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.29%	+0.23%

Volatility

Volatility by Period

	CLOC	AAAD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.87%	3.72%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.87%	3.72%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.87%	3.72%	-2.85%

CLOC vs. AAAD - Expense Ratio Comparison

CLOC has a 0.49% expense ratio, which is higher than AAAD's 0.19% expense ratio.

Dividends

CLOC vs. AAAD - Dividend Comparison

CLOC's dividend yield for the trailing twelve months is around 4.19%, more than AAAD's 0.03% yield.

Position	TTM	2025
AAAD PGIM AAA CLO Aggregate Duration ETF	0.03%	0.00%
CLOC AAM Crescent CLO ETF	4.19%	1.15%

Frequently Asked Questions

Can I hold both CLOC and AAAD in my portfolio?

CLOC and AAAD 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.

Which ETF is better, CLOC or AAAD?

On fees, AAAD is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOC or AAAD?

AAAD is cheaper with a 0.19% expense ratio, compared with 0.49% for CLOC.

Which ETF pays a higher dividend yield, CLOC or AAAD?

CLOC has the higher dividend yield at 4.19%, compared with 0.03% for AAAD.

What is the main difference between CLOC and AAAD?

They also come from different issuers: AAM and PGIM. Their fees differ too: 0.49% for CLOC and 0.19% for AAAD.