CLOC vs. CLOZ

Last updated Aug 2, 2026

CLOC (AAM Crescent CLO ETF) and CLOZ (Eldridge BBB-B CLO ETF) are both CLO funds. Both are actively managed. Their 0.04 correlation means their historical movements had little consistent relationship. CLOC charges 0.49%/yr vs 0.50%/yr for CLOZ.

Performance

CLOC vs. CLOZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Crescent CLO ETF (CLOC) and Eldridge BBB-B CLO ETF (CLOZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CLOC having a 3.12% return and CLOZ slightly higher at 3.25%.

CLOC

• 1D: 0.04%
• 1M: 0.46%
• 6M: 2.33%
• YTD: 3.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CLOZ

• 1D: -0.02%
• 1M: 0.23%
• 6M: 2.09%
• YTD: 3.25%
• 1Y: 6.00%
• 3Y*: 9.07%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.21%

*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)
CLOC AAM Crescent CLO ETF	$47.16K	$51.25K	$91.02K
CLOZ Eldridge BBB-B CLO ETF	$8.19M	$11.37M	$8.55M

CLOC vs. CLOZ - Yearly Performance Comparison

	2026 (YTD)	2025
CLOC AAM Crescent CLO ETF	3.12%	0.93%
CLOZ Eldridge BBB-B CLO ETF	3.25%	1.31%

Correlation

The correlation between CLOC and CLOZ is 0.04, 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 Oct 23, 2025	0.04

Return for Risk

CLOC vs. CLOZ — Risk / Return Rank

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

CLOC

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

CLOZ

CLOZ Risk / Return Rank: 63
CLOZ Sharpe Ratio Rank: 74
CLOZ Sortino Ratio Rank: 65
CLOZ Omega Ratio Rank: 90
CLOZ Calmar Ratio Rank: 43
CLOZ Martin Ratio Rank: 44

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.

CLOC vs. CLOZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Crescent CLO ETF (CLOC) and Eldridge BBB-B CLO ETF (CLOZ). 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.

	CLOC	CLOZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.68	—
Sortino ratio: Return per unit of downside risk	—	2.15	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	1.50	—
Martin ratio: Return relative to average drawdown	—	4.99	—

Drawdowns

CLOC vs. CLOZ - Drawdown Comparison

The maximum CLOC drawdown since its inception was -0.54%, smaller than the maximum CLOZ drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for CLOC and CLOZ.

Drawdown Indicators

	CLOC	CLOZ	Difference
Max Drawdown Largest peak-to-trough decline	-0.54%	-5.32%	+4.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.32%	—
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.37%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.17%	—

Volatility

Volatility by Period

	CLOC	CLOZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.89%	3.50%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.89%	3.75%	-2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.89%	3.75%	-2.86%

CLOC vs. CLOZ - Expense Ratio Comparison

CLOC has a 0.49% expense ratio, which is lower than CLOZ's 0.50% expense ratio.

Dividends

CLOC vs. CLOZ - Dividend Comparison

CLOC's dividend yield for the trailing twelve months is around 4.72%, less than CLOZ's 7.30% yield.

Position	TTM	2025	2024	2023
CLOC AAM Crescent CLO ETF	4.72%	1.15%	0.00%	0.00%
CLOZ Eldridge BBB-B CLO ETF	7.30%	7.63%	9.09%	8.81%

Frequently Asked Questions

Can I hold both CLOC and CLOZ in my portfolio?

CLOC and CLOZ have a correlation of 0.04, 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 CLOZ?

On fees, CLOC is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOC or CLOZ?

CLOC is cheaper with a 0.49% expense ratio, compared with 0.50% for CLOZ.

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

CLOZ has the higher dividend yield at 7.30%, compared with 4.72% for CLOC.

What is the main difference between CLOC and CLOZ?

They also come from different issuers: AAM and Eldridge. Their fees differ too: 0.49% for CLOC and 0.50% for CLOZ.