CLOD.DE vs. 6PSE.DE
CLOD.DE (Invesco EUR AAA CLO UCITS ETF Dist) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - CLOD.DE is a CLO fund actively managed by Invesco, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. CLOD.DE is actively managed, while 6PSE.DE is passively managed. Over the past year, CLOD.DE returned 3.39% vs 25.21% for 6PSE.DE. At a 0.02 correlation, their price movements are largely independent. CLOD.DE charges 0.25%/yr vs 0.05%/yr for 6PSE.DE.
Performance
CLOD.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CLOD.DE achieves a 1.46% return, which is significantly lower than 6PSE.DE's 11.33% return.
CLOD.DE
- 1D
- 0.01%
- 1M
- 0.35%
- YTD
- 1.46%
- 6M
- 1.67%
- 1Y
- 3.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 5.37%
- YTD
- 11.33%
- 6M
- 11.30%
- 1Y
- 25.21%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
CLOD.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOD.DE Invesco EUR AAA CLO UCITS ETF Dist | 1.46% | 2.50% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 1.39% |
Correlation
The correlation between CLOD.DE and 6PSE.DE is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.02 |
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Return for Risk
CLOD.DE vs. 6PSE.DE — Risk / Return Rank
CLOD.DE
6PSE.DE
CLOD.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR AAA CLO UCITS ETF Dist (CLOD.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.DE). 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.
| CLOD.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.40 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 9.97 | 3.44 | +6.54 |
| Martin ratioReturn relative to average drawdown | 35.80 | 11.99 | +23.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLOD.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 2.15 | +1.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.85 | 0.93 | +1.92 |
Drawdowns
CLOD.DE vs. 6PSE.DE - Drawdown Comparison
The maximum CLOD.DE drawdown since its inception was -0.62%, smaller than the maximum 6PSE.DE drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for CLOD.DE and 6PSE.DE.
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Drawdown Indicators
| CLOD.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.62% | -23.70% | +23.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -7.31% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.70% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -4.83% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.10% | -2.01% |
Volatility
CLOD.DE vs. 6PSE.DE - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Dist (CLOD.DE) is 0.30%, while Invesco MSCI USA UCITS ETF Dist (6PSE.DE) has a volatility of 2.73%. This indicates that CLOD.DE experiences smaller price fluctuations and is considered to be less risky than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOD.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 2.73% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 7.68% | -6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 11.65% | -10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.07% | 15.41% | -14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.07% | 15.41% | -14.34% |
CLOD.DE vs. 6PSE.DE - Expense Ratio Comparison
CLOD.DE has a 0.25% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CLOD.DE vs. 6PSE.DE - Dividend Comparison
CLOD.DE's dividend yield for the trailing twelve months is around 3.30%, more than 6PSE.DE's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
CLOD.DE Invesco EUR AAA CLO UCITS ETF Dist | 3.30% | 2.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLOD.DE and 6PSE.DE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for CLOD.DE.
CLOD.DE is categorized as CLO, while 6PSE.DE is Large Cap Blend Equities. Their fees differ too: 0.25% for CLOD.DE and 0.05% for 6PSE.DE.
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