CLOI vs. AAAC
CLOI (VanEck CLO ETF) and AAAC (Columbia AAA CLO ETF) are both CLO funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. CLOI charges 0.40%/yr vs 0.20%/yr for AAAC.
Performance
CLOI vs. AAAC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CLOI having a 2.31% return and AAAC slightly higher at 2.32%.
CLOI
- 1D
- -0.04%
- 1M
- 0.42%
- YTD
- 2.31%
- 6M
- 2.43%
- 1Y
- 5.45%
- 3Y*
- 6.99%
- 5Y*
- —
- 10Y*
- —
AAAC
- 1D
- -0.02%
- 1M
- 0.28%
- YTD
- 2.32%
- 6M
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOI vs. AAAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOI VanEck CLO ETF | 2.31% | 0.33% |
AAAC Columbia AAA CLO ETF | 2.32% | 0.15% |
Correlation
The correlation between CLOI and AAAC is 0.23, 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 | 0.23 |
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Return for Risk
CLOI vs. AAAC — Risk / Return Rank
CLOI
AAAC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLOI vs. AAAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) 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.
| CLOI | AAAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.76 | — | — |
| Martin ratioReturn relative to average drawdown | 41.48 | — | — |
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Drawdowns
CLOI vs. AAAC - Drawdown Comparison
The maximum CLOI drawdown since its inception was -3.25%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for CLOI and AAAC.
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Drawdown Indicators
| CLOI | AAAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.25% | -0.55% | -2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.25% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.02% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.04% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | — | — |
Volatility
CLOI vs. AAAC - Volatility Comparison
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Volatility by Period
| CLOI | AAAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.14% | 0.86% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 0.86% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.54% | 0.86% | +1.68% |
CLOI vs. AAAC - Expense Ratio Comparison
CLOI has a 0.40% expense ratio, which is higher than AAAC's 0.20% expense ratio.
Dividends
CLOI vs. AAAC - Dividend Comparison
CLOI's dividend yield for the trailing twelve months is around 5.33%, more than AAAC's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AAAC Columbia AAA CLO ETF | 2.27% | 0.03% | 0.00% | 0.00% | 0.00% |
CLOI VanEck CLO ETF | 5.33% | 5.61% | 6.71% | 5.61% | 2.23% |
Frequently Asked Questions
CLOI and AAAC have a correlation of 0.23, 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 0.40% for CLOI.
CLOI has the higher dividend yield at 5.33%, compared with 2.27% for AAAC.
They also come from different issuers: VanEck and Columbia Threadneedle. Their fees differ too: 0.40% for CLOI and 0.20% for AAAC.
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