CLOI vs. CLOA
CLOI (VanEck CLO ETF) and CLOA (iShares AAA CLO Active ETF) are both CLO funds. Both are actively managed. Over the past 3 years, CLOI returned 6.99%/yr vs 6.62%/yr for CLOA. At a 0.14 correlation, their price movements are largely independent. CLOI charges 0.40%/yr vs 0.20%/yr for CLOA.
Performance
CLOI vs. CLOA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CLOI having a 2.31% return and CLOA slightly lower at 2.26%.
CLOI
- 1D
- -0.04%
- 1M
- 0.42%
- YTD
- 2.31%
- 6M
- 2.43%
- 1Y
- 5.45%
- 3Y*
- 6.99%
- 5Y*
- —
- 10Y*
- —
CLOA
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 2.26%
- 6M
- 2.47%
- 1Y
- 5.22%
- 3Y*
- 6.62%
- 5Y*
- —
- 10Y*
- —
CLOI vs. CLOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLOI VanEck CLO ETF | 2.31% | 5.84% | 8.26% | 8.69% |
CLOA iShares AAA CLO Active ETF | 2.26% | 5.44% | 7.25% | 8.38% |
Correlation
The correlation between CLOI and CLOA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023 | 0.14 |
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Return for Risk
CLOI vs. CLOA — Risk / Return Rank
CLOI
CLOA
CLOI vs. CLOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) and iShares AAA CLO Active ETF (CLOA). 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 | CLOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -6.69 | ||
| Omega ratioGain probability vs. loss probability | 2.19 | 3.41 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | 8.76 | 29.67 | -20.91 |
| Martin ratioReturn relative to average drawdown | 41.48 | 151.25 | -109.77 |
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Drawdowns
CLOI vs. CLOA - Drawdown Comparison
The maximum CLOI drawdown since its inception was -3.25%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for CLOI and CLOA.
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Drawdown Indicators
| CLOI | CLOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.25% | -1.34% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.62% | -0.18% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -3.25% | -1.13% | -2.12% |
Current DrawdownCurrent decline from peak | -0.04% | -0.01% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.05% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.03% | +0.10% |
Volatility
CLOI vs. CLOA - Volatility Comparison
VanEck CLO ETF (CLOI) has a higher volatility of 0.23% compared to iShares AAA CLO Active ETF (CLOA) at 0.15%. This indicates that CLOI's price experiences larger fluctuations and is considered to be riskier than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOI | CLOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.15% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 0.49% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.14% | 0.69% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 1.31% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.54% | 1.31% | +1.23% |
CLOI vs. CLOA - Expense Ratio Comparison
CLOI has a 0.40% expense ratio, which is higher than CLOA's 0.20% expense ratio.
Dividends
CLOI vs. CLOA - Dividend Comparison
CLOI's dividend yield for the trailing twelve months is around 5.33%, more than CLOA's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CLOA iShares AAA CLO Active ETF | 4.95% | 5.35% | 6.01% | 5.88% | 0.00% |
CLOI VanEck CLO ETF | 5.33% | 5.61% | 6.71% | 5.61% | 2.23% |
Frequently Asked Questions
CLOI and CLOA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLOI has higher volatility (0.23%) compared to CLOA (0.15%). In terms of maximum drawdown, CLOI dropped -3.25% vs CLOA's -1.34%.
On 3-year performance, CLOI leads with 6.99% vs 6.62% for CLOA. On fees, CLOA is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CLOI has performed better with a 6.99% return vs 6.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLOA 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 4.95% for CLOA.
They also come from different issuers: VanEck and BlackRock. Their fees differ too: 0.40% for CLOI and 0.20% for CLOA.
CLOA currently has the higher Sharpe Ratio (7.57 vs 4.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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