CLOO vs. AAAC

Last updated Jul 8, 2026

CLOO (NYLI Investment Grade CLO ETF) and AAAC (Columbia AAA CLO ETF) are both CLO funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. CLOO charges 0.25%/yr vs 0.20%/yr for AAAC.

Performance

CLOO vs. AAAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Investment Grade CLO ETF (CLOO) and Columbia AAA CLO ETF (AAAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLOO

• 1D: 0.00%
• 1M: 0.44%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAAC

• 1D: 0.00%
• 1M: 0.38%
• 6M: 2.43%
• YTD: 2.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOO vs. AAAC - Yearly Performance Comparison

	2026 (YTD)
CLOO NYLI Investment Grade CLO ETF	0.98%
AAAC Columbia AAA CLO ETF	0.81%

Correlation

The correlation between CLOO and AAAC is 0.41, 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 May 6, 2026	0.41

Return for Risk

CLOO vs. AAAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Investment Grade CLO ETF (CLOO) 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.

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

Drawdowns

CLOO vs. AAAC - Drawdown Comparison

The maximum CLOO drawdown since its inception was -0.04%, smaller than the maximum AAAC drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for CLOO and AAAC.

Drawdown Indicators

	CLOO	AAAC	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-0.55%	+0.51%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.04%	+0.04%

Volatility

Volatility by Period

	CLOO	AAAC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.50%	0.86%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.50%	0.86%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.50%	0.86%	-0.36%

CLOO vs. AAAC - Expense Ratio Comparison

CLOO has a 0.25% expense ratio, which is higher than AAAC's 0.20% 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

CLOO vs. AAAC - Dividend Comparison

CLOO's dividend yield for the trailing twelve months is around 0.59%, less than AAAC's 2.66% yield.

Position	TTM	2025
AAAC Columbia AAA CLO ETF	2.66%	0.03%
CLOO NYLI Investment Grade CLO ETF	0.59%	0.00%

Frequently Asked Questions

Can I hold both CLOO and AAAC in my portfolio?

CLOO and AAAC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLOO or AAAC?

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.

Which ETF is cheaper, CLOO or AAAC?

AAAC is cheaper with a 0.20% expense ratio, compared with 0.25% for CLOO.

Which ETF pays a higher dividend yield, CLOO or AAAC?

AAAC has the higher dividend yield at 2.66%, compared with 0.59% for CLOO.

What is the main difference between CLOO and AAAC?

They also come from different issuers: New York Life Investment Management and Columbia Threadneedle. Their fees differ too: 0.25% for CLOO and 0.20% for AAAC.