CLOO vs. BCLO

Last updated Jul 28, 2026

CLOO (NYLI Investment Grade CLO ETF) and BCLO (iShares BBB-B CLO Active ETF) are both CLO funds. CLOO is actively managed, while BCLO is passively managed. Their -0.23 correlation means they have often moved in opposite directions in the past. CLOO charges 0.25%/yr vs 0.45%/yr for BCLO.

Performance

CLOO vs. BCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Investment Grade CLO ETF (CLOO) and iShares BBB-B CLO Active ETF (BCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLOO

• 1D: 0.04%
• 1M: 0.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BCLO

• 1D: 0.03%
• 1M: 0.14%
• 6M: 2.33%
• YTD: 3.10%
• 1Y: 5.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.76%

*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)
BCLO iShares BBB-B CLO Active ETF	$292.78K	$465.82K	$269.92K
CLOO NYLI Investment Grade CLO ETF	$7.64K	$259.67K	$370.21K

CLOO vs. BCLO - Yearly Performance Comparison

	2026 (YTD)
CLOO NYLI Investment Grade CLO ETF	1.26%
BCLO iShares BBB-B CLO Active ETF	1.53%

Correlation

The correlation between CLOO and BCLO is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	-0.23

Return for Risk

CLOO vs. BCLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOO

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

BCLO

BCLO Risk / Return Rank: 91
BCLO Sharpe Ratio Rank: 96
BCLO Sortino Ratio Rank: 97
BCLO Omega Ratio Rank: 97
BCLO Calmar Ratio Rank: 82
BCLO Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLOO vs. BCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Investment Grade CLO ETF (CLOO) and iShares BBB-B CLO Active ETF (BCLO). 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.

	CLOO	BCLO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.97	—
Sortino ratio: Return per unit of downside risk	—	4.68	—
Omega ratio: Gain probability vs. loss probability	—	1.75	—
Calmar ratio: Return relative to maximum drawdown	—	3.13	—
Martin ratio: Return relative to average drawdown	—	11.54	—

Drawdowns

CLOO vs. BCLO - Drawdown Comparison

The maximum CLOO drawdown since its inception was -0.04%, smaller than the maximum BCLO drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for CLOO and BCLO.

Drawdown Indicators

	CLOO	BCLO	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-4.45%	+4.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.92%	—
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	0.00%	-0.37%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	CLOO	BCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.45%	2.03%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.45%	4.18%	-3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.45%	4.18%	-3.73%

CLOO vs. BCLO - Expense Ratio Comparison

CLOO has a 0.25% expense ratio, which is lower than BCLO's 0.45% expense ratio.

Dividends

CLOO vs. BCLO - Dividend Comparison

CLOO's dividend yield for the trailing twelve months is around 0.59%, less than BCLO's 6.57% yield.

Position	TTM	2025
BCLO iShares BBB-B CLO Active ETF	6.57%	6.45%
CLOO NYLI Investment Grade CLO ETF	0.59%	0.00%

Frequently Asked Questions

Can I hold both CLOO and BCLO in my portfolio?

CLOO and BCLO 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.

Which ETF is better, CLOO or BCLO?

On fees, CLOO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOO or BCLO?

CLOO is cheaper with a 0.25% expense ratio, compared with 0.45% for BCLO.

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

BCLO has the higher dividend yield at 6.57%, compared with 0.59% for CLOO.

What is the main difference between CLOO and BCLO?

They also come from different issuers: New York Life Investment Management and iShares. Their fees differ too: 0.25% for CLOO and 0.45% for BCLO.