CLOZ vs. AAAD

Last updated Aug 2, 2026

CLOZ (Eldridge BBB-B CLO ETF) and AAAD (PGIM AAA CLO Aggregate Duration ETF) are both CLO funds. Both are actively managed. Their 0.40 correlation means their historical movements had little consistent relationship. CLOZ charges 0.50%/yr vs 0.19%/yr for AAAD.

Performance

CLOZ vs. AAAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eldridge BBB-B CLO ETF (CLOZ) and PGIM AAA CLO Aggregate Duration ETF (AAAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLOZ

• 1D: -0.02%
• 1M: 0.23%
• 6M: 2.09%
• YTD: 3.25%
• 1Y: 6.00%
• 3Y*: 9.07%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.21%

AAAD

• 1D: -0.25%
• 1M: -0.95%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
AAAD PGIM AAA CLO Aggregate Duration ETF	$5.99K	$8.17K	$9.52K
CLOZ Eldridge BBB-B CLO ETF	$8.19M	$11.37M	$8.55M

CLOZ vs. AAAD - Yearly Performance Comparison

	2026 (YTD)
CLOZ Eldridge BBB-B CLO ETF	0.68%
AAAD PGIM AAA CLO Aggregate Duration ETF	-0.41%

Correlation

The correlation between CLOZ and AAAD is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026	0.40

Return for Risk

CLOZ vs. AAAD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLOZ

CLOZ Risk / Return Rank: 63
CLOZ Sharpe Ratio Rank: 74
CLOZ Sortino Ratio Rank: 65
CLOZ Omega Ratio Rank: 90
CLOZ Calmar Ratio Rank: 43
CLOZ Martin Ratio Rank: 44

AAAD

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLOZ vs. AAAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eldridge BBB-B CLO ETF (CLOZ) and PGIM AAA CLO Aggregate Duration ETF (AAAD). 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.

	CLOZ	AAAD	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	1.50	—	—
Martin ratio: Return relative to average drawdown	4.99	—	—

Drawdowns

CLOZ vs. AAAD - Drawdown Comparison

The maximum CLOZ drawdown since its inception was -5.32%, which is greater than AAAD's maximum drawdown of -1.37%. Use the drawdown chart below to compare losses from any high point for CLOZ and AAAD.

Drawdown Indicators

	CLOZ	AAAD	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-1.37%	-3.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.32%	—	—
Current Drawdown Current decline from peak	-0.02%	-1.37%	+1.35%
Average Drawdown Average peak-to-trough decline	-0.37%	-0.55%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	CLOZ	AAAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	3.49%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.75%	3.49%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.75%	3.49%	+0.26%

CLOZ vs. AAAD - Expense Ratio Comparison

CLOZ has a 0.50% expense ratio, which is higher than AAAD's 0.19% expense ratio.

Dividends

CLOZ vs. AAAD - Dividend Comparison

CLOZ's dividend yield for the trailing twelve months is around 7.30%, more than AAAD's 0.80% yield.

Position	TTM	2025	2024	2023
AAAD PGIM AAA CLO Aggregate Duration ETF	0.80%	0.00%	0.00%	0.00%
CLOZ Eldridge BBB-B CLO ETF	7.30%	7.63%	9.09%	8.81%

Frequently Asked Questions

Can I hold both CLOZ and AAAD in my portfolio?

CLOZ and AAAD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLOZ or AAAD?

On fees, AAAD is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOZ or AAAD?

AAAD is cheaper with a 0.19% expense ratio, compared with 0.50% for CLOZ.

Which ETF pays a higher dividend yield, CLOZ or AAAD?

CLOZ has the higher dividend yield at 7.30%, compared with 0.80% for AAAD.

What is the main difference between CLOZ and AAAD?

They also come from different issuers: Eldridge and PGIM. Their fees differ too: 0.50% for CLOZ and 0.19% for AAAD.