FCLO vs. CLOA
Compare and contrast key facts about Fidelity CLO ETF (FCLO) and BlackRock AAA CLO ETF (CLOA).
FCLO and CLOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCLO is an actively managed fund by Fidelity. It was launched on Feb 10, 2026. CLOA is an actively managed fund by BlackRock. It was launched on Jan 10, 2023.
Performance
FCLO vs. CLOA - Performance Comparison
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FCLO vs. CLOA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FCLO Fidelity CLO ETF | 0.06% |
CLOA BlackRock AAA CLO ETF | 0.26% |
Returns By Period
FCLO
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOA
- 1D
- 0.04%
- 1M
- 0.42%
- YTD
- 0.94%
- 6M
- 2.27%
- 1Y
- 5.47%
- 3Y*
- 6.87%
- 5Y*
- —
- 10Y*
- —
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FCLO vs. CLOA - Expense Ratio Comparison
FCLO has a 0.45% expense ratio, which is higher than CLOA's 0.20% expense ratio.
Return for Risk
FCLO vs. CLOA — Risk / Return Rank
FCLO
CLOA
FCLO vs. CLOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity CLO ETF (FCLO) and BlackRock AAA CLO 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FCLO | CLOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 5.12 | -4.81 |
Correlation
The correlation between FCLO and CLOA is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCLO vs. CLOA - Dividend Comparison
FCLO's dividend yield for the trailing twelve months is around 0.54%, less than CLOA's 5.21% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FCLO Fidelity CLO ETF | 0.54% | 0.00% | 0.00% | 0.00% |
CLOA BlackRock AAA CLO ETF | 5.21% | 5.35% | 6.01% | 5.88% |
Drawdowns
FCLO vs. CLOA - Drawdown Comparison
The maximum FCLO drawdown since its inception was -0.58%, smaller than the maximum CLOA drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for FCLO and CLOA.
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Drawdown Indicators
| FCLO | CLOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.58% | -1.34% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.10% | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.04% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -0.06% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.15% | — |
Volatility
FCLO vs. CLOA - Volatility Comparison
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Volatility by Period
| FCLO | CLOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.62% | 1.64% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.62% | 1.35% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.62% | 1.35% | +0.27% |