HSRT vs. BCLO

Last updated Jun 4, 2026

HSRT (Hartford AAA CLO ETF) and BCLO (iShares BBB-B CLO Active ETF) are both CLO funds - HSRT tracks the JP Morgan CLOIE AAA Index while BCLO tracks the JP Morgan CLOIE High Quality Mezzanine Index. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. HSRT charges 0.24%/yr vs 0.45%/yr for BCLO.

Performance

HSRT vs. BCLO - Performance Comparison

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

Returns By Period

HSRT

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

BCLO

• 1D: 0.05%
• 1M: 1.24%
• YTD: 2.79%
• 6M: 3.32%
• 1Y: 6.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HSRT vs. BCLO - Yearly Performance Comparison

	2026 (YTD)	2025
HSRT Hartford AAA CLO ETF	0.00%	-0.14%
BCLO iShares BBB-B CLO Active ETF	2.79%	5.43%

Correlation

The correlation between HSRT and BCLO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2025	0.01

Return for Risk

HSRT vs. BCLO — Risk / Return Rank

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

BCLO

BCLO Risk / Return Rank: 85
BCLO Sharpe Ratio Rank: 92
BCLO Sortino Ratio Rank: 95
BCLO Omega Ratio Rank: 97
BCLO Calmar Ratio Rank: 71
BCLO Martin Ratio Rank: 69

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.

HSRT vs. BCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford AAA CLO ETF (HSRT) 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.

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

Sharpe Ratios by Period

	HSRT	BCLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.42	—

Drawdowns

Drawdown Indicators

	HSRT	BCLO	Difference
Max Drawdown Largest peak-to-trough decline	—	-4.45%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.92%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.40%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	HSRT	BCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.03%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.39%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.39%	—

HSRT vs. BCLO - Expense Ratio Comparison

HSRT has a 0.24% expense ratio, which is lower than BCLO's 0.45% expense ratio.

Dividends

HSRT vs. BCLO - Dividend Comparison

HSRT has not paid dividends to shareholders, while BCLO's dividend yield for the trailing twelve months is around 6.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BCLO iShares BBB-B CLO Active ETF	6.59%	6.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HSRT Hartford AAA CLO ETF	0.00%	1.29%	6.37%	3.98%	2.67%	2.23%	2.88%	3.50%	1.62%

Frequently Asked Questions

Can I hold both HSRT and BCLO in my portfolio?

HSRT and BCLO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSRT or BCLO?

On fees, HSRT is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSRT or BCLO?

HSRT is cheaper with a 0.24% expense ratio, compared with 0.45% for BCLO.

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

BCLO has the higher dividend yield at 6.59%, compared with 0.00% for HSRT.

What is the main difference between HSRT and BCLO?

HSRT tracks JP Morgan CLOIE AAA Index, while BCLO tracks JP Morgan CLOIE High Quality Mezzanine Index. They also come from different issuers: Hartford and iShares. Their fees differ too: 0.24% for HSRT and 0.45% for BCLO.