INEQ vs. AAAC

Last updated Jun 23, 2026

INEQ (Columbia International Equity Income ETF) and AAAC (Columbia AAA CLO ETF) are both exchange-traded funds - INEQ is a Foreign Large Cap Equities fund actively managed by Columbia Threadneedle, while AAAC is a CLO fund actively managed by Columbia Threadneedle. Both are actively managed. At a 0.01 correlation, their price movements are largely independent. INEQ charges 0.45%/yr vs 0.20%/yr for AAAC.

Performance

INEQ vs. AAAC - Performance Comparison

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

Returns By Period

In the year-to-date period, INEQ achieves a 6.17% return, which is significantly higher than AAAC's 2.34% return.

INEQ

• 1D: -0.53%
• 1M: -2.02%
• YTD: 6.17%
• 6M: 7.02%
• 1Y: 24.52%
• 3Y*: 19.56%
• 5Y*: 12.08%
• 10Y*: 9.70%

AAAC

• 1D: 0.00%
• 1M: 0.30%
• YTD: 2.34%
• 6M: 2.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INEQ vs. AAAC - Yearly Performance Comparison

	2026 (YTD)	2025
INEQ Columbia International Equity Income ETF	6.17%	2.34%
AAAC Columbia AAA CLO ETF	2.34%	0.15%

Correlation

The correlation between INEQ and AAAC 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 Dec 11, 2025	0.01

Return for Risk

INEQ vs. AAAC — Risk / Return Rank

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

INEQ

INEQ Risk / Return Rank: 54
INEQ Sharpe Ratio Rank: 55
INEQ Sortino Ratio Rank: 53
INEQ Omega Ratio Rank: 53
INEQ Calmar Ratio Rank: 54
INEQ Martin Ratio Rank: 53

AAAC

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

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.

INEQ vs. AAAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) 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.

	INEQ	AAAC	Difference
Sharpe ratio: Return per unit of total volatility	1.79	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	8.91	—	—

Drawdowns

INEQ vs. AAAC - Drawdown Comparison

The maximum INEQ drawdown since its inception was -41.71%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for INEQ and AAAC.

Drawdown Indicators

	INEQ	AAAC	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	-0.55%	-41.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.71%	—	—
Current Drawdown Current decline from peak	-4.54%	0.00%	-4.54%
Average Drawdown Average peak-to-trough decline	-7.04%	-0.04%	-7.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	—	—

Volatility

Volatility by Period

	INEQ	AAAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	0.87%	+12.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	0.87%	+14.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	0.87%	+15.47%

INEQ vs. AAAC - Expense Ratio Comparison

INEQ has a 0.45% expense ratio, which is higher than AAAC's 0.20% expense ratio.

Dividends

INEQ vs. AAAC - Dividend Comparison

INEQ's dividend yield for the trailing twelve months is around 9.29%, more than AAAC's 2.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AAAC Columbia AAA CLO ETF	2.27%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INEQ Columbia International Equity Income ETF	9.29%	9.76%	3.11%	3.27%	3.57%	3.43%	2.64%	3.34%	7.25%	4.63%	2.52%

Frequently Asked Questions

Can I hold both INEQ and AAAC in my portfolio?

INEQ and AAAC 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, INEQ 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, INEQ or AAAC?

AAAC is cheaper with a 0.20% expense ratio, compared with 0.45% for INEQ.

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

INEQ has the higher dividend yield at 9.29%, compared with 2.27% for AAAC.

What is the main difference between INEQ and AAAC?

INEQ is categorized as Foreign Large Cap Equities, while AAAC is CLO. Their fees differ too: 0.45% for INEQ and 0.20% for AAAC.