IS3Q.DE vs. CLOA.DE
IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) and CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) are both exchange-traded funds - IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality, while CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Both are passively managed. Over the past year, IS3Q.DE returned 18.81% vs 3.46% for CLOA.DE. At a correlation of -0.01, they often move in opposite directions. IS3Q.DE charges 0.30%/yr vs 0.25%/yr for CLOA.DE.
Performance
IS3Q.DE vs. CLOA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3Q.DE achieves a 9.47% return, which is significantly higher than CLOA.DE's 1.37% return.
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3Q.DE vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | -1.10% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
Correlation
The correlation between IS3Q.DE and CLOA.DE is -0.04, 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 (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.01 |
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Return for Risk
IS3Q.DE vs. CLOA.DE — Risk / Return Rank
IS3Q.DE
CLOA.DE
IS3Q.DE vs. CLOA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) and Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE). 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.
| IS3Q.DE | CLOA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.55 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 11.09 | -8.12 |
| Martin ratioReturn relative to average drawdown | 11.80 | 35.06 | -23.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS3Q.DE | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.68 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 2.31 | -1.54 |
Drawdowns
IS3Q.DE vs. CLOA.DE - Drawdown Comparison
The maximum IS3Q.DE drawdown since its inception was -32.31%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for IS3Q.DE and CLOA.DE.
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Drawdown Indicators
| IS3Q.DE | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -0.49% | -31.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -0.31% | -6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.02% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -0.09% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 0.10% | +1.50% |
Volatility
IS3Q.DE vs. CLOA.DE - Volatility Comparison
iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) has a higher volatility of 2.37% compared to Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) at 0.43%. This indicates that IS3Q.DE's price experiences larger fluctuations and is considered to be riskier than CLOA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3Q.DE | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 0.43% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 0.95% | +6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 1.30% | +9.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 1.42% | +12.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 1.42% | +13.47% |
IS3Q.DE vs. CLOA.DE - Expense Ratio Comparison
IS3Q.DE has a 0.30% expense ratio, which is higher than CLOA.DE's 0.25% expense ratio.
Dividends
IS3Q.DE vs. CLOA.DE - Dividend Comparison
Neither IS3Q.DE nor CLOA.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3Q.DE and CLOA.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLOA.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IS3Q.DE.
IS3Q.DE is categorized as Global Equities, while CLOA.DE is CLO. IS3Q.DE tracks MSCI World Sector Neutral Quality, while CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for IS3Q.DE and 0.25% for CLOA.DE.
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