ISVL vs. ACLO
ISVL (iShares International Developed Small Cap Value Factor ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - ISVL is a Small Cap Value Equities fund tracking the FTSE Developed ex US ex Korea Small Cap Focused Value Index, while ACLO is a CLO fund actively managed by TCW. ISVL is passively managed, while ACLO is actively managed. Over the past year, ISVL returned 29.74% vs 5.31% for ACLO. At a correlation of -0.14, they often move in opposite directions. ISVL charges 0.30%/yr vs 0.20%/yr for ACLO.
Performance
ISVL vs. ACLO - Performance Comparison
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Returns By Period
In the year-to-date period, ISVL achieves a 9.12% return, which is significantly higher than ACLO's 2.41% return.
ISVL
- 1D
- 0.28%
- 1M
- 0.13%
- YTD
- 9.12%
- 6M
- 9.39%
- 1Y
- 29.74%
- 3Y*
- 22.30%
- 5Y*
- 11.08%
- 10Y*
- —
ACLO
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 2.41%
- 6M
- 2.53%
- 1Y
- 5.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISVL vs. ACLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISVL iShares International Developed Small Cap Value Factor ETF | 9.12% | 42.84% | -0.58% |
ACLO TCW AAA CLO ETF | 2.41% | 5.32% | 0.81% |
Correlation
The correlation between ISVL and ACLO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | -0.14 |
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Return for Risk
ISVL vs. ACLO — Risk / Return Rank
ISVL
ACLO
ISVL vs. ACLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Small Cap Value Factor ETF (ISVL) and TCW AAA CLO ETF (ACLO). 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.
| ISVL | ACLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.30 | ||
| Sortino ratioReturn per unit of downside risk | -12.31 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 3.44 | -2.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 19.90 | -17.50 |
| Martin ratioReturn relative to average drawdown | 9.34 | 165.46 | -156.12 |
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Drawdowns
ISVL vs. ACLO - Drawdown Comparison
The maximum ISVL drawdown since its inception was -30.48%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for ISVL and ACLO.
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Drawdown Indicators
| ISVL | ACLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -1.01% | -29.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -0.27% | -12.21% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | 0.00% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -0.04% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 0.03% | +3.16% |
Volatility
ISVL vs. ACLO - Volatility Comparison
iShares International Developed Small Cap Value Factor ETF (ISVL) has a higher volatility of 4.43% compared to TCW AAA CLO ETF (ACLO) at 0.19%. This indicates that ISVL's price experiences larger fluctuations and is considered to be riskier than ACLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVL | ACLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 0.19% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 0.58% | +11.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 0.73% | +14.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 1.07% | +15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 1.07% | +15.70% |
ISVL vs. ACLO - Expense Ratio Comparison
ISVL has a 0.30% expense ratio, which is higher than ACLO's 0.20% expense ratio.
Dividends
ISVL vs. ACLO - Dividend Comparison
ISVL's dividend yield for the trailing twelve months is around 3.16%, less than ACLO's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ACLO TCW AAA CLO ETF | 4.90% | 4.87% | 0.59% | 0.00% | 0.00% | 0.00% |
ISVL iShares International Developed Small Cap Value Factor ETF | 3.16% | 2.69% | 3.92% | 3.82% | 3.37% | 2.82% |
Frequently Asked Questions
ISVL and ACLO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVL has higher volatility (4.43%) compared to ACLO (0.19%). In terms of maximum drawdown, ISVL dropped -30.48% vs ACLO's -1.01%.
On 1-year performance, ISVL leads with 29.74% vs 5.31% for ACLO. On fees, ACLO is cheaper at 0.20% per year. On volatility, ACLO has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISVL has performed better with a 29.74% return vs 5.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ACLO is cheaper with a 0.20% expense ratio, compared with 0.30% for ISVL.
ACLO has the higher dividend yield at 4.90%, compared with 3.16% for ISVL.
ISVL is categorized as Small Cap Value Equities, while ACLO is CLO. They also come from different issuers: iShares and TCW. Their fees differ too: 0.30% for ISVL and 0.20% for ACLO.
ACLO currently has the higher Sharpe Ratio (7.32 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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