IWFG vs. CLOO

Last updated Aug 2, 2026

IWFG (NYLI Winslow Focused Large Cap Growth ETF) and CLOO (NYLI Investment Grade CLO ETF) are both exchange-traded funds - IWFG is a Large Cap Growth Equities fund actively managed by New York Life, while CLOO is a CLO fund actively managed by New York Life. Both are actively managed. Their 0.07 correlation means their historical movements had little consistent relationship. IWFG charges 0.46%/yr vs 0.25%/yr for CLOO.

Performance

IWFG vs. CLOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Investment Grade CLO ETF (CLOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWFG

• 1D: 2.22%
• 1M: 0.09%
• 6M: 2.87%
• YTD: -0.56%
• 1Y: 3.04%
• 3Y*: 19.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.99%

CLOO

• 1D: 0.08%
• 1M: 0.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLOO NYLI Investment Grade CLO ETF	$1.27K	$245.87K	$345.54K
IWFG NYLI Winslow Focused Large Cap Growth ETF	$10.80K	$36.95K	$116.85K

IWFG vs. CLOO - Yearly Performance Comparison

	2026 (YTD)
IWFG NYLI Winslow Focused Large Cap Growth ETF	1.35%
CLOO NYLI Investment Grade CLO ETF	1.34%

Correlation

The correlation between IWFG and CLOO is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	0.07

Return for Risk

IWFG vs. CLOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IWFG

IWFG Risk / Return Rank: 11
IWFG Sharpe Ratio Rank: 12
IWFG Sortino Ratio Rank: 11
IWFG Omega Ratio Rank: 11
IWFG Calmar Ratio Rank: 11
IWFG Martin Ratio Rank: 11

CLOO

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IWFG vs. CLOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Investment Grade CLO ETF (CLOO). 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.

	IWFG	CLOO	Difference
Sharpe ratio: Return per unit of total volatility	0.03	—	—
Sortino ratio: Return per unit of downside risk	0.18	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	0.03	—	—
Martin ratio: Return relative to average drawdown	0.09	—	—

Drawdowns

IWFG vs. CLOO - Drawdown Comparison

The maximum IWFG drawdown since its inception was -21.97%, which is greater than CLOO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for IWFG and CLOO.

Drawdown Indicators

	IWFG	CLOO	Difference
Max Drawdown Largest peak-to-trough decline	-21.97%	-0.04%	-21.93%
Max Drawdown (1Y) Largest decline over 1 year	-20.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.97%	—	—
Current Drawdown Current decline from peak	-5.31%	0.00%	-5.31%
Average Drawdown Average peak-to-trough decline	-4.16%	0.00%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.20%	—	—

Volatility

Volatility by Period

	IWFG	CLOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	0.46%	+18.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.61%	0.46%	+20.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.61%	0.46%	+20.15%

IWFG vs. CLOO - Expense Ratio Comparison

IWFG has a 0.46% expense ratio, which is higher than CLOO's 0.25% expense ratio.

Dividends

IWFG vs. CLOO - Dividend Comparison

IWFG has not paid dividends to shareholders, while CLOO's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024	2023	2022
CLOO NYLI Investment Grade CLO ETF	0.99%	0.00%	0.00%	0.00%	0.00%
IWFG NYLI Winslow Focused Large Cap Growth ETF	0.00%	0.00%	5.44%	1.01%	0.05%

Frequently Asked Questions

Can I hold both IWFG and CLOO in my portfolio?

IWFG and CLOO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWFG or CLOO?

On fees, CLOO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWFG or CLOO?

CLOO is cheaper with a 0.25% expense ratio, compared with 0.46% for IWFG.

Which ETF pays a higher dividend yield, IWFG or CLOO?

CLOO has the higher dividend yield at 0.99%, compared with 0.00% for IWFG.

What is the main difference between IWFG and CLOO?

IWFG is categorized as Large Cap Growth Equities, while CLOO is CLO. Their fees differ too: 0.46% for IWFG and 0.25% for CLOO.