KARS vs. ACLO

Last updated Jun 21, 2026

KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index, while ACLO is a CLO fund actively managed by TCW. KARS is passively managed, while ACLO is actively managed. Over the past year, KARS returned 59.12% vs 5.31% for ACLO. At a correlation of -0.03, they often move in opposite directions. KARS charges 0.72%/yr vs 0.20%/yr for ACLO.

Performance

KARS vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and TCW AAA CLO ETF (ACLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KARS achieves a 10.15% return, which is significantly higher than ACLO's 2.41% return.

KARS

• 1D: 0.36%
• 1M: -5.13%
• YTD: 10.15%
• 6M: 9.29%
• 1Y: 59.12%
• 3Y*: 2.57%
• 5Y*: -3.28%
• 10Y*: —

ACLO

• 1D: 0.09%
• 1M: 0.45%
• YTD: 2.41%
• 6M: 2.54%
• 1Y: 5.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KARS vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	10.15%	46.04%	-3.05%
ACLO TCW AAA CLO ETF	2.41%	5.32%	0.81%

Correlation

The correlation between KARS and ACLO is -0.07, 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	-0.07
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	-0.03

Return for Risk

KARS vs. ACLO — Risk / Return Rank

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

KARS

KARS Risk / Return Rank: 69
KARS Sharpe Ratio Rank: 70
KARS Sortino Ratio Rank: 60
KARS Omega Ratio Rank: 61
KARS Calmar Ratio Rank: 77
KARS Martin Ratio Rank: 75

ACLO

ACLO Risk / Return Rank: 99
ACLO Sharpe Ratio Rank: 99
ACLO Sortino Ratio Rank: 99
ACLO Omega Ratio Rank: 99
ACLO Calmar Ratio Rank: 99
ACLO Martin Ratio Rank: 99

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.

KARS vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) 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.

	KARS	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	7.36	-5.21
Sortino ratio: Return per unit of downside risk	2.69	15.22	-12.54
Omega ratio: Gain probability vs. loss probability	1.35	3.45	-2.10
Calmar ratio: Return relative to maximum drawdown	3.76	19.99	-16.23
Martin ratio: Return relative to average drawdown	13.57	166.22	-152.65

KARS vs. ACLO - Sharpe Ratio Comparison

The current KARS Sharpe Ratio is 2.15, which is lower than the ACLO Sharpe Ratio of 7.36. The chart below compares the historical Sharpe Ratios of KARS and ACLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KARS vs. ACLO - Drawdown Comparison

The maximum KARS drawdown since its inception was -64.85%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for KARS and ACLO.

Drawdown Indicators

	KARS	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-64.85%	-1.01%	-63.84%
Max Drawdown (1Y) Largest decline over 1 year	-15.68%	-0.27%	-15.41%
Max Drawdown (3Y) Largest decline over 3 years	-47.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.85%	—	—
Current Drawdown Current decline from peak	-32.86%	0.00%	-32.86%
Average Drawdown Average peak-to-trough decline	-28.33%	-0.04%	-28.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	0.03%	+4.31%

Volatility

KARS vs. ACLO - Volatility Comparison

KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a higher volatility of 11.26% compared to TCW AAA CLO ETF (ACLO) at 0.19%. This indicates that KARS'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.

Volatility by Period

	KARS	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	0.19%	+11.07%
Volatility (6M) Calculated over the trailing 6-month period	20.86%	0.58%	+20.28%
Volatility (1Y) Calculated over the trailing 1-year period	27.46%	0.73%	+26.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.03%	1.07%	+28.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.39%	1.07%	+28.32%

KARS vs. ACLO - Expense Ratio Comparison

KARS has a 0.72% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

KARS vs. ACLO - Dividend Comparison

KARS's dividend yield for the trailing twelve months is around 0.17%, less than ACLO's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.17%	0.18%	0.78%	0.88%	1.13%	6.73%	0.14%	1.85%	1.38%

Frequently Asked Questions

Can I hold both KARS and ACLO in my portfolio?

KARS and ACLO 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 is riskier, KARS or ACLO?

KARS has higher volatility (11.26%) compared to ACLO (0.19%). In terms of maximum drawdown, KARS dropped -64.85% vs ACLO's -1.01%.

Which ETF is better, KARS or ACLO?

On 1-year performance, KARS leads with 59.12% 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.

Which ETF has performed better, KARS or ACLO?

Over the 1-year period, KARS has performed better with a 59.12% return vs 5.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KARS or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.72% for KARS.

Which ETF pays a higher dividend yield, KARS or ACLO?

ACLO has the higher dividend yield at 4.90%, compared with 0.17% for KARS.

What is the main difference between KARS and ACLO?

KARS is categorized as Industrials Equities, while ACLO is CLO. They also come from different issuers: KraneShares and TCW. Their fees differ too: 0.72% for KARS and 0.20% for ACLO.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.36 vs 2.15), 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.