LAAA.DE vs. CLOD.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Fair Oaks AAA CLO Fund UCITS ETF EUR Dist (LAAA.DE) and Invesco EUR AAA CLO UCITS ETF Dist (CLOD.DE).

LAAA.DE and CLOD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LAAA.DE is an actively managed fund by Fair Oaks. It was launched on Sep 10, 2024. CLOD.DE is an actively managed fund by Invesco. It was launched on Feb 10, 2025.

Performance

LAAA.DE vs. CLOD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Fair Oaks AAA CLO Fund UCITS ETF EUR Dist (LAAA.DE) and Invesco EUR AAA CLO UCITS ETF Dist (CLOD.DE). The values are adjusted to include any dividend payments, if applicable.

LAAA.DE vs. CLOD.DE - Yearly Performance Comparison

	2026 (YTD)	2025
LAAA.DE Fair Oaks AAA CLO Fund UCITS ETF EUR Dist	0.37%	2.92%
CLOD.DE Invesco EUR AAA CLO UCITS ETF Dist	0.61%	1.72%

Returns By Period

In the year-to-date period, LAAA.DE achieves a 0.37% return, which is significantly lower than CLOD.DE's 0.61% return.

LAAA.DE

• 1D: 0.02%
• 1M: -0.06%
• YTD: 0.37%
• 6M: 1.09%
• 1Y: 3.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOD.DE

• 1D: 0.22%
• 1M: -0.01%
• YTD: 0.61%
• 6M: 0.52%
• 1Y: 2.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LAAA.DE vs. CLOD.DE - Expense Ratio Comparison

LAAA.DE has a 0.35% expense ratio, which is higher than CLOD.DE's 0.25% expense ratio.

LAAA.DE

Fair Oaks AAA CLO Fund UCITS ETF EUR Dist

CLOD.DE

Invesco EUR AAA CLO UCITS ETF Dist

Return for Risk

LAAA.DE vs. CLOD.DE — Risk / Return Rank

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

LAAA.DE

LAAA.DE Risk / Return Rank: 98
LAAA.DE Sharpe Ratio Rank: 98
LAAA.DE Sortino Ratio Rank: 99
LAAA.DE Omega Ratio Rank: 99
LAAA.DE Calmar Ratio Rank: 97
LAAA.DE Martin Ratio Rank: 97

CLOD.DE

CLOD.DE Risk / Return Rank: 86
CLOD.DE Sharpe Ratio Rank: 84
CLOD.DE Sortino Ratio Rank: 83
CLOD.DE Omega Ratio Rank: 93
CLOD.DE Calmar Ratio Rank: 87
CLOD.DE Martin Ratio Rank: 85

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.

LAAA.DE vs. CLOD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fair Oaks AAA CLO Fund UCITS ETF EUR Dist (LAAA.DE) and Invesco EUR AAA CLO UCITS ETF Dist (CLOD.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.

	LAAA.DE	CLOD.DE	Difference
Sharpe ratio Return per unit of total volatility	3.63	1.76	+1.86
Sortino ratio Return per unit of downside risk	6.50	2.31	+4.20
Omega ratio Gain probability vs. loss probability	2.12	1.45	+0.67
Calmar ratio Return relative to maximum drawdown	5.79	3.08	+2.71
Martin ratio Return relative to average drawdown	22.92	11.26	+11.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAAA.DE vs. CLOD.DE - Sharpe Ratio Comparison

The current LAAA.DE Sharpe Ratio is 3.63, which is higher than the CLOD.DE Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of LAAA.DE and CLOD.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LAAA.DE	CLOD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.63	1.76	+1.86
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	1.59	+0.64

Correlation

The correlation between LAAA.DE and CLOD.DE is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LAAA.DE vs. CLOD.DE - Dividend Comparison

LAAA.DE's dividend yield for the trailing twelve months is around 3.61%, more than CLOD.DE's 2.56% yield.

	TTM	2025
LAAA.DE Fair Oaks AAA CLO Fund UCITS ETF EUR Dist	3.61%	3.58%
CLOD.DE Invesco EUR AAA CLO UCITS ETF Dist	2.56%	1.79%

Drawdowns

LAAA.DE vs. CLOD.DE - Drawdown Comparison

The maximum LAAA.DE drawdown since its inception was -1.45%, which is greater than CLOD.DE's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for LAAA.DE and CLOD.DE.

Drawdown Indicators

	LAAA.DE	CLOD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-1.45%	-0.76%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-0.52%	-0.76%	+0.24%
Current Drawdown Current decline from peak	-0.17%	-0.10%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.07%	-0.16%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.21%	-0.08%

Volatility

LAAA.DE vs. CLOD.DE - Volatility Comparison

The current volatility for Fair Oaks AAA CLO Fund UCITS ETF EUR Dist (LAAA.DE) is 0.18%, while Invesco EUR AAA CLO UCITS ETF Dist (CLOD.DE) has a volatility of 0.38%. This indicates that LAAA.DE experiences smaller price fluctuations and is considered to be less risky than CLOD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAAA.DE	CLOD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.18%	0.38%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	0.42%	0.98%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	0.83%	1.33%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.62%	1.30%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.62%	1.30%	+0.32%