MYCG vs. ACLO

Last updated Jun 24, 2026

MYCG (State Street My2027 Corporate Bond ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - MYCG is a Corporate Bonds fund actively managed by State Street, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. Over the past year, MYCG returned 4.43% vs 5.27% for ACLO. At a correlation of -0.06, they often move in opposite directions. MYCG charges 0.15%/yr vs 0.20%/yr for ACLO.

Performance

MYCG vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2027 Corporate Bond ETF (MYCG) 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, MYCG achieves a 1.50% return, which is significantly lower than ACLO's 2.44% return.

MYCG

• 1D: 0.04%
• 1M: 0.36%
• YTD: 1.50%
• 6M: 1.72%
• 1Y: 4.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACLO

• 1D: 0.03%
• 1M: 0.44%
• YTD: 2.44%
• 6M: 2.55%
• 1Y: 5.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MYCG vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCG State Street My2027 Corporate Bond ETF	1.50%	5.85%	0.49%
ACLO TCW AAA CLO ETF	2.44%	5.32%	0.81%

Correlation

The correlation between MYCG and ACLO is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	-0.06

Return for Risk

MYCG vs. ACLO — Risk / Return Rank

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

MYCG

MYCG Risk / Return Rank: 98
MYCG Sharpe Ratio Rank: 98
MYCG Sortino Ratio Rank: 98
MYCG Omega Ratio Rank: 98
MYCG Calmar Ratio Rank: 97
MYCG Martin Ratio Rank: 98

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.

MYCG vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2027 Corporate Bond ETF (MYCG) 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.

	MYCG	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	4.58	7.28	-2.70
Sortino ratio: Return per unit of downside risk	8.41	15.06	-6.64
Omega ratio: Gain probability vs. loss probability	2.20	3.42	-1.23
Calmar ratio: Return relative to maximum drawdown	9.97	19.77	-9.80
Martin ratio: Return relative to average drawdown	47.91	164.39	-116.48

MYCG vs. ACLO - Sharpe Ratio Comparison

The current MYCG Sharpe Ratio is 4.58, which is lower than the ACLO Sharpe Ratio of 7.28. The chart below compares the historical Sharpe Ratios of MYCG 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

MYCG vs. ACLO - Drawdown Comparison

The maximum MYCG drawdown since its inception was -0.86%, smaller than the maximum ACLO drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for MYCG and ACLO.

Drawdown Indicators

	MYCG	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-0.86%	-1.01%	+0.15%
Max Drawdown (1Y) Largest decline over 1 year	-0.45%	-0.27%	-0.18%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.14%	-0.04%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	0.03%	+0.06%

Volatility

MYCG vs. ACLO - Volatility Comparison

State Street My2027 Corporate Bond ETF (MYCG) has a higher volatility of 0.22% compared to TCW AAA CLO ETF (ACLO) at 0.19%. This indicates that MYCG'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

	MYCG	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	0.19%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	0.53%	0.58%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	0.98%	0.73%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.48%	1.07%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.48%	1.07%	+0.41%

MYCG vs. ACLO - Expense Ratio Comparison

MYCG has a 0.15% expense ratio, which is lower than ACLO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MYCG vs. ACLO - Dividend Comparison

MYCG's dividend yield for the trailing twelve months is around 4.28%, less than ACLO's 4.90% yield.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%
MYCG State Street My2027 Corporate Bond ETF	4.28%	4.28%	1.16%

Frequently Asked Questions

Can I hold both MYCG and ACLO in my portfolio?

MYCG and ACLO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCG or ACLO?

MYCG has higher volatility (0.22%) compared to ACLO (0.19%). In terms of maximum drawdown, MYCG dropped -0.86% vs ACLO's -1.01%.

Which ETF is better, MYCG or ACLO?

On 1-year performance, ACLO leads with 5.27% vs 4.43% for MYCG. On fees, MYCG is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCG or ACLO?

Over the 1-year period, ACLO has performed better with a 5.27% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCG or ACLO?

MYCG is cheaper with a 0.15% expense ratio, compared with 0.20% for ACLO.

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

ACLO has the higher dividend yield at 4.90%, compared with 4.28% for MYCG.

What is the main difference between MYCG and ACLO?

MYCG is categorized as Corporate Bonds, while ACLO is CLO. They also come from different issuers: State Street and TCW. Their fees differ too: 0.15% for MYCG and 0.20% for ACLO.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.28 vs 4.58), 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.