PRXV vs. ACLO

Last updated Jun 4, 2026

PRXV (Praxis Impact Large Cap Value ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - PRXV is a Large Cap Value Equities fund actively managed by Praxis, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. At a correlation of -0.35, they often move in opposite directions. PRXV charges 0.36%/yr vs 0.20%/yr for ACLO.

Performance

PRXV vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Impact Large Cap Value ETF (PRXV) and TCW AAA CLO ETF (ACLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRXV

• 1D: -0.03%
• 1M: 4.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACLO

• 1D: 0.02%
• 1M: 0.42%
• YTD: 2.21%
• 6M: 2.58%
• 1Y: 5.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRXV vs. ACLO - Yearly Performance Comparison

	2026 (YTD)
PRXV Praxis Impact Large Cap Value ETF	4.51%
ACLO TCW AAA CLO ETF	0.72%

Correlation

The correlation between PRXV and ACLO is -0.35, 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 (All Time) Calculated using the full available price history since Apr 21, 2026	-0.35

Return for Risk

PRXV vs. ACLO — Risk / Return Rank

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

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.

PRXV vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Impact Large Cap Value ETF (PRXV) 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.

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

Sharpe Ratios by Period

	PRXV	ACLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.54	5.10	-0.56

Drawdowns

PRXV vs. ACLO - Drawdown Comparison

The maximum PRXV drawdown since its inception was -1.18%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for PRXV and ACLO.

Drawdown Indicators

	PRXV	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-1.18%	-1.01%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.27%	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.05%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	PRXV	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	0.73%	+8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.66%	1.08%	+8.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.66%	1.08%	+8.58%

PRXV vs. ACLO - Expense Ratio Comparison

PRXV has a 0.36% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

PRXV vs. ACLO - Dividend Comparison

PRXV has not paid dividends to shareholders, while ACLO's dividend yield for the trailing twelve months is around 4.91%.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.91%	4.87%	0.59%
PRXV Praxis Impact Large Cap Value ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRXV and ACLO in my portfolio?

PRXV and ACLO have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRXV or ACLO?

On fees, ACLO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRXV or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.36% for PRXV.

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

ACLO has the higher dividend yield at 4.91%, compared with 0.00% for PRXV.

What is the main difference between PRXV and ACLO?

PRXV is categorized as Large Cap Value Equities, while ACLO is CLO. They also come from different issuers: Praxis and TCW. Their fees differ too: 0.36% for PRXV and 0.20% for ACLO.