SAWS vs. CLOC

Last updated Jun 4, 2026

SAWS (AAM Sawgrass U.S. Small Cap Quality Growth ETF) and CLOC (AAM Crescent CLO ETF) are both exchange-traded funds - SAWS is a Small Cap Growth Equities fund actively managed by AAM, while CLOC is a CLO fund actively managed by AAM. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. SAWS charges 0.55%/yr vs 0.49%/yr for CLOC.

Performance

SAWS vs. CLOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and AAM Crescent CLO ETF (CLOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAWS achieves a 11.45% return, which is significantly higher than CLOC's 2.34% return.

SAWS

• 1D: 0.61%
• 1M: 0.03%
• YTD: 11.45%
• 6M: 12.55%
• 1Y: 19.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOC

• 1D: 0.00%
• 1M: 0.62%
• YTD: 2.34%
• 6M: 2.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SAWS vs. CLOC - Yearly Performance Comparison

	2026 (YTD)	2025
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	11.45%	-0.85%
CLOC AAM Crescent CLO ETF	2.34%	0.93%

Correlation

The correlation between SAWS and CLOC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.14

Return for Risk

SAWS vs. CLOC — Risk / Return Rank

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

SAWS

SAWS Risk / Return Rank: 34
SAWS Sharpe Ratio Rank: 30
SAWS Sortino Ratio Rank: 32
SAWS Omega Ratio Rank: 29
SAWS Calmar Ratio Rank: 39
SAWS Martin Ratio Rank: 40

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.

SAWS vs. CLOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and AAM Crescent CLO ETF (CLOC). 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.

	SAWS	CLOC	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.67	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.89	—	—
Martin ratio: Return relative to average drawdown	6.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SAWS	CLOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	6.09	-5.51

Drawdowns

SAWS vs. CLOC - Drawdown Comparison

The maximum SAWS drawdown since its inception was -22.04%, which is greater than CLOC's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for SAWS and CLOC.

Drawdown Indicators

	SAWS	CLOC	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-0.54%	-21.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	—	—
Current Drawdown Current decline from peak	-2.52%	0.00%	-2.52%
Average Drawdown Average peak-to-trough decline	-5.61%	-0.07%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	—	—

Volatility

Volatility by Period

	SAWS	CLOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	0.91%	+17.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	0.91%	+20.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	0.91%	+20.12%

SAWS vs. CLOC - Expense Ratio Comparison

SAWS has a 0.55% expense ratio, which is higher than CLOC's 0.49% expense ratio.

Dividends

SAWS vs. CLOC - Dividend Comparison

SAWS's dividend yield for the trailing twelve months is around 0.02%, less than CLOC's 3.67% yield.

Position	TTM	2025	2024
CLOC AAM Crescent CLO ETF	3.67%	1.15%	0.00%
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	0.02%	0.02%	0.03%

Frequently Asked Questions

Can I hold both SAWS and CLOC in my portfolio?

SAWS and CLOC 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 ETF is better, SAWS or CLOC?

On fees, CLOC is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SAWS or CLOC?

CLOC is cheaper with a 0.49% expense ratio, compared with 0.55% for SAWS.

Which ETF pays a higher dividend yield, SAWS or CLOC?

CLOC has the higher dividend yield at 3.67%, compared with 0.02% for SAWS.

What is the main difference between SAWS and CLOC?

SAWS is categorized as Small Cap Growth Equities, while CLOC is CLO. Their fees differ too: 0.55% for SAWS and 0.49% for CLOC.