SHPP vs. ACLO

Last updated Jun 25, 2026

SHPP (Pacer Industrials and Logistics ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - SHPP is a Industrials Equities fund tracking the Pacer Global Supply Chain Infrastructure Index - Benchmark TR Net, while ACLO is a CLO fund actively managed by TCW. SHPP is passively managed, while ACLO is actively managed. Over the past year, SHPP returned 20.43% vs 5.30% for ACLO. At a 0.01 correlation, their price movements are largely independent. SHPP charges 0.61%/yr vs 0.20%/yr for ACLO.

Performance

SHPP vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Industrials and Logistics ETF (SHPP) 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, SHPP achieves a 12.23% return, which is significantly higher than ACLO's 2.46% return.

SHPP

• 1D: -0.12%
• 1M: -2.05%
• YTD: 12.23%
• 6M: 11.01%
• 1Y: 20.43%
• 3Y*: 11.34%
• 5Y*: —
• 10Y*: —

ACLO

• 1D: 0.02%
• 1M: 0.46%
• YTD: 2.46%
• 6M: 2.51%
• 1Y: 5.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHPP vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SHPP Pacer Industrials and Logistics ETF	12.23%	12.88%	-3.19%
ACLO TCW AAA CLO ETF	2.46%	5.32%	0.81%

Correlation

The correlation between SHPP and ACLO is -0.09, 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	-0.09
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.01

Return for Risk

SHPP vs. ACLO — Risk / Return Rank

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

SHPP

SHPP Risk / Return Rank: 42
SHPP Sharpe Ratio Rank: 42
SHPP Sortino Ratio Rank: 41
SHPP Omega Ratio Rank: 39
SHPP Calmar Ratio Rank: 41
SHPP Martin Ratio Rank: 46

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.

SHPP vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Industrials and Logistics ETF (SHPP) 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.

	SHPP	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	1.32	7.32	-6.00
Sortino ratio: Return per unit of downside risk	1.89	15.12	-13.23
Omega ratio: Gain probability vs. loss probability	1.23	3.44	-2.20
Calmar ratio: Return relative to maximum drawdown	1.86	19.85	-17.99
Martin ratio: Return relative to average drawdown	6.86	165.43	-158.57

SHPP vs. ACLO - Sharpe Ratio Comparison

The current SHPP Sharpe Ratio is 1.32, which is lower than the ACLO Sharpe Ratio of 7.32. The chart below compares the historical Sharpe Ratios of SHPP 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

SHPP vs. ACLO - Drawdown Comparison

The maximum SHPP drawdown since its inception was -21.57%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for SHPP and ACLO.

Drawdown Indicators

	SHPP	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	-1.01%	-20.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-0.27%	-10.79%
Max Drawdown (3Y) Largest decline over 3 years	-18.84%	—	—
Current Drawdown Current decline from peak	-5.28%	0.00%	-5.28%
Average Drawdown Average peak-to-trough decline	-4.23%	-0.04%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	0.03%	+2.96%

Volatility

SHPP vs. ACLO - Volatility Comparison

Pacer Industrials and Logistics ETF (SHPP) has a higher volatility of 5.27% compared to TCW AAA CLO ETF (ACLO) at 0.19%. This indicates that SHPP'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

	SHPP	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	0.19%	+5.08%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	0.58%	+12.14%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	0.73%	+14.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	1.07%	+16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	1.07%	+16.40%

SHPP vs. ACLO - Expense Ratio Comparison

SHPP has a 0.61% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

SHPP vs. ACLO - Dividend Comparison

SHPP's dividend yield for the trailing twelve months is around 1.78%, less than ACLO's 4.90% yield.

Position	TTM	2025	2024	2023	2022
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%	0.00%	0.00%
SHPP Pacer Industrials and Logistics ETF	1.78%	1.80%	2.41%	2.89%	1.15%

Frequently Asked Questions

Can I hold both SHPP and ACLO in my portfolio?

SHPP and ACLO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHPP or ACLO?

SHPP has higher volatility (5.27%) compared to ACLO (0.19%). In terms of maximum drawdown, SHPP dropped -21.57% vs ACLO's -1.01%.

Which ETF is better, SHPP or ACLO?

On 1-year performance, SHPP leads with 20.43% vs 5.30% 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, SHPP or ACLO?

Over the 1-year period, SHPP has performed better with a 20.43% return vs 5.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHPP or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.61% for SHPP.

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

ACLO has the higher dividend yield at 4.90%, compared with 1.78% for SHPP.

What is the main difference between SHPP and ACLO?

SHPP is categorized as Industrials Equities, while ACLO is CLO. They also come from different issuers: Pacer and TCW. Their fees differ too: 0.61% for SHPP and 0.20% for ACLO.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.32 vs 1.32), 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.