SURI vs. ACLO

Last updated Aug 4, 2026

SURI (Simplify Propel Opportunities ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - SURI is a Health & Biotech Equities fund actively managed by Simplify, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. Over the past year, SURI returned 42.96% vs 5.20% for ACLO. Their 0.06 correlation means their historical movements had little consistent relationship. SURI charges 2.51%/yr vs 0.20%/yr for ACLO.

Performance

SURI vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Propel Opportunities ETF (SURI) 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, SURI achieves a 17.59% return, which is significantly higher than ACLO's 3.00% return.

SURI

• 1D: 0.08%
• 1M: 0.52%
• 6M: 17.81%
• YTD: 17.59%
• 1Y: 42.96%
• 3Y*: 9.52%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.10%

ACLO

• 1D: -0.02%
• 1M: 0.45%
• 6M: 2.36%
• YTD: 3.00%
• 1Y: 5.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACLO TCW AAA CLO ETF	$1.35M	$998.55K	$1.41M
SURI Simplify Propel Opportunities ETF	$33.33K	$49.11K	$70.76K

SURI vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SURI Simplify Propel Opportunities ETF	17.59%	28.32%	-27.65%
ACLO TCW AAA CLO ETF	3.00%	5.32%	0.81%

Correlation

The correlation between SURI and ACLO is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.06

The correlation between SURI and ACLO shifts across timeframes, from -0.09 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SURI vs. ACLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SURI

SURI Risk / Return Rank: 78
SURI Sharpe Ratio Rank: 80
SURI Sortino Ratio Rank: 76
SURI Omega Ratio Rank: 74
SURI Calmar Ratio Rank: 87
SURI Martin Ratio Rank: 74

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SURI vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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.

	SURI	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	1.95	7.29	-5.34
Sortino ratio: Return per unit of downside risk	2.61	15.15	-12.54
Omega ratio: Gain probability vs. loss probability	1.33	3.42	-2.09
Calmar ratio: Return relative to maximum drawdown	3.67	19.49	-15.83
Martin ratio: Return relative to average drawdown	9.75	164.43	-154.68

SURI vs. ACLO - Sharpe Ratio Comparison

The current SURI Sharpe Ratio is 1.95, which is lower than the ACLO Sharpe Ratio of 7.29. The chart below compares the historical Sharpe Ratios of SURI 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

SURI vs. ACLO - Drawdown Comparison

The maximum SURI drawdown since its inception was -47.76%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for SURI and ACLO.

Drawdown Indicators

	SURI	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-47.76%	-1.01%	-46.75%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-0.27%	-11.51%
Max Drawdown (3Y) Largest decline over 3 years	-47.76%	—	—
Current Drawdown Current decline from peak	-8.53%	-0.02%	-8.51%
Average Drawdown Average peak-to-trough decline	-17.07%	-0.04%	-17.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	0.03%	+4.39%

Volatility

SURI vs. ACLO - Volatility Comparison

Simplify Propel Opportunities ETF (SURI) has a higher volatility of 4.13% compared to TCW AAA CLO ETF (ACLO) at 0.19%. This indicates that SURI'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

	SURI	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	0.19%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	14.41%	0.56%	+13.85%
Volatility (1Y) Calculated over the trailing 1-year period	22.20%	0.72%	+21.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.88%	1.05%	+26.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.88%	1.05%	+26.83%

SURI vs. ACLO - Expense Ratio Comparison

SURI has a 2.51% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

SURI vs. ACLO - Dividend Comparison

SURI's dividend yield for the trailing twelve months is around 15.07%, more than ACLO's 4.89% yield.

Position	TTM	2025	2024	2023
ACLO TCW AAA CLO ETF	4.89%	4.87%	0.59%	0.00%
SURI Simplify Propel Opportunities ETF	15.07%	16.31%	21.41%	14.71%

Frequently Asked Questions

Can I hold both SURI and ACLO in my portfolio?

SURI 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, SURI or ACLO?

SURI has higher volatility (4.13%) compared to ACLO (0.19%). In terms of maximum drawdown, SURI dropped -47.76% vs ACLO's -1.01%.

Which ETF is better, SURI or ACLO?

On 1-year performance, SURI leads with 42.96% vs 5.20% 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, SURI or ACLO?

Over the 1-year period, SURI has performed better with a 42.96% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SURI or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 2.51% for SURI.

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

SURI has the higher dividend yield at 15.07%, compared with 4.89% for ACLO.

What is the main difference between SURI and ACLO?

SURI is categorized as Health & Biotech Equities, while ACLO is CLO. They also come from different issuers: Simplify and TCW. Their fees differ too: 2.51% for SURI and 0.20% for ACLO.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.29 vs 1.95), 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.