TRPA vs. CLOC

Last updated Jun 24, 2026

TRPA (Hartford AAA CLO ETF) and CLOC (AAM Crescent CLO ETF) are both CLO funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. TRPA charges 0.24%/yr vs 0.49%/yr for CLOC.

Performance

TRPA vs. CLOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford AAA CLO ETF (TRPA) 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, TRPA achieves a 2.30% return, which is significantly lower than CLOC's 2.65% return.

TRPA

• 1D: 0.04%
• 1M: 0.50%
• YTD: 2.30%
• 6M: 2.43%
• 1Y: 5.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOC

• 1D: 0.02%
• 1M: 0.44%
• YTD: 2.65%
• 6M: 2.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRPA vs. CLOC - Yearly Performance Comparison

	2026 (YTD)	2025
TRPA Hartford AAA CLO ETF	2.30%	1.03%
CLOC AAM Crescent CLO ETF	2.65%	0.93%

Correlation

The correlation between TRPA and CLOC is 0.13, 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 23, 2025	0.13

Return for Risk

TRPA vs. CLOC — Risk / Return Rank

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

TRPA

TRPA Risk / Return Rank: 91
TRPA Sharpe Ratio Rank: 82
TRPA Sortino Ratio Rank: 91
TRPA Omega Ratio Rank: 88
TRPA Calmar Ratio Rank: 97
TRPA Martin Ratio Rank: 97

CLOC

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

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.

TRPA vs. CLOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford AAA CLO ETF (TRPA) 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.

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.

	TRPA	CLOC	Difference
Sharpe ratio: Return per unit of total volatility	2.39	—	—
Sortino ratio: Return per unit of downside risk	3.86	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	9.06	—	—
Martin ratio: Return relative to average drawdown	36.94	—	—

Drawdowns

TRPA vs. CLOC - Drawdown Comparison

The maximum TRPA drawdown since its inception was -0.61%, which is greater than CLOC's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for TRPA and CLOC.

Drawdown Indicators

	TRPA	CLOC	Difference
Max Drawdown Largest peak-to-trough decline	-0.61%	-0.54%	-0.07%
Max Drawdown (1Y) Largest decline over 1 year	-0.61%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.09%	-0.06%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	—	—

Volatility

Volatility by Period

	TRPA	CLOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.31%	0.88%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.33%	0.88%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.33%	0.88%	+1.45%

TRPA vs. CLOC - Expense Ratio Comparison

TRPA has a 0.24% expense ratio, which is lower than CLOC's 0.49% expense ratio.

Dividends

TRPA vs. CLOC - Dividend Comparison

TRPA's dividend yield for the trailing twelve months is around 5.17%, more than CLOC's 3.66% yield.

Position	TTM	2025
CLOC AAM Crescent CLO ETF	3.66%	1.15%
TRPA Hartford AAA CLO ETF	5.17%	4.14%

Frequently Asked Questions

Can I hold both TRPA and CLOC in my portfolio?

TRPA and CLOC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRPA or CLOC?

On fees, TRPA is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRPA or CLOC?

TRPA is cheaper with a 0.24% expense ratio, compared with 0.49% for CLOC.

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

TRPA has the higher dividend yield at 5.17%, compared with 3.66% for CLOC.

What is the main difference between TRPA and CLOC?

They also come from different issuers: Hartford and AAM. Their fees differ too: 0.24% for TRPA and 0.49% for CLOC.