TUSI vs. ACLO

Last updated Jun 23, 2026

TUSI (Touchstone Ultra Short Income ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - TUSI is a Ultrashort Bond fund actively managed by Touchstone, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. Over the past year, TUSI returned 4.48% vs 5.31% for ACLO. At a 0.00 correlation, their price movements are largely independent. TUSI charges 0.25%/yr vs 0.20%/yr for ACLO.

Performance

TUSI vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Ultra Short Income ETF (TUSI) 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, TUSI achieves a 1.72% return, which is significantly lower than ACLO's 2.41% return.

TUSI

• 1D: 0.00%
• 1M: 0.06%
• YTD: 1.72%
• 6M: 1.86%
• 1Y: 4.48%
• 3Y*: 5.72%
• 5Y*: —
• 10Y*: —

ACLO

• 1D: 0.00%
• 1M: 0.41%
• YTD: 2.41%
• 6M: 2.53%
• 1Y: 5.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TUSI vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TUSI Touchstone Ultra Short Income ETF	1.72%	5.09%	0.70%
ACLO TCW AAA CLO ETF	2.41%	5.32%	0.81%

Correlation

The correlation between TUSI and ACLO is -0.11, 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 (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.00

The correlation between TUSI and ACLO shifts across timeframes, from -0.11 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TUSI vs. ACLO — Risk / Return Rank

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

TUSI

TUSI Risk / Return Rank: 98
TUSI Sharpe Ratio Rank: 97
TUSI Sortino Ratio Rank: 98
TUSI Omega Ratio Rank: 98
TUSI Calmar Ratio Rank: 99
TUSI Martin Ratio Rank: 99

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.

TUSI vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Ultra Short Income ETF (TUSI) 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.

	TUSI	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	4.34	7.32	-2.98
Sortino ratio: Return per unit of downside risk	7.41	15.16	-7.74
Omega ratio: Gain probability vs. loss probability	2.09	3.44	-1.35
Calmar ratio: Return relative to maximum drawdown	19.10	19.90	-0.80
Martin ratio: Return relative to average drawdown	80.51	165.46	-84.95

TUSI vs. ACLO - Sharpe Ratio Comparison

The current TUSI Sharpe Ratio is 4.34, which is lower than the ACLO Sharpe Ratio of 7.32. The chart below compares the historical Sharpe Ratios of TUSI 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

TUSI vs. ACLO - Drawdown Comparison

The maximum TUSI drawdown since its inception was -0.40%, smaller than the maximum ACLO drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for TUSI and ACLO.

Drawdown Indicators

	TUSI	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-0.40%	-1.01%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-0.24%	-0.27%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-0.39%	—	—
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.04%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	0.03%	+0.03%

Volatility

TUSI vs. ACLO - Volatility Comparison

Touchstone Ultra Short Income ETF (TUSI) has a higher volatility of 0.37% compared to TCW AAA CLO ETF (ACLO) at 0.19%. This indicates that TUSI'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

	TUSI	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.19%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	0.67%	0.58%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	1.04%	0.73%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.96%	1.07%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.96%	1.07%	-0.11%

TUSI vs. ACLO - Expense Ratio Comparison

TUSI has a 0.25% expense ratio, which is higher than ACLO's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TUSI vs. ACLO - Dividend Comparison

TUSI's dividend yield for the trailing twelve months is around 4.57%, 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%
TUSI Touchstone Ultra Short Income ETF	4.57%	4.85%	5.50%	5.41%	1.38%

Frequently Asked Questions

Can I hold both TUSI and ACLO in my portfolio?

TUSI and ACLO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUSI or ACLO?

TUSI has higher volatility (0.37%) compared to ACLO (0.19%). In terms of maximum drawdown, TUSI dropped -0.40% vs ACLO's -1.01%.

Which ETF is better, TUSI or ACLO?

On 1-year performance, ACLO leads with 5.31% vs 4.48% for TUSI. 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, TUSI or ACLO?

Over the 1-year period, ACLO has performed better with a 5.31% return vs 4.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TUSI or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.25% for TUSI.

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

ACLO has the higher dividend yield at 4.90%, compared with 4.57% for TUSI.

What is the main difference between TUSI and ACLO?

TUSI is categorized as Ultrashort Bond, while ACLO is CLO. They also come from different issuers: Touchstone and TCW. Their fees differ too: 0.25% for TUSI and 0.20% for ACLO.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.32 vs 4.34), 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.