WTIP vs. CLOA

Last updated Jun 4, 2026

WTIP (WisdomTree Inflation Plus Fund) and CLOA (BlackRock AAA CLO ETF) are both exchange-traded funds - WTIP is a Long-Short fund actively managed by WisdomTree, while CLOA is a CLO fund actively managed by BlackRock. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. WTIP charges 0.65%/yr vs 0.20%/yr for CLOA.

Performance

WTIP vs. CLOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Inflation Plus Fund (WTIP) and BlackRock AAA CLO ETF (CLOA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTIP achieves a 14.34% return, which is significantly higher than CLOA's 2.06% return.

WTIP

• 1D: -0.67%
• 1M: -3.73%
• YTD: 14.34%
• 6M: 16.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOA

• 1D: 0.02%
• 1M: 0.44%
• YTD: 2.06%
• 6M: 2.51%
• 1Y: 5.28%
• 3Y*: 6.74%
• 5Y*: —
• 10Y*: —

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

WTIP vs. CLOA - Yearly Performance Comparison

	2026 (YTD)	2025
WTIP WisdomTree Inflation Plus Fund	14.34%	14.00%
CLOA BlackRock AAA CLO ETF	2.06%	2.91%

Correlation

The correlation between WTIP and CLOA is -0.14, 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 (All Time) Calculated using the full available price history since Jun 20, 2025	-0.14

Return for Risk

WTIP vs. CLOA — Risk / Return Rank

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

CLOA

CLOA Risk / Return Rank: 99
CLOA Sharpe Ratio Rank: 99
CLOA Sortino Ratio Rank: 99
CLOA Omega Ratio Rank: 99
CLOA Calmar Ratio Rank: 99
CLOA 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.

WTIP vs. CLOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) and BlackRock AAA CLO ETF (CLOA). 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.

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

Sharpe Ratios by Period

	WTIP	CLOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.89	5.22	-3.33

Drawdowns

WTIP vs. CLOA - Drawdown Comparison

The maximum WTIP drawdown since its inception was -8.35%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for WTIP and CLOA.

Drawdown Indicators

	WTIP	CLOA	Difference
Max Drawdown Largest peak-to-trough decline	-8.35%	-1.34%	-7.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.13%	—
Current Drawdown Current decline from peak	-8.35%	0.00%	-8.35%
Average Drawdown Average peak-to-trough decline	-1.39%	-0.05%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	WTIP	CLOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	0.71%	+16.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	1.32%	+15.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	1.32%	+15.73%

WTIP vs. CLOA - Expense Ratio Comparison

WTIP has a 0.65% expense ratio, which is higher than CLOA's 0.20% expense ratio.

Dividends

WTIP vs. CLOA - Dividend Comparison

WTIP's dividend yield for the trailing twelve months is around 2.80%, less than CLOA's 4.96% yield.

Position	TTM	2025	2024	2023
CLOA BlackRock AAA CLO ETF	4.96%	5.35%	6.01%	5.88%
WTIP WisdomTree Inflation Plus Fund	2.80%	1.59%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTIP and CLOA in my portfolio?

WTIP and CLOA 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, WTIP or CLOA?

On fees, CLOA is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTIP or CLOA?

CLOA is cheaper with a 0.20% expense ratio, compared with 0.65% for WTIP.

Which ETF pays a higher dividend yield, WTIP or CLOA?

CLOA has the higher dividend yield at 4.96%, compared with 2.80% for WTIP.

What is the main difference between WTIP and CLOA?

WTIP is categorized as Long-Short, while CLOA is CLO. They also come from different issuers: WisdomTree and BlackRock. Their fees differ too: 0.65% for WTIP and 0.20% for CLOA.