XCEM vs. AAAC
XCEM (Columbia EM Core ex-China ETF) and AAAC (Columbia AAA CLO ETF) are both exchange-traded funds - XCEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while AAAC is a CLO fund actively managed by Columbia. XCEM is passively managed, while AAAC is actively managed. Their 0.20 correlation means their historical movements had little consistent relationship. XCEM charges 0.16%/yr vs 0.20%/yr for AAAC.
Performance
XCEM vs. AAAC - Performance Comparison
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Returns By Period
In the year-to-date period, XCEM achieves a 24.71% return, which is significantly higher than AAAC's 2.83% return.
XCEM
- 1D
- 0.95%
- 1M
- -5.51%
- 6M
- 13.55%
- YTD
- 24.71%
- 1Y
- 46.19%
- 3Y*
- 21.41%
- 5Y*
- 9.92%
- 10Y*
- 10.65%
- ALL TIME*
- 11.40%
AAAC
- 1D
- 0.02%
- 1M
- 0.37%
- 6M
- 2.20%
- YTD
- 2.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.84K | $4.60M | $1.58M | |
| $7.04M | $7.53M | $9.61M |
XCEM vs. AAAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XCEM Columbia EM Core ex-China ETF | 24.71% | 2.24% |
AAAC Columbia AAA CLO ETF | 2.83% | 0.15% |
Correlation
The correlation between XCEM and AAAC is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.20 |
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Return for Risk
XCEM vs. AAAC — Risk / Return Rank
XCEM
AAAC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XCEM vs. AAAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia EM Core ex-China ETF (XCEM) and Columbia AAA CLO ETF (AAAC). 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.
| XCEM | AAAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 8.98 | — | — |
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Drawdowns
XCEM vs. AAAC - Drawdown Comparison
The maximum XCEM drawdown since its inception was -41.24%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for XCEM and AAAC.
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Drawdown Indicators
| XCEM | AAAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.24% | -0.55% | -40.69% |
Max Drawdown (1Y)Largest decline over 1 year | -18.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.24% | — | — |
Current DrawdownCurrent decline from peak | -12.95% | 0.00% | -12.95% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -0.03% | -8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | — | — |
Volatility
XCEM vs. AAAC - Volatility Comparison
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Volatility by Period
| XCEM | AAAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.40% | 0.82% | +25.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 0.82% | +18.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 0.82% | +19.29% |
XCEM vs. AAAC - Expense Ratio Comparison
XCEM has a 0.16% expense ratio, which is lower than AAAC's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XCEM vs. AAAC - Dividend Comparison
XCEM's dividend yield for the trailing twelve months is around 2.61%, less than AAAC's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAC Columbia AAA CLO ETF | 2.87% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCEM Columbia EM Core ex-China ETF | 2.61% | 3.25% | 2.76% | 1.22% | 2.42% | 1.94% | 1.63% | 2.11% | 2.70% | 9.56% | 1.24% | 2.63% |
Frequently Asked Questions
XCEM and AAAC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCEM is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCEM is cheaper with a 0.16% expense ratio, compared with 0.20% for AAAC.
AAAC has the higher dividend yield at 2.87%, compared with 2.61% for XCEM.
XCEM is categorized as Emerging Markets Equities, while AAAC is CLO. Their fees differ too: 0.16% for XCEM and 0.20% for AAAC.
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