XOEF vs. ACLO

Last updated Jun 30, 2026

XOEF (iShares S&P 500 ex S&P 100 ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while ACLO is a CLO fund actively managed by TCW. XOEF is passively managed, while ACLO is actively managed. At a 0.00 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

XOEF vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 ex S&P 100 ETF (XOEF) 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, XOEF achieves a 16.44% return, which is significantly higher than ACLO's 2.51% return.

XOEF

• 1D: 0.79%
• 1M: 3.14%
• YTD: 16.44%
• 6M: 15.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACLO

• 1D: 0.02%
• 1M: 0.38%
• YTD: 2.51%
• 6M: 2.47%
• 1Y: 5.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XOEF vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025
XOEF iShares S&P 500 ex S&P 100 ETF	16.44%	4.27%
ACLO TCW AAA CLO ETF	2.51%	2.54%

Correlation

The correlation between XOEF and ACLO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.00

Return for Risk

XOEF vs. ACLO — Risk / Return Rank

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

XOEF

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

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.

XOEF vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.

	XOEF	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	—	7.32	—
Sortino ratio: Return per unit of downside risk	—	15.14	—
Omega ratio: Gain probability vs. loss probability	—	3.45	—
Calmar ratio: Return relative to maximum drawdown	—	19.79	—
Martin ratio: Return relative to average drawdown	—	164.90	—

Drawdowns

XOEF vs. ACLO - Drawdown Comparison

The maximum XOEF drawdown since its inception was -7.66%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for XOEF and ACLO.

Drawdown Indicators

	XOEF	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-7.66%	-1.01%	-6.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.27%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.27%	-0.04%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	XOEF	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	0.73%	+12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.89%	1.07%	+11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.89%	1.07%	+11.82%

XOEF vs. ACLO - Expense Ratio Comparison

Both XOEF and ACLO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XOEF vs. ACLO - Dividend Comparison

XOEF's dividend yield for the trailing twelve months is around 1.04%, less than ACLO's 4.89% yield.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.89%	4.87%	0.59%
XOEF iShares S&P 500 ex S&P 100 ETF	1.04%	0.63%	0.00%

Frequently Asked Questions

Can I hold both XOEF and ACLO in my portfolio?

XOEF and ACLO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOEF or ACLO?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XOEF or ACLO?

XOEF and ACLO have the same expense ratio: 0.20% per year.

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

ACLO has the higher dividend yield at 4.89%, compared with 1.04% for XOEF.

What is the main difference between XOEF and ACLO?

XOEF is categorized as S&P 500, while ACLO is CLO. They also come from different issuers: iShares and TCW.