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AAAP vs ACLO

Pacer Barings CLO Market Flex ETF

AAAPCNasdaq

TCW AAA CLO ETF

ACLOANYSE

Overlap

No data

Expense ratio

ACLO −0.19pt a year

AAAP0.39%ACLO0.20%

Avg volume · 30D

AAAP 1.3×the volume

AAAP49.3KACLO36.8K

AAAP vs ACLO Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%AAAP+1.1%ACLO

Jul 31, 2026 to Oct 30, 2026. AAAP +1.1%. ACLO +1.1%. Use the arrow keys to read each point.0%0.25%0.5%0.75%1.25%Jul 2026Sep 2026Oct 2026
Expense ratio
AAAP 0.39%
ACLO 0.20%, better
Fund size
AAAP $108M
ACLO $596M
1Y total return
AAAP No data
ACLO +5.0%
Yield (12M)
AAAP No data
ACLO 4.89%
Holdings
AAAP 98
ACLO 368
Avg volume (30D)
AAAP 49.3K sh, better
ACLO 36.8K sh
NAV per share
AAAP $25.20
ACLO $50.53
52W range

ETF.net Grade

AAAP: Cost 32, Risk 79, Mission not scored, Tradability 35, Holdings 52, Durability 38. ACLO: Cost 80, Risk 64, Mission not scored, Tradability 70, Holdings 84, Durability 64.
Pillar letters and Scores for AAAP, ACLO, with each pillar’s weight
PillarAAAPACLO
Cost30% weightD32A80Higher
Mission25% weightNot scoredNot scored
Risk15% weightA79HigherB64
Tradability15% weightD35A70Higher
Holdings10% weightC52A84Higher
Durability5% weightD38B64Higher

Rank among Collateralized Loan Obligations (CLO) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AAAP and ACLO are both graded against the same 34 Collateralized Loan Obligations (CLO) funds, so their Grades compare head to head.

Collateralized Loan Obligations (CLO)⁠

Category · 34 funds
See all 34 ›

ACLO ranks 4th and AAAP 20th of 34 funds in the Collateralized Loan Obligations (CLO) Category.

  1. Rank 1ACLOAiShares AAA CLO Active ETFScore 83
  2. Rank 1AJAAAJanus Henderson AAA CLO ETFScore 83
  3. Rank 3APAAAPGIM AAA CLO ETFScore 82
  4. Rank 4AACLOTCW AAA CLO ETFScore 74
  5. Rank 5AFAAAFIDELITY AAA CLO ETFScore 73
  6. Rank 20CAAADPGIM AAA CLO Aggregate Duration ETFScore 44
  7. Rank 20CAAAPPacer Barings CLO Market Flex ETFScore 44
  8. Rank 22CFCLOFidelity CLO ETFScore 42

Our read on each fund

ETF.net Research

AAAPCPacer Barings CLO Market Flex ETF

ACLOATCW AAA CLO ETF

In short

AAAP No data

ACLO A 2024 arrival in the crowded AAA CLO aisle. TCW runs it actively, holding roughly 300 of the highest-rated slices of leveraged-loan pools, paying income monthly, at a fee matching the category's cheapest tier.

Stated mandate

AAAP No data

ACLO The fund seeks capital preservation and current income through principal investment in U.S. dollar-denominated AAA-rated collateralized loan obligations.

Why people hold it

AAAP No data

  • ACLO At 0.20% it undercuts the AAA CLO cohort median of 0.25% and matches the cheapest names in the group, including JAAA and CLOA.
  • The mandate is stated narrowly: capital preservation and current income from US dollar AAA-rated CLOs, the top-rated tranches of the structure.tcw.com
  • Roughly 300 positions, chosen deal by deal rather than tracked, so no single CLO carries the portfolio.
  • Pays monthly, and the portfolio itself grades out as one of the stronger books among AAA CLO funds.

Worth knowing

AAAP No data

  • ACLO It trades lightly next to the giants of the category, so spreads can run wider. Limit orders earn their keep here.
  • Launched in late 2024, so the record is short and has not spanned a full credit cycle.
  • Active with no declared index, so there is no tracking figure to hold it to. Results ride on TCW's deal selection.

Full AAAP profile⁠

Full ACLO profile⁠

AAAP vs ACLO Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AAAP vs ACLO Cost

Overpaying AAAP vs ACLO

$3,743

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AAAP 0.39%

    $7,898

  • ACLO 0.20%

    $4,155

$10,000
30 years

Cost over time

  • AAAP 0.39%
  • ACLO 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530AAAP $7,898ACLO $4,155

Year by year

YearAAAPACLOOverpaying
10$705$365$340
20$2,725$1,421$1,304
30$7,898$4,155$3,743

Expense ratio

  • 0.39%AAAP
  • 0.20%ACLO, cheaper
  • Middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.28%

ACLO 8th cheapest of 34 funds

AAAP 23rd cheapest of 34 funds

AAAP vs ACLO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAAP No data
ACLO 4.89%
Payout (12M)
AAAP No data
ACLO $2.47
Last payment
AAAP $0.13
ACLO $0.19
Ex-dividend
AAAP Oct 30, 2026
ACLO Oct 1, 2026
Paid on
AAAP Pays Nov 2, 2026
ACLO Oct 5, 2026
Frequency
AAAP Monthly
ACLO Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

AAAPMonthly · 4 paymentsAll AAAP payments⁠
One bar per payment. 4 payments from 2024 to 2026 YTD. Jul 31, 2026 $0.06; Aug 31, 2026 $0.10; Sep 30, 2026 $0.12; Oct 30, 2026 $0.13. Use the arrow keys to read each point.$0$0.252026YTD
ACLOMonthly · 24 paymentsAll ACLO payments⁠
One bar per payment. 24 payments from 2024 to 2026 YTD. Dec 2, 2024 $0.06; Dec 18, 2024 $0.22; Dec 30, 2024 $0.01; Feb 3, 2025 $0.22; Mar 3, 2025 $0.21; Apr 1, 2025 $0.21; May 1, 2025 $0.20; Jun 2, 2025 $0.19; Jul 1, 2025 $0.19; Aug 1, 2025 $0.20; Sep 2, 2025 $0.19; Oct 1, 2025 $0.18; Nov 3, 2025 $0.22; Dec 1, 2025 $0.22; Dec 17, 2025 $0.22; Feb 2, 2026 $0.21; Mar 2, 2026 $0.21; Apr 1, 2026 $0.21; May 1, 2026 $0.21; Jun 1, 2026 $0.21; Jul 1, 2026 $0.19; Aug 3, 2026 $0.19; Sep 1, 2026 $0.19; Oct 1, 2026 $0.19. Use the arrow keys to read each point.$0$0.252026YTD

AAAP vs ACLO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAAP No dataACLO 0.6%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
AAAP No dataACLO 1.74since Dec 2024
Worst fallMax drawdown, 5 years
AAAP No dataACLO −1.0%since Nov 2024
Market sensitivityBeta, 5 years
AAAP 0.02ACLO 0.04

Popular comparisons

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    Pacer Barings CLO Market Flex ETF · iShares AAA CLO Active ETF

    Expense ratio
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    Category
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    Category
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    Category
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    Category
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    Category
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