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AAAP vs CLOC

Pacer Barings CLO Market Flex ETF

AAAPCNasdaq

AAM Crescent CLO ETF

CLOCBNYSE Arca

Overlap

No data

Expense ratio

CLOC −0.21pt a year

AAAP0.39%CLOC0.18%

Avg volume · 30D

AAAP 10.2×the volume

AAAP49.3KCLOC4.83K

AAAP vs CLOC Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%AAAP+1.5%CLOC

Jul 31, 2026 to Oct 30, 2026. AAAP +1.1%. CLOC +1.5%. 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%
CLOC 0.18%, better
Fund size
AAAP $108M
CLOC $61M
1Y total return
AAAP No data
CLOC +5.5%
Holdings
AAAP 98
CLOC 63
Avg volume (30D)
AAAP 49.3K sh, better
CLOC 4.83K sh
NAV per share
AAAP $25.20
CLOC $24.81
52W range

ETF.net Grade

AAAP: Cost 32, Risk 79, Mission not scored, Tradability 35, Holdings 52, Durability 38. CLOC: Cost 100, Risk 71, Mission not scored, Tradability 12, Holdings 49, Durability 46.
Pillar letters and Scores for AAAP, CLOC, with each pillar’s weight
PillarAAAPCLOC
Cost30% weightD32A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightA79HigherA71
Tradability15% weightD35HigherF12
Holdings10% weightC52HigherC49
Durability5% weightD38C46Higher

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 CLOC 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 ›

CLOC ranks 9th and AAAP 20th of 34 funds in the Collateralized Loan Obligations (CLO) Category.

  1. Rank 8BCLOXEldridge AAA CLO ETFScore 68
  2. Rank 9BCLOCAAM Crescent CLO ETFScore 66
  3. Rank 10BFUSIAmerican Century Ultrashort Income ETFScore 64
  4. Rank 20CAAADPGIM AAA CLO Aggregate Duration ETFScore 44
  5. Rank 20CAAAPPacer Barings CLO Market Flex ETFScore 44
  6. Rank 22CFCLOFidelity CLO ETFScore 42

Our read on each fund

ETF.net Research

AAAPCPacer Barings CLO Market Flex ETF

CLOCBAAM Crescent CLO ETF

In short

AAAP No data

CLOC A 2025 arrival in the CLO aisle that undercuts the category on fee: 0.18% a year, below the typical CLO fund and below the giants it competes with. Its mandate leads with capital preservation, then low correlation and current income.

Stated mandate

AAAP No data

CLOC The Fund seeks capital preservation, low correlation with traditional asset classes, and current income.

Why people hold it

AAAP No data

  • CLOC Cheapest seat in the CLO aisle: 0.18% a year against a 0.25% category median, and a step under the biggest AAA CLO funds (JAAA, CLOA, PAAA, FAAA, ACLO at 0.19%-0.20%).
  • The mandate is unusually explicit: capital preservation first, low correlation with traditional asset classes second, current income third.
  • Young, but it already stands in the upper half of a crowded 27-fund CLO group.

Worth knowing

AAAP No data

  • CLOC Thinly traded next to the multi-billion-dollar CLO names, so spreads can be wider and larger orders take patience.
  • Launched in October 2025, so the history is short and there is not yet a full credit cycle to judge it by.
  • Distributions have come on an irregular schedule rather than a fixed monthly rhythm, so income timing is less predictable.

Full AAAP profile⁠

Full CLOC profile⁠

AAAP vs CLOC Holdings

As of

How AAAP and CLOC differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile80.2%
  • Asset classFixed Income100%

Sector

No Sector split for AAAP and CLOC.

Country, concentration and asset class

Country by domicile

Country weights in AAAP and CLOC, widest gap first
CountryMore in AAAPMore in CLOC
Cayman IslandsAAAP +18.7 points
United StatesCLOC +17.3 points
United KingdomCLOC +2.5 points
BermudaAAAP +1.0 points

Outside the US: AAAP 1% developed, 99% emerging. CLOC 4% developed, 96% emerging.

Concentration

Weight in the 10 largest Holdings

  • AAAP22.2%
  • CLOC24.7%

Securities held

  • AAAP97
  • CLOC62

Asset class

AAAP
Fixed Income
CLOC
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. AAAP holds 97 securities, CLOC 62.

All 99 AAAP holdings⁠All 63 CLOC holdings⁠

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 CLOC Cost

Overpaying AAAP vs CLOC

$4,149

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

  • AAAP 0.39%

    $7,898

  • CLOC 0.18%

    $3,749

$10,000
30 years

Cost over time

  • AAAP 0.39%
  • CLOC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530AAAP $7,898CLOC $3,749

Year by year

YearAAAPCLOCOverpaying
10$705$328$377
20$2,725$1,281$1,444
30$7,898$3,749$4,149

Expense ratio

  • 0.39%AAAP
  • 0.18%CLOC, cheaper
  • Middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.28%

CLOC cheapest of 34 funds

AAAP 23rd cheapest of 34 funds

AAAP vs CLOC Dividends

Last 12 months to Oct 30, 2026
Last payment
AAAP $0.13
CLOC $0.13
Ex-dividend
AAAP Oct 30, 2026
CLOC Oct 30, 2026
Paid on
AAAP Pays Nov 2, 2026
CLOC Pays Nov 3, 2026
Frequency
AAAP Monthly
CLOC Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

AAAPMonthly · 4 paymentsAll AAAP payments⁠
One bar per payment. 4 payments from 2025 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$0.102026YTD
CLOCMonthly · 12 paymentsAll CLOC payments⁠
One bar per payment. 12 payments from 2025 to 2026 YTD. Nov 26, 2025 $0.12; Dec 31, 2025 $0.17; Jan 30, 2026 $0.13; Feb 27, 2026 $0.13; Mar 31, 2026 $0.13; Apr 30, 2026 $0.13; May 29, 2026 $0.13; Jun 30, 2026 $0.13; Jul 31, 2026 $0.13; Aug 28, 2026 $0.13; Sep 30, 2026 $0.13; Oct 30, 2026 $0.13. Use the arrow keys to read each point.$0$0.102026YTD

AAAP vs CLOC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAAP No dataCLOC 1.3%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
AAAP No dataCLOC 1.22since Nov 2025
Worst fallMax drawdown, 5 years
AAAP No dataCLOC −0.5%since Oct 2025
Market sensitivityBeta, 5 years
AAAP 0.02CLOC 0.07

Popular comparisons

  • AAAPCvsCLOAA

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

    Expense ratio
    0.39% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLOCBvsCLOAA

    AAM Crescent CLO ETF · iShares AAA CLO Active ETF

    Expense ratio
    0.18% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AAAPCvsJAAAA

    Pacer Barings CLO Market Flex ETF · Janus Henderson AAA CLO ETF

    Expense ratio
    0.39% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLOCBvsJAAAA

    AAM Crescent CLO ETF · Janus Henderson AAA CLO ETF

    Expense ratio
    0.18% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AAAPCvsPAAAA

    Pacer Barings CLO Market Flex ETF · PGIM AAA CLO ETF

    Expense ratio
    0.39% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLOCBvsPAAAA

    AAM Crescent CLO ETF · PGIM AAA CLO ETF

    Expense ratio
    0.18% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.