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ACLO vs CLOC

TCW AAA CLO ETF

ACLOANYSE

AAM Crescent CLO ETF

CLOCBNYSE Arca

Overlap

No data

Expense ratio

CLOC −0.02pt a year

ACLO0.20%CLOC0.18%

Avg volume · 30D

ACLO 7.6×the volume

ACLO36.8KCLOC4.83K

ACLO vs CLOC Performance

Oct 31, 2025 – Oct 30, 2026

+5.0%ACLO+5.5%CLOC

Oct 31, 2025 to Oct 30, 2026. ACLO +5.0%. CLOC +5.5%. Use the arrow keys to read each point.0%1%2%3%4%Oct 2025Apr 2026Oct 2026
Expense ratio
ACLO 0.20%
CLOC 0.18%, better
Fund size
ACLO $596M
CLOC $61M
1Y total return
ACLO +5.0%
CLOC +5.5%, better
Yield (12M)
ACLO 4.89%
CLOC No data
Holdings
ACLO 368
CLOC 63
Avg volume (30D)
ACLO 36.8K sh, better
CLOC 4.83K sh
NAV per share
ACLO $50.53
CLOC $24.81
52W range

ETF.net Grade

ACLO: Cost 80, Risk 64, Mission not scored, Tradability 70, Holdings 84, Durability 64. CLOC: Cost 100, Risk 71, Mission not scored, Tradability 12, Holdings 49, Durability 46.
Pillar letters and Scores for ACLO, CLOC, with each pillar’s weight
PillarACLOCLOC
Cost30% weightA80A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightB64A71Higher
Tradability15% weightA70HigherF12
Holdings10% weightA84HigherC49
Durability5% weightB64HigherC46

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. ACLO 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 ›

ACLO ranks 4th and CLOC 9th 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 8BCLOXEldridge AAA CLO ETFScore 68
  7. Rank 9BCLOCAAM Crescent CLO ETFScore 66
  8. Rank 10BFUSIAmerican Century Ultrashort Income ETFScore 64

Our read on each fund

ETF.net Research

ACLOATCW AAA CLO ETF

CLOCBAAM Crescent CLO ETF

In short

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.

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

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

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

Why people hold it

  • 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.
  • 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

  • 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.
  • 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 ACLO profile⁠

Full CLOC profile⁠

ACLO vs CLOC Holdings

How ACLO and CLOC differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile81.6%
  • Asset classFixed Income100%

Sector

No Sector split for ACLO and CLOC.

Country, concentration and asset class

Country by domicile

Country weights in ACLO and CLOC, widest gap first
CountryMore in ACLOMore in CLOC
United StatesCLOC +18.4 points
Cayman IslandsACLO +14.0 points
IrelandACLO +3.8 points
United KingdomACLO +0.6 points
BermudaACLO +0.1 points

Outside the US: ACLO 8% developed, 92% emerging. CLOC 4% developed, 96% emerging.

Concentration

Weight in the 10 largest Holdings

  • ACLO9.4%
  • CLOC24.7%

Securities held

  • ACLO365
  • CLOC62

Asset class

ACLO
Fixed Income
CLOC
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. ACLO holds 365 securities, CLOC 62.

All 363 ACLO 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.

ACLO vs CLOC Cost

Overpaying ACLO vs CLOC

$406

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

  • ACLO 0.20%

    $4,155

  • CLOC 0.18%

    $3,749

$10,000
30 years

Cost over time

  • ACLO 0.20%
  • CLOC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530ACLO $4,155CLOC $3,749

Year by year

YearACLOCLOCOverpaying
10$365$328$37
20$1,421$1,281$140
30$4,155$3,749$406

Expense ratio

  • 0.20%ACLO
  • 0.18%CLOC, cheaper
  • Middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.28%

CLOC cheapest of 34 funds

ACLO 8th cheapest of 34 funds

ACLO vs CLOC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ACLO 4.89%
CLOC No data
Payout (12M)
ACLO $2.47
CLOC No data
Last payment
ACLO $0.19
CLOC $0.13
Ex-dividend
ACLO Oct 1, 2026
CLOC Oct 30, 2026
Paid on
ACLO Oct 5, 2026
CLOC Pays Nov 3, 2026
Frequency
ACLO Monthly
CLOC Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

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
CLOCMonthly · 12 paymentsAll CLOC payments⁠
One bar per payment. 12 payments from 2024 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$0.252026YTD

ACLO vs CLOC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ACLO 0.6%since Dec 2024CLOC 1.3%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
ACLO 1.74since Dec 2024CLOC 1.22since Nov 2025
Worst fallMax drawdown, 5 years
ACLO −1.0%since Nov 2024CLOC −0.5%since Oct 2025
Market sensitivityBeta, 5 years
ACLO 0.04CLOC 0.07

Popular comparisons

  • ACLOAvsCLOAA

    TCW AAA CLO ETF · iShares AAA CLO Active ETF

    Expense ratio
    0.20% · 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.

  • ACLOAvsJAAAA

    TCW AAA CLO ETF · Janus Henderson AAA CLO ETF

    Expense ratio
    0.20% · 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.

  • ACLOAvsPAAAA

    TCW AAA CLO ETF · PGIM AAA CLO ETF

    Expense ratio
    0.20% · 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.