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CLOA vs CLOO

iShares AAA CLO Active ETF

CLOAANasdaq

NYLI Investment Grade CLO ETF

CLOOBNYSE Arca

Overlap

No data

Expense ratio

CLOA −0.05pt a year

CLOA0.20%CLOO0.25%

Avg volume · 30D

CLOA 42.3×the volume

CLOA593KCLOO14K

CLOA vs CLOO Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%CLOA+1.0%CLOO

Jul 31, 2026 to Oct 30, 2026. CLOA +1.1%. CLOO +1.0%. Use the arrow keys to read each point.0%0.25%0.5%0.75%Jul 2026Sep 2026Oct 2026
Expense ratio
CLOA 0.20%, better
CLOO 0.25%
Fund size
CLOA $2.8B
CLOO $48M
1Y total return
CLOA +5.0%
CLOO No data
Yield (12M)
CLOA 4.77%
CLOO No data
Holdings
CLOA 458
CLOO 128
Avg volume (30D)
CLOA 593K sh, better
CLOO 14K sh
NAV per share
CLOA $51.96
CLOO $25.10
52W range

ETF.net Grade

CLOA: Cost 80, Risk 68, Mission not scored, Tradability 94, Holdings 98, Durability 91. CLOO: Cost 53, Risk 81, Mission not scored, Tradability 41, Holdings 81, Durability 26.
Pillar letters and Scores for CLOA, CLOO, with each pillar’s weight
PillarCLOACLOO
Cost30% weightA80HigherC53
Mission25% weightNot scoredNot scored
Risk15% weightB68A81Higher
Tradability15% weightA94HigherC41
Holdings10% weightA98HigherA81
Durability5% weightA91HigherD26

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. CLOA and CLOO 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 ›

CLOA ranks 1st and CLOO 11th 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 10BFUSIAmerican Century Ultrashort Income ETFScore 64
  4. Rank 11BCLOONYLI Investment Grade CLO ETFScore 57
  5. Rank 11BTRPAHartford AAA CLO ETFScore 57

Our read on each fund

ETF.net Research

CLOAAiShares AAA CLO Active ETF

CLOOBNYLI Investment Grade CLO ETF

In short

CLOA BlackRock's play in AAA CLOs: active credit picking measured against J.P. Morgan's CLOIE AAA index, 0.20% a year, spread over roughly 400 positions. A billion-dollar-plus book built since its 2023 launch.

CLOO Most CLO ETFs park at AAA and stop. CLOO's mandate is the wider investment-grade stack, seeking capital preservation and current income from CLO debt tranches for 0.25% a year.

Stated mandate

CLOA The fund seeks exposure to U.S. dollar-denominated AAA-rated collateralized loan obligations, using active credit selection to pursue income and capital preservation with potentially low volatility.

CLOO The Fund seeks capital preservation and current income by investing in investment grade-rated debt tranches of collateralized loan obligations.

Why people hold it

  • CLOA Charges 0.20% a year, below the 0.25% typical for CLO funds and level with what most of the category's biggest names (JAAA, FAAA, ACLO) charge.
  • Roughly 400 separate CLO positions, one of the deepest books in its peer group, so no single deal carries the fund.
  • Actively run: the team selects deals and CLO managers instead of buying whatever a benchmark holds. The CLOIE AAA index is the yardstick, not the rulebook.
  • Income arrives monthly, and it sits among the easier funds in its cohort to get in and out of.
  • CLOO Buys investment grade-rated CLO tranches broadly, not only the AAA slice that the shelf's biggest names (JAAA, CLOA, PAAA, FAAA, ACLO) are built around.
  • 0.25% a year lands right at the median for CLO funds, a few basis points north of the AAA-only crowd.
  • A focused book of roughly 100 CLO positions, and the portfolio behind it is the fund's strongest feature; overall it sits in the upper half of its CLO peer group.

Worth knowing

  • CLOA Active means manager-dependent. There is no index to fall back on, so outcomes hinge on which deals the desk picks.
  • The mandate pursues income and capital preservation with potentially low volatility. That is the aim, not a floor; CLO prices still move.
  • Trading since January 2023, so its record is short next to long-running bond funds and covers a narrow slice of credit history.
  • CLOO Launched in 2026, so there is no long record here, and the risk read so far rests on a short window.
  • Reaching below AAA into lower investment-grade tranches means taking credit risk the AAA-only funds leave on the table.
  • Still a small, thinly traded fund, so spreads can run wider than at the category's heavyweights.

Full CLOA profile⁠

Full CLOO profile⁠

CLOA vs CLOO 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.

CLOA vs CLOO Cost

Overpaying CLOO vs CLOA

$1,004

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

  • CLOA 0.20%

    $4,155

  • CLOO 0.25%

    $5,159

$10,000
30 years

Cost over time

  • CLOA 0.20%
  • CLOO 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530CLOO $5,159CLOA $4,155

Year by year

YearCLOACLOOOverpaying
10$365$455$90
20$1,421$1,769$348
30$4,155$5,159$1,004

Expense ratio

  • 0.20%CLOA, cheaper
  • 0.25%CLOO
  • Middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.28%

CLOA 8th cheapest of 34 funds

CLOO 16th cheapest of 34 funds

CLOA vs CLOO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CLOA 4.77%
CLOO No data
Payout (12M)
CLOA $2.48
CLOO No data
Last payment
CLOA $0.20
CLOO $0.11
Ex-dividend
CLOA Oct 1, 2026
CLOO Oct 30, 2026
Paid on
CLOA Oct 6, 2026
CLOO Pays Nov 3, 2026
Frequency
CLOA Monthly
CLOO Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CLOAMonthly · 44 paymentsAll CLOA payments⁠
One bar per payment. 44 payments from 2023 to 2026 YTD. Mar 1, 2023 $0.35; Apr 3, 2023 $0.25; May 1, 2023 $0.26; Jun 1, 2023 $0.28; Jul 3, 2023 $0.25; Aug 1, 2023 $0.25; Sep 1, 2023 $0.29; Oct 2, 2023 $0.25; Nov 1, 2023 $0.26; Dec 1, 2023 $0.27; Dec 14, 2023 $0.31; Feb 1, 2024 $0.24; Mar 1, 2024 $0.24; Apr 1, 2024 $0.28; May 1, 2024 $0.23; Jun 3, 2024 $0.27; Jul 1, 2024 $0.26; Aug 1, 2024 $0.25; Sep 3, 2024 $0.28; Oct 1, 2024 $0.27; Nov 1, 2024 $0.27; Dec 2, 2024 $0.26; Dec 18, 2024 $0.24; Feb 3, 2025 $0.24; Mar 3, 2025 $0.22; Apr 1, 2025 $0.25; May 1, 2025 $0.24; Jun 2, 2025 $0.24; Jul 1, 2025 $0.22; Aug 1, 2025 $0.23; Sep 2, 2025 $0.23; Oct 1, 2025 $0.22; Nov 3, 2025 $0.24; Dec 1, 2025 $0.21; Dec 19, 2025 $0.23; Feb 2, 2026 $0.21; Mar 2, 2026 $0.19; Apr 1, 2026 $0.19; May 1, 2026 $0.20; Jun 1, 2026 $0.20; Jul 1, 2026 $0.20; Aug 3, 2026 $0.21; Sep 1, 2026 $0.21; Oct 1, 2026 $0.20. Use the arrow keys to read each point.$0$0.2520232026YTD
CLOOMonthly · 6 paymentsAll CLOO payments⁠
One bar per payment. 6 payments from 2023 to 2026 YTD. May 29, 2026 $0.08; Jun 30, 2026 $0.07; Jul 31, 2026 $0.10; Aug 31, 2026 $0.10; Sep 30, 2026 $0.10; Oct 30, 2026 $0.11. Use the arrow keys to read each point.$0$0.2520232026YTD

CLOA vs CLOO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CLOA 0.8%CLOO No data
Return per unit of riskSharpe ratio, 3 years
CLOA 2.24CLOO No data
Worst fallMax drawdown, 5 years
CLOA −1.4%since Jan 2023CLOO No data
Market sensitivityBeta, 5 years
CLOA 0.01CLOO −0.02

CLOA and CLOO in the news

All news⁠

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