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CLOA vs GCLO

iShares AAA CLO Active ETF

CLOAANasdaq

Guggenheim Investment Grade CLO ETF

GCLO—NYSE Arca

Overlap

No data

Expense ratio

CLOA −0.15pt a year

CLOA0.20%GCLO0.35%

Avg volume · 30D

CLOA 13.9×the volume

CLOA593KGCLO42.6K

CLOA vs GCLO Performance

Sep 30, 2026 – Oct 30, 2026

+0.6%CLOA+0.3%GCLO

Sep 30, 2026 to Oct 30, 2026. CLOA +0.6%. GCLO +0.3%. Use the arrow keys to read each point.0%0.1%0.2%0.4%0.5%Sep 30Oct 15Oct 30
Expense ratio
CLOA 0.20%, better
GCLO 0.35%
Fund size
CLOA $2.8B
GCLO $60M
1Y total return
CLOA +5.0%
GCLO No data
Yield (12M)
CLOA 4.77%
GCLO No data
Holdings
CLOA 458
GCLO 21
Avg volume (30D)
CLOA 593K sh, better
GCLO 42.6K sh
NAV per share
CLOA $51.96
GCLO $50.22
52W range

ETF.net Grade

  • —GCLONot yet graded
CLOA: Cost 80, Risk 68, Mission not scored, Tradability 94, Holdings 98, Durability 91.
Pillar letters and Scores for CLOA, GCLO, with each pillar’s weight
PillarCLOAGCLO
Cost30% weightA80Not scored
Mission25% weightNot scoredNot scored
Risk15% weightB68Not scored
Tradability15% weightA94Not scored
Holdings10% weightA98Not scored
Durability5% weightA91Not scored

Rank among Collateralized Loan Obligations (CLO) funds

How we build Categories ›

Our read on each fund

ETF.net Research

CLOAAiShares AAA CLO Active ETF

GCLO—Guggenheim 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.

GCLO No data

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.

GCLO No data

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.

GCLO No data

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.

GCLO No data

Full CLOA profile⁠

Full GCLO profile⁠

CLOA vs GCLO 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 GCLO Cost

Overpaying GCLO vs CLOA

$2,971

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

  • CLOA 0.20%

    $4,155

  • GCLO 0.35%

    $7,126

$10,000
30 years

Cost over time

  • CLOA 0.20%
  • GCLO 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GCLO $7,126CLOA $4,155

Year by year

YearCLOAGCLOOverpaying
10$365$634$269
20$1,421$2,454$1,033
30$4,155$7,126$2,971

Expense ratio

  • 0.20%CLOA, cheaper
  • 0.35%GCLO
  • Middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.28%

CLOA 8th cheapest of 34 funds

GCLO 21st cheapest of 34 funds

CLOA vs GCLO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CLOA 4.77%
GCLO No data
Payout (12M)
CLOA $2.48
GCLO No data
Last payment
CLOA $0.20
GCLO $0.14
Ex-dividend
CLOA Oct 1, 2026
GCLO Oct 5, 2026
Paid on
CLOA Oct 6, 2026
GCLO Oct 9, 2026
Frequency
CLOA Monthly
GCLO 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
GCLOMonthly · 2 paymentsAll GCLO payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Sep 3, 2026 $0.06; Oct 5, 2026 $0.14. Use the arrow keys to read each point.$0$0.2520232026YTD

CLOA vs GCLO 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%GCLO No data
Return per unit of riskSharpe ratio, 3 years
CLOA 2.24GCLO No data
Worst fallMax drawdown, 5 years
CLOA −1.4%since Jan 2023GCLO No data
Market sensitivityBeta, 5 years
CLOA 0.01GCLO 0.00

CLOA and GCLO in the news

All news⁠

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