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CLOA vs UUPP

iShares AAA CLO Active ETF

CLOAANasdaq

Principal CLO ETF

UUPPCCboe

Overlap

No data

Expense ratio

UUPP −0.01pt a year

CLOA0.20%UUPP0.19%

Avg volume · 30D

CLOA 2296.6×the volume

CLOA593KUUPP258

CLOA vs UUPP Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%CLOA+1.5%UUPP

Jul 31, 2026 to Oct 30, 2026. CLOA +1.1%. UUPP +1.5%. Use the arrow keys to read each point.0%0.25%0.5%0.75%Jul 2026Sep 2026Oct 2026
Expense ratio
CLOA 0.20%
UUPP 0.19%, better
Fund size
CLOA $2.8B
UUPP $15M
1Y total return
CLOA +5.0%
UUPP No data
Yield (12M)
CLOA 4.77%
UUPP No data
Holdings
CLOA 458
UUPP 29
Avg volume (30D)
CLOA 593K sh, better
UUPP 258 sh
NAV per share
CLOA $51.96
UUPP $25.15
52W range

ETF.net Grade

CLOA: Cost 80, Risk 68, Mission not scored, Tradability 94, Holdings 98, Durability 91. UUPP: Cost 80, Risk 54, Mission not scored, Tradability 19, Holdings 42, Durability 17.
Pillar letters and Scores for CLOA, UUPP, with each pillar’s weight
PillarCLOAUUPP
Cost30% weightA80A80
Mission25% weightNot scoredNot scored
Risk15% weightB68HigherC54
Tradability15% weightA94HigherF19
Holdings10% weightA98HigherC42
Durability5% weightA91HigherF17

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 UUPP 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 UUPP 13th 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 11BTRPAHartford AAA CLO ETFScore 57
  4. Rank 13CUUPPPrincipal CLO ETFScore 53
  5. Rank 14CPSQAPalmer Square CLO Senior Debt ETFScore 52

Our read on each fund

ETF.net Research

CLOAAiShares AAA CLO Active ETF

UUPPCPrincipal 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.

UUPP 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.

UUPP 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.

UUPP 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.

UUPP No data

Full CLOA profile⁠

Full UUPP profile⁠

CLOA vs UUPP 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 UUPP Cost

Overpaying CLOA vs UUPP

$203

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

  • CLOA 0.20%

    $4,155

  • UUPP 0.19%

    $3,952

$10,000
30 years

Cost over time

  • CLOA 0.20%
  • UUPP 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530CLOA $4,155UUPP $3,952

Year by year

YearCLOAUUPPOverpaying
10$365$347$18
20$1,421$1,351$70
30$4,155$3,952$203

Expense ratio

  • 0.20%CLOA
  • 0.19%UUPP, cheaper
  • Middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.28%

UUPP 2nd cheapest of 34 funds

CLOA 8th cheapest of 34 funds

CLOA vs UUPP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CLOA 4.77%
UUPP No data
Payout (12M)
CLOA $2.48
UUPP No data
Last payment
CLOA $0.20
UUPP $0.10
Ex-dividend
CLOA Oct 1, 2026
UUPP Oct 1, 2026
Paid on
CLOA Oct 6, 2026
UUPP Oct 5, 2026
Frequency
CLOA Monthly
UUPP 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
UUPPMonthly · 4 paymentsAll UUPP payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Jul 1, 2026 $0.12; Aug 3, 2026 $0.11; Sep 1, 2026 $0.10; Oct 1, 2026 $0.10. Use the arrow keys to read each point.$0$0.2520232026YTD

CLOA vs UUPP 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%UUPP No data
Return per unit of riskSharpe ratio, 3 years
CLOA 2.24UUPP No data
Worst fallMax drawdown, 5 years
CLOA −1.4%since Jan 2023UUPP No data
Market sensitivityBeta, 5 years
CLOA 0.01UUPP −0.10

CLOA and UUPP in the news

All news⁠

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