CLOC vs CLOZ: Grades, Fees and Holdings Compared

AAM Crescent CLO ETF

CLOCBNYSE Arca

Eldridge BBB-B CLO ETF

CLOZDNYSE Arca

Overlap

No data

Expense ratio

CLOC −0.32pt a year

CLOC0.18%CLOZ0.50%

Avg volume · 30D

CLOZ 96.7×the volume

CLOC4.83KCLOZ467K

CLOC vs CLOZ Performance

Oct 31, 2025 – Oct 30, 2026

+5.5%CLOC+4.3%CLOZ

Expense ratio: CLOC 0.18%, better; CLOZ 0.50%
Fund size: CLOC $61M; CLOZ $712M
1Y total return: CLOC +5.5%, better; CLOZ +4.3%
Yield (12M): CLOC No data; CLOZ 7.13%
Holdings: CLOC 63; CLOZ 194
Avg volume (30D): CLOC 4.83K sh; CLOZ 467K sh, better
NAV per share: CLOC $24.81; CLOZ $26.08
52W range

ETF.net Grade

Pillar letters and Scores for CLOC, CLOZ, with each pillar’s weight
Pillar	CLOC	CLOZ
Cost30% weight	A100Higher	F17
Mission25% weight	Not scored	Not scored
Risk15% weight	A71Higher	D29
Tradability15% weight	F12	B56Higher
Holdings10% weight	C49	A76Higher
Durability5% weight	C46	A75Higher

Rank among Collateralized Loan Obligations (CLO) funds

How we build Categories ›

Same Category. CLOC and CLOZ 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 CLOZ 25th of 34 funds in the Collateralized Loan Obligations (CLO) Category.

Rank 8BCLOXEldridge AAA CLO ETFScore 68
Rank 9BCLOCAAM Crescent CLO ETFScore 66
Rank 10BFUSIAmerican Century Ultrashort Income ETFScore 64
Rank 24CJBBBJanus Henderson B-BBB CLO ETFScore 41
Rank 25DCLOZEldridge BBB-B CLO ETFScore 38
Rank 26DABIVictoryShares Pioneer Asset-Based Inc ETFScore 36

Our read on each fund

ETF.net Research

CLOCBAAM Crescent CLO ETF

CLOZDEldridge BBB-B CLO ETF

In short

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.

CLOZ Most CLO ETFs park in the AAA slice. CLOZ heads down the stack to the BBB and BB tranches, where coupons are fatter and credit losses land sooner. Actively managed, income first, paid monthly.

Stated mandate

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

CLOZ The Fund seeks current income and, secondarily, capital preservation.

Why people hold it

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.

CLOZ Mezzanine specialist: 80% of assets go to CLO tranches rated BBB+ to B- per the prospectus, up to 70% below investment grade. JAAA and PAAA stay at the top of the stack.sec.gov
Income is the stated job, not a byproduct: current income first, capital preservation second, and cash goes out monthly.sec.gov
Live since January 2023, run by a structured-credit shop that invests in CLOs and private ABS as both buyer and issuer. Actively managed, no index.eldridge.com

Worth knowing

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.

CLOZ The fee is the toll: 0.50% a year, double the typical CLO ETF and roughly 2.5x what AAA funds like JAAA and PAAA charge.
Further down the waterfall: with up to 70% permitted in below-investment-grade tranches, credit stress shows up in prices here sooner than in AAA CLO funds.sec.gov
No index to check it against, so tranche and CLO-manager selection is the adviser's call.eldridge.com

Full CLOC profile⁠

Full CLOZ profile⁠

CLOC vs CLOZ Holdings

How CLOC and CLOZ differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile80.6%
Asset classFixed Income100%

Sector

No Sector split for CLOC and CLOZ.

Country, concentration and asset class

Country by domicile

Country weights in CLOC and CLOZ, widest gap first
Country	More in CLOCMore in CLOZ	CLOC	CLOZ
Cayman Islands	CLOZ +19.4 points	72.5%	91.9%
United States	CLOC +16.9 points	24.2%	7.3%
United Kingdom	CLOC +2.6 points	3.3%	0.7%

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

Concentration

Weight in the 10 largest Holdings

CLOC24.7%
CLOZ12.8%

Securities held

CLOC62
CLOZ193

Asset class

CLOC: Fixed Income
CLOZ: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. CLOC holds 62 securities, CLOZ 193.

All 63 CLOC holdings⁠All CLOZ 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.

CLOC vs CLOZ Cost

Overpaying CLOZ vs CLOC

$6,230

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

CLOC 0.18%
$3,749
CLOZ 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

CLOC 0.18%
CLOZ 0.50%
Overpaying

Year by year

Year	CLOC	CLOZ	Overpaying
10	$328	$900	$572
20	$1,281	$3,460	$2,179
30	$3,749	$9,979	$6,230

Expense ratio

0.18%CLOC, cheaper
0.50%CLOZ

CLOC0.18%CLOZ0.50%

0.18%0.68%

Middle half of Collateralized Loan Obligations (CLO) funds
Median 0.28%

CLOC cheapest of 34 funds

CLOZ 28th cheapest of 34 funds

CLOC vs CLOZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CLOC No data; CLOZ 7.13%
Payout (12M): CLOC No data; CLOZ $1.85
Last payment: CLOC $0.13; CLOZ $0.15
Ex-dividend: CLOC Oct 30, 2026; CLOZ Oct 2, 2026
Paid on: CLOC Pays Nov 3, 2026; CLOZ Oct 8, 2026
Frequency: CLOC Monthly; CLOZ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CLOCMonthly · 12 paymentsAll CLOC payments⁠

CLOZMonthly · 45 paymentsAll CLOZ payments⁠

CLOC vs CLOZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CLOC 1.3%since Nov 2025CLOZ 3.9%
Return per unit of riskSharpe ratio, 3 years: CLOC 1.22since Nov 2025CLOZ 0.91
Worst fallMax drawdown, 5 years: CLOC −0.5%since Oct 2025CLOZ −5.3%since Jan 2023
Market sensitivityBeta, 5 years: CLOC 0.07CLOZ 0.02; Market = 1

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