AAAvsCLOAETF Comparison
VS
AXS First Priority CLO Bond ETF (AAA) and iShares AAA CLO Active ETF (CLOA) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: US Corporate IG Bonds. AAA's top 2 sector exposures are Industrials and Finance. In contrast, CLOA's top sector exposures are Industrials and Non-Corporate. AAA is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.2% for CLOA. AAA is up 3.18% year-to-date (YTD) with +$22M in YTD flows. CLOA performs better with 3.2% YTD performance, and +$881M in YTD flows. Run a side-by-side ETF comparison of AAA and CLOA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AAA vs CLOA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AAA CLOA | +0.48%+0.48% | +1.13%+1.13% | +3.18%+3.20% | +4.82%+4.97% | +19.19%+20.26% | +26.20%n/a |
| Flows | AAA CLOA | +$20M+$78M | +$25M+$114M | +$22M+$881M | +$22M+$1.12B | +$58M+$2.22B | +$55M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAA CLOA | +0.32%+0.21% | +0.46%+0.45% | +1.19%+0.59% | +1.42%n/a |
| Max drawdown | AAA CLOA | n/an/a | -0.11%-0.11% | -0.86%-0.75% | -2.37%n/a |
| Max drawdown duration | AAA CLOA | n/an/a | 4d4d | 26d21d | 375dn/a |
Trading data
AAA | CLOA | |
Last sale 9/1/2026 at 1:30 PM | $24.90 | $51.79 |
| Previous close 08/31/2026 | $24.90 | $51.99 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
AAA | CLOA | |
|---|---|---|
| Last price | $24.90 | $51.79 |
| 1D performance | -0.02% | -0.38% |
| AuM | $64.92 M | $2.27 B |
| E/R | 0.25% | 0.2% |
Characteristics
AAA | CLOA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AXS Investments | iShares |
| Benchmark | - | - |
| N° of holdings | 6 | 65 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 9, 2020 | January 10, 2023 |
| ESG | No | No |
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Exposure
Countries
AAA
USA
17.37%
Other
82.63%
CLOA
USA
19.24%
Other
80.76%
Sectors
AAA
Industrials
12.9%
Other
87.1%
CLOA
Industrials
17.39%
Other
82.61%
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Diversification
AAA
Total weight of top 15 holdings out of 15
59.48%
CLOA
Total weight of top 15 holdings out of 15
13.75%
Top 15 holdings
Data as of July 31, 2026
AAA
US03166GAA67
4.47%
Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A)
4.46%
Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A)
4.46%
US03766HAQ39
4.46%
US149791BG90
4.46%
US15032EAY59
4.46%
US55952MAJ27
4.45%
US92919AAN46
4.45%
US55817DAA63
4.45%
US82808UAA34
3.35%
US50190KAN00
3.35%
Trinitas CLO 2024-30A, FRN 23oct2037, USD (ABS, A1)
3.35%
US05686CAA18
3.34%
US09627FBA75
3.12%
Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1)
2.86%
CLOA
BlackRock Cash Funds - Treasury
1.85%
US48257WAA62
0.91%
AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)
0.91%
1988 CLO 2023-2A, FRN 15apr2038, USD (ABS, A1R)
0.91%
US87268VAA35
0.91%
US29003NAJ46
0.91%
US04018XAN93
0.91%
Bain Capital Credit CLO 2024-1A, FRN 18apr2039, USD (ABS, A1R)
0.91%
US48255UAV61
0.89%
US64754YAA73
0.86%
US143111AY87
0.84%
US003943AA51
0.78%
US03330WAU80
0.73%
US29002AAW45
0.73%
US48254LAN55
0.69%
Frequently asked questions about AAA and CLOA
How have the AAA and CLOA ETFs performed in 2026?
As of August 31, 2026, AAA is up 3.18% year-to-date (YTD), while CLOA has returned 3.2%. That puts CLOA better performer ahead so far this year.
Which ETF is attracting more investor money: AAA or CLOA?
Year-to-date, the AAA ETF saw +$22M in flows, compared to +$881M for CLOA.
Which ETF is more volatile: AAA or CLOA?
Over the past year, AAA had a volatility of 0.46%, while CLOA experienced 0.45%.
Which ETF is bigger: AAA or CLOA?
As of August 31, 2026, AAA holds $64.92 M in assets under management (AUM), while CLOA manages $2.27 B.
What sectors do the AAA and CLOA ETFs invest in?
AAA leans toward sectors like Industrials. Meanwhile, CLOA focuses on Industrials.
What are the top holdings of the AAA ETF and CLOA ETF?
AAA top holdings include US03166GAA67, Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A) and Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A). CLOA holds in its top three: BlackRock Cash Funds - Treasury, US48257WAA62 and AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1).
Which ETF is more diversified: AAA or CLOA?
AAA holds 30 securities with 59.48% of its assets in the top 15. CLOA has 414 securities and a top 15 weight of 13.75%.
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Latest news about AAA & CLOA
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