CLOAvsCAGEETF Comparison
VS
iShares AAA CLO Active ETF (CLOA) and Calamos Autocallable Growth ETF (CAGE) have similar underlying exposures to countries and sectors. CLOA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, CAGE's top sector exposures are Sovereign. CLOA is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.82% for CAGE. Run a side-by-side ETF comparison of CLOA and CAGE 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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CLOA vs CAGE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CLOA CAGE | +0.48%+6.29% | +1.15%+2.59% | +3.15%n/a | +5.01%n/a | +20.30%n/a | n/an/a |
| Flows | CLOA CAGE | +$78M+$34M | +$125M+$95M | +$871M- | +$1.13B- | +$2.21B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CLOA CAGE | +0.20%+22.49% | +0.46%n/a | +0.59%n/a | n/an/a |
| Max drawdown | CLOA CAGE | n/a-6.69% | -0.11%n/a | -0.75%n/a | n/an/a |
| Max drawdown duration | CLOA CAGE | n/a62d | 4dn/a | 21dn/a | n/an/a |
Trading data
CLOA | CAGE | |
Last sale 8/28/2026 at 1:30 PM | $51.98 | $29.01 |
| Previous close 08/27/2026 | $51.98 | $29.14 |
| Consolidated volume 08/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/28/2026 at 1:30 PM
Live
Closed
CLOA | CAGE | |
|---|---|---|
| Last price | $51.98 | $29.01 |
| 1D performance | +0.00% | -0.45% |
| AuM | $2.26 B | $139.44 M |
| E/R | 0.2% | 0.82% |
Characteristics
CLOA | CAGE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | iShares | Calamos Investments |
| Benchmark | - | - |
| N° of holdings | 65 | 2 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 10, 2023 | April 16, 2026 |
| ESG | No | No |
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Exposure
Countries
CLOA
USA
19.24%
Other
80.76%
CAGE
USA
17.36%
Other
82.64%
Sectors
CLOA
Industrials
17.39%
Other
82.61%
CAGE
Sovereign
17.36%
Other
82.64%
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Diversification
CLOA
Total weight of top 15 holdings out of 15
13.75%
CAGE
Total weight of top 2 holdings out of 2
98.34%
Top 15 holdings
Data as of July 31, 2026
CLOA
BlackRock Cash Funds - Treasury
1.85%
US48257WAA62
0.91%
AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)
0.91%
US87268VAA35
0.91%
1988 CLO 2023-2A, FRN 15apr2038, USD (ABS, A1R)
0.91%
US04018XAN93
0.91%
US29003NAJ46
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%
CAGE
US12811T5149
80.98%
USA, Bills 0% 7jan2027, USD (182D)
17.36%
Frequently asked questions about CLOA and CAGE
Which ETF is bigger: CLOA or CAGE?
As of August 28, 2026, CLOA holds $2.26 B in assets under management (AUM), while CAGE manages $139.44 M.
What sectors do the CLOA and CAGE ETFs invest in?
CLOA leans toward sectors like Industrials. Meanwhile, CAGE focuses on Sovereign.
What are the top holdings of the CLOA ETF and CAGE ETF?
CLOA top holdings include BlackRock Cash Funds - Treasury, US48257WAA62 and AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1). CAGE holds in its top three: US12811T5149 and USA, Bills 0% 7jan2027, USD (182D).
Which ETF is more diversified: CLOA or CAGE?
CLOA holds 414 securities with 13.75% of its assets in the top 15. CAGE has 2 securities.
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Latest news about CLOA & CAGE
CAGE ETF: Calamos Brings Autocallable Growth to ETFs
April 16, 2026
CAGE
Tony's ETF Buyers Guide: Collateralized Loan Obligation (CLO) ETFs
June 27, 2024
CLOA
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