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NCLOvsBCLOETF Comparison

ETF 1
NCLO

Nuveen AA-BBB CLO ETF

This fund is part of
US Corporate IG Bonds
-0.2%
VS
ETF 2
BCLO

iShares BBB-B CLO Active ETF

This fund is part of
US Aggregate Bonds
-0.23%

Nuveen AA-BBB CLO ETF (NCLO) and iShares BBB-B CLO Active ETF (BCLO) have similar underlying exposures to countries and sectors. NCLO's top 1 sector exposures are Industrials. In contrast, BCLO's top sector exposures are Industrials and Non-Corporate. NCLO is less expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.45% for BCLO. NCLO is up 3.72% year-to-date (YTD) with +$11M in YTD flows. BCLO performs better with 4.29% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of NCLO and BCLO 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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NCLO vs BCLO performance and flow charts

Performance

0.00.20.40.60.81.0%Jul 31Aug 7Aug 14Aug 21Aug 28

Cumulative Flows

0500,0001,000,0001,500,0002,000,0002,500,0003,000,0003,500,000Jul 31Aug 7Aug 14Aug 21Aug 28

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 08/31/2026
1M3MYTD1Y3Y5Y
Perf.
NCLO
BCLO
+0.62%+0.91%
+1.49%+1.70%
+3.72%+4.29%
+5.62%+6.01%
n/an/a
n/an/a
Flows
NCLO
BCLO
+$3M-
+$2M+$10M
+$11M+$10M
+$75M+$20M
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
NCLO
BCLO
+0.32%+0.76%
+1.04%+1.55%
n/an/a
n/an/a
Max drawdown
NCLO
BCLO
n/a-0.06%
-1.10%-1.94%
n/an/a
n/an/a
Max drawdown duration
NCLO
BCLO
n/a4d
42d71d
n/an/a
n/an/a
Trading data

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NCLO
BCLO
Last sale
9/2/2026 at 1:30 PM
$25.04
$49.64
Previous close
09/01/2026
$25.02
$49.59
Consolidated volume
09/01/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
NCLO
BCLO
Last price
$25.04
$49.64
1D performance
+0.07%
+0.11%
AuM$154.91 M$84.09 M
E/R0.26%0.45%
Characteristics
NCLO
BCLO
Management strategyActiveActive
ProviderNuveeniShares
Benchmark--
N° of holdings33
Asset class--
Trailing 12m distribution yield
Join
Join
Inception dateDecember 10, 2024January 29, 2025
ESGNoNo
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Exposure

Countries

NCLO
Other
100%
BCLO
Other
100%

Sectors

NCLO
Other
100%
BCLO
Other
100%
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Diversification

NCLO

Total weight of top 15 holdings out of 15

29.02%
BCLO

Total weight of top 15 holdings out of 15

48.54%

Top 15 holdings

Data as of July 31, 2026
NCLO
US00900LBQ68
2.65%
US67121RAJ23
2.32%
US67570FAE51
2.31%
US38139FAU49
2.23%
US597921AG03
2.14%
US64132YBN13
1.98%
US039948AG96
1.98%
US00900GAW50
1.98%
US69703YAG52
1.78%
US12575WAG42
1.68%
US143120AU72
1.65%
USG6110CAD23
1.65%
US03330YAQ35
1.65%
US48256NAE94
1.53%
US48257WAG33
1.48%
BCLO
US289913AT28
5.95%
US67706XAY94
4.77%
US69703WAJ36
4.00%
US38138TAY73
3.64%
US03771MAJ18
3.44%
US09077YAJ38
2.99%
US38139FAW05
2.97%
US67121RAL78
2.97%
US93656JAJ97
2.97%
US38190BAG05
2.67%
US69702TAS15
2.65%
Ares CLO 2024-75A, FRN 15jan2037, USD (ABS, D1)
2.38%
US00889EAW57
2.38%
US05876HAJ14
2.38%
US87169JAS15
2.38%
Frequently asked questions about NCLO and BCLO

How have the NCLO and BCLO ETFs performed in 2026?

As of August 31, 2026, NCLO is up 3.72% year-to-date (YTD), while BCLO has returned 4.29%. That puts BCLO better performer ahead so far this year.

Which ETF is attracting more investor money: NCLO or BCLO?

Year-to-date, the NCLO ETF saw +$11M in flows, compared to +$10M for BCLO.

Which ETF is more volatile: NCLO or BCLO?

Over the past year, NCLO had a volatility of 1.04%, while BCLO experienced 1.55%.

Which ETF is bigger: NCLO or BCLO?

As of August 31, 2026, NCLO holds $154.91 M in assets under management (AUM), while BCLO manages $84.09 M.

What are the top holdings of the NCLO ETF and BCLO ETF?

NCLO top holdings include US00900LBQ68, US67121RAJ23 and US67570FAE51. BCLO holds in its top three: US289913AT28, US67706XAY94 and US69703WAJ36.

Which ETF is more diversified: NCLO or BCLO?

NCLO holds 105 securities with 29.02% of its assets in the top 15. BCLO has 55 securities and a top 15 weight of 48.54%.

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