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NCLOvsFLBLETF Comparison

ETF 1

NCLO

Nuveen AA-BBB CLO ETF

This fund is part of

US Corporate IG Bonds

+0.33%

Full NCLO fund page

VS

ETF 2

FLBL

Franklin Senior Loan ETF

This fund is part of

US Aggregate Bonds

+0.45%

Full FLBL fund page

Nuveen AA-BBB CLO ETF (NCLO) and Franklin Senior Loan ETF (FLBL) have similar underlying exposures to countries and sectors. NCLO's top 1 sector exposures are Industrials. In contrast, FLBL's top sector exposures are Finance, Consumer Services and Industrials. NCLO is less expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.45% for FLBL. NCLO is up 4.24% year-to-date (YTD) with +$67M in YTD flows. FLBL performs worse with -2.06% YTD performance, and -$151M in YTD flows. Run a side-by-side ETF comparison of NCLO and FLBL 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 FLBL performance and flow charts

Performance

Cumulative Flows

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

Data Services

Historic performance and flows

Data as of 10/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NCLO FLBL	+0.24%-1.24%	+1.43%-0.83%	+4.24%-2.06%	+5.50%-2.83%	n/a+10.83%	n/a+13.59%
Flows	NCLO FLBL	+$54M-$103M	+$69M-$83M	+$67M-$151M	+$97M-$351M	-+$584M	-+$646M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NCLO FLBL	+0.40%+2.28%	+1.04%+2.65%	n/a+2.06%	n/a+2.52%
Max drawdown	NCLO FLBL	-0.12%-1.57%	-1.10%-3.47%	n/a-4.18%	n/a-8.20%
Max drawdown duration	NCLO FLBL	15d45d	42d347d	n/a394d	n/a533d

Trading data

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	NCLO	FLBL
Last sale 10/16/2026 at 1:30 PM	$25.02	$22.71
Previous close 10/15/2026	$24.99	$22.72
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	NCLO	FLBL
Last price	$25.02	$22.71
1D performance	+0.12%	-0.04%
AuM	$211.09 M	$759.15 M
E/R	0.26%	0.45%

Characteristics

	NCLO	FLBL
Management strategy	Active	Active
Provider	Nuveen	Franklin Templeton
Benchmark	-	-
N° of holdings	2	1434
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 10, 2024	May 30, 2018
ESG	No	No

More NCLO data on Trackinsight

More FLBL data on Trackinsight

Exposure

Countries

NCLO

Other

100%

FLBL

Other

100%

Sectors

NCLO

Other

100%

FLBL

Other

100%

Diversification

NCLO

Total weight of top 15 holdings out of 15

28.39%

FLBL

Total weight of top 15 holdings out of 15

17.58%

Top 15 holdings

Data as of August 31, 2026

NCLO

US00900LBQ68

2.62%

US67121RAJ23

2.29%

US67570FAE51

2.29%

US38139FAU49

2.20%

US597921AG03

2.12%

US64132YBN13

1.96%

US00900GAW50

1.96%

US039948AG96

1.95%

US69703YAG52

1.76%

US143120AU72

1.64%

USG6110CAD23

1.63%

US03330YAQ35

1.63%

US48256NAE94

1.51%

US48257WAG33

1.47%

US05874XAU37

1.38%

FLBL

US71360HAB33

1.48%

US57906HAF47

1.39%

US05988HAQ02

1.36%

US03234TBB35

1.34%

US23923YAB74

1.29%

US81527CAP23

1.26%

US22164MAB37

1.21%

US44332EAZ97

1.16%

US009ABISG20

1.15%

US29426NAZ78

1.08%

US04686RAF01

1.02%

US01957TAX54

0.99%

US01881UAN54

0.98%

USMM0052STB4

0.97%

US11132VAY56

0.92%

Frequently asked questions about NCLO and FLBL

NCLOvsFLBLETF Comparison

Nuveen AA-BBB CLO ETF

Franklin Senior Loan ETF

NCLO vs FLBL performance and flow charts

Performance

Cumulative Flows

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

Countries

Sectors

Diversification

Top 15 holdings

How have the NCLO and FLBL ETFs performed in 2026?

As of October 14, 2026, NCLO is up 4.24% year-to-date (YTD), while FLBL has lost -2.06%. That puts NCLO better performer ahead so far this year.

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

Year-to-date, the NCLO ETF saw +$67M in flows, compared to -$151M for FLBL.

Which ETF is more volatile: NCLO or FLBL?

Over the past year, NCLO had a volatility of 1.04%, while FLBL experienced 2.65%.

Which ETF is bigger: NCLO or FLBL?

As of October 14, 2026, NCLO holds $211.09 M in assets under management (AUM), while FLBL manages $759.15 M.

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

NCLO top holdings include US00900LBQ68, US67121RAJ23 and US67570FAE51. FLBL holds in its top three: US71360HAB33, US57906HAF47 and US05988HAQ02.

Which ETF is more diversified: NCLO or FLBL?

NCLO holds 105 securities with 28.39% of its assets in the top 15. FLBL has 2275 securities and a top 15 weight of 17.58%.

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