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PSQAvsCLOAETF Comparison

ETF 1

PSQA

Palmer Square CLO Senior Debt ETF

This fund is part of

US Corporate IG Bonds

+0.04%

Full PSQA fund page

VS

ETF 2

CLOA

iShares AAA CLO Active ETF

This fund is part of

US Corporate IG Bonds

+0.04%

Full CLOA fund page

Palmer Square CLO Senior Debt ETF (PSQA) 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. PSQA's top 1 sector exposures are Industrials. In contrast, CLOA's top sector exposures are Industrials and Non-Corporate. PSQA is more expensive with a Total Expense Ratio (TER) of 0.21%, versus 0.2% for CLOA. PSQA is up 3.39% year-to-date (YTD) with +$136M in YTD flows. CLOA performs worse with 3.23% YTD performance, and +$881M in YTD flows. Run a side-by-side ETF comparison of PSQA 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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PSQA vs CLOA 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 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PSQA CLOA	+0.42%+0.48%	+1.23%+1.17%	+3.39%+3.23%	+5.19%+5.01%	n/a+20.19%	n/an/a
Flows	PSQA CLOA	+$32M+$57M	+$70M+$93M	+$136M+$881M	+$166M+$1.12B	-+$2.22B	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PSQA CLOA	+0.22%+0.20%	+0.45%+0.45%	n/a+0.59%	n/an/a
Max drawdown	PSQA CLOA	n/an/a	-0.24%-0.11%	n/a-0.75%	n/an/a
Max drawdown duration	PSQA CLOA	n/an/a	20d4d	n/a21d	n/an/a

Trading data

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	PSQA	CLOA
Last sale 9/3/2026 at 1:30 PM	$20.70	$51.83
Previous close 09/02/2026	$20.67	$51.80
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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CLOA

is actively managed and doesn’t replicate an index

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	PSQA	CLOA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/3/2026 at 1:30 PM

Live

Closed

	PSQA	CLOA
Last price	$20.70	$51.83
1D performance	+0.17%	+0.06%
AuM	$209.59 M	$2.26 B
E/R	0.21%	0.2%

Characteristics

	PSQA	CLOA
Management strategy	Passive	Active
Provider	Palmer Square	iShares
Benchmark	Palmer Square CLO Senior Debt Index	-
N° of holdings	18	65
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 11, 2024	January 10, 2023
ESG	No	No

More PSQA data on Trackinsight

More CLOA data on Trackinsight

Exposure

Countries

PSQA

USA

16.83%

Other

83.17%

CLOA

USA

19.24%

Other

80.76%

Sectors

PSQA

Industrials

16.83%

Other

83.17%

CLOA

Industrials

17.39%

Other

82.61%

Diversification

PSQA

Total weight of top 15 holdings out of 15

24.88%

CLOA

Total weight of top 15 holdings out of 15

13.75%

Top 15 holdings

Data as of July 31, 2026

PSQA

Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)

2.38%

US75884YAK47

2.26%

US12553DAS62

1.70%

US03768UAG40

1.70%

US64132TAU79

1.70%

US74971CAU71

1.70%

Magnetite CLO 2019-23A, FRN 25jan2035, USD (ABS, AR)

1.70%

Invesco US CLO 2023-1A, FRN 22apr2037, USD (ABS, AR2)

1.70%

US75884EAN22

1.70%

US675949AQ45

1.56%

US67402CBU99

1.42%

US03990HAA68

1.41%

AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)

1.41%

Octagon Investment Partners 2019-1A, FRN 22jan2035, USD (ABS, A1R)

1.30%

US381929AN88

1.26%

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%

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 PSQA and CLOA

How have the PSQA and CLOA ETFs performed in 2026?

As of September 2, 2026, PSQA is up 3.39% year-to-date (YTD), while CLOA has returned 3.23%. That puts PSQA better performer ahead so far this year.

Which ETF is attracting more investor money: PSQA or CLOA?

Year-to-date, the PSQA ETF saw +$136M in flows, compared to +$881M for CLOA.

Which ETF is more volatile: PSQA or CLOA?

Over the past year, PSQA had a volatility of 0.45%, while CLOA experienced 0.45%.

Which ETF is bigger: PSQA or CLOA?

As of September 2, 2026, PSQA holds $209.59 M in assets under management (AUM), while CLOA manages $2.26 B.

What sectors do the PSQA and CLOA ETFs invest in?

PSQA leans toward sectors like Industrials. Meanwhile, CLOA focuses on Industrials.

What are the top holdings of the PSQA ETF and CLOA ETF?

PSQA top holdings include Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A), US75884YAK47 and US12553DAS62. 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: PSQA or CLOA?

PSQA holds 125 securities with 24.88% of its assets in the top 15. CLOA has 414 securities and a top 15 weight of 13.75%.

Tony's ETF Buyers Guide: Collateralized Loan Obligation (CLO) ETFs

June 27, 2024

CLOA

PSQAvsCLOAETF Comparison

Palmer Square CLO Senior Debt ETF

iShares AAA CLO Active ETF

PSQA vs CLOA 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 PSQA and CLOA ETFs performed in 2026?

As of September 2, 2026, PSQA is up 3.39% year-to-date (YTD), while CLOA has returned 3.23%. That puts PSQA better performer ahead so far this year.

Which ETF is attracting more investor money: PSQA or CLOA?

Year-to-date, the PSQA ETF saw +$136M in flows, compared to +$881M for CLOA.

Which ETF is more volatile: PSQA or CLOA?

Over the past year, PSQA had a volatility of 0.45%, while CLOA experienced 0.45%.

Which ETF is bigger: PSQA or CLOA?

As of September 2, 2026, PSQA holds $209.59 M in assets under management (AUM), while CLOA manages $2.26 B.

What sectors do the PSQA and CLOA ETFs invest in?

PSQA leans toward sectors like Industrials. Meanwhile, CLOA focuses on Industrials.

What are the top holdings of the PSQA ETF and CLOA ETF?

PSQA top holdings include Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A), US75884YAK47 and US12553DAS62. 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: PSQA or CLOA?

PSQA holds 125 securities with 24.88% of its assets in the top 15. CLOA has 414 securities and a top 15 weight of 13.75%.

Tony's ETF Buyers Guide: Collateralized Loan Obligation (CLO) ETFs

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