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PSQAvsCLOAETF Comparison

ETF 1
PSQA

Palmer Square CLO Senior Debt ETF

This fund is part of
US Corporate IG Bonds
+0.03%
VS
ETF 2
CLOA

iShares AAA CLO Active ETF

This fund is part of
US Corporate IG Bonds
+0.03%

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. Both ETFs have the same top 2 sector exposures: 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 3.99% year-to-date (YTD) with +$163M in YTD flows. CLOA performs worse with 3.73% YTD performance, and +$1.39B 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

0.00.10.20.30.4%Sep 16Sep 23Sep 30Oct 7Oct 14

Cumulative Flows

0 M100 M200 M300 M400 M500 MSep 16Sep 23Sep 30Oct 7Oct 14

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Historic performance and flows
Data as of 10/16/2026
1M3MYTD1Y3Y5Y
Perf.
PSQA
CLOA
+0.38%+0.29%
+1.28%+1.20%
+3.99%+3.73%
+5.09%+4.94%
n/a+19.91%
n/an/a
Flows
PSQA
CLOA
+$25M+$492M
+$88M+$627M
+$163M+$1.39B
+$186M+$1.38B
-+$2.72B
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
PSQA
CLOA
+0.20%+0.26%
+0.43%+0.44%
n/a+0.59%
n/an/a
Max drawdown
PSQA
CLOA
n/a-0.07%
-0.24%-0.07%
n/a-0.75%
n/an/a
Max drawdown duration
PSQA
CLOA
n/a4d
20d4d
n/a21d
n/an/a
Trading data

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PSQA
CLOA
Last sale
10/19/2026 at 1:30 PM
$20.62
$51.87
Previous close
10/16/2026
$20.62
$51.85
Consolidated volume
10/16/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of September 30, 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
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PSQA
CLOA
Last price
$20.62
$51.87
1D performance
-0.00%
+0.03%
AuM$235.42 M$2.77 B
E/R0.21%0.2%
Characteristics
PSQA
CLOA
Management strategyPassiveActive
ProviderPalmer SquareiShares
BenchmarkPalmer Square CLO Senior Debt Index-
N° of holdings2060
Asset class--
Trailing 12m distribution yield
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Inception dateSeptember 11, 2024January 10, 2023
ESGNoNo
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Exposure

Countries

PSQA
USA
14.84%
Other
85.16%
CLOA
USA
17.11%
Other
82.89%

Sectors

PSQA
Industrials
14.55%
Other
85.45%
CLOA
Industrials
16.17%
Other
83.83%

Diversification

PSQA

Total weight of top 15 holdings out of 15

21.9%
CLOA

Total weight of top 15 holdings out of 15

12.89%

Top 15 holdings

Data as of August 31, 2026
PSQA
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
2.00%
US75884YAK47
1.91%
US12549QBL86
1.64%
US64132TAU79
1.43%
US74971CAU71
1.43%
US12553DAS62
1.43%
US03768UAG40
1.43%
Magnetite CLO 2019-23A, FRN 25jan2035, USD (ABS, AR)
1.43%
US03990HAA68
1.43%
US75884EAN22
1.43%
Invesco US CLO 2023-1A, FRN 22apr2037, USD (ABS, AR2)
1.43%
US675949AQ45
1.31%
US67097LAV80
1.20%
US67402CBU99
1.19%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.19%
CLOA
BlackRock Cash Funds - Treasury
0.93%
US48257WAA62
0.89%
AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)
0.89%
US67126BAA17
0.89%
US87268VAA35
0.89%
US29003NAJ46
0.89%
US04018XAN93
0.89%
Bain Capital Credit CLO 2024-1A, FRN 18apr2039, USD (ABS, A1R)
0.89%
US83011VAL80
0.89%
US488934AA89
0.88%
US64754YAA73
0.84%
US143111AY87
0.82%
SONA US CLO 2026-2A, FRN 22jul2039, USD (ABS, A1)
0.80%
US64134JAL70
0.77%
US149791BG90
0.72%
Frequently asked questions about PSQA and CLOA

How have the PSQA and CLOA ETFs performed in 2026?

As of October 16, 2026, PSQA is up 3.99% year-to-date (YTD), while CLOA has returned 3.73%. 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 +$163M in flows, compared to +$1.39B for CLOA.

Which ETF is more volatile: PSQA or CLOA?

Over the past year, PSQA had a volatility of 0.43%, while CLOA experienced 0.44%.

Which ETF is bigger: PSQA or CLOA?

As of October 16, 2026, PSQA holds $235.42 M in assets under management (AUM), while CLOA manages $2.77 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 US12549QBL86. 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 146 securities with 21.9% of its assets in the top 15. CLOA has 426 securities and a top 15 weight of 12.89%.

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Latest news about PSQA & CLOA
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