ACLO vs IVV
ACLO vs IVV
TCW AAA CLO ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ACLO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $335M | $865.2B | |
| Dividend Yield | 4.89% | 1.09% | |
| Holdings | 229 | 508 | |
| YTD Return | +2.92% | +9.93% | |
| 1Y Return | +5.15% | +19.59% | |
| 3Y Return (annualized) | - | +19.41% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 0.7% | 15.1% | |
| Max Drawdown | -1.0% | -56.5% | |
| Fund Family | TCW ETFs | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 15, 2024 | May 15, 2000 |
ACLO vs IVV Performance
TCW AAA CLO ETF (ACLO) is a ETF from TCW ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ACLO returned +5.15% while IVV returned +19.59%. Year to date, ACLO is up 2.92% versus a gain of 9.93% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.7% for ACLO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.0% for ACLO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ACLO charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, ACLO currently yields 4.89% against 1.09% for IVV.
Holdings Overlap
ACLO and IVV share 0 holdings out of 562 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACLO or IVV?
ACLO has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, ACLO or IVV?
Over the past year ACLO returned +5.15% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), ACLO annualized +5.42% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, ACLO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 0.7% for ACLO. Worst drawdown: ACLO -1.0% vs IVV -56.5%.
Should I hold both ACLO and IVV?
ACLO and IVV have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACLO and IVV?
ACLO and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, ACLO or IVV?
ACLO yields 4.89% while IVV yields 1.09%, so ACLO currently pays the higher dividend yield.
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