CLOA vs VOO
CLOA vs VOO
iShares AAA CLO Active ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CLOA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $2.2B | $979.0B | |
| Dividend Yield | 4.95% | 1.09% | |
| Holdings | 433 | 509 | |
| YTD Return | +2.75% | +9.95% | |
| 1Y Return | +5.19% | +19.58% | |
| 3Y Return (annualized) | +7.75% | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 1.2% | 14.2% | |
| Max Drawdown | -1.3% | -34.3% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 10, 2023 | Sep 7, 2010 |
CLOA vs VOO Performance
iShares AAA CLO Active ETF (CLOA) is a ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CLOA returned +5.19% while VOO returned +19.58%. Year to date, CLOA is up 2.75% versus a gain of 9.95% for VOO.
Over three years, CLOA compounded at +7.75% per year against +19.43% for VOO. Across the full 4-year window we track, VOO has the edge at +13.35% annualized vs +7.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 1.2% for CLOA. 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 -1.3% for CLOA and -34.3% for VOO. 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOA charges 0.20% per year while VOO 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, CLOA currently yields 4.95% against 1.09% for VOO.
Holdings Overlap
CLOA and VOO share 0 holdings out of 545 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, CLOA or VOO?
CLOA has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, CLOA or VOO?
Over the past year CLOA returned +5.19% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), CLOA annualized +7.93% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, CLOA or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 1.2% for CLOA. Worst drawdown: CLOA -1.3% vs VOO -34.3%.
Should I hold both CLOA and VOO?
CLOA and VOO have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOA and VOO?
CLOA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, CLOA or VOO?
CLOA yields 4.95% while VOO yields 1.09%, so CLOA currently pays the higher dividend yield.
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