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CLOA vs FAAA

iShares AAA CLO Active ETF vs Fidelity AAA CLO ETF

CLOA

iShares AAA CLO Active ETF

iShares

Annual cost

0.20%

Fund size

$2.1B

FAAA

Fidelity AAA CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$29M

Key differences

  • FAAA costs 0.20% less per year.
  • CLOA is significantly larger than FAAA — larger funds tend to be more liquid and less likely to close.
  • CLOA follows a active selection strategy; FAAA uses index tracking.

Side-by-side comparison

CLOAFAAA
Annual cost (TER)0.20%0.00%
Fund size (AUM)$2.1B$29M
Since20232026
Dividend yield5.09%
Asset classfixed incomefixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+5.6%N/A
CAGR 3Y+6.8%N/A
CAGR 5YN/AN/A
Sharpe 3Y2.57N/A
Volatility 1Y0.72%
Max drawdown-1.34%-0.56%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CLOA and FAAA