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FAAA vs CLOA

Fidelity AAA CLO ETF vs iShares AAA CLO Active ETF

FAAA

Fidelity AAA CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$29M

CLOA

iShares AAA CLO Active ETF

iShares

Annual cost

0.20%

Fund size

$2.1B

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.
  • FAAA follows a index tracking strategy; CLOA uses active selection.

Side-by-side comparison

FAAACLOA
Annual cost (TER)0.00%0.20%
Fund size (AUM)$29M$2.1B
Since20262023
Dividend yield5.09%
Asset classfixed incomefixed income
Regionnorth america
Strategyindex trackingactive selection
CAGR 1YN/A+5.6%
CAGR 3YN/A+6.8%
CAGR 5YN/AN/A
Sharpe 3YN/A2.57
Volatility 1Y0.72%
Max drawdown-0.56%-1.34%

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

Similar to FAAA and CLOA