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FCLO vs ICLO

Fidelity CLO ETF vs Invesco AAA CLO Floating Rate Note ETF

FCLO

Fidelity CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$25M

ICLO

Invesco AAA CLO Floating Rate Note ETF

Invesco

Annual cost

0.19%

Fund size

$448M

Key differences

  • FCLO costs 0.19% less per year.
  • ICLO is significantly larger than FCLO — larger funds tend to be more liquid and less likely to close.
  • FCLO follows a multi strategy strategy; ICLO uses active selection.

Side-by-side comparison

FCLOICLO
Annual cost (TER)0.00%0.19%
Fund size (AUM)$25M$448M
Since20262022
Dividend yield5.26%
Asset classfixed incomefixed income
Region
Strategymulti strategyactive selection
CAGR 1YN/A+5.3%
CAGR 3YN/A+6.7%
CAGR 5YN/AN/A
Sharpe 3YN/A1.19
Volatility 1Y1.38%
Max drawdown-0.58%-3.46%

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

Similar to FCLO and ICLO