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ICLO vs FAAA

Invesco AAA CLO Floating Rate Note ETF vs Fidelity AAA CLO ETF

ICLO

Invesco AAA CLO Floating Rate Note ETF

Invesco

Annual cost

0.19%

Fund size

$448M

FAAA

Fidelity AAA CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$29M

Key differences

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

Side-by-side comparison

ICLOFAAA
Annual cost (TER)0.19%0.00%
Fund size (AUM)$448M$29M
Since20222026
Dividend yield5.26%
Asset classfixed incomefixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+5.3%N/A
CAGR 3Y+6.7%N/A
CAGR 5YN/AN/A
Sharpe 3Y1.19N/A
Volatility 1Y1.38%
Max drawdown-3.46%-0.56%

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

Similar to ICLO and FAAA