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ICLO vs LQDB

Invesco AAA CLO Floating Rate Note ETF vs iShares BBB Rated Corporate Bond ETF

ICLO

Invesco AAA CLO Floating Rate Note ETF

Annual cost

0.19%

Fund size

$448M

LQDB

iShares BBB Rated Corporate Bond ETF

Annual cost

0.15%

Fund size

$52M

Key differences

  • ICLO is significantly larger than LQDB — larger funds tend to be more liquid and less likely to close.
  • ICLO follows a active selection strategy; LQDB uses index tracking.

Side-by-side comparison

ICLOLQDB
Annual cost (TER)0.19%0.15%
Fund size (AUM)$448M$52M
Since20222021
Dividend yield5.26%4.63%
Asset classfixed incomefixed income
Regionglobal
Strategyactive selectionindex tracking
CAGR 1Y+5.7%+6.9%
CAGR 3Y+6.8%+5.8%
CAGR 5YN/AN/A
Sharpe 3Y1.220.41
Volatility 1Y1.39%4.15%
Max drawdown-3.46%-21.63%

Similar to ICLO and LQDB