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NCLO vs ICLO

Nuveen Aa-bbb Clo Etf vs Invesco AAA CLO Floating Rate Note ETF

NCLO

Nuveen AA-BBB CLO ETF

Nuveen

Annual cost

0.26%

Fund size

$148M

ICLO

Invesco AAA CLO Floating Rate Note ETF

Invesco

Annual cost

0.19%

Fund size

$448M

Key differences

  • ICLO costs 0.07% less per year.
  • ICLO is significantly larger than NCLO — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

NCLOICLO
Annual cost (TER)0.26%0.19%
Fund size (AUM)$148M$448M
Since20242022
Dividend yield5.86%5.26%
Asset classfixed incomefixed income
Region
Strategyactive selectionactive selection
CAGR 1Y+6.0%+5.3%
CAGR 3YN/A+6.7%
CAGR 5YN/AN/A
Sharpe 3YN/A1.19
Volatility 1Y3.57%1.38%
Max drawdown-3.06%-3.46%

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

Similar to NCLO and ICLO