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ETFs

BlackRock ETF Trust II BlackRock AAA CLO ETF

CLOA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 10, 2023
Expense Ratio
0.20%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$551,815
AUM
$51,078,160
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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5.51%
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PLMRS_21-4 A 144A
3.00%
XTSLA
BLK CSH FND TREASURY SL AGENCY
3.00%
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APID_21-37A A 144A
2.96%
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ELM10_21-3A A 144A
2.96%
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SYMP_21-28 A 144A
2.95%
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PIPK_20-6A AR 144A
2.93%
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NEUB_19-35A A1 144A
2.48%
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MDPK_16-22A A1R 144A
2.47%
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NEUB_19-33A AR 144A
2.47%
Invest with CLOA

What is CLOA?

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in U.S. dollar-denominated CLOs that are, at the time of purchase, rated AAA (or equivalent) by at least one of the major rating agencies or, if unrated, determined by the Fund management team to be of similar quality. The Fund's 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days' prior written notice to shareholders. The Fund may invest in CLOs of any maturity. The Fund may purchase CLOs in both the primary market (i.e., directly from arranging banks) and in the secondary market.

ETFs related toCLOA

ETFs correlated to CLOA include CVRD, GAUG, XAUG

CLOA
BlackRock ETF Trust II - BlackRock AAA CLO ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
FLRT
Pacer Funds Trust - Pacer Pacific Asset Floating Rate High Income ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
CLOI
VanEck ETF Trust - VanEck CLO ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
BITX
Volatility Shares Trust - 2x Bitcoin Strategy ETF
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF
JPLD
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Limited Duration Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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FAQ

CLOA is a US Bonds ETF. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in U.S. dollar-denominated CLOs that are, at the time of purchase, rated AAA (or equivalent) by at least one of the major rating agencies or, if unrated, determined by the Fund management team to be of similar quality. The Fund's 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days' prior written notice to shareholders. The Fund may invest in CLOs of any maturity. The Fund may purchase CLOs in both the primary market (i.e., directly from arranging banks) and in the secondary market.

Yes, CLOA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CLOA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CLOA is 0.0057%. This is the percent change in the value of CLOA over the most recent 1-month period. The 3-month return on CLOA is 0.0245%. This is the percent change in the value of CLOA over the most recent 3-month period.

ETFs similar to CLOA include CMBS, PAAA, and JBBB.

ETFs correlated to CLOA include CVRD, GAUG, and XAUG.

ETFs that are inversely correlated to CLOA include FBL, AMZU, and FNGO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.