ICLO vs DWX
Comparison between Invesco AAA CLO Floating Rate Note ETF (ICLO, ETF) and STATE STREET(R) SPDR(R) S&P(R) INTERNATIONAL DIVIDEND ETF (DWX, ETF).
ICLO vs DWX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ICLO
$504M
Winner
DWX
$504M
Expense Ratio
Winner
ICLO
0.19%
DWX
0.45%
Max Drawdown
Winner
ICLO
4.36%
DWX
69.26%
Sharpe Ratio
ICLO
0.91
Winner
DWX
1.04
5Y Beta
Winner
ICLO
0.06
DWX
0.29
5Y Dividends CAGR
ICLO
N/A
DWX
7.54%
ICLO vs DWX - Historical Returns
Returns include dividend reinvestment.
1M
ICLO
+0.40%
Winner
DWX
+2.71%
3M
ICLO
+1.35%
Winner
DWX
+3.00%
6M
ICLO
+2.37%
Winner
DWX
+6.43%
1Y
ICLO
+5.00%
Winner
DWX
+15.48%
5Y(CAGR)
ICLO
N/A
DWX
+7.91%
10Y(CAGR)
ICLO
N/A
DWX
+7.34%
Max(CAGR)
Winner
ICLO
+6.73%
DWX
+2.67%
ICLO vs DWX - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | ICLO | DWX |
|---|---|---|
| 2026 | +2.73% | +8.36% |
| 2025 | +5.23% | +32.02% |
| 2024 | +6.97% | +3.23% |
| 2023 | +8.81% | +13.88% |
| 2022 | +0.38% | -13.45% |
| 2021 | N/A | +10.20% |
| 2020 | N/A | -5.34% |
| 2019 | N/A | +20.56% |
| 2018 | N/A | -11.46% |
| 2017 | N/A | +18.47% |
| 2016 | N/A | +15.56% |
| 2015 | N/A | -16.26% |
| 2014 | N/A | -4.75% |
| 2013 | N/A | +4.69% |
| 2012 | N/A | +7.58% |
| 2011 | N/A | -11.58% |
| 2010 | N/A | +4.49% |
| 2009 | N/A | +56.82% |
| 2008 | N/A | -48.27% |
ICLO vs DWX Drawdown Comparison
The maximum drawdown for ICLO was -3.47%, occurring on Apr 4, 2025. Recovery took 37 trading sessions.
The maximum drawdown for DWX was -66.88%, occurring on Mar 9, 2009. Recovery took 2923 trading sessions.
The current DWX drawdown is -1.95%.
| Rank | ICLO | DWX |
|---|---|---|
| #1 | -3.47% Mar 3, 2025 - Apr 24, 2025 | -66.88% May 16, 2008 - Dec 26, 2019 |
| #2 | -0.83% Feb 23, 2023 - Apr 12, 2023 | -36.04% Feb 19, 2020 - Apr 15, 2021 |
| #3 | -0.62% Aug 1, 2024 - Aug 16, 2024 | -26.96% Aug 16, 2021 - Jul 12, 2024 |
| #4 | -0.35% Jul 29, 2025 - Aug 7, 2025 | -10.65% Sep 27, 2024 - Mar 25, 2025 |
| #5 | -0.35% Aug 19, 2024 - Sep 4, 2024 | -10.40% Feb 27, 2008 - May 16, 2008 |
| #6 | -0.31% Aug 18, 2025 - Aug 27, 2025 | -8.59% Feb 27, 2026 - Mar 20, 2026 |
| #7 | -0.29% Feb 27, 2026 - Mar 23, 2026 | -6.68% Apr 3, 2025 - Apr 14, 2025 |
| #8 | -0.27% Jun 25, 2025 - Jul 1, 2025 | -3.80% May 6, 2025 - May 23, 2025 |
| #9 | -0.27% Jun 11, 2026 - Jun 29, 2026 | -3.74% Jun 15, 2021 - Aug 13, 2021 |
| #10 | -0.23% Oct 13, 2023 - Nov 2, 2023 | -2.98% Jul 1, 2025 - Aug 12, 2025 |
| #11 | -0.21% Apr 9, 2024 - Apr 12, 2024 | -2.93% Sep 16, 2025 - Oct 23, 2025 |
| #12 | -0.21% Jul 16, 2025 - Jul 22, 2025 | -2.85% Jul 31, 2024 - Aug 13, 2024 |
| #13 | -0.20% Apr 25, 2025 - May 2, 2025 | -2.84% Nov 12, 2025 - Nov 26, 2025 |
| #14 | -0.19% Oct 3, 2023 - Oct 13, 2023 | -2.54% Oct 24, 2025 - Nov 11, 2025 |
| #15 | -0.19% Dec 19, 2025 - Dec 29, 2025 | -2.36% May 7, 2021 - May 24, 2021 |
Correlation
Correlation between ICLO and DWX is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2008 - 2026)
ICLO vs DWX dividend yield comparison.
| Year | ICLO | DWX |
|---|---|---|
| 2026 | 2.71% | 1.89% |
| 2025 | 5.49% | 4.44% |
| 2024 | 6.51% | 4.31% |
| 2023 | 7.01% | 4.12% |
| 2022 | 0.00% | 4.68% |
| 2021 | 0.00% | 3.89% |
| 2020 | 0.00% | 3.84% |
| 2019 | 0.00% | 4.40% |
| 2018 | 0.00% | 5.06% |
| 2017 | 0.00% | 3.85% |
| 2016 | 0.00% | 5.25% |
| 2015 | 0.00% | 5.81% |
| 2014 | 0.00% | 6.02% |
| 2013 | 0.00% | 6.85% |
| 2012 | 0.00% | 6.19% |
| 2011 | 0.00% | 7.08% |
| 2010 | 0.00% | 4.21% |
| 2009 | 0.00% | 3.48% |
| 2008 | 0.00% | 13.27% |
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