SPBO vs CLOA
Comparison between STATE STREET(R) SPDR PORTFOLIO CORPORATE BOND ETF (SPBO, ETF) and BlackRock AAA CLO ETF (CLOA, ETF).
SPBO vs CLOA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPBO
$2B
Winner
CLOA
$2.10B
Expense Ratio
Winner
SPBO
0.03%
CLOA
0.20%
Max Drawdown
SPBO
26.39%
Winner
CLOA
2.02%
Sharpe Ratio
SPBO
0.37
Winner
CLOA
2.26
5Y Beta
SPBO
0.11
Winner
CLOA
0.04
5Y Dividends CAGR
SPBO
10.13%
CLOA
N/A
SPBO vs CLOA - Historical Returns
Returns include dividend reinvestment.
1M
SPBO
+0.01%
Winner
CLOA
+0.40%
3M
SPBO
-0.59%
Winner
CLOA
+1.54%
6M
SPBO
+0.36%
Winner
CLOA
+2.55%
1Y
Winner
SPBO
+5.51%
CLOA
+5.38%
5Y(CAGR)
SPBO
+0.58%
CLOA
N/A
10Y(CAGR)
SPBO
+2.75%
CLOA
N/A
Max(CAGR)
SPBO
+3.41%
Winner
CLOA
+6.82%
SPBO vs CLOA - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | SPBO | CLOA |
|---|---|---|
| 2026 | +0.35% | +2.03% |
| 2025 | +7.86% | +5.44% |
| 2024 | +3.11% | +7.23% |
| 2023 | +8.19% | +8.37% |
| 2022 | -14.96% | N/A |
| 2021 | -1.18% | N/A |
| 2020 | +9.91% | N/A |
| 2019 | +14.16% | N/A |
| 2018 | -1.58% | N/A |
| 2017 | +4.77% | N/A |
| 2016 | +4.43% | N/A |
| 2015 | -1.60% | N/A |
| 2014 | +8.40% | N/A |
| 2013 | -2.29% | N/A |
| 2012 | +7.92% | N/A |
| 2011 | +5.89% | N/A |
SPBO vs CLOA Drawdown Comparison
The maximum drawdown for SPBO was -22.23%, occurring on Oct 20, 2022. Recovery took 1027 trading sessions.
The maximum drawdown for CLOA was -1.34%, occurring on Mar 22, 2023. Recovery took 38 trading sessions.
The current SPBO drawdown is -1.28%.
| Rank | SPBO | CLOA |
|---|---|---|
| #1 | -22.23% Sep 22, 2021 - Oct 24, 2025 | -1.34% Feb 22, 2023 - Apr 18, 2023 |
| #2 | -20.04% Mar 6, 2020 - Jun 15, 2020 | -1.13% Mar 4, 2025 - Apr 28, 2025 |
| #3 | -9.01% May 1, 2013 - May 2, 2014 | -0.33% Feb 20, 2025 - Feb 27, 2025 |
| #4 | -5.59% Dec 31, 2020 - Jul 19, 2021 | -0.29% Aug 2, 2024 - Aug 13, 2024 |
| #5 | -5.09% Apr 24, 2015 - May 4, 2016 | -0.24% Feb 1, 2023 - Feb 3, 2023 |
| #6 | -4.45% Aug 23, 2016 - May 19, 2017 | -0.20% Oct 9, 2023 - Oct 20, 2023 |
| #7 | -4.17% Sep 8, 2017 - Jan 31, 2019 | -0.18% Jun 2, 2023 - Jun 6, 2023 |
| #8 | -3.44% Nov 1, 2011 - Jan 31, 2012 | -0.18% Feb 24, 2026 - Mar 11, 2026 |
| #9 | -3.13% Oct 21, 2014 - Jan 6, 2015 | -0.18% Nov 27, 2023 - Nov 29, 2023 |
| #10 | -2.86% Feb 26, 2026 - Mar 27, 2026 | -0.16% Feb 17, 2023 - Feb 22, 2023 |
| #11 | -2.76% Jan 30, 2015 - Apr 24, 2015 | -0.16% May 9, 2023 - May 23, 2023 |
| #12 | -2.75% Aug 6, 2020 - Nov 23, 2020 | -0.13% Nov 13, 2024 - Nov 19, 2024 |
| #13 | -2.62% Aug 28, 2014 - Oct 15, 2014 | -0.13% Sep 10, 2025 - Sep 19, 2025 |
| #14 | -2.50% Aug 28, 2019 - Nov 26, 2019 | -0.13% Dec 11, 2023 - Dec 15, 2023 |
| #15 | -2.18% Feb 1, 2012 - Apr 20, 2012 | -0.12% Oct 8, 2025 - Oct 24, 2025 |
Correlation
Correlation between SPBO and CLOA is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2011 - 2026)
SPBO vs CLOA dividend yield comparison.
| Year | SPBO | CLOA |
|---|---|---|
| 2026 | 2.13% | 1.90% |
| 2025 | 5.09% | 5.35% |
| 2024 | 5.28% | 6.01% |
| 2023 | 4.73% | 5.88% |
| 2022 | 3.54% | 0.00% |
| 2021 | 2.42% | 0.00% |
| 2020 | 2.75% | 0.00% |
| 2019 | 3.46% | 0.00% |
| 2018 | 3.60% | 0.00% |
| 2017 | 3.15% | 0.00% |
| 2016 | 3.35% | 0.00% |
| 2015 | 3.07% | 0.00% |
| 2014 | 3.21% | 0.00% |
| 2013 | 3.76% | 0.00% |
| 2012 | 3.70% | 0.00% |
| 2011 | 2.53% | 0.00% |
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