SPYT vs NCLO
Comparison between DEFIANCE S&P 500 INCOME TARGET ETF (SPYT, ETF) and NUVEEN AA-BBB CLO ETF (NCLO, ETF).
SPYT vs NCLO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPYT
$152M
NCLO
$152M
Expense Ratio
SPYT
0.92%
Winner
NCLO
0.26%
Max Drawdown
SPYT
24.76%
Winner
NCLO
3.71%
Sharpe Ratio
Winner
SPYT
1.32
NCLO
0.59
5Y Beta
SPYT
0.90
Winner
NCLO
0.05
SPYT vs NCLO - Historical Returns
Returns include dividend reinvestment.
1M
SPYT
-0.09%
Winner
NCLO
+0.57%
3M
Winner
SPYT
+10.16%
NCLO
+1.61%
6M
Winner
SPYT
+8.31%
NCLO
+2.61%
1Y
Winner
SPYT
+19.96%
NCLO
+5.92%
Max(CAGR)
Winner
SPYT
+14.96%
NCLO
+5.75%
SPYT vs NCLO - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | SPYT | NCLO |
|---|---|---|
| 2026 | +7.63% | +2.14% |
| 2025 | +12.75% | +6.24% |
| 2024 | +12.97% | +0.35% |
SPYT vs NCLO Drawdown Comparison
The maximum drawdown for SPYT was -18.22%, occurring on Apr 8, 2025. Recovery took 92 trading sessions.
The maximum drawdown for NCLO was -3.05%, occurring on Mar 4, 2026. Recovery took 42 trading sessions.
The current SPYT drawdown is -2.31%. The current NCLO drawdown is -0.35%.
| Rank | SPYT | NCLO |
|---|---|---|
| #1 | -18.22% Feb 19, 2025 - Jul 2, 2025 | -3.05% Feb 3, 2026 - Apr 6, 2026 |
| #2 | -8.17% Jul 16, 2024 - Sep 19, 2024 | -1.43% Mar 31, 2025 - Apr 24, 2025 |
| #3 | -8.00% Feb 2, 2026 - Apr 14, 2026 | -0.64% Apr 25, 2025 - May 2, 2025 |
| #4 | -4.84% Oct 28, 2025 - Jan 6, 2026 | -0.56% May 19, 2025 - Jun 6, 2025 |
| #5 | -4.77% Mar 27, 2024 - May 14, 2024 | -0.52% May 28, 2026 - May 29, 2026 |
| #6 | -4.33% Jun 2, 2026 - Jun 10, 2026 | -0.48% May 1, 2026 - May 6, 2026 |
| #7 | -4.11% Dec 6, 2024 - Feb 18, 2025 | -0.47% May 2, 2025 - May 8, 2025 |
| #8 | -2.79% Oct 8, 2025 - Oct 24, 2025 | -0.37% Apr 6, 2026 - Apr 22, 2026 |
| #9 | -2.36% Jan 12, 2026 - Jan 27, 2026 | -0.36% Jun 6, 2025 - Jun 24, 2025 |
| #10 | -2.34% Oct 14, 2024 - Nov 6, 2024 | -0.35% Mar 7, 2025 - Mar 31, 2025 |
| #11 | -2.02% Jul 28, 2025 - Aug 8, 2025 | -0.28% Oct 8, 2025 - Oct 13, 2025 |
| #12 | -1.79% May 14, 2026 - May 26, 2026 | -0.26% Oct 13, 2025 - Oct 20, 2025 |
| #13 | -1.73% Nov 8, 2024 - Nov 26, 2024 | -0.25% Oct 20, 2025 - Oct 30, 2025 |
| #14 | -1.20% May 21, 2024 - Jun 5, 2024 | -0.25% May 8, 2025 - May 12, 2025 |
| #15 | -1.19% Aug 28, 2025 - Sep 10, 2025 | -0.24% Dec 11, 2025 - Dec 18, 2025 |
Correlation
Correlation between SPYT and NCLO is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2024 - 2026)
SPYT vs NCLO dividend yield comparison.
| Year | SPYT | NCLO |
|---|---|---|
| 2026 | 8.29% | 2.18% |
| 2025 | 21.40% | 6.09% |
| 2024 | 17.37% | 0.35% |
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