As an asset class, Collateralized Loan Obligations (CLO's) are part of the structured credit fixed-income market - rewarding investors as companies pay off their debt and contributing to portfolio diversification
CLO's have benefited from historically low default rate across the ratings spectrum, comparing favorably to corporate debt
In the category, investment grade ETFs (AAA and BBB) will be differentiated by their exposure from actively managed pools of non-investment grade, senior-secured corporate loans
Performance and volatility rankings reflect the perceived riskiness of the CLO's underlying pool of loans
For a closer look,
Momentum signals trends of the last 5 days against a 20-day average
For comparison, select various time frames in the top right menu box, from 2 weeks to a full year (performance of some very recently listed ETFs may not be significant for lack of price data)