CLOO vs QQQ
NYLI Investment Grade CLO ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CLOO offers more diversification with 121 holdings.
Side-by-Side Comparison
| Metric | CLOO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | - | $496.3B | |
| Dividend Yield | 0.99% | 0.44% | |
| Holdings | 121 | 108 | |
| YTD Return | +1.66% | +17.07% | |
| 1Y Return | - | +26.39% | |
| 3Y Return (annualized) | - | +26.08% | |
| 5Y Return (annualized) | - | +15.18% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -0.0% | -83.0% | |
| Fund Family | New York Life Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 6, 2026 | Mar 10, 1999 |
CLOO vs QQQ Performance
NYLI Investment Grade CLO ETF (CLOO) is a ETF from New York Life Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, CLOO is up 1.66% versus a gain of 17.07% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.0% for CLOO and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
CLOO charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, CLOO currently yields 0.99% against 0.44% for QQQ.
Holdings Overlap
CLOO and QQQ share 0 holdings out of 107 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CLOO or QQQ?
CLOO has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
What is the holdings overlap between CLOO and QQQ?
CLOO and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, CLOO or QQQ?
CLOO yields 0.99% while QQQ yields 0.44%, so CLOO currently pays the higher dividend yield.
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