CAAA vs CLOA
First Trust AAA CMBS ETF compared with iShares AAA CLO Active ETF on yield, payout growth, payment schedule, cost and risk.
CAAA
First Trust AAA CMBS ETF
TTM yield · Monthly
CLOA
iShares AAA CLO Active ETF
TTM yield · Monthly
Quick take
- CAAA yields more today: 4.83% vs 4.78% (forward).
- Both pay every month.
- Over the last year CLOA delivered the higher total return: +4.6% vs +0.9% (price change plus payouts).
- CLOA is cheaper to own: 0.20% vs 0.30% expense ratio.
- CLOA has the steadier distribution: consistency 93/100 vs 76/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CAAA | CLOA |
|---|---|---|
| Share price | $19.74 | $51.87 |
| TTM yield | 4.83% | 4.78% |
| Forward yield | 4.83% | 4.78% |
| Annual payout per share | $0.953 | $2.48 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 20, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.30% | 0.20% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 76/100 | 93/100 |
| 1-year total return | +0.9% | +4.6% |
| 1-year price return | -3.8% | -0.2% |
| Size (market cap / AUM) | 34.5M | 2.3B |
| Years paying | 2.5 | 3.6 |
| Sector / category | Securitized Bond - Focused | Securitized Bond - Focused |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| CAAA | CLOA | |
|---|---|---|
| Shares | 506.7 | 192.8 |
| Income per year | $483 | $478 |
| Income per month (avg) | $40 | $40 |
At forward yields, before taxes. Model CAAA · Model CLOA
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| CAAA Nov 20, 2026 | Dec 4, 2026 | $0.0794 | Est. |
| CAAA Dec 20, 2026 | Jan 3, 2027 | $0.0794 | Est. |
| CAAA Jan 19, 2027 | Feb 2, 2027 | $0.0794 | Est. |
| CLOA Oct 31, 2026 | Nov 3, 2026 | $0.2067 | Est. |
| CLOA Nov 30, 2026 | Dec 3, 2026 | $0.2067 | Est. |
| CLOA Dec 30, 2026 | Jan 2, 2027 | $0.2067 | Est. |
Annual payouts per share
CAAACLOA
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, CAAA or CLOA?
CAAA currently has the higher trailing yield: CAAA yields 4.83% and CLOA yields 4.78%. Yield changes daily with price, so check the live figures above.
How often do CAAA and CLOA pay?
CAAA pays every month and CLOA pays every month. CAAA's next ex-date is Nov 20, 2026 and CLOA's is Oct 31, 2026.
Is CAAA or CLOA better for income?
It depends on what you are optimising for. CAAA and CLOA differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.