Panagram AAA CLO ETF (CLOX)
CLOX is an actively managed ETF by Panagram. CLOX launched on Jul 18, 2023 and has a 0.20% expense ratio.
ETF Info
| Issuer | Panagram |
|---|---|
| Inception Date | Jul 18, 2023 |
| Category | Ultrashort Bond |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
CLOX has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CLOX vs. CLOZ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Panagram AAA CLO ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Panagram AAA CLO ETF had a return of 5.29% year-to-date (YTD) and 7.80% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.29% | 17.79% |
| 1 month | 0.53% | 0.18% |
| 6 months | 3.48% | 7.53% |
| 1 year | 7.80% | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of CLOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.89% | 0.46% | 0.50% | 0.73% | 0.91% | 0.22% | 0.59% | 0.50% | 5.29% | ||||
| 2023 | 0.88% | 0.31% | 0.88% | 0.28% | 0.80% | 0.73% | 3.93% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CLOX is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Panagram AAA CLO ETF (CLOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Panagram AAA CLO ETF granted a 6.13% dividend yield in the last twelve months. The annual payout for that period amounted to $1.56 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.56 | $0.73 |
Dividend yield | 6.13% | 2.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Panagram AAA CLO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.13 | $0.12 | $0.15 | $0.15 | $0.14 | $0.14 | $0.13 | $0.14 | $1.09 | |||
| 2023 | $0.10 | $0.16 | $0.11 | $0.13 | $0.24 | $0.73 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Panagram AAA CLO ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Panagram AAA CLO ETF was 0.49%, occurring on Aug 9, 2024. Recovery took 4 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.49% | Aug 2, 2024 | 6 | Aug 9, 2024 | 4 | Aug 15, 2024 | 10 |
| -0.39% | Apr 9, 2024 | 2 | Apr 10, 2024 | 4 | Apr 16, 2024 | 6 |
| -0.32% | Oct 12, 2023 | 1 | Oct 12, 2023 | 6 | Oct 20, 2023 | 7 |
| -0.27% | Jun 3, 2024 | 1 | Jun 3, 2024 | 3 | Jun 6, 2024 | 4 |
| -0.25% | Sep 9, 2024 | 5 | Sep 13, 2024 | 3 | Sep 18, 2024 | 8 |
Volatility
Volatility Chart
The current Panagram AAA CLO ETF volatility is 0.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.