PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Panagram AAA CLO ETF (CLOX) Sharpe Ratio: 1.04

CLOX's Sharpe Ratio of 1.04 indicates that for each unit of volatility, it generates 1.04 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

CLOX Sharpe Ratio Rank

CLOX Sharpe Ratio Rank: 60.460
Above Average

CLOX ranks above 60.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

CLOX Sharpe Ratio Market Positioning

The chart shows CLOX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.47 or lower
  • Yellow zone (middle 50%): 0.47 to 1.40
  • Green zone (top 25%): 1.40 or higher
  • Top 1%: 5.78+
  • Median: 0.94 — half of all investments score higher

How it compares to other similar ETFs

The table compares Panagram AAA CLO ETF's Sharpe Ratio with other ETFs in the CLO category across multiple time periods, showing how CLOX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ACLOTCW AAA CLO ETF4.59
PCLOVirtus SEIX AAA Private Credit CLO ETF4.09
PAAAPGIM AAA CLO ETF4.03
CLOABlackRock AAA CLO ETF3.34
JAAAJanus Henderson AAA CLO ETF2.80
AAAAAF First Priority CLO Bond ETF1.59
ICLOInvesco Aaa CLO Floating Rate Note ETF1.37
NCLONuveen AA-BBB CLO ETF1.31
CLOIVanEck CLO ETF1.30
BCLOiShares BBB-B CLO Active ETF1.15
CLOXPanagram AAA CLO ETF1.04

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows CLOX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when CLOX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading graphics...

Explore CLOX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

CLOX Sortino Ratio