AOHY vs. CLOZ
Compare and contrast key facts about Angel Oak High Yield Opportunities ETF (AOHY) and Panagram Bbb-B Clo ETF (CLOZ).
AOHY and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOHY is an actively managed fund by Angel Oak. It was launched on Mar 31, 2009. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOHY or CLOZ.
Correlation
The correlation between AOHY and CLOZ is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AOHY vs. CLOZ - Performance Comparison
Key characteristics
AOHY:
1.20
CLOZ:
1.15
AOHY:
1.70
CLOZ:
1.44
AOHY:
1.26
CLOZ:
1.44
AOHY:
1.20
CLOZ:
0.92
AOHY:
7.63
CLOZ:
5.62
AOHY:
0.66%
CLOZ:
0.88%
AOHY:
4.17%
CLOZ:
4.27%
AOHY:
-4.17%
CLOZ:
-5.33%
AOHY:
-3.27%
CLOZ:
-4.25%
Returns By Period
In the year-to-date period, AOHY achieves a -1.25% return, which is significantly higher than CLOZ's -2.83% return.
AOHY
-1.25%
-2.39%
-1.05%
5.47%
N/A
N/A
CLOZ
-2.83%
-3.31%
0.37%
4.76%
N/A
N/A
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AOHY vs. CLOZ - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is higher than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
AOHY vs. CLOZ — Risk-Adjusted Performance Rank
AOHY
CLOZ
AOHY vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and Panagram Bbb-B Clo ETF (CLOZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AOHY vs. CLOZ - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 6.76%, less than CLOZ's 8.97% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 6.76% | 6.05% | 0.00% |
CLOZ Panagram Bbb-B Clo ETF | 8.97% | 9.09% | 8.81% |
Drawdowns
AOHY vs. CLOZ - Drawdown Comparison
The maximum AOHY drawdown since its inception was -4.17%, smaller than the maximum CLOZ drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for AOHY and CLOZ. For additional features, visit the drawdowns tool.
Volatility
AOHY vs. CLOZ - Volatility Comparison
The current volatility for Angel Oak High Yield Opportunities ETF (AOHY) is 2.88%, while Panagram Bbb-B Clo ETF (CLOZ) has a volatility of 3.91%. This indicates that AOHY experiences smaller price fluctuations and is considered to be less risky than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.