BBBIX vs. CLOA
Compare and contrast key facts about BBH Limited Duration Fund (BBBIX) and BlackRock AAA CLO ETF (CLOA).
BBBIX is managed by BBH. It was launched on Jul 20, 2000. CLOA is an actively managed fund by Blackrock. It was launched on Jan 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBIX or CLOA.
Key characteristics
| BBBIX | CLOA | |
|---|---|---|
| YTD Return | 5.39% | 6.32% |
| 1Y Return | 7.61% | 7.90% |
| Sharpe Ratio | 4.55 | 9.65 |
| Sortino Ratio | 11.99 | 17.25 |
| Omega Ratio | 3.14 | 5.11 |
| Calmar Ratio | 19.62 | 27.42 |
| Martin Ratio | 59.88 | 237.92 |
| Ulcer Index | 0.13% | 0.03% |
| Daily Std Dev | 1.65% | 0.82% |
| Max Drawdown | -6.60% | -1.34% |
| Current Drawdown | -0.29% | 0.00% |
Correlation
The correlation between BBBIX and CLOA is 0.06, 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
BBBIX vs. CLOA - Performance Comparison
In the year-to-date period, BBBIX achieves a 5.39% return, which is significantly lower than CLOA's 6.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBBIX vs. CLOA - Expense Ratio Comparison
BBBIX has a 0.27% expense ratio, which is higher than CLOA's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBBIX vs. CLOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Limited Duration Fund (BBBIX) and BlackRock AAA CLO ETF (CLOA). 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
BBBIX vs. CLOA - Dividend Comparison
BBBIX's dividend yield for the trailing twelve months is around 4.46%, less than CLOA's 6.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBIX BBH Limited Duration Fund | 4.46% | 4.29% | 2.37% | 1.46% | 2.30% | 3.01% | 2.67% | 2.09% | 2.23% | 2.11% | 1.57% | 1.60% |
CLOA BlackRock AAA CLO ETF | 6.13% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BBBIX vs. CLOA - Drawdown Comparison
The maximum BBBIX drawdown since its inception was -6.60%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for BBBIX and CLOA. For additional features, visit the drawdowns tool.
Volatility
BBBIX vs. CLOA - Volatility Comparison
BBH Limited Duration Fund (BBBIX) has a higher volatility of 0.28% compared to BlackRock AAA CLO ETF (CLOA) at 0.23%. This indicates that BBBIX's price experiences larger fluctuations and is considered to be riskier than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.