BBBL vs. CLOZ
Compare and contrast key facts about Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and Panagram Bbb-B Clo ETF (CLOZ).
BBBL and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBBL is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. It was launched on Jan 23, 2024. 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: BBBL or CLOZ.
Correlation
The correlation between BBBL and CLOZ is 0.07, 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
BBBL vs. CLOZ - Performance Comparison
Key characteristics
BBBL:
0.47
CLOZ:
1.23
BBBL:
0.71
CLOZ:
1.54
BBBL:
1.09
CLOZ:
1.45
BBBL:
0.54
CLOZ:
1.00
BBBL:
1.30
CLOZ:
5.34
BBBL:
3.93%
CLOZ:
1.00%
BBBL:
10.96%
CLOZ:
4.34%
BBBL:
-9.43%
CLOZ:
-5.33%
BBBL:
-7.65%
CLOZ:
-3.61%
Returns By Period
In the year-to-date period, BBBL achieves a -1.05% return, which is significantly higher than CLOZ's -2.19% return.
BBBL
-1.05%
-3.40%
-4.51%
4.35%
N/A
N/A
CLOZ
-2.19%
-1.64%
0.69%
5.26%
N/A
N/A
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BBBL vs. CLOZ - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
BBBL vs. CLOZ — Risk-Adjusted Performance Rank
BBBL
CLOZ
BBBL vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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
BBBL vs. CLOZ - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 5.96%, less than CLOZ's 8.91% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.96% | 5.19% | 0.00% |
CLOZ Panagram Bbb-B Clo ETF | 8.91% | 9.09% | 8.81% |
Drawdowns
BBBL vs. CLOZ - Drawdown Comparison
The maximum BBBL drawdown since its inception was -9.43%, which is greater than CLOZ's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for BBBL and CLOZ. For additional features, visit the drawdowns tool.
Volatility
BBBL vs. CLOZ - Volatility Comparison
Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) has a higher volatility of 5.91% compared to Panagram Bbb-B Clo ETF (CLOZ) at 3.99%. This indicates that BBBL's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.