BBBS vs. CLOZ
Compare and contrast key facts about Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Panagram Bbb-B Clo ETF (CLOZ).
BBBS and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBBS is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 1-5 Year Index. 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: BBBS or CLOZ.
Correlation
The correlation between BBBS and CLOZ is 0.01, 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
BBBS vs. CLOZ - Performance Comparison
Key characteristics
BBBS:
2.86
CLOZ:
1.23
BBBS:
4.38
CLOZ:
1.54
BBBS:
1.60
CLOZ:
1.45
BBBS:
4.92
CLOZ:
1.00
BBBS:
15.41
CLOZ:
5.34
BBBS:
0.46%
CLOZ:
1.00%
BBBS:
2.46%
CLOZ:
4.34%
BBBS:
-1.43%
CLOZ:
-5.33%
BBBS:
-0.68%
CLOZ:
-3.61%
Returns By Period
In the year-to-date period, BBBS achieves a 1.46% return, which is significantly higher than CLOZ's -2.19% return.
BBBS
1.46%
-0.06%
1.51%
6.91%
N/A
N/A
CLOZ
-2.19%
-1.71%
0.69%
5.26%
N/A
N/A
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BBBS vs. CLOZ - Expense Ratio Comparison
BBBS has a 0.19% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
BBBS vs. CLOZ — Risk-Adjusted Performance Rank
BBBS
CLOZ
BBBS vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) 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
BBBS vs. CLOZ - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 4.51%, less than CLOZ's 8.91% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.51% | 4.30% | 0.00% |
CLOZ Panagram Bbb-B Clo ETF | 8.91% | 9.09% | 8.81% |
Drawdowns
BBBS vs. CLOZ - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.43%, smaller than the maximum CLOZ drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for BBBS and CLOZ. For additional features, visit the drawdowns tool.
Volatility
BBBS vs. CLOZ - Volatility Comparison
The current volatility for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) is 1.29%, while Panagram Bbb-B Clo ETF (CLOZ) has a volatility of 3.99%. This indicates that BBBS 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.