BFRAX vs. CLOZ
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and Panagram Bbb-B Clo ETF (CLOZ).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. 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: BFRAX or CLOZ.
Correlation
The correlation between BFRAX and CLOZ is 0.03, 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
BFRAX vs. CLOZ - Performance Comparison
Key characteristics
BFRAX:
3.14
CLOZ:
6.70
BFRAX:
8.74
CLOZ:
9.45
BFRAX:
2.85
CLOZ:
3.54
BFRAX:
8.71
CLOZ:
8.39
BFRAX:
47.79
CLOZ:
53.61
BFRAX:
0.17%
CLOZ:
0.22%
BFRAX:
2.58%
CLOZ:
1.74%
BFRAX:
-20.61%
CLOZ:
-2.70%
BFRAX:
-0.10%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, BFRAX achieves a 0.10% return, which is significantly lower than CLOZ's 0.37% return.
BFRAX
0.10%
0.40%
3.92%
8.10%
5.03%
4.48%
CLOZ
0.37%
0.76%
5.17%
11.55%
N/A
N/A
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BFRAX vs. CLOZ - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
BFRAX vs. CLOZ — Risk-Adjusted Performance Rank
BFRAX
CLOZ
BFRAX vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) 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
BFRAX vs. CLOZ - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 7.97%, less than CLOZ's 9.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 7.97% | 7.98% | 8.26% | 4.85% | 3.15% | 3.73% | 4.63% | 4.52% | 3.79% | 3.91% | 4.02% | 4.17% |
CLOZ Panagram Bbb-B Clo ETF | 9.06% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BFRAX vs. CLOZ - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -20.61%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for BFRAX and CLOZ. For additional features, visit the drawdowns tool.
Volatility
BFRAX vs. CLOZ - Volatility Comparison
BlackRock Floating Rate Income Fund (BFRAX) has a higher volatility of 0.66% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.19%. This indicates that BFRAX'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.