BLW vs. CLOZ
BLW (BlackRock Limited Duration Income Trust) is a stock, while CLOZ (Panagram BBB-B CLO ETF) is CLO fund actively managed by Panagram. Over the past 3 years, BLW returned 9.73%/yr vs 9.93%/yr for CLOZ. At a 0.11 correlation, their price movements are largely independent.
Performance
BLW vs. CLOZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BLW achieves a -2.24% return, which is significantly lower than CLOZ's 2.94% return.
BLW
- 1D
- 0.16%
- 1M
- 4.45%
- 6M
- -1.95%
- YTD
- -2.24%
- 1Y
- -0.49%
- 3Y*
- 9.73%
- 5Y*
- 3.17%
- 10Y*
- 6.57%
CLOZ
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- 2.44%
- YTD
- 2.94%
- 1Y
- 6.00%
- 3Y*
- 9.93%
- 5Y*
- —
- 10Y*
- —
BLW vs. CLOZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BLW BlackRock Limited Duration Income Trust | -2.24% | 7.17% | 11.06% | 12.73% |
CLOZ Panagram BBB-B CLO ETF | 2.94% | 5.99% | 11.85% | 14.99% |
Correlation
The correlation between BLW and CLOZ is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BLW vs. CLOZ — Risk / Return Rank
BLW
CLOZ
BLW vs. CLOZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Limited Duration Income Trust (BLW) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLW | CLOZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.44 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.53 | -1.57 |
| Martin ratioReturn relative to average drawdown | -0.12 | 5.07 | -5.18 |
Loading charts...
Drawdowns
BLW vs. CLOZ - Drawdown Comparison
The maximum BLW drawdown since its inception was -44.13%, which is greater than CLOZ's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for BLW and CLOZ.
Loading charts...
Drawdown Indicators
| BLW | CLOZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.13% | -5.32% | -38.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -3.90% | -7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -5.32% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | — | — |
Current DrawdownCurrent decline from peak | -4.32% | -0.08% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -0.38% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 1.17% | +2.99% |
Volatility
BLW vs. CLOZ - Volatility Comparison
BlackRock Limited Duration Income Trust (BLW) has a higher volatility of 1.70% compared to Panagram BBB-B CLO ETF (CLOZ) at 0.74%. This indicates that BLW'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.
Loading charts...
Volatility by Period
| BLW | CLOZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.74% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 3.19% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.06% | 3.46% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.32% | 3.77% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 3.77% | +10.81% |
Dividends
BLW vs. CLOZ - Dividend Comparison
BLW's dividend yield for the trailing twelve months is around 10.65%, more than CLOZ's 7.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLW BlackRock Limited Duration Income Trust | 10.65% | 9.89% | 9.39% | 8.63% | 8.26% | 6.99% | 7.39% | 6.27% | 7.14% | 6.24% | 9.68% | 8.26% |
CLOZ Panagram BBB-B CLO ETF | 7.32% | 7.63% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLW and CLOZ have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLW has higher volatility (1.70%) compared to CLOZ (0.74%). In terms of maximum drawdown, BLW dropped -44.13% vs CLOZ's -5.32%.
CLOZ currently has the higher Sharpe Ratio (1.72 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BLW and CLOZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer