BRHYX vs. CLOZ
Compare and contrast key facts about BlackRock High Yield K (BRHYX) and Panagram Bbb-B Clo ETF (CLOZ).
BRHYX is managed by BlackRock. It was launched on Jan 5, 2001. 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: BRHYX or CLOZ.
Correlation
The correlation between BRHYX and CLOZ is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BRHYX vs. CLOZ - Performance Comparison
Key characteristics
BRHYX:
2.73
CLOZ:
6.85
BRHYX:
4.43
CLOZ:
9.60
BRHYX:
1.64
CLOZ:
3.69
BRHYX:
5.27
CLOZ:
8.48
BRHYX:
17.04
CLOZ:
54.23
BRHYX:
0.57%
CLOZ:
0.22%
BRHYX:
3.56%
CLOZ:
1.72%
BRHYX:
-34.77%
CLOZ:
-2.70%
BRHYX:
-0.28%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, BRHYX achieves a 1.27% return, which is significantly lower than CLOZ's 1.48% return.
BRHYX
1.27%
0.70%
3.30%
9.71%
4.42%
4.93%
CLOZ
1.48%
0.92%
6.05%
11.67%
N/A
N/A
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BRHYX vs. CLOZ - Expense Ratio Comparison
BRHYX has a 0.48% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
BRHYX vs. CLOZ — Risk-Adjusted Performance Rank
BRHYX
CLOZ
BRHYX vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield K (BRHYX) 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
BRHYX vs. CLOZ - Dividend Comparison
BRHYX's dividend yield for the trailing twelve months is around 7.08%, less than CLOZ's 8.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 7.08% | 7.14% | 6.75% | 5.95% | 4.81% | 5.22% | 5.68% | 6.32% | 5.74% | 5.67% | 5.78% | 5.98% |
CLOZ Panagram Bbb-B Clo ETF | 8.78% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BRHYX vs. CLOZ - Drawdown Comparison
The maximum BRHYX drawdown since its inception was -34.77%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for BRHYX and CLOZ. For additional features, visit the drawdowns tool.
Volatility
BRHYX vs. CLOZ - Volatility Comparison
BlackRock High Yield K (BRHYX) has a higher volatility of 0.90% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.21%. This indicates that BRHYX'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.