CELFX vs. BSV
Compare and contrast key facts about Cliffwater Enhanced Lending Fund (CELFX) and Vanguard Short-Term Bond ETF (BSV).
CELFX is managed by Cliffwater. It was launched on Jul 26, 2021. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CELFX or BSV.
Key characteristics
| CELFX | BSV | |
|---|---|---|
| YTD Return | 8.28% | 3.10% |
| 1Y Return | 10.72% | 6.04% |
| 3Y Return (Ann) | 11.73% | 0.69% |
| Sharpe Ratio | 3.35 | 2.33 |
| Sortino Ratio | 3.72 | 3.65 |
| Omega Ratio | 4.17 | 1.46 |
| Calmar Ratio | 3.91 | 1.28 |
| Martin Ratio | 13.74 | 10.53 |
| Ulcer Index | 0.79% | 0.58% |
| Daily Std Dev | 3.23% | 2.62% |
| Max Drawdown | -2.77% | -8.54% |
| Current Drawdown | -1.79% | -1.50% |
Correlation
The correlation between CELFX and BSV 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
CELFX vs. BSV - Performance Comparison
In the year-to-date period, CELFX achieves a 8.28% return, which is significantly higher than BSV's 3.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CELFX vs. BSV - Expense Ratio Comparison
CELFX has a 1.68% expense ratio, which is higher than BSV's 0.04% expense ratio.
Risk-Adjusted Performance
CELFX vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cliffwater Enhanced Lending Fund (CELFX) and Vanguard Short-Term Bond ETF (BSV). 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
CELFX vs. BSV - Dividend Comparison
CELFX's dividend yield for the trailing twelve months is around 8.28%, more than BSV's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CELFX Cliffwater Enhanced Lending Fund | 8.28% | 10.67% | 9.42% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 3.27% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
Drawdowns
CELFX vs. BSV - Drawdown Comparison
The maximum CELFX drawdown since its inception was -2.77%, smaller than the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for CELFX and BSV. For additional features, visit the drawdowns tool.
Volatility
CELFX vs. BSV - Volatility Comparison
The current volatility for Cliffwater Enhanced Lending Fund (CELFX) is 0.24%, while Vanguard Short-Term Bond ETF (BSV) has a volatility of 0.56%. This indicates that CELFX experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.