PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
CLOA vs. CLOI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

CLOA vs. CLOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock AAA CLO ETF (CLOA) and VanEck CLO ETF (CLOI). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.15%
3.63%
CLOA
CLOI

Returns By Period

In the year-to-date period, CLOA achieves a 6.60% return, which is significantly lower than CLOI's 7.60% return.


CLOA

YTD

6.60%

1M

0.62%

6M

3.16%

1Y

7.69%

5Y (annualized)

N/A

10Y (annualized)

N/A

CLOI

YTD

7.60%

1M

0.71%

6M

3.64%

1Y

8.31%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


CLOACLOI
Sharpe Ratio9.325.71
Sortino Ratio16.449.62
Omega Ratio4.872.70
Calmar Ratio26.5719.14
Martin Ratio224.28101.73
Ulcer Index0.03%0.08%
Daily Std Dev0.82%1.45%
Max Drawdown-1.34%-2.70%
Current Drawdown0.00%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


CLOA vs. CLOI - Expense Ratio Comparison

CLOA has a 0.20% expense ratio, which is lower than CLOI's 0.40% expense ratio.


CLOI
VanEck CLO ETF
Expense ratio chart for CLOI: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for CLOA: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.0

The correlation between CLOA and CLOI 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.

Risk-Adjusted Performance

CLOA vs. CLOI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and VanEck CLO ETF (CLOI). 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.


Sharpe ratio
The chart of Sharpe ratio for CLOA, currently valued at 9.32, compared to the broader market0.002.004.009.325.71
The chart of Sortino ratio for CLOA, currently valued at 16.44, compared to the broader market-2.000.002.004.006.008.0010.0012.0016.449.62
The chart of Omega ratio for CLOA, currently valued at 4.87, compared to the broader market0.501.001.502.002.503.004.872.70
The chart of Calmar ratio for CLOA, currently valued at 26.57, compared to the broader market0.005.0010.0015.0020.0026.5719.14
The chart of Martin ratio for CLOA, currently valued at 224.28, compared to the broader market0.0020.0040.0060.0080.00100.00120.00224.28101.73
CLOA
CLOI

The current CLOA Sharpe Ratio is 9.32, which is higher than the CLOI Sharpe Ratio of 5.71. The chart below compares the historical Sharpe Ratios of CLOA and CLOI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio5.006.007.008.009.0010.00JuneJulyAugustSeptemberOctoberNovember
9.32
5.71
CLOA
CLOI

Dividends

CLOA vs. CLOI - Dividend Comparison

CLOA's dividend yield for the trailing twelve months is around 6.12%, less than CLOI's 6.37% yield.


TTM20232022
CLOA
BlackRock AAA CLO ETF
6.12%5.88%0.00%
CLOI
VanEck CLO ETF
6.37%5.62%2.23%

Drawdowns

CLOA vs. CLOI - Drawdown Comparison

The maximum CLOA drawdown since its inception was -1.34%, smaller than the maximum CLOI drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for CLOA and CLOI. For additional features, visit the drawdowns tool.


-0.30%-0.25%-0.20%-0.15%-0.10%-0.05%0.00%JuneJulyAugustSeptemberOctoberNovember00
CLOA
CLOI

Volatility

CLOA vs. CLOI - Volatility Comparison

BlackRock AAA CLO ETF (CLOA) and VanEck CLO ETF (CLOI) have volatilities of 0.28% and 0.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.20%0.30%0.40%0.50%JuneJulyAugustSeptemberOctoberNovember
0.28%
0.27%
CLOA
CLOI