CLOA vs. FSPGX
Compare and contrast key facts about BlackRock AAA CLO ETF (CLOA) and Fidelity Large Cap Growth Index Fund (FSPGX).
CLOA is an actively managed fund by Blackrock. It was launched on Jan 10, 2023. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOA or FSPGX.
Key characteristics
| CLOA | FSPGX | |
|---|---|---|
| YTD Return | 6.19% | 31.66% |
| 1Y Return | 7.81% | 43.39% |
| Sharpe Ratio | 9.65 | 2.61 |
| Sortino Ratio | 17.25 | 3.34 |
| Omega Ratio | 5.11 | 1.47 |
| Calmar Ratio | 27.43 | 3.35 |
| Martin Ratio | 237.97 | 13.16 |
| Ulcer Index | 0.03% | 3.34% |
| Daily Std Dev | 0.82% | 16.87% |
| Max Drawdown | -1.34% | -32.66% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CLOA and FSPGX is -0.03. 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
CLOA vs. FSPGX - Performance Comparison
In the year-to-date period, CLOA achieves a 6.19% return, which is significantly lower than FSPGX's 31.66% 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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CLOA vs. FSPGX - Expense Ratio Comparison
CLOA has a 0.20% expense ratio, which is higher than FSPGX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CLOA vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and Fidelity Large Cap Growth Index Fund (FSPGX). 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
CLOA vs. FSPGX - Dividend Comparison
CLOA's dividend yield for the trailing twelve months is around 6.14%, more than FSPGX's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CLOA BlackRock AAA CLO ETF | 6.14% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.42% | 0.73% | 0.86% | 0.54% | 0.74% | 0.99% | 1.14% | 0.99% | 0.30% |
Drawdowns
CLOA vs. FSPGX - Drawdown Comparison
The maximum CLOA drawdown since its inception was -1.34%, smaller than the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for CLOA and FSPGX. For additional features, visit the drawdowns tool.
Volatility
CLOA vs. FSPGX - Volatility Comparison
The current volatility for BlackRock AAA CLO ETF (CLOA) is 0.21%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.09%. This indicates that CLOA experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.