CLOA vs. IBHE
Compare and contrast key facts about BlackRock AAA CLO ETF (CLOA) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE).
CLOA and IBHE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOA is an actively managed fund by Blackrock. It was launched on Jan 10, 2023. IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOA or IBHE.
Correlation
The correlation between CLOA and IBHE is 0.40, 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
CLOA vs. IBHE - Performance Comparison
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Key characteristics
CLOA:
1.02%
IBHE:
1.75%
CLOA:
-0.04%
IBHE:
-26.92%
CLOA:
-0.02%
IBHE:
0.00%
Returns By Period
CLOA
N/A
N/A
N/A
N/A
N/A
N/A
IBHE
1.75%
0.65%
2.56%
6.16%
6.77%
N/A
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CLOA vs. IBHE - Expense Ratio Comparison
CLOA has a 0.20% expense ratio, which is lower than IBHE's 0.35% expense ratio.
Risk-Adjusted Performance
CLOA vs. IBHE — Risk-Adjusted Performance Rank
CLOA
IBHE
CLOA vs. IBHE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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.
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Dividends
CLOA vs. IBHE - Dividend Comparison
CLOA's dividend yield for the trailing twelve months is around 5.92%, less than IBHE's 6.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
CLOA BlackRock AAA CLO ETF | 5.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 6.33% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
Drawdowns
CLOA vs. IBHE - Drawdown Comparison
The maximum CLOA drawdown since its inception was -0.04%, smaller than the maximum IBHE drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for CLOA and IBHE. For additional features, visit the drawdowns tool.
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Volatility
CLOA vs. IBHE - Volatility Comparison
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