CLOA vs. LQDH
Compare and contrast key facts about BlackRock AAA CLO ETF (CLOA) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH).
CLOA and LQDH 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. LQDH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOA or LQDH.
Performance
CLOA vs. LQDH - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with CLOA having a 6.52% return and LQDH slightly higher at 6.66%.
CLOA
6.52%
0.64%
3.28%
7.70%
N/A
N/A
LQDH
6.66%
0.79%
2.95%
8.30%
4.41%
3.60%
Key characteristics
| CLOA | LQDH | |
|---|---|---|
| Sharpe Ratio | 9.42 | 2.90 |
| Sortino Ratio | 16.69 | 4.34 |
| Omega Ratio | 4.93 | 1.60 |
| Calmar Ratio | 26.98 | 4.49 |
| Martin Ratio | 227.69 | 22.06 |
| Ulcer Index | 0.03% | 0.37% |
| Daily Std Dev | 0.83% | 2.81% |
| Max Drawdown | -1.34% | -24.63% |
| Current Drawdown | 0.00% | -0.58% |
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CLOA vs. LQDH - Expense Ratio Comparison
CLOA has a 0.20% expense ratio, which is lower than LQDH's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between CLOA and LQDH is -0.02. 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.
Risk-Adjusted Performance
CLOA vs. LQDH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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. LQDH - Dividend Comparison
CLOA's dividend yield for the trailing twelve months is around 6.12%, less than LQDH's 8.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CLOA BlackRock AAA CLO ETF | 6.12% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 8.02% | 7.69% | 3.73% | 1.64% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% |
Drawdowns
CLOA vs. LQDH - Drawdown Comparison
The maximum CLOA drawdown since its inception was -1.34%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for CLOA and LQDH. For additional features, visit the drawdowns tool.
Volatility
CLOA vs. LQDH - Volatility Comparison
The current volatility for BlackRock AAA CLO ETF (CLOA) is 0.29%, while iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a volatility of 0.84%. This indicates that CLOA experiences smaller price fluctuations and is considered to be less risky than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.