Correlation
The correlation between CLOA and SEIX is 0.08, 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.
CLOA vs. SEIX
Compare and contrast key facts about BlackRock AAA CLO ETF (CLOA) and Virtus Seix Senior Loan ETF (SEIX).
CLOA and SEIX 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. SEIX is an actively managed fund by Virtus Investment Partners. It was launched on Apr 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOA or SEIX.
Performance
CLOA vs. SEIX - Performance Comparison
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Key characteristics
CLOA:
3.44
SEIX:
2.36
CLOA:
4.74
SEIX:
3.39
CLOA:
2.24
SEIX:
1.78
CLOA:
5.29
SEIX:
1.99
CLOA:
34.38
SEIX:
10.32
CLOA:
0.17%
SEIX:
0.58%
CLOA:
1.71%
SEIX:
2.42%
CLOA:
-1.34%
SEIX:
-17.51%
CLOA:
-0.02%
SEIX:
0.00%
Returns By Period
In the year-to-date period, CLOA achieves a 1.90% return, which is significantly higher than SEIX's 0.78% return.
CLOA
1.90%
0.85%
2.52%
5.76%
N/A
N/A
N/A
SEIX
0.78%
1.34%
1.70%
5.74%
7.90%
6.47%
N/A
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CLOA vs. SEIX - Expense Ratio Comparison
CLOA has a 0.20% expense ratio, which is lower than SEIX's 0.57% expense ratio.
Risk-Adjusted Performance
CLOA vs. SEIX — Risk-Adjusted Performance Rank
CLOA
SEIX
CLOA vs. SEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) and Virtus Seix Senior Loan ETF (SEIX). 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. SEIX - Dividend Comparison
CLOA's dividend yield for the trailing twelve months is around 5.91%, less than SEIX's 7.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
CLOA BlackRock AAA CLO ETF | 5.91% | 6.01% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% |
SEIX Virtus Seix Senior Loan ETF | 7.65% | 8.09% | 8.74% | 5.76% | 3.66% | 3.75% | 3.35% |
Drawdowns
CLOA vs. SEIX - Drawdown Comparison
The maximum CLOA drawdown since its inception was -1.34%, smaller than the maximum SEIX drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for CLOA and SEIX.
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Volatility
CLOA vs. SEIX - Volatility Comparison
The current volatility for BlackRock AAA CLO ETF (CLOA) is 0.31%, while Virtus Seix Senior Loan ETF (SEIX) has a volatility of 0.49%. This indicates that CLOA experiences smaller price fluctuations and is considered to be less risky than SEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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