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
Returns By Period
In the year-to-date period, CLOA achieves a 6.52% return, which is significantly lower than SEIX's 7.31% return.
CLOA
6.52%
0.64%
3.28%
7.70%
N/A
N/A
SEIX
7.31%
0.64%
3.93%
9.24%
5.65%
N/A
Key characteristics
| CLOA | SEIX | |
|---|---|---|
| Sharpe Ratio | 9.42 | 3.70 |
| Sortino Ratio | 16.69 | 5.34 |
| Omega Ratio | 4.93 | 2.12 |
| Calmar Ratio | 26.98 | 7.38 |
| Martin Ratio | 227.69 | 25.34 |
| Ulcer Index | 0.03% | 0.36% |
| Daily Std Dev | 0.83% | 2.47% |
| Max Drawdown | -1.34% | -17.50% |
| Current Drawdown | 0.00% | 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. SEIX - Expense Ratio Comparison
CLOA has a 0.20% expense ratio, which is lower than SEIX's 0.57% expense ratio.
Correlation
The correlation between CLOA and SEIX is -0.04. 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. 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.
Dividends
CLOA vs. SEIX - Dividend Comparison
CLOA's dividend yield for the trailing twelve months is around 6.12%, less than SEIX's 8.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
CLOA BlackRock AAA CLO ETF | 6.12% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% |
SEIX Virtus Seix Senior Loan ETF | 8.34% | 8.75% | 5.75% | 4.16% | 3.76% | 3.82% |
Drawdowns
CLOA vs. SEIX - Drawdown Comparison
The maximum CLOA drawdown since its inception was -1.34%, smaller than the maximum SEIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for CLOA and SEIX. For additional features, visit the drawdowns tool.
Volatility
CLOA vs. SEIX - Volatility Comparison
BlackRock AAA CLO ETF (CLOA) and Virtus Seix Senior Loan ETF (SEIX) have volatilities of 0.29% and 0.29%, 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.