CLOI vs. CLOA
Compare and contrast key facts about VanEck CLO ETF (CLOI) and BlackRock AAA CLO ETF (CLOA).
CLOI and CLOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022. CLOA is an actively managed fund by Blackrock. It was launched on Jan 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOI or CLOA.
Performance
CLOI vs. CLOA - Performance Comparison
Returns By Period
In the year-to-date period, CLOI achieves a 7.46% return, which is significantly higher than CLOA's 6.46% return.
CLOI
7.46%
0.67%
3.50%
8.34%
N/A
N/A
CLOA
6.46%
0.60%
3.24%
7.75%
N/A
N/A
Key characteristics
| CLOI | CLOA | |
|---|---|---|
| Sharpe Ratio | 5.70 | 9.30 |
| Sortino Ratio | 9.66 | 16.50 |
| Omega Ratio | 2.70 | 4.85 |
| Calmar Ratio | 19.33 | 26.69 |
| Martin Ratio | 100.54 | 225.25 |
| Ulcer Index | 0.08% | 0.03% |
| Daily Std Dev | 1.47% | 0.83% |
| Max Drawdown | -2.70% | -1.34% |
| Current Drawdown | -0.06% | 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.
CLOI vs. CLOA - Expense Ratio Comparison
CLOI has a 0.40% expense ratio, which is higher than CLOA's 0.20% expense ratio.
Correlation
The correlation between CLOI and CLOA is 0.03, 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.
Risk-Adjusted Performance
CLOI vs. CLOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) and BlackRock AAA CLO ETF (CLOA). 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
CLOI vs. CLOA - Dividend Comparison
CLOI's dividend yield for the trailing twelve months is around 6.38%, more than CLOA's 6.13% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CLOI VanEck CLO ETF | 6.38% | 5.62% | 2.23% |
CLOA BlackRock AAA CLO ETF | 6.13% | 5.88% | 0.00% |
Drawdowns
CLOI vs. CLOA - Drawdown Comparison
The maximum CLOI drawdown since its inception was -2.70%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for CLOI and CLOA. For additional features, visit the drawdowns tool.
Volatility
CLOI vs. CLOA - Volatility Comparison
The current volatility for VanEck CLO ETF (CLOI) is 0.25%, while BlackRock AAA CLO ETF (CLOA) has a volatility of 0.29%. This indicates that CLOI experiences smaller price fluctuations and is considered to be less risky than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.