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CLOI vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


CLOIFXAIX
YTD Return7.28%27.28%
1Y Return8.78%37.86%
Sharpe Ratio5.713.24
Sortino Ratio9.724.29
Omega Ratio2.691.61
Calmar Ratio19.804.74
Martin Ratio103.0521.47
Ulcer Index0.08%1.86%
Daily Std Dev1.50%12.29%
Max Drawdown-2.70%-33.79%
Current Drawdown-0.02%0.00%

Correlation

-0.50.00.51.0-0.0

The correlation between CLOI and FXAIX is -0.01. 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.

Performance

CLOI vs. FXAIX - Performance Comparison

In the year-to-date period, CLOI achieves a 7.28% return, which is significantly lower than FXAIX's 27.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
3.54%
15.13%
CLOI
FXAIX

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CLOI vs. FXAIX - Expense Ratio Comparison

CLOI has a 0.40% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


CLOI
VanEck CLO ETF
Expense ratio chart for CLOI: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

CLOI vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) and Fidelity 500 Index Fund (FXAIX). 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.


CLOI
Sharpe ratio
The chart of Sharpe ratio for CLOI, currently valued at 5.71, compared to the broader market-2.000.002.004.006.005.71
Sortino ratio
The chart of Sortino ratio for CLOI, currently valued at 9.72, compared to the broader market0.005.0010.009.72
Omega ratio
The chart of Omega ratio for CLOI, currently valued at 2.69, compared to the broader market1.001.502.002.503.002.69
Calmar ratio
The chart of Calmar ratio for CLOI, currently valued at 19.80, compared to the broader market0.005.0010.0015.0019.80
Martin ratio
The chart of Martin ratio for CLOI, currently valued at 103.05, compared to the broader market0.0020.0040.0060.0080.00100.00120.00103.05
FXAIX
Sharpe ratio
The chart of Sharpe ratio for FXAIX, currently valued at 3.24, compared to the broader market-2.000.002.004.006.003.24
Sortino ratio
The chart of Sortino ratio for FXAIX, currently valued at 4.29, compared to the broader market0.005.0010.004.29
Omega ratio
The chart of Omega ratio for FXAIX, currently valued at 1.61, compared to the broader market1.001.502.002.503.001.61
Calmar ratio
The chart of Calmar ratio for FXAIX, currently valued at 4.74, compared to the broader market0.005.0010.0015.004.74
Martin ratio
The chart of Martin ratio for FXAIX, currently valued at 21.47, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.47

CLOI vs. FXAIX - Sharpe Ratio Comparison

The current CLOI Sharpe Ratio is 5.71, which is higher than the FXAIX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of CLOI and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00JuneJulyAugustSeptemberOctoberNovember
5.71
3.24
CLOI
FXAIX

Dividends

CLOI vs. FXAIX - Dividend Comparison

CLOI's dividend yield for the trailing twelve months is around 6.39%, more than FXAIX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
CLOI
VanEck CLO ETF
6.39%5.62%2.23%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.21%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

CLOI vs. FXAIX - Drawdown Comparison

The maximum CLOI drawdown since its inception was -2.70%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for CLOI and FXAIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.02%
0
CLOI
FXAIX

Volatility

CLOI vs. FXAIX - Volatility Comparison

The current volatility for VanEck CLO ETF (CLOI) is 0.28%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.88%. This indicates that CLOI experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.28%
3.88%
CLOI
FXAIX