CLOI vs. ICLO
Compare and contrast key facts about VanEck CLO ETF (CLOI) and Invesco Aaa Clo Floating Rate Note ETF (ICLO).
CLOI and ICLO 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. ICLO is an actively managed fund by Invesco. It was launched on Dec 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOI or ICLO.
Key characteristics
| CLOI | ICLO | |
|---|---|---|
| YTD Return | 7.28% | 6.28% |
| 1Y Return | 8.78% | 8.06% |
| Sharpe Ratio | 5.71 | 6.66 |
| Sortino Ratio | 9.72 | 10.36 |
| Omega Ratio | 2.69 | 3.75 |
| Calmar Ratio | 19.80 | 13.15 |
| Martin Ratio | 103.05 | 106.66 |
| Ulcer Index | 0.08% | 0.08% |
| Daily Std Dev | 1.50% | 1.23% |
| Max Drawdown | -2.70% | -0.83% |
| Current Drawdown | -0.02% | 0.00% |
Correlation
The correlation between CLOI and ICLO is 0.28, 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.
Performance
CLOI vs. ICLO - Performance Comparison
In the year-to-date period, CLOI achieves a 7.28% return, which is significantly higher than ICLO's 6.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLOI vs. ICLO - Expense Ratio Comparison
CLOI has a 0.40% expense ratio, which is higher than ICLO's 0.26% expense ratio.
Risk-Adjusted Performance
CLOI vs. ICLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) and Invesco Aaa Clo Floating Rate Note ETF (ICLO). 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. ICLO - Dividend Comparison
CLOI's dividend yield for the trailing twelve months is around 6.39%, less than ICLO's 7.20% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CLOI VanEck CLO ETF | 6.39% | 5.62% | 2.23% |
ICLO Invesco Aaa Clo Floating Rate Note ETF | 7.20% | 7.09% | 0.00% |
Drawdowns
CLOI vs. ICLO - Drawdown Comparison
The maximum CLOI drawdown since its inception was -2.70%, which is greater than ICLO's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for CLOI and ICLO. For additional features, visit the drawdowns tool.
Volatility
CLOI vs. ICLO - Volatility Comparison
VanEck CLO ETF (CLOI) has a higher volatility of 0.28% compared to Invesco Aaa Clo Floating Rate Note ETF (ICLO) at 0.21%. This indicates that CLOI's price experiences larger fluctuations and is considered to be riskier than ICLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.