CLOI vs. QQQ
Compare and contrast key facts about VanEck CLO ETF (CLOI) and Invesco QQQ (QQQ).
CLOI and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOI or QQQ.
Key characteristics
| CLOI | QQQ | |
|---|---|---|
| YTD Return | 7.30% | 26.02% |
| 1Y Return | 8.51% | 36.73% |
| Sharpe Ratio | 5.89 | 2.28 |
| Sortino Ratio | 10.12 | 2.98 |
| Omega Ratio | 2.79 | 1.41 |
| Calmar Ratio | 20.25 | 2.94 |
| Martin Ratio | 105.41 | 10.71 |
| Ulcer Index | 0.08% | 3.72% |
| Daily Std Dev | 1.49% | 17.35% |
| Max Drawdown | -2.70% | -82.98% |
| Current Drawdown | -0.00% | -0.06% |
Correlation
The correlation between CLOI and QQQ is -0.02. 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. QQQ - Performance Comparison
In the year-to-date period, CLOI achieves a 7.30% return, which is significantly lower than QQQ's 26.02% 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. QQQ - Expense Ratio Comparison
CLOI has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CLOI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
CLOI's dividend yield for the trailing twelve months is around 6.39%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CLOI vs. QQQ - Drawdown Comparison
The maximum CLOI drawdown since its inception was -2.70%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CLOI and QQQ. For additional features, visit the drawdowns tool.
Volatility
CLOI vs. QQQ - Volatility Comparison
The current volatility for VanEck CLO ETF (CLOI) is 0.27%, while Invesco QQQ (QQQ) has a volatility of 5.13%. This indicates that CLOI experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.