Correlation
The correlation between CLOX and CSHI is 0.26, 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.
CLOX vs. CSHI
Compare and contrast key facts about Panagram AAA CLO ETF (CLOX) and Neos Enhanced Income Cash Alternative ETF (CSHI).
CLOX and CSHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOX is an actively managed fund by Panagram. It was launched on Jul 18, 2023. CSHI is a passively managed fund by Neos that tracks the performance of the NONE. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOX or CSHI.
Performance
CLOX vs. CSHI - Performance Comparison
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Key characteristics
CLOX:
1.14
CSHI:
2.60
CLOX:
1.38
CSHI:
3.87
CLOX:
1.48
CSHI:
1.99
CLOX:
1.39
CSHI:
3.27
CLOX:
15.75
CSHI:
28.94
CLOX:
0.37%
CSHI:
0.19%
CLOX:
5.30%
CSHI:
2.10%
CLOX:
-4.13%
CSHI:
-1.69%
CLOX:
-0.33%
CSHI:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with CLOX having a 2.12% return and CSHI slightly lower at 2.07%.
CLOX
2.12%
0.71%
2.46%
5.97%
N/A
N/A
N/A
CSHI
2.07%
0.63%
2.46%
5.42%
N/A
N/A
N/A
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CLOX vs. CSHI - Expense Ratio Comparison
CLOX has a 0.20% expense ratio, which is lower than CSHI's 0.38% expense ratio.
Risk-Adjusted Performance
CLOX vs. CSHI — Risk-Adjusted Performance Rank
CLOX
CSHI
CLOX vs. CSHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram AAA CLO ETF (CLOX) and Neos Enhanced Income Cash Alternative ETF (CSHI). 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.
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Dividends
CLOX vs. CSHI - Dividend Comparison
CLOX's dividend yield for the trailing twelve months is around 5.87%, more than CSHI's 5.43% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CLOX Panagram AAA CLO ETF | 5.87% | 6.25% | 2.90% | 0.00% |
CSHI Neos Enhanced Income Cash Alternative ETF | 5.43% | 5.72% | 6.15% | 1.52% |
Drawdowns
CLOX vs. CSHI - Drawdown Comparison
The maximum CLOX drawdown since its inception was -4.13%, which is greater than CSHI's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for CLOX and CSHI.
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Volatility
CLOX vs. CSHI - Volatility Comparison
Panagram AAA CLO ETF (CLOX) has a higher volatility of 0.74% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.41%. This indicates that CLOX's price experiences larger fluctuations and is considered to be riskier than CSHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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