CLOX vs. SGOV
Compare and contrast key facts about Panagram AAA CLO ETF (CLOX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
CLOX and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOX or SGOV.
Correlation
The correlation between CLOX and SGOV 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.
Performance
CLOX vs. SGOV - Performance Comparison
Key characteristics
CLOX:
1.10
SGOV:
21.61
CLOX:
1.38
SGOV:
490.28
CLOX:
1.53
SGOV:
491.28
CLOX:
1.38
SGOV:
502.33
CLOX:
16.25
SGOV:
7,974.31
CLOX:
0.35%
SGOV:
0.00%
CLOX:
5.20%
SGOV:
0.23%
CLOX:
-4.13%
SGOV:
-0.03%
CLOX:
-0.52%
SGOV:
0.00%
Returns By Period
In the year-to-date period, CLOX achieves a 0.77% return, which is significantly lower than SGOV's 1.27% return.
CLOX
0.77%
-0.25%
2.40%
5.78%
N/A
N/A
SGOV
1.27%
0.38%
2.25%
4.96%
N/A
N/A
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CLOX vs. SGOV - Expense Ratio Comparison
CLOX has a 0.20% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CLOX vs. SGOV — Risk-Adjusted Performance Rank
CLOX
SGOV
CLOX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram AAA CLO ETF (CLOX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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
CLOX vs. SGOV - Dividend Comparison
CLOX's dividend yield for the trailing twelve months is around 6.02%, more than SGOV's 4.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
CLOX Panagram AAA CLO ETF | 6.02% | 6.25% | 2.90% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.79% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
CLOX vs. SGOV - Drawdown Comparison
The maximum CLOX drawdown since its inception was -4.13%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for CLOX and SGOV. For additional features, visit the drawdowns tool.
Volatility
CLOX vs. SGOV - Volatility Comparison
Panagram AAA CLO ETF (CLOX) has a higher volatility of 5.15% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that CLOX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.