CLOX vs. SVOL
Compare and contrast key facts about Panagram AAA CLO ETF (CLOX) and Simplify Volatility Premium ETF (SVOL).
CLOX and SVOL 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. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOX or SVOL.
Correlation
The correlation between CLOX and SVOL is 0.07, 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. SVOL - Performance Comparison
Key characteristics
CLOX:
1.13
SVOL:
-0.45
CLOX:
1.43
SVOL:
-0.48
CLOX:
1.52
SVOL:
0.92
CLOX:
1.44
SVOL:
-0.45
CLOX:
16.32
SVOL:
-1.81
CLOX:
0.36%
SVOL:
8.33%
CLOX:
5.27%
SVOL:
33.33%
CLOX:
-4.13%
SVOL:
-33.50%
CLOX:
-0.06%
SVOL:
-21.27%
Returns By Period
In the year-to-date period, CLOX achieves a 1.60% return, which is significantly higher than SVOL's -17.23% return.
CLOX
1.60%
1.79%
2.92%
5.89%
N/A
N/A
SVOL
-17.23%
11.08%
-18.37%
-15.59%
N/A
N/A
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CLOX vs. SVOL - Expense Ratio Comparison
CLOX has a 0.20% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
CLOX vs. SVOL — Risk-Adjusted Performance Rank
CLOX
SVOL
CLOX vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram AAA CLO ETF (CLOX) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
CLOX's dividend yield for the trailing twelve months is around 5.90%, less than SVOL's 20.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
CLOX Panagram AAA CLO ETF | 5.90% | 6.25% | 2.90% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 20.71% | 16.79% | 16.37% | 18.32% | 4.65% |
Drawdowns
CLOX vs. SVOL - Drawdown Comparison
The maximum CLOX drawdown since its inception was -4.13%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for CLOX and SVOL. For additional features, visit the drawdowns tool.
Volatility
CLOX vs. SVOL - Volatility Comparison
The current volatility for Panagram AAA CLO ETF (CLOX) is 1.21%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 24.69%. This indicates that CLOX experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.