CLOX vs. UTF

Last updated Apr 1, 2026

Compare and contrast key facts about Panagram AAA CLO ETF (CLOX) and Cohen & Steers Infrastructure Fund, Inc (UTF).

CLOX is an actively managed fund by Panagram. It was launched on Jul 18, 2023.

Performance

CLOX vs. UTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Panagram AAA CLO ETF (CLOX) and Cohen & Steers Infrastructure Fund, Inc (UTF). The values are adjusted to include any dividend payments, if applicable.

CLOX vs. UTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CLOX Panagram AAA CLO ETF	1.01%	5.52%	7.16%	3.93%
UTF Cohen & Steers Infrastructure Fund, Inc	9.32%	9.93%	22.37%	-4.41%

Returns By Period

In the year-to-date period, CLOX achieves a 1.01% return, which is significantly lower than UTF's 9.32% return.

CLOX

• 1D: 0.02%
• 1M: 0.22%
• YTD: 1.01%
• 6M: 2.48%
• 1Y: 5.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTF

• 1D: 1.41%
• 1M: -3.86%
• YTD: 9.32%
• 6M: 8.34%
• 1Y: 10.91%
• 3Y*: 10.92%
• 5Y*: 6.25%
• 10Y*: 11.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CLOX vs. UTF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOX

CLOX Risk / Return Rank: 72
CLOX Sharpe Ratio Rank: 60
CLOX Sortino Ratio Rank: 50
CLOX Omega Ratio Rank: 96
CLOX Calmar Ratio Rank: 56
CLOX Martin Ratio Rank: 95

UTF

UTF Risk / Return Rank: 62
UTF Sharpe Ratio Rank: 66
UTF Sortino Ratio Rank: 56
UTF Omega Ratio Rank: 58
UTF Calmar Ratio Rank: 64
UTF Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLOX vs. UTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Panagram AAA CLO ETF (CLOX) and Cohen & Steers Infrastructure Fund, Inc (UTF). 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.

	CLOX	UTF	Difference
Sharpe ratio Return per unit of total volatility	1.04	0.70	+0.34
Sortino ratio Return per unit of downside risk	1.30	0.97	+0.33
Omega ratio Gain probability vs. loss probability	1.51	1.14	+0.36
Calmar ratio Return relative to maximum drawdown	1.36	0.99	+0.37
Martin ratio Return relative to average drawdown	15.61	2.24	+13.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLOX vs. UTF - Sharpe Ratio Comparison

The current CLOX Sharpe Ratio is 1.04, which is higher than the UTF Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of CLOX and UTF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CLOX	UTF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	0.70	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.93	0.44	+1.49

Correlation

The correlation between CLOX and UTF is 0.08, 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.

Dividends

CLOX vs. UTF - Dividend Comparison

CLOX's dividend yield for the trailing twelve months is around 5.00%, less than UTF's 7.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLOX Panagram AAA CLO ETF	5.00%	5.18%	6.25%	2.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTF Cohen & Steers Infrastructure Fund, Inc	7.13%	7.62%	7.74%	8.76%	7.75%	6.53%	7.20%	7.10%	10.12%	7.37%	10.51%	8.39%

Drawdowns

CLOX vs. UTF - Drawdown Comparison

The maximum CLOX drawdown since its inception was -4.13%, smaller than the maximum UTF drawdown of -72.62%. Use the drawdown chart below to compare losses from any high point for CLOX and UTF.

Drawdown Indicators

	CLOX	UTF	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-72.62%	+68.49%
Max Drawdown (1Y) Largest decline over 1 year	-4.02%	-11.99%	+7.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.53%	—
Current Drawdown Current decline from peak	0.00%	-4.42%	+4.42%
Average Drawdown Average peak-to-trough decline	-0.09%	-10.44%	+10.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.35%	5.29%	-4.94%

Volatility

CLOX vs. UTF - Volatility Comparison

The current volatility for Panagram AAA CLO ETF (CLOX) is 0.63%, while Cohen & Steers Infrastructure Fund, Inc (UTF) has a volatility of 4.56%. This indicates that CLOX experiences smaller price fluctuations and is considered to be less risky than UTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOX	UTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	4.56%	-3.93%
Volatility (6M) Calculated over the trailing 6-month period	0.90%	9.43%	-8.53%
Volatility (1Y) Calculated over the trailing 1-year period	5.22%	15.70%	-10.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.42%	18.51%	-15.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.42%	23.38%	-19.96%