CLOZ vs. BSJQ
Compare and contrast key facts about Panagram Bbb-B Clo ETF (CLOZ) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ).
CLOZ and BSJQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023. BSJQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. It was launched on Aug 9, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOZ or BSJQ.
Key characteristics
| CLOZ | BSJQ | |
|---|---|---|
| YTD Return | 10.10% | 7.37% |
| 1Y Return | 13.83% | 10.24% |
| Sharpe Ratio | 6.34 | 3.48 |
| Sortino Ratio | 9.39 | 5.61 |
| Omega Ratio | 3.22 | 1.75 |
| Calmar Ratio | 10.07 | 6.00 |
| Martin Ratio | 61.19 | 38.18 |
| Ulcer Index | 0.23% | 0.27% |
| Daily Std Dev | 2.20% | 2.96% |
| Max Drawdown | -2.70% | -24.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CLOZ and BSJQ is -0.05. 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
CLOZ vs. BSJQ - Performance Comparison
In the year-to-date period, CLOZ achieves a 10.10% return, which is significantly higher than BSJQ's 7.37% 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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CLOZ vs. BSJQ - Expense Ratio Comparison
CLOZ has a 0.50% expense ratio, which is higher than BSJQ's 0.42% expense ratio.
Risk-Adjusted Performance
CLOZ vs. BSJQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram Bbb-B Clo ETF (CLOZ) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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
CLOZ vs. BSJQ - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 9.73%, more than BSJQ's 6.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 9.73% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 6.62% | 6.58% | 5.58% | 4.28% | 4.64% | 5.53% | 2.39% |
Drawdowns
CLOZ vs. BSJQ - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -2.70%, smaller than the maximum BSJQ drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for CLOZ and BSJQ. For additional features, visit the drawdowns tool.
Volatility
CLOZ vs. BSJQ - Volatility Comparison
The current volatility for Panagram Bbb-B Clo ETF (CLOZ) is 0.48%, while Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) has a volatility of 0.69%. This indicates that CLOZ experiences smaller price fluctuations and is considered to be less risky than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.