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.
Correlation
The correlation between CLOZ and BSJQ is 0.15, 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
CLOZ vs. BSJQ - Performance Comparison
Key characteristics
CLOZ:
1.42
BSJQ:
2.03
CLOZ:
1.86
BSJQ:
2.88
CLOZ:
1.52
BSJQ:
1.48
CLOZ:
1.23
BSJQ:
2.81
CLOZ:
5.98
BSJQ:
17.83
CLOZ:
1.09%
BSJQ:
0.42%
CLOZ:
4.62%
BSJQ:
3.68%
CLOZ:
-5.33%
BSJQ:
-24.15%
CLOZ:
-2.35%
BSJQ:
0.00%
Returns By Period
In the year-to-date period, CLOZ achieves a -0.90% return, which is significantly lower than BSJQ's 1.68% return.
CLOZ
-0.90%
-0.59%
1.82%
6.60%
N/A
N/A
BSJQ
1.68%
0.42%
2.60%
7.81%
6.35%
N/A
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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 Rank
CLOZ
BSJQ
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 8.80%, more than BSJQ's 6.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 8.80% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 6.53% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 5.53% | 2.39% |
Drawdowns
CLOZ vs. BSJQ - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -5.33%, 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
Panagram Bbb-B Clo ETF (CLOZ) has a higher volatility of 4.31% compared to Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) at 2.87%. This indicates that CLOZ's price experiences larger fluctuations and is considered to be riskier than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.