CLOZ vs. ECCC
CLOZ (Panagram BBB-B CLO ETF) is CLO fund actively managed by Panagram, while ECCC (Eagle Point Credit Company Inc.) is a stock. Over the past 3 years, CLOZ returned 9.93%/yr vs 13.13%/yr for ECCC. At a 0.04 correlation, their price movements are largely independent.
Performance
CLOZ vs. ECCC - Performance Comparison
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Returns By Period
In the year-to-date period, CLOZ achieves a 2.09% return, which is significantly lower than ECCC's 3.89% return.
CLOZ
- 1D
- -0.17%
- 1M
- -0.35%
- YTD
- 2.09%
- 6M
- 2.33%
- 1Y
- 5.19%
- 3Y*
- 9.93%
- 5Y*
- —
- 10Y*
- —
ECCC
- 1D
- -0.34%
- 1M
- 2.10%
- YTD
- 3.89%
- 6M
- 3.93%
- 1Y
- 14.89%
- 3Y*
- 13.13%
- 5Y*
- 6.91%
- 10Y*
- —
CLOZ vs. ECCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLOZ Panagram BBB-B CLO ETF | 2.09% | 5.99% | 11.85% | 14.99% |
ECCC Eagle Point Credit Company Inc. | 3.89% | 16.21% | 14.03% | 5.67% |
Correlation
The correlation between CLOZ and ECCC is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.04 |
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Return for Risk
CLOZ vs. ECCC — Risk / Return Rank
CLOZ
ECCC
CLOZ vs. ECCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram BBB-B CLO ETF (CLOZ) and Eagle Point Credit Company Inc. (ECCC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLOZ | ECCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.48 | -2.15 |
| Martin ratioReturn relative to average drawdown | 4.43 | 9.42 | -4.99 |
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Drawdowns
CLOZ vs. ECCC - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -5.32%, smaller than the maximum ECCC drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for CLOZ and ECCC.
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Drawdown Indicators
| CLOZ | ECCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -19.16% | +13.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -4.29% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -6.88% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.16% | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.34% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -3.69% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.58% | -0.41% |
Volatility
CLOZ vs. ECCC - Volatility Comparison
The current volatility for Panagram BBB-B CLO ETF (CLOZ) is 0.67%, while Eagle Point Credit Company Inc. (ECCC) has a volatility of 3.63%. This indicates that CLOZ experiences smaller price fluctuations and is considered to be less risky than ECCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOZ | ECCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 3.63% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 8.43% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 11.42% | -7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 12.26% | -8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 12.24% | -8.45% |
Dividends
CLOZ vs. ECCC - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 7.42%, more than ECCC's 6.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CLOZ Panagram BBB-B CLO ETF | 7.42% | 7.63% | 9.09% | 8.81% | 0.00% | 0.00% |
ECCC Eagle Point Credit Company Inc. | 6.52% | 6.55% | 7.10% | 7.81% | 7.95% | 3.48% |
Frequently Asked Questions
CLOZ and ECCC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECCC has higher volatility (3.63%) compared to CLOZ (0.67%). In terms of maximum drawdown, CLOZ dropped -5.32% vs ECCC's -19.16%.
CLOZ currently has the higher Sharpe Ratio (1.50 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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