CLOZ vs. ECCC
Compare and contrast key facts about Panagram Bbb-B Clo ETF (CLOZ) and Eagle Point Credit Company Inc. (ECCC).
CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOZ or ECCC.
Key characteristics
| CLOZ | ECCC | |
|---|---|---|
| YTD Return | 10.10% | 15.83% |
| 1Y Return | 13.83% | 21.20% |
| Sharpe Ratio | 6.34 | 3.01 |
| Sortino Ratio | 9.39 | 4.55 |
| Omega Ratio | 3.22 | 1.63 |
| Calmar Ratio | 10.07 | 2.69 |
| Martin Ratio | 61.19 | 23.68 |
| Ulcer Index | 0.23% | 0.90% |
| Daily Std Dev | 2.20% | 7.09% |
| Max Drawdown | -2.70% | -19.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CLOZ and ECCC is 0.02, 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. ECCC - Performance Comparison
In the year-to-date period, CLOZ achieves a 10.10% return, which is significantly lower than ECCC's 15.83% 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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Risk-Adjusted Performance
CLOZ vs. ECCC - Risk-Adjusted Performance 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.
Dividends
CLOZ vs. ECCC - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 9.73%, more than ECCC's 6.88% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 9.73% | 8.81% | 0.00% | 0.00% |
ECCC Eagle Point Credit Company Inc. | 6.88% | 7.51% | 7.93% | 3.47% |
Drawdowns
CLOZ vs. ECCC - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -2.70%, smaller than the maximum ECCC drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for CLOZ and ECCC. For additional features, visit the drawdowns tool.
Volatility
CLOZ vs. ECCC - Volatility Comparison
The current volatility for Panagram Bbb-B Clo ETF (CLOZ) is 0.48%, while Eagle Point Credit Company Inc. (ECCC) has a volatility of 2.73%. 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.