CLOZ vs. EIC
CLOZ (Panagram BBB-B CLO ETF) is CLO fund actively managed by Panagram, while EIC (Eagle Point Income Company Inc.) is a stock. Over the past 3 years, CLOZ returned 9.73%/yr vs 5.21%/yr for EIC. At a 0.12 correlation, their price movements are largely independent.
Performance
CLOZ vs. EIC - Performance Comparison
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Returns By Period
In the year-to-date period, CLOZ achieves a 2.78% return, which is significantly higher than EIC's -3.01% return.
CLOZ
- 1D
- -0.15%
- 1M
- 0.19%
- 6M
- 2.32%
- YTD
- 2.78%
- 1Y
- 5.83%
- 3Y*
- 9.73%
- 5Y*
- —
- 10Y*
- —
EIC
- 1D
- -2.44%
- 1M
- -0.42%
- 6M
- -0.47%
- YTD
- -3.01%
- 1Y
- -14.98%
- 3Y*
- 5.21%
- 5Y*
- 3.82%
- 10Y*
- —
CLOZ vs. EIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLOZ Panagram BBB-B CLO ETF | 2.78% | 5.99% | 11.85% | 14.99% |
EIC Eagle Point Income Company Inc. | -3.01% | -15.28% | 24.02% | 13.92% |
Correlation
The correlation between CLOZ and EIC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.12 |
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Return for Risk
CLOZ vs. EIC — Risk / Return Rank
CLOZ
EIC
CLOZ vs. EIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram BBB-B CLO ETF (CLOZ) and Eagle Point Income Company Inc. (EIC). 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 | EIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.89 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | -0.52 | +2.03 |
| Martin ratioReturn relative to average drawdown | 4.98 | -0.93 | +5.91 |
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Drawdowns
CLOZ vs. EIC - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -5.32%, smaller than the maximum EIC drawdown of -67.08%. Use the drawdown chart below to compare losses from any high point for CLOZ and EIC.
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Drawdown Indicators
| CLOZ | EIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -67.08% | +61.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -28.67% | +24.77% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -34.06% | +28.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.06% | — |
Current DrawdownCurrent decline from peak | -0.23% | -23.26% | +23.03% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -12.41% | +12.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 16.17% | -15.00% |
Volatility
CLOZ vs. EIC - Volatility Comparison
The current volatility for Panagram BBB-B CLO ETF (CLOZ) is 0.76%, while Eagle Point Income Company Inc. (EIC) has a volatility of 5.86%. This indicates that CLOZ experiences smaller price fluctuations and is considered to be less risky than EIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOZ | EIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 5.86% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 14.15% | -10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 20.15% | -16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 20.30% | -16.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 37.26% | -33.49% |
Dividends
CLOZ vs. EIC - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 7.33%, less than EIC's 16.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CLOZ Panagram BBB-B CLO ETF | 7.33% | 7.63% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% |
EIC Eagle Point Income Company Inc. | 16.91% | 17.35% | 15.44% | 13.59% | 11.03% | 7.78% | 10.39% | 3.65% |
Frequently Asked Questions
CLOZ and EIC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIC has higher volatility (5.86%) compared to CLOZ (0.76%). In terms of maximum drawdown, CLOZ dropped -5.32% vs EIC's -67.08%.
CLOZ currently has the higher Sharpe Ratio (1.69 vs -0.75), 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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