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 9.93%/yr vs 6.55%/yr for EIC. At a 0.13 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 2.09% return, which is significantly higher than EIC's -4.14% return.
CLOZ
- 1D
- -0.17%
- 1M
- -0.35%
- YTD
- 2.09%
- 6M
- 2.33%
- 1Y
- 5.19%
- 3Y*
- 9.93%
- 5Y*
- —
- 10Y*
- —
EIC
- 1D
- 1.11%
- 1M
- -2.77%
- YTD
- -4.14%
- 6M
- -4.56%
- 1Y
- -12.70%
- 3Y*
- 6.55%
- 5Y*
- 4.46%
- 10Y*
- —
CLOZ vs. EIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLOZ Panagram BBB-B CLO ETF | 2.09% | 5.99% | 11.85% | 14.99% |
EIC Eagle Point Income Company Inc. | -4.14% | -15.28% | 24.02% | 13.92% |
Correlation
The correlation between CLOZ and EIC is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
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 | 0.13 |
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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 | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.90 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | -0.44 | +1.78 |
| Martin ratioReturn relative to average drawdown | 4.43 | -0.81 | +5.24 |
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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 | -0.55% | -24.15% | +23.60% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -12.33% | +11.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 15.77% | -14.60% |
Volatility
CLOZ vs. EIC - Volatility Comparison
The current volatility for Panagram BBB-B CLO ETF (CLOZ) is 0.67%, while Eagle Point Income Company Inc. (EIC) has a volatility of 4.88%. 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 | 0.67% | 4.88% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 14.24% | -11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 19.95% | -16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 20.28% | -16.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 37.37% | -33.58% |
Dividends
CLOZ vs. EIC - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 7.42%, less than EIC's 17.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CLOZ Panagram BBB-B CLO ETF | 7.42% | 7.63% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% |
EIC Eagle Point Income Company Inc. | 17.13% | 17.35% | 15.44% | 13.59% | 11.03% | 7.78% | 10.39% | 3.65% |
Frequently Asked Questions
CLOZ and EIC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIC has higher volatility (4.88%) compared to CLOZ (0.67%). In terms of maximum drawdown, CLOZ dropped -5.32% vs EIC's -67.08%.
CLOZ currently has the higher Sharpe Ratio (1.50 vs -0.64), 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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