CLOZ vs. FEQIX
Compare and contrast key facts about Panagram Bbb-B Clo ETF (CLOZ) and Fidelity Equity-Income Fund (FEQIX).
CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023. FEQIX is managed by Fidelity. It was launched on May 16, 1966.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOZ or FEQIX.
Key characteristics
| CLOZ | FEQIX | |
|---|---|---|
| YTD Return | 10.26% | 20.25% |
| 1Y Return | 13.87% | 28.74% |
| Sharpe Ratio | 6.36 | 2.77 |
| Sortino Ratio | 9.41 | 3.82 |
| Omega Ratio | 3.23 | 1.51 |
| Calmar Ratio | 10.10 | 2.25 |
| Martin Ratio | 61.35 | 20.02 |
| Ulcer Index | 0.23% | 1.39% |
| Daily Std Dev | 2.20% | 10.06% |
| Max Drawdown | -2.70% | -62.07% |
| Current Drawdown | 0.00% | -0.25% |
Correlation
The correlation between CLOZ and FEQIX is 0.07, 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. FEQIX - Performance Comparison
In the year-to-date period, CLOZ achieves a 10.26% return, which is significantly lower than FEQIX's 20.25% 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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CLOZ vs. FEQIX - Expense Ratio Comparison
CLOZ has a 0.50% expense ratio, which is lower than FEQIX's 0.57% expense ratio.
Risk-Adjusted Performance
CLOZ vs. FEQIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram Bbb-B Clo ETF (CLOZ) and Fidelity Equity-Income Fund (FEQIX). 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. FEQIX - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 9.72%, more than FEQIX's 1.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 9.72% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEQIX Fidelity Equity-Income Fund | 1.54% | 1.78% | 1.93% | 1.55% | 1.50% | 1.82% | 2.73% | 2.03% | 2.37% | 7.35% | 8.14% | 2.18% |
Drawdowns
CLOZ vs. FEQIX - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -2.70%, smaller than the maximum FEQIX drawdown of -62.07%. Use the drawdown chart below to compare losses from any high point for CLOZ and FEQIX. For additional features, visit the drawdowns tool.
Volatility
CLOZ vs. FEQIX - Volatility Comparison
The current volatility for Panagram Bbb-B Clo ETF (CLOZ) is 0.48%, while Fidelity Equity-Income Fund (FEQIX) has a volatility of 3.35%. This indicates that CLOZ experiences smaller price fluctuations and is considered to be less risky than FEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.