CLOZ vs. SVOL
Compare and contrast key facts about Panagram Bbb-B Clo ETF (CLOZ) and Simplify Volatility Premium ETF (SVOL).
CLOZ and SVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOZ or SVOL.
Performance
CLOZ vs. SVOL - Performance Comparison
Returns By Period
In the year-to-date period, CLOZ achieves a 10.71% return, which is significantly higher than SVOL's 9.36% return.
CLOZ
10.71%
1.75%
5.10%
13.21%
N/A
N/A
SVOL
9.36%
3.03%
2.86%
11.53%
N/A
N/A
Key characteristics
| CLOZ | SVOL | |
|---|---|---|
| Sharpe Ratio | 6.26 | 0.96 |
| Sortino Ratio | 9.03 | 1.31 |
| Omega Ratio | 3.19 | 1.24 |
| Calmar Ratio | 9.53 | 1.06 |
| Martin Ratio | 57.98 | 6.88 |
| Ulcer Index | 0.23% | 1.68% |
| Daily Std Dev | 2.11% | 12.01% |
| Max Drawdown | -2.70% | -15.68% |
| Current Drawdown | 0.00% | -0.46% |
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CLOZ vs. SVOL - Expense Ratio Comparison
Both CLOZ and SVOL have an expense ratio of 0.50%.
Correlation
The correlation between CLOZ and SVOL is 0.13, 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.
Risk-Adjusted Performance
CLOZ vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram Bbb-B Clo ETF (CLOZ) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 8.98%, less than SVOL's 16.34% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 8.98% | 8.81% | 0.00% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.34% | 16.37% | 18.31% | 4.65% |
Drawdowns
CLOZ vs. SVOL - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -2.70%, smaller than the maximum SVOL drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for CLOZ and SVOL. For additional features, visit the drawdowns tool.
Volatility
CLOZ vs. SVOL - Volatility Comparison
The current volatility for Panagram Bbb-B Clo ETF (CLOZ) is 0.51%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.23%. This indicates that CLOZ experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.