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CLOZ vs. TFLR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CLOZ and TFLR is 0.15, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

CLOZ vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Panagram Bbb-B Clo ETF (CLOZ) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
27.77%
19.17%
CLOZ
TFLR

Key characteristics

Sharpe Ratio

CLOZ:

1.50

TFLR:

1.03

Sortino Ratio

CLOZ:

1.97

TFLR:

1.41

Omega Ratio

CLOZ:

1.57

TFLR:

1.34

Calmar Ratio

CLOZ:

1.30

TFLR:

1.38

Martin Ratio

CLOZ:

6.37

TFLR:

9.02

Ulcer Index

CLOZ:

1.08%

TFLR:

0.65%

Daily Std Dev

CLOZ:

4.61%

TFLR:

5.71%

Max Drawdown

CLOZ:

-5.33%

TFLR:

-4.23%

Current Drawdown

CLOZ:

-2.05%

TFLR:

-0.75%

Returns By Period

In the year-to-date period, CLOZ achieves a -0.60% return, which is significantly lower than TFLR's -0.19% return.


CLOZ

YTD

-0.60%

1M

-0.15%

6M

2.17%

1Y

6.91%

5Y*

N/A

10Y*

N/A

TFLR

YTD

-0.19%

1M

-0.30%

6M

1.48%

1Y

5.66%

5Y*

N/A

10Y*

N/A

*Annualized

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CLOZ vs. TFLR - Expense Ratio Comparison

CLOZ has a 0.50% expense ratio, which is lower than TFLR's 0.60% expense ratio.


Expense ratio chart for TFLR: current value is 0.60%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TFLR: 0.60%
Expense ratio chart for CLOZ: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CLOZ: 0.50%

Risk-Adjusted Performance

CLOZ vs. TFLR — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOZ
The Risk-Adjusted Performance Rank of CLOZ is 9090
Overall Rank
The Sharpe Ratio Rank of CLOZ is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of CLOZ is 8989
Sortino Ratio Rank
The Omega Ratio Rank of CLOZ is 9797
Omega Ratio Rank
The Calmar Ratio Rank of CLOZ is 8888
Calmar Ratio Rank
The Martin Ratio Rank of CLOZ is 8888
Martin Ratio Rank

TFLR
The Risk-Adjusted Performance Rank of TFLR is 8787
Overall Rank
The Sharpe Ratio Rank of TFLR is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of TFLR is 7979
Sortino Ratio Rank
The Omega Ratio Rank of TFLR is 9292
Omega Ratio Rank
The Calmar Ratio Rank of TFLR is 8888
Calmar Ratio Rank
The Martin Ratio Rank of TFLR is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CLOZ vs. TFLR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Panagram Bbb-B Clo ETF (CLOZ) and T. Rowe Price Floating Rate ETF (TFLR). 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.


The chart of Sharpe ratio for CLOZ, currently valued at 1.50, compared to the broader market-1.000.001.002.003.004.00
CLOZ: 1.50
TFLR: 1.03
The chart of Sortino ratio for CLOZ, currently valued at 1.97, compared to the broader market-2.000.002.004.006.008.00
CLOZ: 1.97
TFLR: 1.41
The chart of Omega ratio for CLOZ, currently valued at 1.57, compared to the broader market0.501.001.502.002.50
CLOZ: 1.57
TFLR: 1.34
The chart of Calmar ratio for CLOZ, currently valued at 1.30, compared to the broader market0.002.004.006.008.0010.0012.00
CLOZ: 1.30
TFLR: 1.38
The chart of Martin ratio for CLOZ, currently valued at 6.37, compared to the broader market0.0020.0040.0060.00
CLOZ: 6.37
TFLR: 9.02

The current CLOZ Sharpe Ratio is 1.50, which is higher than the TFLR Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of CLOZ and TFLR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.007.00NovemberDecember2025FebruaryMarchApril
1.50
1.03
CLOZ
TFLR

Dividends

CLOZ vs. TFLR - Dividend Comparison

CLOZ's dividend yield for the trailing twelve months is around 8.77%, more than TFLR's 6.65% yield.


TTM202420232022
CLOZ
Panagram Bbb-B Clo ETF
8.77%9.09%8.81%0.00%
TFLR
T. Rowe Price Floating Rate ETF
6.65%8.18%7.76%0.58%

Drawdowns

CLOZ vs. TFLR - Drawdown Comparison

The maximum CLOZ drawdown since its inception was -5.33%, which is greater than TFLR's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for CLOZ and TFLR. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.05%
-0.75%
CLOZ
TFLR

Volatility

CLOZ vs. TFLR - Volatility Comparison

The current volatility for Panagram Bbb-B Clo ETF (CLOZ) is 4.30%, while T. Rowe Price Floating Rate ETF (TFLR) has a volatility of 5.26%. This indicates that CLOZ experiences smaller price fluctuations and is considered to be less risky than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
4.30%
5.26%
CLOZ
TFLR