CLOZ vs. USFR
Compare and contrast key facts about Panagram Bbb-B Clo ETF (CLOZ) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
CLOZ and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOZ or USFR.
Key characteristics
| CLOZ | USFR | |
|---|---|---|
| YTD Return | 10.10% | 4.63% |
| 1Y Return | 13.83% | 5.30% |
| Sharpe Ratio | 6.34 | 14.72 |
| Sortino Ratio | 9.39 | 52.92 |
| Omega Ratio | 3.22 | 12.62 |
| Calmar Ratio | 10.07 | 88.93 |
| Martin Ratio | 61.19 | 723.97 |
| Ulcer Index | 0.23% | 0.01% |
| Daily Std Dev | 2.20% | 0.36% |
| Max Drawdown | -2.70% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CLOZ and USFR is 0.02, 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. USFR - Performance Comparison
In the year-to-date period, CLOZ achieves a 10.10% return, which is significantly higher than USFR's 4.63% 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. USFR - Expense Ratio Comparison
CLOZ has a 0.50% expense ratio, which is higher than USFR's 0.15% expense ratio.
Risk-Adjusted Performance
CLOZ vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram Bbb-B Clo ETF (CLOZ) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 9.73%, more than USFR's 5.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 9.73% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.31% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% |
Drawdowns
CLOZ vs. USFR - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -2.70%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for CLOZ and USFR. For additional features, visit the drawdowns tool.
Volatility
CLOZ vs. USFR - Volatility Comparison
Panagram Bbb-B Clo ETF (CLOZ) has a higher volatility of 0.48% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that CLOZ's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.