CLOZ vs. XCCC
Compare and contrast key facts about Panagram Bbb-B Clo ETF (CLOZ) and BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC).
CLOZ and XCCC 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. XCCC is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA CCC and Lower US High Yield Constrained Index. It was launched on May 24, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOZ or XCCC.
Correlation
The correlation between CLOZ and XCCC is 0.06, 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. XCCC - Performance Comparison
Key characteristics
CLOZ:
3.55
XCCC:
1.15
CLOZ:
4.43
XCCC:
1.55
CLOZ:
1.98
XCCC:
1.22
CLOZ:
3.10
XCCC:
1.38
CLOZ:
14.55
XCCC:
6.88
CLOZ:
0.51%
XCCC:
1.03%
CLOZ:
2.08%
XCCC:
6.19%
CLOZ:
-2.70%
XCCC:
-9.97%
CLOZ:
-2.38%
XCCC:
-5.14%
Returns By Period
In the year-to-date period, CLOZ achieves a -0.93% return, which is significantly higher than XCCC's -3.52% return.
CLOZ
-0.93%
-1.64%
2.63%
7.25%
N/A
N/A
XCCC
-3.52%
-4.18%
-1.74%
7.00%
N/A
N/A
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CLOZ vs. XCCC - Expense Ratio Comparison
CLOZ has a 0.50% expense ratio, which is higher than XCCC's 0.40% expense ratio.
Risk-Adjusted Performance
CLOZ vs. XCCC — Risk-Adjusted Performance Rank
CLOZ
XCCC
CLOZ vs. XCCC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram Bbb-B Clo ETF (CLOZ) and BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC). 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. XCCC - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 8.81%, less than XCCC's 11.09% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 8.81% | 9.09% | 8.81% | 0.00% |
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 11.09% | 10.67% | 11.01% | 7.64% |
Drawdowns
CLOZ vs. XCCC - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -2.70%, smaller than the maximum XCCC drawdown of -9.97%. Use the drawdown chart below to compare losses from any high point for CLOZ and XCCC. For additional features, visit the drawdowns tool.
Volatility
CLOZ vs. XCCC - Volatility Comparison
The current volatility for Panagram Bbb-B Clo ETF (CLOZ) is 1.11%, while BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a volatility of 3.16%. This indicates that CLOZ experiences smaller price fluctuations and is considered to be less risky than XCCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.