CLOZ vs. XCCC
CLOZ (Eldridge BBB-B CLO ETF) and XCCC (BondBloxx CCC Rated USD High Yield Corporate Bond ETF) are both exchange-traded funds - CLOZ is a CLO fund actively managed by Eldridge, while XCCC is a High Yield Bonds fund tracking the ICE BofA CCC and Lower US High Yield Constrained Index. CLOZ is actively managed, while XCCC is passively managed. Over the past 3 years, CLOZ returned 9.07%/yr vs 9.01%/yr for XCCC. Their 0.17 correlation means their historical movements had little consistent relationship. CLOZ charges 0.50%/yr vs 0.40%/yr for XCCC.
Performance
CLOZ vs. XCCC - Performance Comparison
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Returns By Period
In the year-to-date period, CLOZ achieves a 3.25% return, which is significantly higher than XCCC's -0.64% return.
CLOZ
- 1D
- -0.02%
- 1M
- 0.23%
- 6M
- 2.09%
- YTD
- 3.25%
- 1Y
- 6.00%
- 3Y*
- 9.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.21%
XCCC
- 1D
- 0.01%
- 1M
- -0.95%
- 6M
- -0.60%
- YTD
- -0.64%
- 1Y
- 2.61%
- 3Y*
- 9.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.19M | $11.37M | $8.55M | |
| $9.10M | $5.53M | $9.85M |
CLOZ vs. XCCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLOZ Eldridge BBB-B CLO ETF | 3.25% | 5.99% | 11.85% | 14.99% |
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | -0.64% | 7.25% | 13.01% | 14.50% |
Correlation
The correlation between CLOZ and XCCC is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.17 |
The correlation between CLOZ and XCCC shifts across timeframes, from 0.17 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CLOZ vs. XCCC — Risk / Return Rank
CLOZ
XCCC
CLOZ vs. XCCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eldridge 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLOZ | XCCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.07 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.42 | +1.08 |
| Martin ratioReturn relative to average drawdown | 4.99 | 1.36 | +3.63 |
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Drawdowns
CLOZ vs. XCCC - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -5.32%, smaller than the maximum XCCC drawdown of -10.99%. Use the drawdown chart below to compare losses from any high point for CLOZ and XCCC.
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Drawdown Indicators
| CLOZ | XCCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -10.99% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -5.11% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -10.99% | +5.67% |
Current DrawdownCurrent decline from peak | -0.02% | -1.64% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -1.89% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.59% | -0.42% |
Volatility
CLOZ vs. XCCC - Volatility Comparison
The current volatility for Eldridge BBB-B CLO ETF (CLOZ) is 0.69%, while BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a volatility of 1.20%. 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.
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Volatility by Period
| CLOZ | XCCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 1.20% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 4.14% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 5.32% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.75% | 8.69% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 8.69% | -4.94% |
CLOZ vs. XCCC - Expense Ratio Comparison
CLOZ has a 0.50% expense ratio, which is higher than XCCC's 0.40% expense ratio.
Dividends
CLOZ vs. XCCC - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 7.30%, less than XCCC's 10.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CLOZ Eldridge BBB-B CLO ETF | 7.30% | 7.63% | 9.09% | 8.81% | 0.00% |
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 9.17% | 10.06% | 10.68% | 12.05% | 7.63% |
Frequently Asked Questions
CLOZ and XCCC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XCCC has higher volatility (1.20%) compared to CLOZ (0.69%). In terms of maximum drawdown, CLOZ dropped -5.32% vs XCCC's -10.99%.
On 3-year performance, CLOZ leads with 9.07% vs 9.01% for XCCC. On fees, XCCC is cheaper at 0.40% per year. On volatility, CLOZ has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CLOZ has performed better with a 9.07% return vs 9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XCCC is cheaper with a 0.40% expense ratio, compared with 0.50% for CLOZ.
XCCC has the higher dividend yield at 9.17%, compared with 7.30% for CLOZ.
CLOZ is categorized as CLO, while XCCC is High Yield Bonds. They also come from different issuers: Eldridge and BondBloxx. Their fees differ too: 0.50% for CLOZ and 0.40% for XCCC.
CLOZ currently has the higher Sharpe Ratio (1.68 vs 0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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