ECCX vs. CLOZ
Compare and contrast key facts about Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) and Panagram Bbb-B Clo ETF (CLOZ).
CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECCX or CLOZ.
Correlation
The correlation between ECCX and CLOZ is 0.16, 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
ECCX vs. CLOZ - Performance Comparison
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Key characteristics
ECCX:
1.11
CLOZ:
1.59
ECCX:
1.76
CLOZ:
2.15
ECCX:
1.22
CLOZ:
1.58
ECCX:
2.07
CLOZ:
1.46
ECCX:
7.91
CLOZ:
6.92
ECCX:
1.10%
CLOZ:
1.13%
ECCX:
7.62%
CLOZ:
4.82%
ECCX:
-37.68%
CLOZ:
-5.33%
ECCX:
-2.50%
CLOZ:
-0.77%
Returns By Period
In the year-to-date period, ECCX achieves a 2.86% return, which is significantly higher than CLOZ's 0.70% return.
ECCX
2.86%
1.74%
2.85%
8.55%
8.90%
N/A
CLOZ
0.70%
3.67%
2.14%
7.57%
N/A
N/A
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Risk-Adjusted Performance
ECCX vs. CLOZ — Risk-Adjusted Performance Rank
ECCX
CLOZ
ECCX vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) and Panagram Bbb-B Clo ETF (CLOZ). 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.
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Dividends
ECCX vs. CLOZ - Dividend Comparison
ECCX's dividend yield for the trailing twelve months is around 6.80%, less than CLOZ's 8.65% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|---|---|---|
ECCX Eagle Point Credit Company Inc. 6.6875% NT 28 | 6.80% | 6.87% | 6.95% | 6.92% | 6.60% | 6.69% | 6.50% | 4.76% |
CLOZ Panagram Bbb-B Clo ETF | 8.65% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ECCX vs. CLOZ - Drawdown Comparison
The maximum ECCX drawdown since its inception was -37.68%, which is greater than CLOZ's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for ECCX and CLOZ. For additional features, visit the drawdowns tool.
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Volatility
ECCX vs. CLOZ - Volatility Comparison
Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) has a higher volatility of 3.08% compared to Panagram Bbb-B Clo ETF (CLOZ) at 2.54%. This indicates that ECCX's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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