FDUS vs. CLOZ
FDUS (Fidus Investment Corporation) is a stock, while CLOZ (Panagram BBB-B CLO ETF) is CLO fund actively managed by Panagram. Over the past 3 years, FDUS returned 13.10%/yr vs 9.73%/yr for CLOZ. At a 0.14 correlation, their price movements are largely independent.
Performance
FDUS vs. CLOZ - Performance Comparison
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Returns By Period
In the year-to-date period, FDUS achieves a 10.97% return, which is significantly higher than CLOZ's 2.78% return.
FDUS
- 1D
- -0.49%
- 1M
- 10.54%
- 6M
- 8.61%
- YTD
- 10.97%
- 1Y
- 6.50%
- 3Y*
- 13.10%
- 5Y*
- 16.33%
- 10Y*
- 14.62%
CLOZ
- 1D
- -0.15%
- 1M
- 0.19%
- 6M
- 2.32%
- YTD
- 2.78%
- 1Y
- 5.83%
- 3Y*
- 9.73%
- 5Y*
- —
- 10Y*
- —
FDUS vs. CLOZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDUS Fidus Investment Corporation | 10.97% | 2.08% | 20.55% | 12.90% |
CLOZ Panagram BBB-B CLO ETF | 2.78% | 5.99% | 11.85% | 14.99% |
Correlation
The correlation between FDUS and CLOZ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.14 |
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Return for Risk
FDUS vs. CLOZ — Risk / Return Rank
FDUS
CLOZ
FDUS vs. CLOZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidus Investment Corporation (FDUS) 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.
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.
| FDUS | CLOZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.43 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.50 | -1.11 |
| Martin ratioReturn relative to average drawdown | 0.84 | 4.98 | -4.14 |
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Drawdowns
FDUS vs. CLOZ - Drawdown Comparison
The maximum FDUS drawdown since its inception was -68.76%, which is greater than CLOZ's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for FDUS and CLOZ.
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Drawdown Indicators
| FDUS | CLOZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -5.32% | -63.44% |
Max Drawdown (1Y)Largest decline over 1 year | -16.45% | -3.90% | -12.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -5.32% | -18.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.23% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -0.38% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 1.17% | +6.59% |
Volatility
FDUS vs. CLOZ - Volatility Comparison
Fidus Investment Corporation (FDUS) has a higher volatility of 9.71% compared to Panagram BBB-B CLO ETF (CLOZ) at 0.76%. This indicates that FDUS'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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Volatility by Period
| FDUS | CLOZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.71% | 0.76% | +8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 19.04% | 3.20% | +15.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.84% | 3.47% | +19.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 3.77% | +16.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.68% | 3.77% | +29.91% |
Dividends
FDUS vs. CLOZ - Dividend Comparison
FDUS's dividend yield for the trailing twelve months is around 10.99%, more than CLOZ's 7.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOZ Panagram BBB-B CLO ETF | 7.33% | 7.63% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDUS Fidus Investment Corporation | 10.99% | 11.14% | 11.51% | 14.63% | 10.51% | 8.90% | 10.15% | 10.78% | 13.69% | 10.54% | 10.17% | 11.69% |
Frequently Asked Questions
FDUS and CLOZ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDUS has higher volatility (9.71%) compared to CLOZ (0.76%). In terms of maximum drawdown, FDUS dropped -68.76% vs CLOZ's -5.32%.
CLOZ currently has the higher Sharpe Ratio (1.69 vs 0.29), 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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