FLDZ vs. CLOZ
Compare and contrast key facts about RiverNorth Patriot ETF (FLDZ) and Panagram Bbb-B Clo ETF (CLOZ).
FLDZ and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLDZ is an actively managed fund by RiverNorth. It was launched on Feb 28, 2022. 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: FLDZ or CLOZ.
Correlation
The correlation between FLDZ and CLOZ 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
FLDZ vs. CLOZ - Performance Comparison
Key characteristics
FLDZ:
1.83
CLOZ:
6.85
FLDZ:
2.63
CLOZ:
9.60
FLDZ:
1.32
CLOZ:
3.69
FLDZ:
2.76
CLOZ:
8.48
FLDZ:
7.57
CLOZ:
54.24
FLDZ:
3.16%
CLOZ:
0.22%
FLDZ:
13.07%
CLOZ:
1.72%
FLDZ:
-19.54%
CLOZ:
-2.70%
FLDZ:
-2.93%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, FLDZ achieves a 5.49% return, which is significantly higher than CLOZ's 1.40% return.
FLDZ
5.49%
1.22%
10.33%
20.55%
N/A
N/A
CLOZ
1.40%
0.84%
6.35%
11.68%
N/A
N/A
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FLDZ vs. CLOZ - Expense Ratio Comparison
FLDZ has a 0.77% expense ratio, which is higher than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
FLDZ vs. CLOZ — Risk-Adjusted Performance Rank
FLDZ
CLOZ
FLDZ vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Patriot ETF (FLDZ) 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.
Dividends
FLDZ vs. CLOZ - Dividend Comparison
FLDZ's dividend yield for the trailing twelve months is around 1.11%, less than CLOZ's 8.78% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FLDZ RiverNorth Patriot ETF | 1.11% | 1.17% | 1.39% | 1.52% |
CLOZ Panagram Bbb-B Clo ETF | 8.78% | 9.09% | 8.81% | 0.00% |
Drawdowns
FLDZ vs. CLOZ - Drawdown Comparison
The maximum FLDZ drawdown since its inception was -19.54%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for FLDZ and CLOZ. For additional features, visit the drawdowns tool.
Volatility
FLDZ vs. CLOZ - Volatility Comparison
RiverNorth Patriot ETF (FLDZ) has a higher volatility of 3.12% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.22%. This indicates that FLDZ'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.