HFXI vs. CLOO
HFXI (IQ 50 Percent Hedged FTSE International ETF) and CLOO (NYLI Investment Grade CLO ETF) are both exchange-traded funds - HFXI is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America 50% Hedged to USD Index, while CLOO is a CLO fund actively managed by New York Life. HFXI is passively managed, while CLOO is actively managed. Their -0.00 correlation means they have often moved in opposite directions in the past. HFXI charges 0.20%/yr vs 0.25%/yr for CLOO.
Performance
HFXI vs. CLOO - Performance Comparison
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Returns By Period
HFXI
- 1D
- 1.66%
- 1M
- 0.90%
- 6M
- 10.65%
- YTD
- 18.05%
- 1Y
- 33.38%
- 3Y*
- 20.51%
- 5Y*
- 12.20%
- 10Y*
- 11.37%
- ALL TIME*
- 9.46%
CLOO
- 1D
- 0.02%
- 1M
- 0.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27K | $234.70K | $339.78K | |
| $11.44M | $12.76M | $11.27M |
HFXI vs. CLOO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 5.90% |
CLOO NYLI Investment Grade CLO ETF | 1.34% |
Correlation
The correlation between HFXI and CLOO is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 6, 2026 | -0.00 |
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Return for Risk
HFXI vs. CLOO — Risk / Return Rank
HFXI
CLOO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HFXI vs. CLOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) and NYLI Investment Grade CLO ETF (CLOO). 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.
| HFXI | CLOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | — | — |
| Martin ratioReturn relative to average drawdown | 11.30 | — | — |
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Drawdowns
HFXI vs. CLOO - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, which is greater than CLOO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for HFXI and CLOO.
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Drawdown Indicators
| HFXI | CLOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.42% | -0.04% | -32.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | 0.00% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -5.41% | 0.00% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | — | — |
Volatility
HFXI vs. CLOO - Volatility Comparison
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Volatility by Period
| HFXI | CLOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.61% | 0.46% | +16.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 0.46% | +14.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 0.46% | +16.15% |
HFXI vs. CLOO - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is lower than CLOO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HFXI vs. CLOO - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 3.28%, more than CLOO's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOO NYLI Investment Grade CLO ETF | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HFXI IQ 50 Percent Hedged FTSE International ETF | 3.28% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
Frequently Asked Questions
HFXI and CLOO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HFXI is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HFXI is cheaper with a 0.20% expense ratio, compared with 0.25% for CLOO.
HFXI has the higher dividend yield at 3.28%, compared with 0.99% for CLOO.
HFXI is categorized as Foreign Large Cap Equities, while CLOO is CLO. Their fees differ too: 0.20% for HFXI and 0.25% for CLOO.
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