IBHE vs. CLOA
Compare and contrast key facts about iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and BlackRock AAA CLO ETF (CLOA).
IBHE and CLOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019. CLOA is an actively managed fund by Blackrock. It was launched on Jan 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHE or CLOA.
Key characteristics
| IBHE | CLOA | |
|---|---|---|
| YTD Return | 6.63% | 6.19% |
| 1Y Return | 8.68% | 7.81% |
| Sharpe Ratio | 3.34 | 9.65 |
| Sortino Ratio | 5.45 | 17.25 |
| Omega Ratio | 1.76 | 5.11 |
| Calmar Ratio | 12.55 | 27.43 |
| Martin Ratio | 48.45 | 237.97 |
| Ulcer Index | 0.19% | 0.03% |
| Daily Std Dev | 2.78% | 0.82% |
| Max Drawdown | -26.92% | -1.34% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IBHE and CLOA is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
IBHE vs. CLOA - Performance Comparison
In the year-to-date period, IBHE achieves a 6.63% return, which is significantly higher than CLOA's 6.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBHE vs. CLOA - Expense Ratio Comparison
IBHE has a 0.35% expense ratio, which is higher than CLOA's 0.20% expense ratio.
Risk-Adjusted Performance
IBHE vs. CLOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and BlackRock AAA CLO ETF (CLOA). 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
IBHE vs. CLOA - Dividend Comparison
IBHE's dividend yield for the trailing twelve months is around 7.14%, more than CLOA's 6.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 7.14% | 7.16% | 5.78% | 4.84% | 5.73% | 3.72% |
CLOA BlackRock AAA CLO ETF | 6.14% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBHE vs. CLOA - Drawdown Comparison
The maximum IBHE drawdown since its inception was -26.92%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for IBHE and CLOA. For additional features, visit the drawdowns tool.
Volatility
IBHE vs. CLOA - Volatility Comparison
iShares iBonds 2025 Term High Yield & Income ETF (IBHE) has a higher volatility of 0.36% compared to BlackRock AAA CLO ETF (CLOA) at 0.21%. This indicates that IBHE's price experiences larger fluctuations and is considered to be riskier than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.