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IBHE vs. CLOA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

IBHE vs. CLOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and BlackRock AAA CLO ETF (CLOA). The values are adjusted to include any dividend payments, if applicable.

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%JuneJulyAugustSeptemberOctoberNovember
3.20%
3.15%
IBHE
CLOA

Returns By Period

The year-to-date returns for both stocks are quite close, with IBHE having a 6.63% return and CLOA slightly lower at 6.52%.


IBHE

YTD

6.63%

1M

0.26%

6M

3.11%

1Y

8.63%

5Y (annualized)

4.63%

10Y (annualized)

N/A

CLOA

YTD

6.52%

1M

0.64%

6M

3.28%

1Y

7.70%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


IBHECLOA
Sharpe Ratio3.509.42
Sortino Ratio5.8216.69
Omega Ratio1.774.93
Calmar Ratio13.2726.98
Martin Ratio48.22227.69
Ulcer Index0.18%0.03%
Daily Std Dev2.46%0.83%
Max Drawdown-26.92%-1.34%
Current Drawdown-0.13%0.00%

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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.


IBHE
iShares iBonds 2025 Term High Yield & Income ETF
Expense ratio chart for IBHE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for CLOA: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.0-0.1

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.

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.


Sharpe ratio
The chart of Sharpe ratio for IBHE, currently valued at 3.50, compared to the broader market0.002.004.003.509.42
The chart of Sortino ratio for IBHE, currently valued at 5.82, compared to the broader market-2.000.002.004.006.008.0010.0012.005.8216.69
The chart of Omega ratio for IBHE, currently valued at 1.77, compared to the broader market0.501.001.502.002.503.001.774.93
The chart of Calmar ratio for IBHE, currently valued at 13.27, compared to the broader market0.005.0010.0015.0013.2726.98
The chart of Martin ratio for IBHE, currently valued at 48.22, compared to the broader market0.0020.0040.0060.0080.00100.0048.22227.69
IBHE
CLOA

The current IBHE Sharpe Ratio is 3.50, which is lower than the CLOA Sharpe Ratio of 9.42. The chart below compares the historical Sharpe Ratios of IBHE and CLOA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.004.006.008.0010.00JuneJulyAugustSeptemberOctoberNovember
3.50
9.42
IBHE
CLOA

Dividends

IBHE vs. CLOA - Dividend Comparison

IBHE's dividend yield for the trailing twelve months is around 7.14%, more than CLOA's 6.12% yield.


TTM20232022202120202019
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
6.12%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.


-0.50%-0.40%-0.30%-0.20%-0.10%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.13%
0
IBHE
CLOA

Volatility

IBHE vs. CLOA - Volatility Comparison

iShares iBonds 2025 Term High Yield & Income ETF (IBHE) has a higher volatility of 0.39% compared to BlackRock AAA CLO ETF (CLOA) at 0.29%. 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.


0.10%0.20%0.30%0.40%0.50%0.60%0.70%JuneJulyAugustSeptemberOctoberNovember
0.39%
0.29%
IBHE
CLOA