KORP vs. CLOA
Compare and contrast key facts about American Century Diversified Corporate Bond ETF (KORP) and BlackRock AAA CLO ETF (CLOA).
KORP and CLOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KORP is an actively managed fund by American Century Investments. It was launched on Jan 11, 2018. 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: KORP or CLOA.
Correlation
The correlation between KORP and CLOA is 0.07, 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
KORP vs. CLOA - Performance Comparison
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Key characteristics
KORP:
0.91
CLOA:
3.61
KORP:
1.24
CLOA:
4.85
KORP:
1.15
CLOA:
2.27
KORP:
0.97
CLOA:
5.42
KORP:
2.55
CLOA:
35.21
KORP:
2.03%
CLOA:
0.17%
KORP:
6.16%
CLOA:
1.71%
KORP:
-14.90%
CLOA:
-1.34%
KORP:
-1.71%
CLOA:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with KORP having a 1.98% return and CLOA slightly lower at 1.92%.
KORP
1.98%
0.69%
1.70%
5.53%
3.64%
1.62%
N/A
CLOA
1.92%
1.18%
2.86%
6.13%
N/A
N/A
N/A
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KORP vs. CLOA - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than CLOA's 0.20% expense ratio.
Risk-Adjusted Performance
KORP vs. CLOA — Risk-Adjusted Performance Rank
KORP
CLOA
KORP vs. CLOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) 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.
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Dividends
KORP vs. CLOA - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 5.06%, less than CLOA's 5.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 5.06% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% |
CLOA BlackRock AAA CLO ETF | 5.90% | 6.01% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KORP vs. CLOA - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for KORP and CLOA. For additional features, visit the drawdowns tool.
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Volatility
KORP vs. CLOA - Volatility Comparison
American Century Diversified Corporate Bond ETF (KORP) has a higher volatility of 1.78% compared to BlackRock AAA CLO ETF (CLOA) at 0.43%. This indicates that KORP'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.
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