Correlation
The correlation between MBBB and CLOI is 0.08, 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.
MBBB vs. CLOI
Compare and contrast key facts about VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) and VanEck CLO ETF (CLOI).
MBBB and CLOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBBB is a passively managed fund by VanEck that tracks the performance of the MVIS Moody's Analytics US BBB Corporate Bond Index. It was launched on Dec 1, 2020. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBBB or CLOI.
Performance
MBBB vs. CLOI - Performance Comparison
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Key characteristics
MBBB:
1.22
CLOI:
1.61
MBBB:
1.75
CLOI:
2.03
MBBB:
1.22
CLOI:
1.70
MBBB:
0.77
CLOI:
2.05
MBBB:
4.36
CLOI:
16.55
MBBB:
1.63%
CLOI:
0.40%
MBBB:
5.80%
CLOI:
4.12%
MBBB:
-21.73%
CLOI:
-3.25%
MBBB:
-2.39%
CLOI:
-0.02%
Returns By Period
In the year-to-date period, MBBB achieves a 2.61% return, which is significantly higher than CLOI's 2.25% return.
MBBB
2.61%
0.23%
0.75%
7.03%
4.15%
N/A
N/A
CLOI
2.25%
0.73%
2.77%
6.58%
N/A
N/A
N/A
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MBBB vs. CLOI - Expense Ratio Comparison
MBBB has a 0.25% expense ratio, which is lower than CLOI's 0.40% expense ratio.
Risk-Adjusted Performance
MBBB vs. CLOI — Risk-Adjusted Performance Rank
MBBB
CLOI
MBBB vs. CLOI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) and VanEck CLO ETF (CLOI). 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
MBBB vs. CLOI - Dividend Comparison
MBBB's dividend yield for the trailing twelve months is around 5.02%, less than CLOI's 6.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
MBBB VanEck Moody's Analytics BBB Corporate Bond ETF | 5.02% | 4.93% | 4.52% | 3.23% | 2.29% | 0.19% |
CLOI VanEck CLO ETF | 6.32% | 6.71% | 5.62% | 2.23% | 0.00% | 0.00% |
Drawdowns
MBBB vs. CLOI - Drawdown Comparison
The maximum MBBB drawdown since its inception was -21.73%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for MBBB and CLOI.
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Volatility
MBBB vs. CLOI - Volatility Comparison
VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) has a higher volatility of 1.58% compared to VanEck CLO ETF (CLOI) at 0.59%. This indicates that MBBB's price experiences larger fluctuations and is considered to be riskier than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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