Correlation
The correlation between MIG 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.
MIG vs. CLOI
Compare and contrast key facts about VanEck Moody's Analytics IG Corporate Bond ETF (MIG) and VanEck CLO ETF (CLOI).
MIG and CLOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MIG is a passively managed fund by VanEck that tracks the performance of the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI). 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: MIG or CLOI.
Performance
MIG vs. CLOI - Performance Comparison
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Key characteristics
MIG:
1.13
CLOI:
1.61
MIG:
1.41
CLOI:
2.03
MIG:
1.17
CLOI:
1.70
MIG:
0.64
CLOI:
2.05
MIG:
2.86
CLOI:
16.55
MIG:
2.01%
CLOI:
0.40%
MIG:
5.99%
CLOI:
4.12%
MIG:
-20.75%
CLOI:
-3.25%
MIG:
-3.00%
CLOI:
-0.02%
Returns By Period
The year-to-date returns for both stocks are quite close, with MIG having a 2.33% return and CLOI slightly lower at 2.25%.
MIG
2.33%
0.41%
0.59%
6.06%
4.03%
N/A
N/A
CLOI
2.25%
0.67%
2.77%
6.56%
N/A
N/A
N/A
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MIG vs. CLOI - Expense Ratio Comparison
MIG has a 0.20% expense ratio, which is lower than CLOI's 0.40% expense ratio.
Risk-Adjusted Performance
MIG vs. CLOI — Risk-Adjusted Performance Rank
MIG
CLOI
MIG vs. CLOI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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
MIG vs. CLOI - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.76%, less than CLOI's 6.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.76% | 4.68% | 4.39% | 3.06% | 2.15% | 0.18% |
CLOI VanEck CLO ETF | 6.32% | 6.71% | 5.62% | 2.23% | 0.00% | 0.00% |
Drawdowns
MIG vs. CLOI - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.75%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for MIG and CLOI.
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Volatility
MIG vs. CLOI - Volatility Comparison
VanEck Moody's Analytics IG Corporate Bond ETF (MIG) has a higher volatility of 1.58% compared to VanEck CLO ETF (CLOI) at 0.59%. This indicates that MIG'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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