MSB vs. CLOZ
MSB (Mesabi Trust) is a stock, while CLOZ (Eldridge BBB-B CLO ETF) is CLO fund actively managed by Eldridge. Over the past 3 years, MSB returned 17.53%/yr vs 9.07%/yr for CLOZ. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
MSB vs. CLOZ - Performance Comparison
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Returns By Period
In the year-to-date period, MSB achieves a -41.82% return, which is significantly lower than CLOZ's 3.25% return.
MSB
- 1D
- -4.31%
- 1M
- -13.88%
- 6M
- -32.40%
- YTD
- -41.82%
- 1Y
- -22.74%
- 3Y*
- 17.53%
- 5Y*
- 0.99%
- 10Y*
- 20.33%
- ALL TIME*
- 17.57%
CLOZ
- 1D
- -0.02%
- 1M
- 0.23%
- 6M
- 2.09%
- YTD
- 3.25%
- 1Y
- 6.00%
- 3Y*
- 9.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.19M | $11.37M | $8.55M | |
MSB Mesabi Trust | $1.08M | $970.56K | $1.37M |
MSB vs. CLOZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSB Mesabi Trust | -41.82% | 71.88% | 47.05% | 3.34% |
CLOZ Eldridge BBB-B CLO ETF | 3.25% | 5.99% | 11.85% | 14.99% |
Correlation
The correlation between MSB and CLOZ is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.15 |
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Return for Risk
MSB vs. CLOZ — Risk / Return Rank
MSB
CLOZ
MSB vs. CLOZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesabi Trust (MSB) and Eldridge BBB-B CLO ETF (CLOZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSB | CLOZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.41 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.50 | -2.00 |
| Martin ratioReturn relative to average drawdown | -1.01 | 4.99 | -6.00 |
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Drawdowns
MSB vs. CLOZ - Drawdown Comparison
The maximum MSB drawdown since its inception was -92.01%, which is greater than CLOZ's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for MSB and CLOZ.
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Drawdown Indicators
| MSB | CLOZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.01% | -5.32% | -86.69% |
Max Drawdown (1Y)Largest decline over 1 year | -45.80% | -3.90% | -41.90% |
Max Drawdown (3Y)Largest decline over 3 years | -45.80% | -5.32% | -40.48% |
Max Drawdown (5Y)Largest decline over 5 years | -45.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | — | — |
Current DrawdownCurrent decline from peak | -45.54% | -0.02% | -45.52% |
Average DrawdownAverage peak-to-trough decline | -26.78% | -0.37% | -26.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.45% | 1.17% | +21.28% |
Volatility
MSB vs. CLOZ - Volatility Comparison
Mesabi Trust (MSB) has a higher volatility of 11.02% compared to Eldridge BBB-B CLO ETF (CLOZ) at 0.69%. This indicates that MSB's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSB | CLOZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 0.69% | +10.33% |
Volatility (6M)Calculated over the trailing 6-month period | 30.10% | 3.20% | +26.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.88% | 3.50% | +42.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.31% | 3.75% | +45.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.50% | 3.75% | +44.75% |
Dividends
MSB vs. CLOZ - Dividend Comparison
MSB's dividend yield for the trailing twelve months is around 4.05%, less than CLOZ's 7.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOZ Eldridge BBB-B CLO ETF | 7.30% | 7.63% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSB Mesabi Trust | 4.05% | 18.09% | 4.80% | 1.71% | 20.14% | 10.83% | 5.95% | 14.27% | 11.78% | 5.92% | 5.14% | 15.04% |
Frequently Asked Questions
MSB and CLOZ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSB has higher volatility (11.02%) compared to CLOZ (0.69%). In terms of maximum drawdown, MSB dropped -92.01% vs CLOZ's -5.32%.
CLOZ currently has the higher Sharpe Ratio (1.68 vs -0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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