MSB vs. CLOZ
Compare and contrast key facts about Mesabi Trust (MSB) and Panagram Bbb-B Clo ETF (CLOZ).
CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSB or CLOZ.
Correlation
The correlation between MSB and CLOZ 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.
Performance
MSB vs. CLOZ - Performance Comparison
Key characteristics
MSB:
1.66
CLOZ:
6.81
MSB:
2.73
CLOZ:
9.57
MSB:
1.33
CLOZ:
3.65
MSB:
1.48
CLOZ:
8.46
MSB:
9.30
CLOZ:
54.07
MSB:
7.62%
CLOZ:
0.22%
MSB:
42.75%
CLOZ:
1.73%
MSB:
-92.01%
CLOZ:
-2.70%
MSB:
-11.72%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, MSB achieves a 9.17% return, which is significantly higher than CLOZ's 1.29% return.
MSB
9.17%
15.15%
83.10%
75.35%
16.76%
14.22%
CLOZ
1.29%
1.03%
6.81%
11.72%
N/A
N/A
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Risk-Adjusted Performance
MSB vs. CLOZ — Risk-Adjusted Performance Rank
MSB
CLOZ
MSB vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesabi Trust (MSB) and Panagram 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.
Dividends
MSB vs. CLOZ - Dividend Comparison
MSB's dividend yield for the trailing twelve months is around 27.40%, more than CLOZ's 8.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSB Mesabi Trust | 27.40% | 4.80% | 1.71% | 20.14% | 10.83% | 5.95% | 14.27% | 11.78% | 5.92% | 5.14% | 15.04% | 10.24% |
CLOZ Panagram Bbb-B Clo ETF | 8.79% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 -2.70%. Use the drawdown chart below to compare losses from any high point for MSB and CLOZ. For additional features, visit the drawdowns tool.
Volatility
MSB vs. CLOZ - Volatility Comparison
Mesabi Trust (MSB) has a higher volatility of 17.18% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.23%. 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.