OCTD vs. CLOZ
Compare and contrast key facts about Innovator Premium Income 10 Barrier ETF - October (OCTD) and Panagram Bbb-B Clo ETF (CLOZ).
OCTD and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTD is an actively managed fund by Innovator. It was launched on Sep 29, 2023. 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: OCTD or CLOZ.
Correlation
The correlation between OCTD 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
OCTD vs. CLOZ - Performance Comparison
Key characteristics
OCTD:
2.82
CLOZ:
6.85
OCTD:
4.15
CLOZ:
9.60
OCTD:
1.79
CLOZ:
3.69
OCTD:
6.25
CLOZ:
8.48
OCTD:
34.35
CLOZ:
54.23
OCTD:
0.22%
CLOZ:
0.22%
OCTD:
2.63%
CLOZ:
1.72%
OCTD:
-1.87%
CLOZ:
-2.70%
OCTD:
0.00%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, OCTD achieves a 1.65% return, which is significantly higher than CLOZ's 1.48% return.
OCTD
1.65%
0.97%
4.22%
7.39%
N/A
N/A
CLOZ
1.48%
0.92%
6.05%
11.67%
N/A
N/A
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OCTD vs. CLOZ - Expense Ratio Comparison
OCTD has a 0.79% expense ratio, which is higher than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
OCTD vs. CLOZ — Risk-Adjusted Performance Rank
OCTD
CLOZ
OCTD vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 10 Barrier ETF - October (OCTD) 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
OCTD vs. CLOZ - Dividend Comparison
OCTD's dividend yield for the trailing twelve months is around 8.59%, less than CLOZ's 8.78% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
OCTD Innovator Premium Income 10 Barrier ETF - October | 8.59% | 8.73% | 2.24% |
CLOZ Panagram Bbb-B Clo ETF | 8.78% | 9.09% | 8.81% |
Drawdowns
OCTD vs. CLOZ - Drawdown Comparison
The maximum OCTD drawdown since its inception was -1.87%, smaller than the maximum CLOZ drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for OCTD and CLOZ. For additional features, visit the drawdowns tool.
Volatility
OCTD vs. CLOZ - Volatility Comparison
Innovator Premium Income 10 Barrier ETF - October (OCTD) has a higher volatility of 0.90% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.21%. This indicates that OCTD'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.