OPER vs. CLTL
Compare and contrast key facts about ClearShares Ultra-Short Maturity ETF (OPER) and Invesco Treasury Collateral ETF (CLTL).
OPER and CLTL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OPER is an actively managed fund by ClearShares LLC. It was launched on Jul 11, 2018. CLTL is a passively managed fund by Invesco that tracks the performance of the U.S. Treasury Short Term Index. It was launched on Jan 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPER or CLTL.
Key characteristics
| OPER | CLTL |
|---|
Correlation
The correlation between OPER and CLTL is 0.15, 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
OPER vs. CLTL - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OPER vs. CLTL - Expense Ratio Comparison
OPER has a 0.20% expense ratio, which is higher than CLTL's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
OPER vs. CLTL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) and Invesco Treasury Collateral ETF (CLTL). 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
OPER vs. CLTL - Dividend Comparison
OPER's dividend yield for the trailing twelve months is around 5.30%, while CLTL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
OPER ClearShares Ultra-Short Maturity ETF | 5.30% | 5.03% | 1.71% | 0.36% | 0.64% | 2.08% | 0.88% | 0.00% |
CLTL Invesco Treasury Collateral ETF | 3.75% | 4.63% | 1.37% | 0.03% | 0.80% | 2.24% | 1.69% | 0.71% |
Drawdowns
OPER vs. CLTL - Drawdown Comparison
Volatility
OPER vs. CLTL - Volatility Comparison
ClearShares Ultra-Short Maturity ETF (OPER) has a higher volatility of 0.10% compared to Invesco Treasury Collateral ETF (CLTL) at 0.00%. This indicates that OPER's price experiences larger fluctuations and is considered to be riskier than CLTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.