PAAS vs. CLOZ
PAAS (Pan American Silver Corp.) is a stock, while CLOZ (Eldridge BBB-B CLO ETF) is CLO fund actively managed by Eldridge. Over the past 3 years, PAAS returned 40.98%/yr vs 9.07%/yr for CLOZ. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
PAAS vs. CLOZ - Performance Comparison
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Returns By Period
In the year-to-date period, PAAS achieves a -16.30% return, which is significantly lower than CLOZ's 3.25% return.
PAAS
- 1D
- -2.09%
- 1M
- -6.87%
- 6M
- -20.58%
- YTD
- -16.30%
- 1Y
- 61.72%
- 3Y*
- 40.98%
- 5Y*
- 11.18%
- 10Y*
- 9.52%
- ALL TIME*
- 8.09%
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 | |
| $152.76M | $168.96M | $235.64M |
PAAS vs. CLOZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PAAS Pan American Silver Corp. | -16.30% | 160.40% | 26.61% | -10.92% |
CLOZ Eldridge BBB-B CLO ETF | 3.25% | 5.99% | 11.85% | 14.99% |
Correlation
The correlation between PAAS and CLOZ is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.05 |
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Return for Risk
PAAS vs. CLOZ — Risk / Return Rank
PAAS
CLOZ
PAAS vs. CLOZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) 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.
| PAAS | CLOZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.50 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.51 | 4.99 | -1.48 |
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Drawdowns
PAAS vs. CLOZ - Drawdown Comparison
The maximum PAAS drawdown since its inception was -85.10%, which is greater than CLOZ's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for PAAS and CLOZ.
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Drawdown Indicators
| PAAS | CLOZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.10% | -5.32% | -79.78% |
Max Drawdown (1Y)Largest decline over 1 year | -38.84% | -3.90% | -34.94% |
Max Drawdown (3Y)Largest decline over 3 years | -38.84% | -5.32% | -33.52% |
Max Drawdown (5Y)Largest decline over 5 years | -57.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.74% | — | — |
Current DrawdownCurrent decline from peak | -36.88% | -0.02% | -36.86% |
Average DrawdownAverage peak-to-trough decline | -41.61% | -0.37% | -41.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.65% | 1.17% | +16.48% |
Volatility
PAAS vs. CLOZ - Volatility Comparison
Pan American Silver Corp. (PAAS) has a higher volatility of 12.10% compared to Eldridge BBB-B CLO ETF (CLOZ) at 0.69%. This indicates that PAAS'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
| PAAS | CLOZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 0.69% | +11.41% |
Volatility (6M)Calculated over the trailing 6-month period | 43.93% | 3.20% | +40.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.24% | 3.50% | +52.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.23% | 3.75% | +44.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 3.75% | +45.80% |
Dividends
PAAS vs. CLOZ - Dividend Comparison
PAAS's dividend yield for the trailing twelve months is around 1.44%, 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% |
PAAS Pan American Silver Corp. | 1.44% | 0.89% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.33% | 4.23% |
Frequently Asked Questions
PAAS and CLOZ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAAS has higher volatility (12.10%) compared to CLOZ (0.69%). In terms of maximum drawdown, PAAS dropped -85.10% vs CLOZ's -5.32%.
CLOZ currently has the higher Sharpe Ratio (1.68 vs 1.10), 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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