PFFV vs. CLOA
Compare and contrast key facts about Global X Variable Rate Preferred ETF (PFFV) and BlackRock AAA CLO ETF (CLOA).
PFFV and CLOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFV is a passively managed fund by Global X that tracks the performance of the ICE U.S. Variable Rate Preferred Securities Index. It was launched on Jun 22, 2020. CLOA is an actively managed fund by Blackrock. It was launched on Jan 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFV or CLOA.
Correlation
The correlation between PFFV and CLOA is 0.06, 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
PFFV vs. CLOA - Performance Comparison
Key characteristics
PFFV:
0.98
CLOA:
3.43
PFFV:
1.40
CLOA:
4.59
PFFV:
1.19
CLOA:
2.21
PFFV:
1.15
CLOA:
5.12
PFFV:
4.72
CLOA:
33.25
PFFV:
1.48%
CLOA:
0.17%
PFFV:
7.14%
CLOA:
1.69%
PFFV:
-19.02%
CLOA:
-1.34%
PFFV:
-2.97%
CLOA:
-0.01%
Returns By Period
In the year-to-date period, PFFV achieves a -0.05% return, which is significantly lower than CLOA's 1.05% return.
PFFV
-0.05%
-1.99%
-0.33%
7.33%
N/A
N/A
CLOA
1.05%
0.32%
2.29%
5.77%
N/A
N/A
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PFFV vs. CLOA - Expense Ratio Comparison
PFFV has a 0.25% expense ratio, which is higher than CLOA's 0.20% 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
PFFV vs. CLOA — Risk-Adjusted Performance Rank
PFFV
CLOA
PFFV vs. CLOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and BlackRock AAA CLO ETF (CLOA). 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
PFFV vs. CLOA - Dividend Comparison
PFFV's dividend yield for the trailing twelve months is around 7.54%, more than CLOA's 5.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | 7.54% | 7.33% | 7.17% | 6.60% | 5.15% | 2.67% |
CLOA BlackRock AAA CLO ETF | 5.92% | 6.01% | 5.88% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFFV vs. CLOA - Drawdown Comparison
The maximum PFFV drawdown since its inception was -19.02%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for PFFV and CLOA. For additional features, visit the drawdowns tool.
Volatility
PFFV vs. CLOA - Volatility Comparison
Global X Variable Rate Preferred ETF (PFFV) has a higher volatility of 3.89% compared to BlackRock AAA CLO ETF (CLOA) at 1.49%. This indicates that PFFV's price experiences larger fluctuations and is considered to be riskier than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.