PHD vs. CLOZ
Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) 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: PHD or CLOZ.
Correlation
The correlation between PHD and CLOZ is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PHD vs. CLOZ - Performance Comparison
Key characteristics
PHD:
2.08
CLOZ:
5.84
PHD:
2.72
CLOZ:
8.00
PHD:
1.44
CLOZ:
3.03
PHD:
2.11
CLOZ:
8.27
PHD:
20.74
CLOZ:
52.13
PHD:
0.85%
CLOZ:
0.22%
PHD:
8.48%
CLOZ:
1.97%
PHD:
-63.59%
CLOZ:
-2.70%
PHD:
-1.93%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, PHD achieves a 16.86% return, which is significantly higher than CLOZ's 11.60% return.
PHD
16.86%
-0.27%
4.51%
17.28%
7.10%
6.49%
CLOZ
11.60%
0.95%
5.13%
12.11%
N/A
N/A
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Risk-Adjusted Performance
PHD vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) 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
PHD vs. CLOZ - Dividend Comparison
PHD's dividend yield for the trailing twelve months is around 11.38%, more than CLOZ's 8.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHD Pioneer Floating Rate Fund, Inc. | 11.38% | 11.96% | 9.78% | 6.30% | 6.71% | 7.33% | 6.71% | 6.28% | 6.13% | 6.50% | 6.50% | 7.26% |
CLOZ Panagram Bbb-B Clo ETF | 8.75% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHD vs. CLOZ - Drawdown Comparison
The maximum PHD drawdown since its inception was -63.59%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for PHD and CLOZ. For additional features, visit the drawdowns tool.
Volatility
PHD vs. CLOZ - Volatility Comparison
Pioneer Floating Rate Fund, Inc. (PHD) has a higher volatility of 2.03% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.21%. This indicates that PHD'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.