RNHIX vs. CLOZ
Compare and contrast key facts about RiverNorth/Oaktree High Income Fund (RNHIX) and Panagram Bbb-B Clo ETF (CLOZ).
RNHIX is managed by RiverNorth Funds. It was launched on Dec 28, 2012. 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: RNHIX or CLOZ.
Correlation
The correlation between RNHIX and CLOZ is 0.02, 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
RNHIX vs. CLOZ - Performance Comparison
Key characteristics
RNHIX:
4.19
CLOZ:
6.85
RNHIX:
6.46
CLOZ:
9.60
RNHIX:
2.08
CLOZ:
3.69
RNHIX:
6.89
CLOZ:
8.48
RNHIX:
28.22
CLOZ:
54.24
RNHIX:
0.31%
CLOZ:
0.22%
RNHIX:
2.06%
CLOZ:
1.72%
RNHIX:
-22.43%
CLOZ:
-2.70%
RNHIX:
0.00%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, RNHIX achieves a 1.30% return, which is significantly lower than CLOZ's 1.40% return.
RNHIX
1.30%
0.84%
3.71%
8.50%
3.93%
4.20%
CLOZ
1.40%
0.84%
6.35%
11.68%
N/A
N/A
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RNHIX vs. CLOZ - Expense Ratio Comparison
RNHIX has a 1.81% expense ratio, which is higher than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
RNHIX vs. CLOZ — Risk-Adjusted Performance Rank
RNHIX
CLOZ
RNHIX vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth/Oaktree High Income Fund (RNHIX) 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
RNHIX vs. CLOZ - Dividend Comparison
RNHIX's dividend yield for the trailing twelve months is around 7.10%, less than CLOZ's 8.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNHIX RiverNorth/Oaktree High Income Fund | 7.10% | 6.92% | 6.03% | 6.50% | 3.60% | 3.82% | 5.08% | 4.80% | 3.78% | 4.93% | 5.93% | 6.20% |
CLOZ Panagram Bbb-B Clo ETF | 8.78% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RNHIX vs. CLOZ - Drawdown Comparison
The maximum RNHIX drawdown since its inception was -22.43%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for RNHIX and CLOZ. For additional features, visit the drawdowns tool.
Volatility
RNHIX vs. CLOZ - Volatility Comparison
RiverNorth/Oaktree High Income Fund (RNHIX) has a higher volatility of 0.61% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.22%. This indicates that RNHIX'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.