CLOZ vs. RPIDX
Compare and contrast key facts about Panagram Bbb-B Clo ETF (CLOZ) and T. Rowe Price Dynamic Credit Fund (RPIDX).
CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023. RPIDX is managed by T. Rowe Price. It was launched on Jan 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOZ or RPIDX.
Correlation
The correlation between CLOZ and RPIDX is 0.03, 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
CLOZ vs. RPIDX - Performance Comparison
Key characteristics
CLOZ:
1.23
RPIDX:
1.80
CLOZ:
1.54
RPIDX:
2.84
CLOZ:
1.45
RPIDX:
1.41
CLOZ:
1.00
RPIDX:
1.56
CLOZ:
5.34
RPIDX:
10.01
CLOZ:
1.00%
RPIDX:
0.61%
CLOZ:
4.34%
RPIDX:
3.37%
CLOZ:
-5.33%
RPIDX:
-19.95%
CLOZ:
-3.61%
RPIDX:
-2.50%
Returns By Period
In the year-to-date period, CLOZ achieves a -2.19% return, which is significantly lower than RPIDX's 0.36% return.
CLOZ
-2.19%
-1.71%
0.69%
5.26%
N/A
N/A
RPIDX
0.36%
-2.28%
1.33%
6.44%
4.39%
N/A
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CLOZ vs. RPIDX - Expense Ratio Comparison
CLOZ has a 0.50% expense ratio, which is lower than RPIDX's 0.63% expense ratio.
Risk-Adjusted Performance
CLOZ vs. RPIDX — Risk-Adjusted Performance Rank
CLOZ
RPIDX
CLOZ vs. RPIDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Panagram Bbb-B Clo ETF (CLOZ) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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
CLOZ vs. RPIDX - Dividend Comparison
CLOZ's dividend yield for the trailing twelve months is around 8.91%, more than RPIDX's 7.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
CLOZ Panagram Bbb-B Clo ETF | 8.91% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% |
RPIDX T. Rowe Price Dynamic Credit Fund | 7.38% | 6.87% | 5.87% | 3.87% | 3.47% | 4.42% | 4.03% |
Drawdowns
CLOZ vs. RPIDX - Drawdown Comparison
The maximum CLOZ drawdown since its inception was -5.33%, smaller than the maximum RPIDX drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for CLOZ and RPIDX. For additional features, visit the drawdowns tool.
Volatility
CLOZ vs. RPIDX - Volatility Comparison
Panagram Bbb-B Clo ETF (CLOZ) has a higher volatility of 3.99% compared to T. Rowe Price Dynamic Credit Fund (RPIDX) at 1.71%. This indicates that CLOZ's price experiences larger fluctuations and is considered to be riskier than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.