SEIX vs. CLOA
SEIX (Virtus Seix Senior Loan ETF) and CLOA (iShares AAA CLO Active ETF) are both exchange-traded funds - SEIX is a Bank Loan fund tracking the Credit Suisse Leveraged Loan Index, while CLOA is a CLO fund actively managed by BlackRock. SEIX is passively managed, while CLOA is actively managed. Over the past 3 years, SEIX returned 7.76%/yr vs 6.62%/yr for CLOA. At a 0.10 correlation, their price movements are largely independent. SEIX charges 0.57%/yr vs 0.20%/yr for CLOA.
Performance
SEIX vs. CLOA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SEIX having a 2.33% return and CLOA slightly lower at 2.27%.
SEIX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 2.33%
- 6M
- 2.49%
- 1Y
- 6.06%
- 3Y*
- 7.76%
- 5Y*
- 5.75%
- 10Y*
- —
CLOA
- 1D
- 0.09%
- 1M
- 0.26%
- YTD
- 2.27%
- 6M
- 2.47%
- 1Y
- 5.23%
- 3Y*
- 6.62%
- 5Y*
- —
- 10Y*
- —
SEIX vs. CLOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SEIX Virtus Seix Senior Loan ETF | 2.33% | 5.10% | 8.42% | 11.17% |
CLOA iShares AAA CLO Active ETF | 2.27% | 5.44% | 7.25% | 8.38% |
Correlation
The correlation between SEIX and CLOA is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2023 | 0.10 |
The correlation between SEIX and CLOA shifts across timeframes, from 0.10 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SEIX vs. CLOA — Risk / Return Rank
SEIX
CLOA
SEIX vs. CLOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Seix Senior Loan ETF (SEIX) and iShares AAA CLO Active 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.
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.
| SEIX | CLOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.78 | ||
| Sortino ratioReturn per unit of downside risk | -8.08 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 3.43 | -1.56 |
| Calmar ratioReturn relative to maximum drawdown | 5.39 | 29.72 | -24.34 |
| Martin ratioReturn relative to average drawdown | 21.55 | 151.56 | -130.01 |
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Drawdowns
SEIX vs. CLOA - Drawdown Comparison
The maximum SEIX drawdown since its inception was -17.51%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for SEIX and CLOA.
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Drawdown Indicators
| SEIX | CLOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -1.34% | -16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -0.18% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -3.01% | -1.13% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -6.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -0.05% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.03% | +0.25% |
Volatility
SEIX vs. CLOA - Volatility Comparison
Virtus Seix Senior Loan ETF (SEIX) has a higher volatility of 0.33% compared to iShares AAA CLO Active ETF (CLOA) at 0.15%. This indicates that SEIX'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.
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Volatility by Period
| SEIX | CLOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.15% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 0.49% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.60% | 0.69% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.92% | 1.31% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 1.31% | +3.01% |
SEIX vs. CLOA - Expense Ratio Comparison
SEIX has a 0.57% expense ratio, which is higher than CLOA's 0.20% expense ratio.
Dividends
SEIX vs. CLOA - Dividend Comparison
SEIX's dividend yield for the trailing twelve months is around 7.25%, more than CLOA's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CLOA iShares AAA CLO Active ETF | 4.95% | 5.35% | 6.01% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% |
SEIX Virtus Seix Senior Loan ETF | 7.25% | 7.52% | 8.09% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% |
Frequently Asked Questions
SEIX and CLOA have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SEIX has higher volatility (0.33%) compared to CLOA (0.15%). In terms of maximum drawdown, SEIX dropped -17.51% vs CLOA's -1.34%.
On 3-year performance, SEIX leads with 7.76% vs 6.62% for CLOA. On fees, CLOA is cheaper at 0.20% per year. On volatility, CLOA has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SEIX has performed better with a 7.76% return vs 6.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLOA is cheaper with a 0.20% expense ratio, compared with 0.57% for SEIX.
SEIX has the higher dividend yield at 7.25%, compared with 4.95% for CLOA.
SEIX is categorized as Bank Loan, while CLOA is CLO. They also come from different issuers: Virtus and BlackRock. Their fees differ too: 0.57% for SEIX and 0.20% for CLOA.
CLOA currently has the higher Sharpe Ratio (7.58 vs 3.81), 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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