SHAG vs. CLOI
Compare and contrast key facts about WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) and VanEck CLO ETF (CLOI).
SHAG and CLOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHAG is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Short Aggregate Enhanced Yield Index. It was launched on May 18, 2017. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHAG or CLOI.
Correlation
The correlation between SHAG and CLOI 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
SHAG vs. CLOI - Performance Comparison
Key characteristics
SHAG:
3.20
CLOI:
1.50
SHAG:
5.38
CLOI:
1.87
SHAG:
1.67
CLOI:
1.65
SHAG:
1.90
CLOI:
1.89
SHAG:
14.79
CLOI:
15.33
SHAG:
0.46%
CLOI:
0.40%
SHAG:
2.11%
CLOI:
4.10%
SHAG:
-9.62%
CLOI:
-3.25%
SHAG:
-0.08%
CLOI:
-0.72%
Returns By Period
In the year-to-date period, SHAG achieves a 2.19% return, which is significantly higher than CLOI's 0.89% return.
SHAG
2.19%
0.56%
2.67%
6.87%
1.23%
N/A
CLOI
0.89%
0.08%
2.16%
6.22%
N/A
N/A
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SHAG vs. CLOI - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than CLOI's 0.40% expense ratio.
Risk-Adjusted Performance
SHAG vs. CLOI — Risk-Adjusted Performance Rank
SHAG
CLOI
SHAG vs. CLOI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) and VanEck CLO ETF (CLOI). 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
SHAG vs. CLOI - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.72%, less than CLOI's 6.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund | 4.72% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 1.26% |
CLOI VanEck CLO ETF | 6.45% | 6.71% | 5.62% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHAG vs. CLOI - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for SHAG and CLOI. For additional features, visit the drawdowns tool.
Volatility
SHAG vs. CLOI - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) is 0.87%, while VanEck CLO ETF (CLOI) has a volatility of 4.05%. This indicates that SHAG experiences smaller price fluctuations and is considered to be less risky than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.