THTA vs. CLOZ
Compare and contrast key facts about SoFi Enhanced Yield ETF (THTA) and Panagram Bbb-B Clo ETF (CLOZ).
THTA and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THTA is an actively managed fund by SoFi. It was launched on Nov 14, 2023. 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: THTA or CLOZ.
Performance
THTA vs. CLOZ - Performance Comparison
Returns By Period
In the year-to-date period, THTA achieves a 5.57% return, which is significantly lower than CLOZ's 10.71% return.
THTA
5.57%
1.73%
0.54%
6.59%
N/A
N/A
CLOZ
10.71%
1.75%
5.10%
12.77%
N/A
N/A
Key characteristics
| THTA | CLOZ | |
|---|---|---|
| Sharpe Ratio | 0.56 | 6.26 |
| Sortino Ratio | 0.68 | 9.03 |
| Omega Ratio | 1.27 | 3.19 |
| Calmar Ratio | 0.55 | 9.53 |
| Martin Ratio | 2.30 | 57.98 |
| Ulcer Index | 2.87% | 0.23% |
| Daily Std Dev | 11.84% | 2.11% |
| Max Drawdown | -11.94% | -2.70% |
| Current Drawdown | -2.20% | 0.00% |
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THTA vs. CLOZ - Expense Ratio Comparison
THTA has a 0.49% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Correlation
The correlation between THTA and CLOZ is 0.21, 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.
Risk-Adjusted Performance
THTA vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) 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
THTA vs. CLOZ - Dividend Comparison
THTA's dividend yield for the trailing twelve months is around 12.13%, more than CLOZ's 8.98% yield.
| TTM | 2023 | |
|---|---|---|
THTA SoFi Enhanced Yield ETF | 12.13% | 0.58% |
CLOZ Panagram Bbb-B Clo ETF | 8.98% | 8.81% |
Drawdowns
THTA vs. CLOZ - Drawdown Comparison
The maximum THTA drawdown since its inception was -11.94%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for THTA and CLOZ. For additional features, visit the drawdowns tool.
Volatility
THTA vs. CLOZ - Volatility Comparison
SoFi Enhanced Yield ETF (THTA) has a higher volatility of 1.29% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.51%. This indicates that THTA'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.