UYLD vs. CLOZ
Compare and contrast key facts about Angel Oak Ultrashort Income ETF (UYLD) and Panagram Bbb-B Clo ETF (CLOZ).
UYLD and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYLD is an actively managed fund by Angel Oak. It was launched on Oct 24, 2022. 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: UYLD or CLOZ.
Correlation
The correlation between UYLD and CLOZ is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
UYLD vs. CLOZ - Performance Comparison
Key characteristics
UYLD:
8.39
CLOZ:
6.13
UYLD:
17.06
CLOZ:
8.51
UYLD:
3.72
CLOZ:
3.20
UYLD:
48.32
CLOZ:
7.77
UYLD:
208.42
CLOZ:
48.79
UYLD:
0.03%
CLOZ:
0.22%
UYLD:
0.79%
CLOZ:
1.76%
UYLD:
-0.41%
CLOZ:
-2.70%
UYLD:
0.00%
CLOZ:
-0.48%
Returns By Period
The year-to-date returns for both stocks are quite close, with UYLD having a 1.01% return and CLOZ slightly lower at 0.99%.
UYLD
1.01%
0.51%
2.95%
6.51%
N/A
N/A
CLOZ
0.99%
-0.04%
4.90%
10.76%
N/A
N/A
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UYLD vs. CLOZ - Expense Ratio Comparison
UYLD has a 0.29% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
UYLD vs. CLOZ — Risk-Adjusted Performance Rank
UYLD
CLOZ
UYLD vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) 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
UYLD vs. CLOZ - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 5.64%, less than CLOZ's 8.82% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 5.64% | 5.52% | 5.92% | 0.75% |
CLOZ Panagram Bbb-B Clo ETF | 8.82% | 9.09% | 8.81% | 0.00% |
Drawdowns
UYLD vs. CLOZ - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.41%, smaller than the maximum CLOZ drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for UYLD and CLOZ. For additional features, visit the drawdowns tool.
Volatility
UYLD vs. CLOZ - Volatility Comparison
The current volatility for Angel Oak Ultrashort Income ETF (UYLD) is 0.17%, while Panagram Bbb-B Clo ETF (CLOZ) has a volatility of 0.40%. This indicates that UYLD experiences smaller price fluctuations and is considered to be less risky than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.