VGUS vs. CLOZ

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Ultra-Short Treasury ETF (VGUS) and Panagram Bbb-B Clo ETF (CLOZ).

VGUS and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGUS is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Short Treasury Index. It was launched on Feb 7, 2025. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.

Performance

VGUS vs. CLOZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Ultra-Short Treasury ETF (VGUS) and Panagram Bbb-B Clo ETF (CLOZ). The values are adjusted to include any dividend payments, if applicable.

VGUS vs. CLOZ - Yearly Performance Comparison

	2026 (YTD)	2025
VGUS Vanguard Ultra-Short Treasury ETF	0.81%	3.77%
CLOZ Panagram Bbb-B Clo ETF	-1.92%	4.61%

Returns By Period

In the year-to-date period, VGUS achieves a 0.81% return, which is significantly higher than CLOZ's -1.92% return.

VGUS

• 1D: 0.01%
• 1M: 0.25%
• YTD: 0.81%
• 6M: 1.82%
• 1Y: 4.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOZ

• 1D: 0.31%
• 1M: 0.39%
• YTD: -1.92%
• 6M: -0.71%
• 1Y: 4.26%
• 3Y*: 9.76%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGUS vs. CLOZ - Expense Ratio Comparison

VGUS has a 0.07% expense ratio, which is lower than CLOZ's 0.50% expense ratio.

CLOZ

Panagram Bbb-B Clo ETF

VGUS

Vanguard Ultra-Short Treasury ETF

Return for Risk

VGUS vs. CLOZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGUS

VGUS Risk / Return Rank: 100
VGUS Sharpe Ratio Rank: 100
VGUS Sortino Ratio Rank: 100
VGUS Omega Ratio Rank: 100
VGUS Calmar Ratio Rank: 100
VGUS Martin Ratio Rank: 100

CLOZ

CLOZ Risk / Return Rank: 47
CLOZ Sharpe Ratio Rank: 45
CLOZ Sortino Ratio Rank: 39
CLOZ Omega Ratio Rank: 64
CLOZ Calmar Ratio Rank: 47
CLOZ Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGUS vs. CLOZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short Treasury ETF (VGUS) 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.

	VGUS	CLOZ	Difference
Sharpe ratio Return per unit of total volatility	11.39	0.78	+10.61
Sortino ratio Return per unit of downside risk	31.34	1.04	+30.31
Omega ratio Gain probability vs. loss probability	8.64	1.22	+7.42
Calmar ratio Return relative to maximum drawdown	55.20	1.10	+54.10
Martin ratio Return relative to average drawdown	367.74	3.53	+364.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGUS vs. CLOZ - Sharpe Ratio Comparison

The current VGUS Sharpe Ratio is 11.39, which is higher than the CLOZ Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of VGUS and CLOZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VGUS	CLOZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.39	0.78	+10.61
Sharpe Ratio (All Time) Calculated using the full available price history	11.78	2.51	+9.27

Correlation

The correlation between VGUS and CLOZ is -0.10. 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.

Dividends

VGUS vs. CLOZ - Dividend Comparison

VGUS's dividend yield for the trailing twelve months is around 3.66%, less than CLOZ's 7.97% yield.

	TTM	2025	2024	2023
VGUS Vanguard Ultra-Short Treasury ETF	3.66%	3.12%	0.00%	0.00%
CLOZ Panagram Bbb-B Clo ETF	7.97%	7.63%	9.09%	8.81%

Drawdowns

VGUS vs. CLOZ - Drawdown Comparison

The maximum VGUS drawdown since its inception was -0.07%, smaller than the maximum CLOZ drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for VGUS and CLOZ.

Drawdown Indicators

	VGUS	CLOZ	Difference
Max Drawdown Largest peak-to-trough decline	-0.07%	-5.32%	+5.25%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	-3.90%	+3.83%
Current Drawdown Current decline from peak	0.00%	-3.15%	+3.15%
Average Drawdown Average peak-to-trough decline	0.00%	-0.36%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.22%	-1.21%

Volatility

VGUS vs. CLOZ - Volatility Comparison

The current volatility for Vanguard Ultra-Short Treasury ETF (VGUS) is 0.07%, while Panagram Bbb-B Clo ETF (CLOZ) has a volatility of 1.35%. This indicates that VGUS 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.

Volatility by Period

	VGUS	CLOZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	1.35%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	0.16%	2.90%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	0.35%	5.48%	-5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.35%	3.82%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.35%	3.82%	-3.47%