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XCCC vs. CLOZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


XCCCCLOZ
YTD Return12.37%10.18%
1Y Return21.84%13.62%
Sharpe Ratio3.696.25
Sortino Ratio5.569.26
Omega Ratio1.793.17
Calmar Ratio5.899.95
Martin Ratio18.8160.40
Ulcer Index1.18%0.23%
Daily Std Dev6.02%2.21%
Max Drawdown-9.97%-2.70%
Current Drawdown0.00%-0.07%

Correlation

-0.50.00.51.00.0

The correlation between XCCC and CLOZ is 0.02, 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

XCCC vs. CLOZ - Performance Comparison

In the year-to-date period, XCCC achieves a 12.37% return, which is significantly higher than CLOZ's 10.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
10.86%
5.20%
XCCC
CLOZ

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XCCC vs. CLOZ - Expense Ratio Comparison

XCCC has a 0.40% expense ratio, which is lower than CLOZ's 0.50% expense ratio.


CLOZ
Panagram Bbb-B Clo ETF
Expense ratio chart for CLOZ: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for XCCC: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Risk-Adjusted Performance

XCCC vs. CLOZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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.


XCCC
Sharpe ratio
The chart of Sharpe ratio for XCCC, currently valued at 3.69, compared to the broader market-2.000.002.004.006.003.69
Sortino ratio
The chart of Sortino ratio for XCCC, currently valued at 5.56, compared to the broader market0.005.0010.005.56
Omega ratio
The chart of Omega ratio for XCCC, currently valued at 1.79, compared to the broader market1.001.502.002.503.001.79
Calmar ratio
The chart of Calmar ratio for XCCC, currently valued at 5.89, compared to the broader market0.005.0010.0015.005.89
Martin ratio
The chart of Martin ratio for XCCC, currently valued at 18.81, compared to the broader market0.0020.0040.0060.0080.00100.00120.0018.81
CLOZ
Sharpe ratio
The chart of Sharpe ratio for CLOZ, currently valued at 6.25, compared to the broader market-2.000.002.004.006.006.25
Sortino ratio
The chart of Sortino ratio for CLOZ, currently valued at 9.26, compared to the broader market0.005.0010.009.26
Omega ratio
The chart of Omega ratio for CLOZ, currently valued at 3.17, compared to the broader market1.001.502.002.503.003.17
Calmar ratio
The chart of Calmar ratio for CLOZ, currently valued at 9.95, compared to the broader market0.005.0010.0015.009.95
Martin ratio
The chart of Martin ratio for CLOZ, currently valued at 60.40, compared to the broader market0.0020.0040.0060.0080.00100.00120.0060.40

XCCC vs. CLOZ - Sharpe Ratio Comparison

The current XCCC Sharpe Ratio is 3.69, which is lower than the CLOZ Sharpe Ratio of 6.25. The chart below compares the historical Sharpe Ratios of XCCC 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.


Rolling 12-month Sharpe Ratio2.003.004.005.006.007.008.00JuneJulyAugustSeptemberOctoberNovember
3.69
6.25
XCCC
CLOZ

Dividends

XCCC vs. CLOZ - Dividend Comparison

XCCC's dividend yield for the trailing twelve months is around 10.72%, more than CLOZ's 9.03% yield.


TTM20232022
XCCC
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
10.72%11.01%7.64%
CLOZ
Panagram Bbb-B Clo ETF
9.03%8.81%0.00%

Drawdowns

XCCC vs. CLOZ - Drawdown Comparison

The maximum XCCC drawdown since its inception was -9.97%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for XCCC and CLOZ. For additional features, visit the drawdowns tool.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.07%
XCCC
CLOZ

Volatility

XCCC vs. CLOZ - Volatility Comparison

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a higher volatility of 1.28% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.51%. This indicates that XCCC'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.


0.00%0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
1.28%
0.51%
XCCC
CLOZ