XCCC vs. CLOZ
Compare and contrast key facts about BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and Panagram Bbb-B Clo ETF (CLOZ).
XCCC and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCCC is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA CCC and Lower US High Yield Constrained Index. It was launched on May 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: XCCC or CLOZ.
Performance
XCCC vs. CLOZ - Performance Comparison
Returns By Period
In the year-to-date period, XCCC achieves a 12.03% return, which is significantly higher than CLOZ's 10.55% return.
XCCC
12.03%
0.73%
10.03%
19.79%
N/A
N/A
CLOZ
10.55%
1.75%
5.37%
13.12%
N/A
N/A
Key characteristics
| XCCC | CLOZ | |
|---|---|---|
| Sharpe Ratio | 3.43 | 6.29 |
| Sortino Ratio | 5.11 | 9.31 |
| Omega Ratio | 1.73 | 3.22 |
| Calmar Ratio | 5.39 | 9.94 |
| Martin Ratio | 17.21 | 60.41 |
| Ulcer Index | 1.18% | 0.23% |
| Daily Std Dev | 5.92% | 2.19% |
| Max Drawdown | -9.97% | -2.70% |
| Current Drawdown | -0.30% | 0.00% |
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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.
Correlation
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.
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.
Dividends
XCCC vs. CLOZ - Dividend Comparison
XCCC's dividend yield for the trailing twelve months is around 10.75%, more than CLOZ's 9.00% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 10.75% | 11.01% | 7.64% |
CLOZ Panagram Bbb-B Clo ETF | 9.00% | 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.
Volatility
XCCC vs. CLOZ - Volatility Comparison
BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a higher volatility of 1.33% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.50%. 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.