CLOX vs IVV
CLOX vs IVV
Eldridge AAA CLO ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CLOX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $323M | $865.2B | |
| Dividend Yield | 4.58% | 1.09% | |
| Holdings | 93 | 508 | |
| YTD Return | +2.48% | +13.80% | |
| 1Y Return | +4.67% | +23.70% | |
| 3Y Return (annualized) | +5.95% | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 1.0% | 15.1% | |
| Max Drawdown | -4.1% | -56.5% | |
| Fund Family | Panagram Structured Asset Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 18, 2023 | May 15, 2000 |
CLOX vs IVV Performance
Eldridge AAA CLO ETF (CLOX) is a ETF from Panagram Structured Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CLOX returned +4.67% while IVV returned +23.70%. Year to date, CLOX is up 2.48% versus a gain of 13.80% for IVV.
Over three years, CLOX compounded at +5.95% per year against +21.49% for IVV. Across the full 3-year window we track, IVV has the edge at +7.05% annualized vs +6.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.0% for CLOX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.1% for CLOX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOX charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, CLOX currently yields 4.58% against 1.09% for IVV.
Holdings Overlap
CLOX and IVV share 0 holdings out of 513 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CLOX or IVV?
CLOX has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, CLOX or IVV?
Over the past year CLOX returned +4.67% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), CLOX annualized +6.15% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, CLOX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 1.0% for CLOX. Worst drawdown: CLOX -4.1% vs IVV -56.5%.
Should I hold both CLOX and IVV?
CLOX and IVV have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOX and IVV?
CLOX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, CLOX or IVV?
CLOX yields 4.58% while IVV yields 1.09%, so CLOX currently pays the higher dividend yield.
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