CLOX vs QQQ
CLOX vs QQQ
Eldridge AAA CLO ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | CLOX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.18% | |
| AUM | $323M | $455.8B | |
| Dividend Yield | 4.58% | 0.41% | |
| Holdings | 93 | 108 | |
| YTD Return | +2.48% | +18.20% | |
| 1Y Return | +4.67% | +27.63% | |
| 3Y Return (annualized) | +5.95% | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 1.0% | 30.6% | |
| Max Drawdown | -4.1% | -83.0% | |
| Fund Family | Panagram Structured Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 18, 2023 | Mar 10, 1999 |
CLOX vs QQQ Performance
Eldridge AAA CLO ETF (CLOX) is a ETF from Panagram Structured Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CLOX returned +4.67% while QQQ returned +27.63%. Year to date, CLOX is up 2.48% versus a gain of 18.20% for QQQ.
Over three years, CLOX compounded at +5.95% per year against +25.54% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.11% annualized vs +6.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOX charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, CLOX currently yields 4.58% against 0.41% for QQQ.
Holdings Overlap
CLOX and QQQ share 0 holdings out of 111 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 QQQ?
CLOX has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, CLOX or QQQ?
Over the past year CLOX returned +4.67% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), CLOX annualized +6.15% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, CLOX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.0% for CLOX. Worst drawdown: CLOX -4.1% vs QQQ -83.0%.
Should I hold both CLOX and QQQ?
CLOX and QQQ have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOX and QQQ?
CLOX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 111 unique securities.
Which pays a higher dividend, CLOX or QQQ?
CLOX yields 4.58% while QQQ yields 0.41%, so CLOX currently pays the higher dividend yield.
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