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ETFs

Panagram AAA CLO ETF

CLOX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 19 2023
Expense Ratio
0.20%
Type
US Bonds
Fund Owner
Panagram
Volume (1m avg. daily)
$312,724
AUM
$35,326,060
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
MADISON PK FDG LTD 2022-62R 7.158% 07/17/2036
5.68%
n/a
SIXTH STREET CLO LTD 2021-16 A-1A 20321020 FLT 6.9078% 10/20/2032
5.66%
n/a
MADISON PARK FDG LTD 2019-34R A-R 6.7328% 04/25/2032
5.66%
n/a
BENEFIT ST PTRS LTD 2016-10RR A-1-RR 20340420 FLT 6.7978% 04/20/2034
5.65%
n/a
ELMWOOD CLO LTD 2021-12 6.7378% 01/20/2035
5.64%
n/a
HARRIMAN PARK CLO LTD 2020-1R A-1R 20340420 FLT 6.7078% 04/20/2034
5.63%
n/a
CARLYLE US CLO LTD 2020-2R 6.7528% 01/25/2035
5.63%
n/a
OHA CREDIT PARTNRS LTD 2021-16 A 6.7215% 10/18/2034
5.58%
n/a
CARLYLE US CLO 2021-2 LTD 6.6678% 04/20/2034
4.25%
n/a
Elmwood CLO V Ltd 6.7378% 10/20/2034
4.23%
Invest with CLOX

What is CLOX?

The Panagram AAA CLO ETF seeks to generate current income, with a secondary objective of capital preservation. The Fund is an actively managed exchange-traded fund that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in collateralized loan obligations ("CLOs") that are rated, at the time of purchase, AAA or an equivalent rating by a nationally recognized statistical rating organization.

ETFs related toCLOX

ETFs correlated to CLOX include JAAA, TSLR, HDV

CLOX
Series Portfolios Trust - Panagram AAA CLO ETF
JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
HDV
BlackRock Institutional Trust Company N.A. - iShares Core High Dividend ETF
USFR
WisdomTree Trust - WisdomTree Floating Rate Treasury Fund
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
AMLP
ALPS Fund Services - Alerian MLP ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
IWX
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CLOX is a US Bonds ETF. The Panagram AAA CLO ETF seeks to generate current income, with a secondary objective of capital preservation. The Fund is an actively managed exchange-traded fund that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in collateralized loan obligations ("CLOs") that are rated, at the time of purchase, AAA or an equivalent rating by a nationally recognized statistical rating organization.

Yes, CLOX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CLOX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CLOX is 0.0092%. This is the percent change in the value of CLOX over the most recent 1-month period. The 3-month return on CLOX is %. This is the percent change in the value of CLOX over the most recent 3-month period.

ETFs similar to CLOX include CMBS, PAAA, and JBBB.

ETFs correlated to CLOX include JAAA, TSLR, and HDV.

ETFs that are inversely correlated to CLOX include IBMO, DFNM, and CORN.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.