CLOZ vs QQQ
Eldridge BBB-B CLO ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CLOZ offers more diversification with 169 holdings.
Side-by-Side Comparison
| Metric | CLOZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $801M | $496.3B | |
| Dividend Yield | 7.35% | 0.44% | |
| Holdings | 169 | 108 | |
| YTD Return | +3.28% | +16.23% | |
| 1Y Return | +5.13% | +26.23% | |
| 3Y Return (annualized) | +8.64% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 3.9% | 30.6% | |
| Max Drawdown | -5.3% | -83.0% | |
| Fund Family | ELDRIDGE | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 24, 2023 | Mar 10, 1999 |
CLOZ vs QQQ Performance
Eldridge BBB-B CLO ETF (CLOZ) is a ETF from ELDRIDGE and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CLOZ returned +5.13% while QQQ returned +26.23%. Year to date, CLOZ is up 3.28% versus a gain of 16.23% for QQQ.
Over three years, CLOZ compounded at +8.64% per year against +25.75% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.02% annualized vs +9.88%. 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 3.9% for CLOZ. 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 -5.3% for CLOZ 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOZ charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, CLOZ currently yields 7.35% against 0.44% for QQQ.
Holdings Overlap
CLOZ and QQQ share 0 holdings out of 108 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, CLOZ or QQQ?
CLOZ has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, CLOZ or QQQ?
Over the past year CLOZ returned +5.13% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CLOZ annualized +9.88% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, CLOZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.9% for CLOZ. Worst drawdown: CLOZ -5.3% vs QQQ -83.0%.
Should I hold both CLOZ and QQQ?
CLOZ and QQQ have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOZ and QQQ?
CLOZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, CLOZ or QQQ?
CLOZ yields 7.35% while QQQ yields 0.44%, so CLOZ currently pays the higher dividend yield.
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