CLOZ vs QQQ
Eldridge BBB-B CLO ETF vs Invesco QQQ Trust, Series 1
Which is better, CLOZ or QQQ?
Bank Loan against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CLOZ | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $805M | $483.5B |
| Dividend Yield | 7.21% | 0.44% |
| Holdings | 192 | 107 |
| YTD Return | +3.71% | +17.95%Best |
| 1Y Return | +4.88% | +21.77%Best |
| 3Y Return (annualized) | +8.27% | +25.63%Best |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 3.8%Best | 17.1% |
| Max Drawdown | -5.3%Best | -22.8% |
| $10,000 over 3.6 years | $13,992 | $25,207Best |
| Fund Family | ELDRIDGE | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Growth |
| Inception | Jan 24, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Jan 24, 2023 to Sep 18, 2026 (3.6 years).
CLOZ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
CLOZ vs QQQ Performance
Eldridge BBB-B CLO ETF (CLOZ) is an ETF from ELDRIDGE and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CLOZ returned +4.88% while QQQ returned +21.77%. Year to date, CLOZ is up 3.71% versus a gain of 17.95% for QQQ.
Over three years, CLOZ compounded at +8.27% per year against +25.63% for QQQ. Across the full 4-year window we track, QQQ has the edge at +29.28% annualized vs +9.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 3.8% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
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 7.21% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 6 holdings in CLOZ and 102 in QQQ, totalling 1.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 6 positions we hold weights for in CLOZ and 102 in QQQ, against full books of 192 and 107.
You are not choosing between two funds in isolation.
Whichever of CLOZ and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $32 a year on a $10,000 investment.
Which performed better, CLOZ or QQQ?
Over the past year CLOZ returned +4.88% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), CLOZ annualized +9.78% vs +29.28% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CLOZ or QQQ?
QQQ has been the more volatile fund at 17.1% annualized versus 3.8% for CLOZ. Worst drawdown: CLOZ -5.3% vs QQQ -22.8%.
Should I hold both CLOZ and QQQ?
CLOZ and QQQ have a monthly-return correlation of 0.41, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CLOZ or QQQ?
CLOZ yields 7.21% while QQQ yields 0.44%, so CLOZ currently pays the higher dividend yield.
Is QQQ better than CLOZ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.