CLOZ vs VYM
Eldridge BBB-B CLO ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | CLOZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.04% | |
| AUM | $801M | $81.6B | |
| Dividend Yield | 7.35% | 2.24% | |
| Holdings | 169 | 616 | |
| YTD Return | +2.98% | +16.78% | |
| 1Y Return | +5.13% | +24.43% | |
| 3Y Return (annualized) | +8.55% | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 3.9% | 14.6% | |
| Max Drawdown | -5.3% | -58.8% | |
| Fund Family | ELDRIDGE | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 24, 2023 | Nov 10, 2006 |
CLOZ vs VYM Performance
Eldridge BBB-B CLO ETF (CLOZ) is a ETF from ELDRIDGE and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CLOZ returned +5.13% while VYM returned +24.43%. Year to date, CLOZ is up 2.98% versus a gain of 16.78% for VYM.
Over three years, CLOZ compounded at +8.55% per year against +18.60% for VYM. Across the full 4-year window we track, CLOZ has the edge at +9.83% annualized vs +7.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOZ charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, CLOZ currently yields 7.35% against 2.24% for VYM.
Holdings Overlap
CLOZ and VYM share 0 holdings out of 609 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 VYM?
CLOZ has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, CLOZ or VYM?
Over the past year CLOZ returned +5.13% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), CLOZ annualized +9.83% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, CLOZ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.9% for CLOZ. Worst drawdown: CLOZ -5.3% vs VYM -58.8%.
Should I hold both CLOZ and VYM?
CLOZ and VYM have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOZ and VYM?
CLOZ and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 609 unique securities.
Which pays a higher dividend, CLOZ or VYM?
CLOZ yields 7.35% while VYM yields 2.24%, so CLOZ currently pays the higher dividend yield.
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