Panagram Bbb-B Clo ETF (CLOZ) Performance
CLOZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.8% since Dec 31, 2025
- 1 year
- +4.1% total return
- 3 years
- +8.0% a year
- Since first price
- +9.4% a year since 2023
CLOZ trailing returns vs SPY, QQQ, AGG
| Period | CLOZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.4% | −2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.0% | −1.3% | +7.8% | +8.4% | −1.5% |
| YTD | +2.8% | −2.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.1% | −3.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +26.0%+8.0%/yr | −0.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJan 24, 2023 | +40.1%+9.4%/yr | +2.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CLOZ vs SPY
From Jan 24, 2023: CLOZ grew to $14,010, SPY to $19,909.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CLOZ returns by calendar year
2 of 2 full years positive. Best 2024 (+11.9%), worst 2025 (+6.0%). 2026 is year to date.
CLOZ annual returns table
| Year | CLOZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.8% | −3.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.0% | −5.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +11.9% | −1.4% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CLOZ risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +8.5% | +9.7% |
| Volatility (annualized) | 3.8% | 3.8% |
| Sharpe ratio | 1.06 | 1.32 |
| Sortino ratio | 1.66 | 2.24 |
| Best month | +3.6% | +3.6% |
| Worst month | −3.4% | −3.4% |
| Best 12 months | +13.0% | +18.0% |
| Worst 12 months | +2.4% | +2.4% |
| Positive months | 89% | 89% |
| Beta vs S&P 500 | 0.18 | — |
| Correlation with S&P 500 | 0.57 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CLOZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 34 | +2.4% | +8.1% | +18.0% | 100% |
| 3-year (a year) | 10 | +8.1% | +9.6% | +11.0% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
CLOZ performance overview
Panagram Bbb-B Clo ETF (CLOZ) returned +4.1% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +9.4% a year, turning $10,000 into about $14,010. Over the same year S&P 500 (SPY) returned +14.4%.
Related: CLOZ chart, CLOZ dividends. See the CLOZ overview for the latest quote and fund facts.
CLOZ performance FAQ
What is the CLOZ return over the past year?
CLOZ returned +4.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.0%.
How much would $10,000 invested in CLOZ be worth?
$10,000 invested in CLOZ at its first recorded close on January 24, 2023 would be worth about $14,010 on October 23, 2026 with distributions reinvested.
What was the worst year for CLOZ?
The worst calendar year was 2025, with a total return of +6.0%. The best was 2024 at +11.9%.
How volatile is CLOZ?
Over the past 3 years CLOZ had an annualized volatility of 3.8% and a Sharpe ratio of 1.06 (excess return over 1–3 month T-bills per unit of risk).