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ETFs

VanEck CLO ETF

CLOI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 21, 2022
Expense Ratio
0.40%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$2,126,601
AUM
$150,887,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Rad Clo 3 Ltd
4.94%
n/a
Sounds Point Clo Iv-R Ltd
4.64%
n/a
Columbia Cent Clo 31 Ltd
3.97%
n/a
Thl Credit Wind River 2019-3 Clo Ltd
3.68%
n/a
Bain Capital Credit Clo 2020-2 Ltd
3.67%
n/a
Octagon Investment Partners Xxi Ltd
3.66%
n/a
Tci-Symphony Clo 2016-1 Ltd
3.34%
n/a
Voya Clo 2013-3 Ltd
3.34%
n/a
Madison Park Funding Xxi Ltd
3.01%
n/a
Lcm 26 Ltd
2.98%
Invest with CLOI

What is CLOI?

The VanEck CLO ETF (CLOI) is an actively managed ETF, sub-advised by PineBridge Investments, seeking capital preservation and current income. It invests primarily in investment grade-rated tranches of collateralized loan obligations ("CLOs") of any maturity.

ETFs related toCLOI

ETFs correlated to CLOI include CLIP, XBIL, PULS

CLOI
VanEck ETF Trust - VanEck CLO ETF
CLIP
Global X Funds - Global X 1-3 Month T-Bill ETF
XBIL
Rbb Fund Inc - US Treasury 6 Month Bill ETF
PULS
PGIM ETF Trust - PGIM Ultra Short Bond ETF
MINT
Pimco Exchange Traded Fund - PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
FLRT
Pacer Funds Trust - Pacer Pacific Asset Floating Rate High Income ETF
NEAR
BlackRock Institutional Trust Company N.A. - BlackRock Short Maturity Bond ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF
TBLL
Invesco Capital Management LLC - Invesco Short Term Treasury 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

CLOI is a US Bonds ETF. The VanEck CLO ETF (CLOI) is an actively managed ETF, sub-advised by PineBridge Investments, seeking capital preservation and current income. It invests primarily in investment grade-rated tranches of collateralized loan obligations ("CLOs") of any maturity.

Yes, CLOI 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, CLOI 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 CLOI is 0.0078%. This is the percent change in the value of CLOI over the most recent 1-month period. The 3-month return on CLOI is 0.0249%. This is the percent change in the value of CLOI over the most recent 3-month period.

The standard deviation of CLOI for the past year is 0.0244%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

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

ETFs correlated to CLOI include CLIP, XBIL, and PULS.

ETFs that are inversely correlated to CLOI include IBDY, PYLD, and BSVO.

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.