PCLO vs SCHD
Virtus Seix AAA Private Credit CLO ETF vs Schwab US Dividend Equity ETF
Which is better, PCLO or SCHD?
Bank Loan against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y 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 | PCLO | SCHD |
|---|---|---|
| Expense Ratio | 0.29% | 0.06%Best |
| AUM | $20M | $112.2B |
| Dividend Yield | 5.19% | 3.13% |
| Holdings | 25 | 103 |
| YTD Return | +3.07% | +28.59%Best |
| 1Y Return | +5.03% | +31.77%Best |
| 3Y Return (annualized) | - | +16.70% |
| 5Y Return (annualized) | - | +10.09% |
| Volatility (annualized) | 0.7%Best | 12.8% |
| Max Drawdown | -0.8%Best | -15.1% |
| $10,000 over 1.7 years | $10,898 | $12,729Best |
| Fund Family | Virtus Investment Partners | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Value |
| Inception | Nov 27, 2024 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 3, 2024 to Sep 3, 2026 (1.7 years).
PCLO vs SCHD 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 1.7 years both funds cover.
PCLO vs SCHD Performance
Virtus Seix AAA Private Credit CLO ETF (PCLO) is an ETF from Virtus Investment Partners and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PCLO returned +5.03% while SCHD returned +31.77%. Year to date, PCLO is up 3.07% versus a gain of 28.59% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 0.7% for PCLO. 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 -0.8% for PCLO and -15.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PCLO charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, PCLO currently yields 5.19% against 3.13% for SCHD.
You are not choosing between two funds in isolation.
Whichever of PCLO and SCHD 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, PCLO or SCHD?
PCLO has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, PCLO or SCHD?
Over the past year PCLO returned +5.03% vs +31.77% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PCLO annualized +5.19% vs +15.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PCLO or SCHD?
SCHD has been the more volatile fund at 12.8% annualized versus 0.7% for PCLO. Worst drawdown: PCLO -0.8% vs SCHD -15.1%.
Should I hold both PCLO and SCHD?
PCLO and SCHD have a monthly-return correlation of 0.35, 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, PCLO or SCHD?
PCLO yields 5.19% while SCHD yields 3.13%, so PCLO currently pays the higher dividend yield.
Is SCHD better than PCLO?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.