PCLO vs SCHD
Virtus Seix AAA Private Credit CLO ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PCLO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $20M | $103.7B | |
| Dividend Yield | 5.28% | 3.31% | |
| Holdings | 47 | 104 | |
| YTD Return | +2.66% | +25.62% | |
| 1Y Return | +5.04% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 0.7% | 13.6% | |
| Max Drawdown | -0.8% | -33.4% | |
| Fund Family | Virtus Investment Partners | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 27, 2024 | Oct 20, 2011 |
PCLO vs SCHD Performance
Virtus Seix AAA Private Credit CLO ETF (PCLO) is a ETF from Virtus Investment Partners and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PCLO returned +5.04% while SCHD returned +32.62%. Year to date, PCLO is up 2.66% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
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 5.28% against 3.31% for SCHD.
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. On a $10,000 investment, that is $23 per year of difference.
Which performed better, PCLO or SCHD?
Over the past year PCLO returned +5.04% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PCLO annualized +5.14% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, PCLO or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.7% for PCLO. Worst drawdown: PCLO -0.8% vs SCHD -33.4%.
Should I hold both PCLO and SCHD?
PCLO and SCHD have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, PCLO or SCHD?
PCLO yields 5.28% while SCHD yields 3.31%, so PCLO currently pays the higher dividend yield.
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