PCLO vs VOO
Virtus Seix AAA Private Credit CLO ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PCLO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $20M | $979.0B | |
| Dividend Yield | 5.28% | 1.09% | |
| Holdings | 47 | 509 | |
| YTD Return | +2.71% | +14.48% | |
| 1Y Return | +5.05% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 0.7% | 14.2% | |
| Max Drawdown | -0.8% | -34.3% | |
| Fund Family | Virtus Investment Partners | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 27, 2024 | Sep 7, 2010 |
PCLO vs VOO Performance
Virtus Seix AAA Private Credit CLO ETF (PCLO) is a ETF from Virtus Investment Partners and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PCLO returned +5.05% while VOO returned +22.02%. Year to date, PCLO is up 2.71% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PCLO charges 0.29% per year while VOO charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, PCLO currently yields 5.28% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, PCLO or VOO?
PCLO has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, PCLO or VOO?
Over the past year PCLO returned +5.05% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), PCLO annualized +5.15% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, PCLO or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 0.7% for PCLO. Worst drawdown: PCLO -0.8% vs VOO -34.3%.
Should I hold both PCLO and VOO?
PCLO and VOO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, PCLO or VOO?
PCLO yields 5.28% while VOO yields 1.09%, so PCLO currently pays the higher dividend yield.
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