AAAD vs. PCLO

Last updated Jul 28, 2026

AAAD (PGIM AAA CLO Aggregate Duration ETF) and PCLO (Virtus SEIX AAA Private Credit CLO ETF) are both CLO funds. Both are actively managed. Their 0.18 correlation means their historical movements had little consistent relationship. AAAD charges 0.19%/yr vs 0.29%/yr for PCLO.

Performance

AAAD vs. PCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM AAA CLO Aggregate Duration ETF (AAAD) and Virtus SEIX AAA Private Credit CLO ETF (PCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAAD

• 1D: 0.21%
• 1M: -0.98%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PCLO

• 1D: 0.00%
• 1M: 0.40%
• 6M: 2.23%
• YTD: 2.60%
• 1Y: 5.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAAD PGIM AAA CLO Aggregate Duration ETF	$4.58K	$8.25K	$10.10K
PCLO Virtus SEIX AAA Private Credit CLO ETF	$159.74K	$140.38K	$159.56K

AAAD vs. PCLO - Yearly Performance Comparison

	2026 (YTD)
AAAD PGIM AAA CLO Aggregate Duration ETF	-0.04%
PCLO Virtus SEIX AAA Private Credit CLO ETF	0.70%

Correlation

The correlation between AAAD and PCLO is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026	0.18

Return for Risk

AAAD vs. PCLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAAD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PCLO

PCLO Risk / Return Rank: 99
PCLO Sharpe Ratio Rank: 99
PCLO Sortino Ratio Rank: 99
PCLO Omega Ratio Rank: 99
PCLO Calmar Ratio Rank: 99
PCLO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAAD vs. PCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM AAA CLO Aggregate Duration ETF (AAAD) and Virtus SEIX AAA Private Credit CLO ETF (PCLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAAD	PCLO	Difference
Sharpe ratio: Return per unit of total volatility	—	6.30	—
Sortino ratio: Return per unit of downside risk	—	11.56	—
Omega ratio: Gain probability vs. loss probability	—	2.78	—
Calmar ratio: Return relative to maximum drawdown	—	19.66	—
Martin ratio: Return relative to average drawdown	—	124.16	—

Drawdowns

AAAD vs. PCLO - Drawdown Comparison

The maximum AAAD drawdown since its inception was -1.37%, which is greater than PCLO's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for AAAD and PCLO.

Drawdown Indicators

	AAAD	PCLO	Difference
Max Drawdown Largest peak-to-trough decline	-1.37%	-0.76%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.26%	—
Current Drawdown Current decline from peak	-1.01%	0.00%	-1.01%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.03%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	AAAD	PCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.56%	0.82%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.56%	1.12%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.56%	1.12%	+2.44%

AAAD vs. PCLO - Expense Ratio Comparison

AAAD has a 0.19% expense ratio, which is lower than PCLO's 0.29% expense ratio.

Dividends

AAAD vs. PCLO - Dividend Comparison

AAAD's dividend yield for the trailing twelve months is around 0.03%, less than PCLO's 5.19% yield.

Position	TTM	2025	2024
AAAD PGIM AAA CLO Aggregate Duration ETF	0.03%	0.00%	0.00%
PCLO Virtus SEIX AAA Private Credit CLO ETF	5.19%	5.53%	0.44%

Frequently Asked Questions

Can I hold both AAAD and PCLO in my portfolio?

AAAD and PCLO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAAD or PCLO?

On fees, AAAD is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAAD or PCLO?

AAAD is cheaper with a 0.19% expense ratio, compared with 0.29% for PCLO.

Which ETF pays a higher dividend yield, AAAD or PCLO?

PCLO has the higher dividend yield at 5.19%, compared with 0.03% for AAAD.

What is the main difference between AAAD and PCLO?

They also come from different issuers: PGIM and Virtus. Their fees differ too: 0.19% for AAAD and 0.29% for PCLO.