DINE vs. PCR

Last updated Jul 28, 2026

DINE (Simplify Tax Aware Diversified Income Strategy ETF) and PCR (Simplify VettaFi Private Credit Strategy ETF) are both exchange-traded funds - DINE is a Multistrategy fund actively managed by Simplify, while PCR is a Nontraditional Bonds fund actively managed by Simplify. Both are actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. DINE charges 0.15%/yr vs 0.76%/yr for PCR.

Performance

DINE vs. PCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Tax Aware Diversified Income Strategy ETF (DINE) and Simplify VettaFi Private Credit Strategy ETF (PCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DINE

• 1D: 0.25%
• 1M: -1.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PCR

• 1D: 0.76%
• 1M: -1.36%
• 6M: -12.15%
• YTD: -12.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
DINE Simplify Tax Aware Diversified Income Strategy ETF	$54.34K	$29.81K	$12.03K
PCR Simplify VettaFi Private Credit Strategy ETF	$9.63K	$8.99K	$12.15K

DINE vs. PCR - Yearly Performance Comparison

	2026 (YTD)
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.27%
PCR Simplify VettaFi Private Credit Strategy ETF	-8.56%

Correlation

The correlation between DINE and PCR is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.32

Return for Risk

DINE vs. PCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Tax Aware Diversified Income Strategy ETF (DINE) and Simplify VettaFi Private Credit Strategy ETF (PCR). 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.

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

Drawdowns

DINE vs. PCR - Drawdown Comparison

The maximum DINE drawdown since its inception was -1.73%, smaller than the maximum PCR drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for DINE and PCR.

Drawdown Indicators

	DINE	PCR	Difference
Max Drawdown Largest peak-to-trough decline	-1.73%	-20.07%	+18.34%
Current Drawdown Current decline from peak	-1.48%	-17.81%	+16.33%
Average Drawdown Average peak-to-trough decline	-0.39%	-10.37%	+9.98%

Volatility

Volatility by Period

	DINE	PCR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	18.21%	-13.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.22%	18.21%	-13.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.22%	18.21%	-13.99%

DINE vs. PCR - Expense Ratio Comparison

DINE has a 0.15% expense ratio, which is lower than PCR's 0.76% expense ratio.

Dividends

DINE vs. PCR - Dividend Comparison

DINE's dividend yield for the trailing twelve months is around 0.20%, less than PCR's 9.13% yield.

Position	TTM	2025
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%	0.00%
PCR Simplify VettaFi Private Credit Strategy ETF	9.13%	2.30%

Frequently Asked Questions

Can I hold both DINE and PCR in my portfolio?

DINE and PCR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DINE or PCR?

On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DINE or PCR?

DINE is cheaper with a 0.15% expense ratio, compared with 0.76% for PCR.

Which ETF pays a higher dividend yield, DINE or PCR?

PCR has the higher dividend yield at 9.13%, compared with 0.20% for DINE.

What is the main difference between DINE and PCR?

DINE is categorized as Multistrategy, while PCR is Nontraditional Bonds. Their fees differ too: 0.15% for DINE and 0.76% for PCR.