DUSA vs. PCLO

Last updated Jun 24, 2026

DUSA (Davis Select U.S. Equity ETF) and PCLO (Virtus SEIX AAA Private Credit CLO ETF) are both exchange-traded funds - DUSA is a Large Cap Blend Equities fund actively managed by Davis Advisers, while PCLO is a CLO fund actively managed by Virtus. Both are actively managed. Over the past year, DUSA returned 25.67% vs 5.15% for PCLO. At a 0.03 correlation, their price movements are largely independent. DUSA charges 0.62%/yr vs 0.29%/yr for PCLO.

Performance

DUSA vs. PCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select U.S. Equity ETF (DUSA) and Virtus SEIX AAA Private Credit CLO ETF (PCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSA achieves a 8.86% return, which is significantly higher than PCLO's 2.09% return.

DUSA

• 1D: -0.18%
• 1M: -0.46%
• YTD: 8.86%
• 6M: 8.60%
• 1Y: 25.67%
• 3Y*: 23.22%
• 5Y*: 11.19%
• 10Y*: —

PCLO

• 1D: -0.06%
• 1M: 0.22%
• YTD: 2.09%
• 6M: 2.23%
• 1Y: 5.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUSA vs. PCLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUSA Davis Select U.S. Equity ETF	8.86%	22.57%	-5.78%
PCLO Virtus SEIX AAA Private Credit CLO ETF	2.09%	5.39%	0.46%

Correlation

The correlation between DUSA and PCLO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.03

The correlation between DUSA and PCLO shifts across timeframes, from -0.12 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DUSA vs. PCLO — Risk / Return Rank

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

DUSA

DUSA Risk / Return Rank: 67
DUSA Sharpe Ratio Rank: 66
DUSA Sortino Ratio Rank: 65
DUSA Omega Ratio Rank: 63
DUSA Calmar Ratio Rank: 71
DUSA Martin Ratio Rank: 67

PCLO

PCLO Risk / Return Rank: 99
PCLO Sharpe Ratio Rank: 98
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.

DUSA vs. PCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select U.S. Equity ETF (DUSA) 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.

	DUSA	PCLO	Difference
Sharpe ratio: Return per unit of total volatility	2.02	5.72	-3.70
Sortino ratio: Return per unit of downside risk	2.79	9.91	-7.13
Omega ratio: Gain probability vs. loss probability	1.36	2.65	-1.29
Calmar ratio: Return relative to maximum drawdown	3.40	19.72	-16.32
Martin ratio: Return relative to average drawdown	11.53	114.96	-103.44

DUSA vs. PCLO - Sharpe Ratio Comparison

The current DUSA Sharpe Ratio is 2.02, which is lower than the PCLO Sharpe Ratio of 5.72. The chart below compares the historical Sharpe Ratios of DUSA and PCLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUSA vs. PCLO - Drawdown Comparison

The maximum DUSA drawdown since its inception was -36.71%, which is greater than PCLO's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for DUSA and PCLO.

Drawdown Indicators

	DUSA	PCLO	Difference
Max Drawdown Largest peak-to-trough decline	-36.71%	-0.76%	-35.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-0.26%	-7.33%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	—	—
Current Drawdown Current decline from peak	-1.64%	-0.08%	-1.56%
Average Drawdown Average peak-to-trough decline	-6.69%	-0.03%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	0.04%	+2.19%

Volatility

DUSA vs. PCLO - Volatility Comparison

Davis Select U.S. Equity ETF (DUSA) has a higher volatility of 3.25% compared to Virtus SEIX AAA Private Credit CLO ETF (PCLO) at 0.23%. This indicates that DUSA's price experiences larger fluctuations and is considered to be riskier than PCLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSA	PCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	0.23%	+3.02%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	0.70%	+7.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	0.91%	+11.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	1.14%	+17.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	1.14%	+18.67%

DUSA vs. PCLO - Expense Ratio Comparison

DUSA has a 0.62% expense ratio, which is higher than PCLO's 0.29% expense ratio.

Dividends

DUSA vs. PCLO - Dividend Comparison

DUSA's dividend yield for the trailing twelve months is around 0.88%, less than PCLO's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSA Davis Select U.S. Equity ETF	0.88%	0.96%	0.85%	3.38%	1.21%	1.12%	0.51%	1.12%	2.77%	0.68%
PCLO Virtus SEIX AAA Private Credit CLO ETF	5.25%	5.53%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUSA and PCLO in my portfolio?

DUSA and PCLO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSA or PCLO?

DUSA has higher volatility (3.25%) compared to PCLO (0.23%). In terms of maximum drawdown, DUSA dropped -36.71% vs PCLO's -0.76%.

Which ETF is better, DUSA or PCLO?

On 1-year performance, DUSA leads with 25.67% vs 5.15% for PCLO. On fees, PCLO is cheaper at 0.29% per year. On volatility, PCLO has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSA or PCLO?

Over the 1-year period, DUSA has performed better with a 25.67% return vs 5.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSA or PCLO?

PCLO is cheaper with a 0.29% expense ratio, compared with 0.62% for DUSA.

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

PCLO has the higher dividend yield at 5.25%, compared with 0.88% for DUSA.

What is the main difference between DUSA and PCLO?

DUSA is categorized as Large Cap Blend Equities, while PCLO is CLO. They also come from different issuers: Davis Advisers and Virtus. Their fees differ too: 0.62% for DUSA and 0.29% for PCLO.

Which has better risk-adjusted returns?

PCLO currently has the higher Sharpe Ratio (5.72 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.