FARX vs. PCR

Last updated Aug 1, 2026

FARX (Frontier Asset Absolute Return ETF) and PCR (Simplify VettaFi Private Credit Strategy ETF) are both exchange-traded funds - FARX is a Multistrategy fund actively managed by Frontier, while PCR is a Nontraditional Bonds fund actively managed by Simplify. Both are actively managed. Their 0.17 correlation means their historical movements had little consistent relationship. FARX charges 1.00%/yr vs 0.76%/yr for PCR.

Performance

FARX vs. PCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset Absolute Return ETF (FARX) and Simplify VettaFi Private Credit Strategy ETF (PCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FARX achieves a 8.85% return, which is significantly higher than PCR's -12.93% return.

FARX

• 1D: 0.26%
• 1M: 1.45%
• 6M: 5.21%
• YTD: 8.85%
• 1Y: 18.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.25%

PCR

• 1D: -0.02%
• 1M: -2.90%
• 6M: -12.30%
• YTD: -12.93%
• 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)
FARX Frontier Asset Absolute Return ETF	$13.77K	$28.36K	$41.16K
PCR Simplify VettaFi Private Credit Strategy ETF	$20.58K	$13.21K	$13.34K

FARX vs. PCR - Yearly Performance Comparison

	2026 (YTD)	2025
FARX Frontier Asset Absolute Return ETF	8.85%	4.01%
PCR Simplify VettaFi Private Credit Strategy ETF	-12.93%	-5.73%

Correlation

The correlation between FARX and PCR is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.17

Return for Risk

FARX vs. PCR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FARX

FARX Risk / Return Rank: 93
FARX Sharpe Ratio Rank: 93
FARX Sortino Ratio Rank: 92
FARX Omega Ratio Rank: 93
FARX Calmar Ratio Rank: 96
FARX Martin Ratio Rank: 94

PCR

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FARX vs. PCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Absolute Return ETF (FARX) 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.

	FARX	PCR	Difference
Sharpe ratio: Return per unit of total volatility	2.46	—	—
Sortino ratio: Return per unit of downside risk	3.35	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	6.04	—	—
Martin ratio: Return relative to average drawdown	18.24	—	—

Drawdowns

FARX vs. PCR - Drawdown Comparison

The maximum FARX drawdown since its inception was -5.83%, smaller than the maximum PCR drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for FARX and PCR.

Drawdown Indicators

	FARX	PCR	Difference
Max Drawdown Largest peak-to-trough decline	-5.83%	-20.07%	+14.24%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	—	—
Current Drawdown Current decline from peak	-0.99%	-17.92%	+16.93%
Average Drawdown Average peak-to-trough decline	-1.08%	-10.51%	+9.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	—	—

Volatility

Volatility by Period

	FARX	PCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.36%	18.14%	-10.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.99%	18.14%	-11.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.99%	18.14%	-11.15%

FARX vs. PCR - Expense Ratio Comparison

FARX has a 1.00% expense ratio, which is higher than PCR's 0.76% expense ratio.

Dividends

FARX vs. PCR - Dividend Comparison

FARX's dividend yield for the trailing twelve months is around 2.87%, less than PCR's 10.25% yield.

Position	TTM	2025	2024
FARX Frontier Asset Absolute Return ETF	2.87%	3.25%	0.19%
PCR Simplify VettaFi Private Credit Strategy ETF	10.25%	2.30%	0.00%

Frequently Asked Questions

Can I hold both FARX and PCR in my portfolio?

FARX and PCR have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FARX or PCR?

On fees, PCR is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FARX or PCR?

PCR is cheaper with a 0.76% expense ratio, compared with 1.00% for FARX.

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

PCR has the higher dividend yield at 10.25%, compared with 2.87% for FARX.

What is the main difference between FARX and PCR?

FARX is categorized as Multistrategy, while PCR is Nontraditional Bonds. They also come from different issuers: Frontier and Simplify. Their fees differ too: 1.00% for FARX and 0.76% for PCR.