HOLD vs. PCR

Last updated Jul 17, 2026

HOLD (Harbor Alpha Layering ETF) and PCR (Simplify VettaFi Private Credit Strategy ETF) are both Multistrategy funds. HOLD is actively managed, while PCR is passively managed. At a 0.14 correlation, their price movements are largely independent.

Performance

HOLD vs. PCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Alpha Layering ETF (HOLD) 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, HOLD achieves a 4.88% return, which is significantly higher than PCR's -9.62% return.

HOLD

• 1D: -0.07%
• 1M: -2.78%
• 6M: 3.40%
• YTD: 4.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCR

• 1D: 0.41%
• 1M: 1.72%
• 6M: -11.85%
• YTD: -9.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLD vs. PCR - Yearly Performance Comparison

	2026 (YTD)	2025
HOLD Harbor Alpha Layering ETF	4.88%	5.43%
PCR Simplify VettaFi Private Credit Strategy ETF	-9.62%	-5.73%

Correlation

The correlation between HOLD and PCR is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.14

Return for Risk

HOLD vs. PCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) 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

HOLD vs. PCR - Drawdown Comparison

The maximum HOLD drawdown since its inception was -9.47%, smaller than the maximum PCR drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for HOLD and PCR.

Drawdown Indicators

	HOLD	PCR	Difference
Max Drawdown Largest peak-to-trough decline	-9.47%	-20.07%	+10.60%
Current Drawdown Current decline from peak	-8.04%	-14.80%	+6.76%
Average Drawdown Average peak-to-trough decline	-2.45%	-10.14%	+7.69%

Volatility

Volatility by Period

	HOLD	PCR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	18.27%	-2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	18.27%	-2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	18.27%	-2.82%

Dividends

HOLD vs. PCR - Dividend Comparison

HOLD's dividend yield for the trailing twelve months is around 6.98%, less than PCR's 8.81% yield.

Position	TTM	2025
HOLD Harbor Alpha Layering ETF	6.98%	7.32%
PCR Simplify VettaFi Private Credit Strategy ETF	8.81%	2.30%

Frequently Asked Questions

Can I hold both HOLD and PCR in my portfolio?

HOLD and PCR have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

PCR has the higher dividend yield at 8.81%, compared with 6.98% for HOLD.

What is the main difference between HOLD and PCR?

They also come from different issuers: Harbor and Simplify.