LCO vs. SPLS

Last updated Jun 23, 2026

LCO (LOGIQ Contrarian Opportunities ETF) and SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) are both Diversified Portfolio funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. LCO charges 1.13%/yr vs 0.18%/yr for SPLS.

Performance

LCO vs. SPLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LOGIQ Contrarian Opportunities ETF (LCO) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LCO

• 1D: -0.08%
• 1M: 0.61%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPLS

• 1D: -0.54%
• 1M: 0.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCO vs. SPLS - Yearly Performance Comparison

	2026 (YTD)
LCO LOGIQ Contrarian Opportunities ETF	5.95%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	8.34%

Correlation

The correlation between LCO and SPLS is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026	0.68

Return for Risk

LCO vs. SPLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LOGIQ Contrarian Opportunities ETF (LCO) and PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS). 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

LCO vs. SPLS - Drawdown Comparison

The maximum LCO drawdown since its inception was -11.20%, which is greater than SPLS's maximum drawdown of -9.24%. Use the drawdown chart below to compare losses from any high point for LCO and SPLS.

Drawdown Indicators

	LCO	SPLS	Difference
Max Drawdown Largest peak-to-trough decline	-11.20%	-9.24%	-1.96%
Current Drawdown Current decline from peak	-3.67%	-1.60%	-2.07%
Average Drawdown Average peak-to-trough decline	-4.49%	-1.86%	-2.63%

Volatility

Volatility by Period

	LCO	SPLS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.73%	15.51%	+10.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.73%	15.51%	+10.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.73%	15.51%	+10.22%

LCO vs. SPLS - Expense Ratio Comparison

LCO has a 1.13% expense ratio, which is higher than SPLS's 0.18% expense ratio.

Dividends

LCO vs. SPLS - Dividend Comparison

LCO has not paid dividends to shareholders, while SPLS's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM
LCO LOGIQ Contrarian Opportunities ETF	0.00%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.22%

Frequently Asked Questions

Can I hold both LCO and SPLS in my portfolio?

LCO and SPLS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCO or SPLS?

On fees, SPLS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LCO or SPLS?

SPLS is cheaper with a 0.18% expense ratio, compared with 1.13% for LCO.

Which ETF pays a higher dividend yield, LCO or SPLS?

SPLS has the higher dividend yield at 0.22%, compared with 0.00% for LCO.

What is the main difference between LCO and SPLS?

They also come from different issuers: LOGIQ and PIMCO. Their fees differ too: 1.13% for LCO and 0.18% for SPLS.