PCLO vs. ASGM
PCLO (Virtus SEIX AAA Private Credit CLO ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both exchange-traded funds - PCLO is a CLO fund actively managed by Virtus, while ASGM is a Tactical Allocation fund actively managed by Virtus. Both are actively managed. At a 0.02 correlation, their price movements are largely independent. PCLO charges 0.29%/yr vs 0.86%/yr for ASGM.
Performance
PCLO vs. ASGM - Performance Comparison
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Returns By Period
In the year-to-date period, PCLO achieves a 2.09% return, which is significantly lower than ASGM's 17.56% return.
PCLO
- 1D
- -0.06%
- 1M
- 0.22%
- YTD
- 2.09%
- 6M
- 2.23%
- 1Y
- 5.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASGM
- 1D
- -2.93%
- 1M
- -1.26%
- YTD
- 17.56%
- 6M
- 17.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCLO vs. ASGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCLO Virtus SEIX AAA Private Credit CLO ETF | 2.09% | 2.32% |
ASGM Virtus AlphaSimplex Global Macro ETF | 17.56% | 11.08% |
Correlation
The correlation between PCLO and ASGM is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.02 |
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Return for Risk
PCLO vs. ASGM — Risk / Return Rank
PCLO
ASGM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PCLO vs. ASGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus SEIX AAA Private Credit CLO ETF (PCLO) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.
| PCLO | ASGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.65 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 19.72 | — | — |
| Martin ratioReturn relative to average drawdown | 114.96 | — | — |
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Drawdowns
PCLO vs. ASGM - Drawdown Comparison
The maximum PCLO drawdown since its inception was -0.76%, smaller than the maximum ASGM drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for PCLO and ASGM.
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Drawdown Indicators
| PCLO | ASGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -6.62% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.26% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -4.56% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -1.34% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | — | — |
Volatility
PCLO vs. ASGM - Volatility Comparison
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Volatility by Period
| PCLO | ASGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.91% | 17.01% | -16.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.14% | 17.01% | -15.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.14% | 17.01% | -15.87% |
PCLO vs. ASGM - Expense Ratio Comparison
PCLO has a 0.29% expense ratio, which is lower than ASGM's 0.86% expense ratio.
Dividends
PCLO vs. ASGM - Dividend Comparison
PCLO's dividend yield for the trailing twelve months is around 5.25%, more than ASGM's 3.84% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ASGM Virtus AlphaSimplex Global Macro ETF | 3.84% | 4.52% | 0.00% |
PCLO Virtus SEIX AAA Private Credit CLO ETF | 5.25% | 5.53% | 0.44% |
Frequently Asked Questions
PCLO and ASGM have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PCLO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PCLO is cheaper with a 0.29% expense ratio, compared with 0.86% for ASGM.
PCLO has the higher dividend yield at 5.25%, compared with 3.84% for ASGM.
PCLO is categorized as CLO, while ASGM is Tactical Allocation. Their fees differ too: 0.29% for PCLO and 0.86% for ASGM.
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