PCLO vs. FCA
PCLO (Virtus SEIX AAA Private Credit CLO ETF) and FCA (First Trust China AlphaDEX Fund) are both exchange-traded funds - PCLO is a CLO fund actively managed by Virtus, while FCA is a China Equities fund tracking the NASDAQ AlphaDEX China Index. PCLO is actively managed, while FCA is passively managed. Over the past year, PCLO returned 5.30% vs 44.72% for FCA. At a 0.00 correlation, their price movements are largely independent. PCLO charges 0.29%/yr vs 0.80%/yr for FCA.
Performance
PCLO vs. FCA - Performance Comparison
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Returns By Period
In the year-to-date period, PCLO achieves a 1.97% return, which is significantly lower than FCA's 11.99% return.
PCLO
- 1D
- 0.08%
- 1M
- 0.42%
- YTD
- 1.97%
- 6M
- 2.29%
- 1Y
- 5.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCA
- 1D
- 0.41%
- 1M
- -2.70%
- YTD
- 11.99%
- 6M
- 10.11%
- 1Y
- 44.72%
- 3Y*
- 20.23%
- 5Y*
- 5.03%
- 10Y*
- 9.93%
PCLO vs. FCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PCLO Virtus SEIX AAA Private Credit CLO ETF | 1.97% | 5.39% | 0.50% |
FCA First Trust China AlphaDEX Fund | 11.99% | 45.20% | 0.50% |
Correlation
The correlation between PCLO and FCA is -0.09, 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 (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.00 |
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Return for Risk
PCLO vs. FCA — Risk / Return Rank
PCLO
FCA
PCLO vs. FCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus SEIX AAA Private Credit CLO ETF (PCLO) and First Trust China AlphaDEX Fund (FCA). 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.
| PCLO | FCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.92 | ||
| Sortino ratioReturn per unit of downside risk | +7.77 | ||
| Omega ratioGain probability vs. loss probability | 2.76 | 1.34 | +1.42 |
| Calmar ratioReturn relative to maximum drawdown | 20.27 | 4.04 | +16.24 |
| Martin ratioReturn relative to average drawdown | 123.68 | 11.48 | +112.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCLO | FCA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.94 | 2.02 | +3.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.62 | 0.13 | +4.49 |
Drawdowns
PCLO vs. FCA - Drawdown Comparison
The maximum PCLO drawdown since its inception was -0.76%, smaller than the maximum FCA drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for PCLO and FCA.
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Drawdown Indicators
| PCLO | FCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -45.56% | +44.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.26% | -11.13% | +10.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.47% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.50% | +8.50% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -21.62% | +21.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 3.91% | -3.87% |
Volatility
PCLO vs. FCA - Volatility Comparison
The current volatility for Virtus SEIX AAA Private Credit CLO ETF (PCLO) is 0.25%, while First Trust China AlphaDEX Fund (FCA) has a volatility of 8.33%. This indicates that PCLO experiences smaller price fluctuations and is considered to be less risky than FCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLO | FCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 8.33% | -8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 16.57% | -15.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 22.29% | -21.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.15% | 27.59% | -26.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.15% | 26.63% | -25.48% |
PCLO vs. FCA - Expense Ratio Comparison
PCLO has a 0.29% expense ratio, which is lower than FCA's 0.80% expense ratio.
Dividends
PCLO vs. FCA - Dividend Comparison
PCLO's dividend yield for the trailing twelve months is around 5.27%, more than FCA's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCA First Trust China AlphaDEX Fund | 2.30% | 2.67% | 5.17% | 5.70% | 6.00% | 4.91% | 4.12% | 3.73% | 3.10% | 2.30% | 2.51% | 4.13% |
PCLO Virtus SEIX AAA Private Credit CLO ETF | 5.27% | 5.53% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCLO and FCA have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCA has higher volatility (8.33%) compared to PCLO (0.25%). In terms of maximum drawdown, PCLO dropped -0.76% vs FCA's -45.56%.
On 1-year performance, FCA leads with 44.72% vs 5.30% for PCLO. On fees, PCLO is cheaper at 0.29% per year. On volatility, PCLO has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FCA has performed better with a 44.72% return vs 5.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PCLO is cheaper with a 0.29% expense ratio, compared with 0.80% for FCA.
PCLO has the higher dividend yield at 5.27%, compared with 2.30% for FCA.
PCLO is categorized as CLO, while FCA is China Equities. They also come from different issuers: Virtus and First Trust. Their fees differ too: 0.29% for PCLO and 0.80% for FCA.
PCLO currently has the higher Sharpe Ratio (5.94 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.
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