PCLO vs. GDT

Last updated Jun 4, 2026

PCLO (Virtus SEIX AAA Private Credit CLO ETF) and GDT (WisdomTree Efficient TIPS Plus Gold Fund) are both exchange-traded funds - PCLO is a CLO fund actively managed by Virtus, while GDT is a Tactical Allocation fund actively managed by WisdomTree. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. PCLO charges 0.29%/yr vs 0.30%/yr for GDT.

Performance

PCLO vs. GDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus SEIX AAA Private Credit CLO ETF (PCLO) and WisdomTree Efficient TIPS Plus Gold Fund (GDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCLO

• 1D: 0.08%
• 1M: 0.42%
• YTD: 1.97%
• 6M: 2.29%
• 1Y: 5.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDT

• 1D: -0.85%
• 1M: -1.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCLO vs. GDT - Yearly Performance Comparison

	2026 (YTD)
PCLO Virtus SEIX AAA Private Credit CLO ETF	1.69%
GDT WisdomTree Efficient TIPS Plus Gold Fund	-8.05%

Correlation

The correlation between PCLO and GDT is -0.03, 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 Jan 23, 2026	-0.03

Return for Risk

PCLO vs. GDT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCLO

PCLO Risk / Return Rank: 99
PCLO Sharpe Ratio Rank: 98
PCLO Sortino Ratio Rank: 99
PCLO Omega Ratio Rank: 99
PCLO Calmar Ratio Rank: 99
PCLO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCLO vs. GDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus SEIX AAA Private Credit CLO ETF (PCLO) and WisdomTree Efficient TIPS Plus Gold Fund (GDT). 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	GDT	Difference
Sharpe ratio: Return per unit of total volatility	5.94	—	—
Sortino ratio: Return per unit of downside risk	10.34	—	—
Omega ratio: Gain probability vs. loss probability	2.76	—	—
Calmar ratio: Return relative to maximum drawdown	20.27	—	—
Martin ratio: Return relative to average drawdown	123.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PCLO	GDT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.62	-0.63	+5.25

Drawdowns

PCLO vs. GDT - Drawdown Comparison

The maximum PCLO drawdown since its inception was -0.76%, smaller than the maximum GDT drawdown of -18.06%. Use the drawdown chart below to compare losses from any high point for PCLO and GDT.

Drawdown Indicators

	PCLO	GDT	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-18.06%	+17.30%
Max Drawdown (1Y) Largest decline over 1 year	-0.26%	—	—
Current Drawdown Current decline from peak	0.00%	-16.07%	+16.07%
Average Drawdown Average peak-to-trough decline	-0.03%	-9.90%	+9.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	—	—

Volatility

Volatility by Period

	PCLO	GDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.90%	33.36%	-32.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.15%	33.36%	-32.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.15%	33.36%	-32.21%

PCLO vs. GDT - Expense Ratio Comparison

PCLO has a 0.29% expense ratio, which is lower than GDT's 0.30% expense ratio.

Dividends

PCLO vs. GDT - Dividend Comparison

PCLO's dividend yield for the trailing twelve months is around 5.27%, more than GDT's 1.77% yield.

Position	TTM	2025	2024
GDT WisdomTree Efficient TIPS Plus Gold Fund	1.77%	0.00%	0.00%
PCLO Virtus SEIX AAA Private Credit CLO ETF	5.27%	5.53%	0.44%

Frequently Asked Questions

Can I hold both PCLO and GDT in my portfolio?

PCLO and GDT have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCLO or GDT?

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.

Which ETF is cheaper, PCLO or GDT?

PCLO is cheaper with a 0.29% expense ratio, compared with 0.30% for GDT.

Which ETF pays a higher dividend yield, PCLO or GDT?

PCLO has the higher dividend yield at 5.27%, compared with 1.77% for GDT.

What is the main difference between PCLO and GDT?

PCLO is categorized as CLO, while GDT is Tactical Allocation. They also come from different issuers: Virtus and WisdomTree. Their fees differ too: 0.29% for PCLO and 0.30% for GDT.