PCLO vs. HSRT

Last updated Jun 4, 2026

PCLO (Virtus SEIX AAA Private Credit CLO ETF) and HSRT (Hartford AAA CLO ETF) are both CLO funds. PCLO is actively managed, while HSRT is passively managed. At a 0.08 correlation, their price movements are largely independent. PCLO charges 0.29%/yr vs 0.24%/yr for HSRT.

Performance

PCLO vs. HSRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus SEIX AAA Private Credit CLO ETF (PCLO) and Hartford AAA CLO ETF (HSRT). 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*: —

HSRT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCLO vs. HSRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PCLO Virtus SEIX AAA Private Credit CLO ETF	1.97%	5.39%	0.50%
HSRT Hartford AAA CLO ETF	0.00%	0.60%	0.38%

Correlation

The correlation between PCLO and HSRT is 0.08, 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 Dec 4, 2024	0.08

Return for Risk

PCLO vs. HSRT — 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. HSRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus SEIX AAA Private Credit CLO ETF (PCLO) and Hartford AAA CLO ETF (HSRT). 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	HSRT	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	HSRT	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	—	—

Drawdowns

Drawdown Indicators

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

Volatility

Volatility by Period

	PCLO	HSRT	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.15%	—	—

PCLO vs. HSRT - Expense Ratio Comparison

PCLO has a 0.29% expense ratio, which is higher than HSRT's 0.24% expense ratio.

Dividends

PCLO vs. HSRT - Dividend Comparison

PCLO's dividend yield for the trailing twelve months is around 5.27%, while HSRT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HSRT Hartford AAA CLO ETF	0.00%	1.29%	6.37%	3.98%	2.67%	2.23%	2.88%	3.50%	1.62%
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%

Frequently Asked Questions

Can I hold both PCLO and HSRT in my portfolio?

PCLO and HSRT have a correlation of 0.08, 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 HSRT?

On fees, HSRT is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCLO or HSRT?

HSRT is cheaper with a 0.24% expense ratio, compared with 0.29% for PCLO.

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

PCLO has the higher dividend yield at 5.27%, compared with 0.00% for HSRT.

What is the main difference between PCLO and HSRT?

They also come from different issuers: Virtus and Hartford. Their fees differ too: 0.29% for PCLO and 0.24% for HSRT.