PCLO vs. UTES
PCLO (Virtus SEIX AAA Private Credit CLO ETF) and UTES (Virtus Reaves Utilities ETF) are both exchange-traded funds - PCLO is a CLO fund actively managed by Virtus, while UTES is a Utilities Equities fund actively managed by Virtus. Both are actively managed. Over the past year, PCLO returned 5.10% vs -2.59% for UTES. Their 0.10 correlation means their historical movements had little consistent relationship. PCLO charges 0.29%/yr vs 0.49%/yr for UTES.
Performance
PCLO vs. UTES - Performance Comparison
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Returns By Period
In the year-to-date period, PCLO achieves a 2.68% return, which is significantly higher than UTES's 0.36% return.
PCLO
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- 2.19%
- YTD
- 2.68%
- 1Y
- 5.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.14%
UTES
- 1D
- 1.44%
- 1M
- -2.90%
- 6M
- 3.82%
- YTD
- 0.36%
- 1Y
- -2.59%
- 3Y*
- 22.82%
- 5Y*
- 14.89%
- 10Y*
- 12.14%
- ALL TIME*
- 13.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $90.83K | $132.76K | $166.26K | |
| $11.31M | $10.12M | $13.80M |
PCLO vs. UTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PCLO Virtus SEIX AAA Private Credit CLO ETF | 2.68% | 5.39% | 0.46% |
UTES Virtus Reaves Utilities ETF | 0.36% | 25.71% | -6.29% |
Correlation
The correlation between PCLO and UTES is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | 0.10 |
The correlation between PCLO and UTES shifts across timeframes, from -0.00 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PCLO vs. UTES — Risk / Return Rank
PCLO
UTES
PCLO vs. UTES - 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 Reaves Utilities ETF (UTES). 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 | UTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.24 | ||
| Sortino ratioReturn per unit of downside risk | +11.25 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.00 | +1.70 |
| Calmar ratioReturn relative to maximum drawdown | 19.50 | -0.19 | +19.69 |
| Martin ratioReturn relative to average drawdown | 120.92 | -0.39 | +121.31 |
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Drawdowns
PCLO vs. UTES - Drawdown Comparison
The maximum PCLO drawdown since its inception was -0.76%, smaller than the maximum UTES drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for PCLO and UTES.
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Drawdown Indicators
| PCLO | UTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -35.39% | +34.63% |
Max Drawdown (1Y)Largest decline over 1 year | -0.26% | -13.88% | +13.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.39% | — |
Current DrawdownCurrent decline from peak | 0.00% | -9.00% | +9.00% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -5.54% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 6.74% | -6.70% |
Volatility
PCLO vs. UTES - Volatility Comparison
The current volatility for Virtus SEIX AAA Private Credit CLO ETF (PCLO) is 0.22%, while Virtus Reaves Utilities ETF (UTES) has a volatility of 5.50%. This indicates that PCLO experiences smaller price fluctuations and is considered to be less risky than UTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCLO | UTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 5.50% | -5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 16.23% | -15.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 21.46% | -20.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.12% | 20.75% | -19.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 20.27% | -19.15% |
PCLO vs. UTES - Expense Ratio Comparison
PCLO has a 0.29% expense ratio, which is lower than UTES's 0.49% expense ratio.
Dividends
PCLO vs. UTES - Dividend Comparison
PCLO's dividend yield for the trailing twelve months is around 5.19%, more than UTES's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLO Virtus SEIX AAA Private Credit CLO ETF | 5.19% | 5.53% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTES Virtus Reaves Utilities ETF | 1.51% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
Frequently Asked Questions
PCLO and UTES have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTES has higher volatility (5.50%) compared to PCLO (0.22%). In terms of maximum drawdown, PCLO dropped -0.76% vs UTES's -35.39%.
On 1-year performance, PCLO leads with 5.10% vs -2.59% for UTES. On fees, PCLO is cheaper at 0.29% per year. On volatility, PCLO has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PCLO has performed better with a 5.10% return vs -2.59%. 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 0.49% for UTES.
PCLO has the higher dividend yield at 5.19%, compared with 1.51% for UTES.
PCLO is categorized as CLO, while UTES is Utilities Equities. Their fees differ too: 0.29% for PCLO and 0.49% for UTES.
PCLO currently has the higher Sharpe Ratio (6.11 vs -0.12), 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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