PCR vs. DINE

Last updated Jul 1, 2026

PCR (Simplify VettaFi Private Credit Strategy ETF) and DINE (Simplify Tax Aware Diversified Income Strategy ETF) are both Multistrategy funds from Simplify. PCR is passively managed, while DINE is actively managed. At a 0.24 correlation, their price movements are largely independent.

Performance

PCR vs. DINE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify VettaFi Private Credit Strategy ETF (PCR) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCR

• 1D: 0.12%
• 1M: -0.76%
• YTD: -10.18%
• 6M: -10.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DINE

• 1D: 0.10%
• 1M: 0.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCR vs. DINE - Yearly Performance Comparison

	2026 (YTD)
PCR Simplify VettaFi Private Credit Strategy ETF	-5.80%
DINE Simplify Tax Aware Diversified Income Strategy ETF	1.68%

Correlation

The correlation between PCR and DINE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.24

Return for Risk

PCR vs. DINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify VettaFi Private Credit Strategy ETF (PCR) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PCR vs. DINE - Drawdown Comparison

The maximum PCR drawdown since its inception was -20.07%, which is greater than DINE's maximum drawdown of -1.23%. Use the drawdown chart below to compare losses from any high point for PCR and DINE.

Drawdown Indicators

	PCR	DINE	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-1.23%	-18.84%
Current Drawdown Current decline from peak	-15.33%	0.00%	-15.33%
Average Drawdown Average peak-to-trough decline	-9.82%	-0.25%	-9.57%

Volatility

Volatility by Period

	PCR	DINE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	4.28%	+14.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	4.28%	+14.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	4.28%	+14.31%

Dividends

PCR vs. DINE - Dividend Comparison

PCR's dividend yield for the trailing twelve months is around 8.86%, more than DINE's 0.20% yield.

Position	TTM	2025
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%	0.00%
PCR Simplify VettaFi Private Credit Strategy ETF	8.86%	2.30%

Frequently Asked Questions

Can I hold both PCR and DINE in my portfolio?

PCR and DINE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, PCR or DINE?

PCR has the higher dividend yield at 8.86%, compared with 0.20% for DINE.