SPLS vs. LCO

Last updated Jun 24, 2026

SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) and LCO (LOGIQ Contrarian Opportunities ETF) are both Diversified Portfolio funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. SPLS charges 0.18%/yr vs 1.13%/yr for LCO.

Performance

SPLS vs. LCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS) and LOGIQ Contrarian Opportunities ETF (LCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPLS

• 1D: -1.47%
• 1M: -1.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LCO

• 1D: -2.93%
• 1M: -2.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPLS vs. LCO - Yearly Performance Comparison

	2026 (YTD)
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	6.75%
LCO LOGIQ Contrarian Opportunities ETF	2.85%

Correlation

The correlation between SPLS and LCO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026	0.69

Return for Risk

SPLS vs. LCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS) and LOGIQ Contrarian Opportunities ETF (LCO). 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

SPLS vs. LCO - Drawdown Comparison

The maximum SPLS drawdown since its inception was -9.24%, smaller than the maximum LCO drawdown of -11.20%. Use the drawdown chart below to compare losses from any high point for SPLS and LCO.

Drawdown Indicators

	SPLS	LCO	Difference
Max Drawdown Largest peak-to-trough decline	-9.24%	-11.20%	+1.96%
Current Drawdown Current decline from peak	-3.05%	-6.49%	+3.44%
Average Drawdown Average peak-to-trough decline	-1.87%	-4.51%	+2.64%

Volatility

Volatility by Period

	SPLS	LCO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	26.01%	-10.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	26.01%	-10.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.61%	26.01%	-10.40%

SPLS vs. LCO - Expense Ratio Comparison

SPLS has a 0.18% expense ratio, which is lower than LCO's 1.13% expense ratio.

Dividends

SPLS vs. LCO - Dividend Comparison

SPLS's dividend yield for the trailing twelve months is around 0.22%, while LCO has not paid dividends to shareholders.

Position	TTM
LCO LOGIQ Contrarian Opportunities ETF	0.00%
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF	0.22%

Frequently Asked Questions

Can I hold both SPLS and LCO in my portfolio?

SPLS and LCO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPLS or LCO?

On fees, SPLS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPLS or LCO?

SPLS is cheaper with a 0.18% expense ratio, compared with 1.13% for LCO.

Which ETF pays a higher dividend yield, SPLS or LCO?

SPLS has the higher dividend yield at 0.22%, compared with 0.00% for LCO.

What is the main difference between SPLS and LCO?

They also come from different issuers: PIMCO and LOGIQ. Their fees differ too: 0.18% for SPLS and 1.13% for LCO.