VDI vs. PCLO

Last updated Jun 5, 2026

VDI (Virtus International Dividend ETF) and PCLO (Virtus SEIX AAA Private Credit CLO ETF) are both exchange-traded funds - VDI is a Foreign Large Cap Equities fund actively managed by Virtus, while PCLO is a CLO fund actively managed by Virtus. Both are actively managed. At a 0.00 correlation, their price movements are largely independent. VDI charges 0.39%/yr vs 0.29%/yr for PCLO.

Performance

VDI vs. PCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus International Dividend ETF (VDI) and Virtus SEIX AAA Private Credit CLO ETF (PCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDI achieves a 14.23% return, which is significantly higher than PCLO's 1.99% return.

VDI

• 1D: 0.72%
• 1M: 3.02%
• YTD: 14.23%
• 6M: 17.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCLO

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.99%
• 6M: 2.33%
• 1Y: 5.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VDI vs. PCLO - Yearly Performance Comparison

	2026 (YTD)	2025
VDI Virtus International Dividend ETF	14.23%	3.17%
PCLO Virtus SEIX AAA Private Credit CLO ETF	1.99%	0.32%

Correlation

The correlation between VDI and PCLO is 0.00, 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, 2025	0.00

Return for Risk

VDI vs. PCLO — 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: 98
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.

VDI vs. PCLO - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	VDI	PCLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.44	4.63	-2.19

Drawdowns

VDI vs. PCLO - Drawdown Comparison

The maximum VDI drawdown since its inception was -10.40%, which is greater than PCLO's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for VDI and PCLO.

Drawdown Indicators

	VDI	PCLO	Difference
Max Drawdown Largest peak-to-trough decline	-10.40%	-0.76%	-9.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.26%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.83%	-0.03%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	VDI	PCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	0.90%	+15.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	1.15%	+15.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	1.15%	+15.02%

VDI vs. PCLO - Expense Ratio Comparison

VDI has a 0.39% expense ratio, which is higher than PCLO's 0.29% expense ratio.

Dividends

VDI vs. PCLO - Dividend Comparison

VDI's dividend yield for the trailing twelve months is around 0.62%, less than PCLO's 5.27% yield.

Position	TTM	2025	2024
PCLO Virtus SEIX AAA Private Credit CLO ETF	5.27%	5.53%	0.44%
VDI Virtus International Dividend ETF	0.62%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VDI and PCLO in my portfolio?

VDI and PCLO 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.

Which ETF is better, VDI or PCLO?

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, VDI or PCLO?

PCLO is cheaper with a 0.29% expense ratio, compared with 0.39% for VDI.

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

PCLO has the higher dividend yield at 5.27%, compared with 0.62% for VDI.

What is the main difference between VDI and PCLO?

VDI is categorized as Foreign Large Cap Equities, while PCLO is CLO. Their fees differ too: 0.39% for VDI and 0.29% for PCLO.