VEM vs. PCLO
VEM (Virtus Emerging Markets Dividend ETF) and PCLO (Virtus SEIX AAA Private Credit CLO ETF) are both exchange-traded funds - VEM is a Emerging Markets Equities fund actively managed by Virtus, while PCLO is a CLO fund actively managed by Virtus. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. VEM charges 0.49%/yr vs 0.29%/yr for PCLO.
Performance
VEM vs. PCLO - Performance Comparison
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Returns By Period
VEM
- 1D
- -1.75%
- 1M
- -6.50%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PCLO
- 1D
- -0.04%
- 1M
- 0.40%
- 6M
- 2.23%
- YTD
- 2.62%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $170.21K | $149.21K | $163.17K | |
| $1.18K | $2.76K | $6.90K |
VEM vs. PCLO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VEM Virtus Emerging Markets Dividend ETF | 2.66% |
PCLO Virtus SEIX AAA Private Credit CLO ETF | 2.13% |
Correlation
The correlation between VEM and PCLO is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026 | -0.02 |
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Return for Risk
VEM vs. PCLO — Risk / Return Rank
VEM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PCLO
VEM vs. PCLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Emerging Markets Dividend ETF (VEM) 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.
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.
| VEM | PCLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.75 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 19.58 | — |
| Martin ratioReturn relative to average drawdown | — | 123.42 | — |
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Drawdowns
VEM vs. PCLO - Drawdown Comparison
The maximum VEM drawdown since its inception was -13.55%, which is greater than PCLO's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for VEM and PCLO.
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Drawdown Indicators
| VEM | PCLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.55% | -0.76% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.26% | — |
Current DrawdownCurrent decline from peak | -11.26% | -0.04% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -0.03% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.04% | — |
Volatility
VEM vs. PCLO - Volatility Comparison
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Volatility by Period
| VEM | PCLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.70% | 0.82% | +29.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.70% | 1.12% | +29.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.70% | 1.12% | +29.58% |
VEM vs. PCLO - Expense Ratio Comparison
VEM has a 0.49% expense ratio, which is higher than PCLO's 0.29% expense ratio.
Dividends
VEM vs. PCLO - Dividend Comparison
VEM's dividend yield for the trailing twelve months is around 2.14%, less than PCLO's 5.19% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PCLO Virtus SEIX AAA Private Credit CLO ETF | 5.19% | 5.53% | 0.44% |
VEM Virtus Emerging Markets Dividend ETF | 2.14% | 0.00% | 0.00% |
Frequently Asked Questions
VEM and PCLO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PCLO is cheaper with a 0.29% expense ratio, compared with 0.49% for VEM.
PCLO has the higher dividend yield at 5.19%, compared with 2.14% for VEM.
VEM is categorized as Emerging Markets Equities, while PCLO is CLO. Their fees differ too: 0.49% for VEM and 0.29% for PCLO.
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