AFSC vs. VPC

Last updated Jun 4, 2026

AFSC (abrdn Focused U.S. Small Cap Active ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - AFSC is a Small Cap Blend Equities fund actively managed by Aberdeen, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. AFSC is actively managed, while VPC is passively managed. Over the past year, AFSC returned 27.01% vs -12.88% for VPC. At a 0.49 correlation, their price movements are largely independent. AFSC charges 0.65%/yr vs 0.75%/yr for VPC.

Performance

AFSC vs. VPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Focused U.S. Small Cap Active ETF (AFSC) and Virtus Private Credit ETF (VPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFSC achieves a 16.58% return, which is significantly higher than VPC's -9.26% return.

AFSC

• 1D: -0.69%
• 1M: 1.96%
• YTD: 16.58%
• 6M: 13.48%
• 1Y: 27.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VPC

• 1D: -1.89%
• 1M: -5.24%
• YTD: -9.26%
• 6M: -10.18%
• 1Y: -12.88%
• 3Y*: 2.85%
• 5Y*: 1.17%
• 10Y*: —

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

AFSC vs. VPC - Yearly Performance Comparison

	2026 (YTD)	2025
AFSC abrdn Focused U.S. Small Cap Active ETF	16.58%	2.67%
VPC Virtus Private Credit ETF	-9.26%	-11.12%

Correlation

The correlation between AFSC and VPC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.49

Return for Risk

AFSC vs. VPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFSC

AFSC Risk / Return Rank: 47
AFSC Sharpe Ratio Rank: 42
AFSC Sortino Ratio Rank: 42
AFSC Omega Ratio Rank: 38
AFSC Calmar Ratio Rank: 54
AFSC Martin Ratio Rank: 57

VPC

VPC Risk / Return Rank: 3
VPC Sharpe Ratio Rank: 1
VPC Sortino Ratio Rank: 2
VPC Omega Ratio Rank: 2
VPC Calmar Ratio Rank: 4
VPC Martin Ratio Rank: 3

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.

AFSC vs. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Focused U.S. Small Cap Active ETF (AFSC) and Virtus Private Credit ETF (VPC). 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.

	AFSC	VPC	Difference
Sharpe ratio: Return per unit of total volatility	1.46	-0.98	+2.44
Sortino ratio: Return per unit of downside risk	2.11	-1.33	+3.43
Omega ratio: Gain probability vs. loss probability	1.25	0.85	+0.40
Calmar ratio: Return relative to maximum drawdown	2.64	-0.57	+3.21
Martin ratio: Return relative to average drawdown	9.96	-1.13	+11.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFSC vs. VPC - Sharpe Ratio Comparison

The current AFSC Sharpe Ratio is 1.46, which is higher than the VPC Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of AFSC and VPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AFSC	VPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	-0.98	+2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.20	+0.47

Drawdowns

AFSC vs. VPC - Drawdown Comparison

The maximum AFSC drawdown since its inception was -21.68%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for AFSC and VPC.

Drawdown Indicators

	AFSC	VPC	Difference
Max Drawdown Largest peak-to-trough decline	-21.68%	-53.45%	+31.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-22.76%	+12.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.86%	—
Current Drawdown Current decline from peak	-1.79%	-19.63%	+17.84%
Average Drawdown Average peak-to-trough decline	-4.15%	-7.67%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	11.45%	-8.73%

Volatility

AFSC vs. VPC - Volatility Comparison

abrdn Focused U.S. Small Cap Active ETF (AFSC) has a higher volatility of 5.49% compared to Virtus Private Credit ETF (VPC) at 3.27%. This indicates that AFSC's price experiences larger fluctuations and is considered to be riskier than VPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFSC	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	3.27%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	10.85%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	13.17%	+5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.57%	13.50%	+9.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.57%	20.56%	+2.01%

AFSC vs. VPC - Expense Ratio Comparison

AFSC has a 0.65% expense ratio, which is lower than VPC's 0.75% expense ratio.

Dividends

AFSC vs. VPC - Dividend Comparison

AFSC's dividend yield for the trailing twelve months is around 0.07%, less than VPC's 17.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFSC abrdn Focused U.S. Small Cap Active ETF	0.07%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VPC Virtus Private Credit ETF	17.30%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%

Frequently Asked Questions

Can I hold both AFSC and VPC in my portfolio?

AFSC and VPC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFSC or VPC?

AFSC has higher volatility (5.49%) compared to VPC (3.27%). In terms of maximum drawdown, AFSC dropped -21.68% vs VPC's -53.45%.

Which ETF is better, AFSC or VPC?

On 1-year performance, AFSC leads with 27.01% vs -12.88% for VPC. On fees, AFSC is cheaper at 0.65% per year. On volatility, VPC has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFSC or VPC?

Over the 1-year period, AFSC has performed better with a 27.01% return vs -12.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFSC or VPC?

AFSC is cheaper with a 0.65% expense ratio, compared with 0.75% for VPC.

Which ETF pays a higher dividend yield, AFSC or VPC?

VPC has the higher dividend yield at 17.30%, compared with 0.07% for AFSC.

What is the main difference between AFSC and VPC?

AFSC is categorized as Small Cap Blend Equities, while VPC is Nontraditional Bonds. They also come from different issuers: Aberdeen and Virtus Investment Partners. Their fees differ too: 0.65% for AFSC and 0.75% for VPC.

Which has better risk-adjusted returns?

AFSC currently has the higher Sharpe Ratio (1.46 vs -0.98), 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.