BBC vs. VPC

Last updated Jun 3, 2026

BBC (Virtus LifeSci Biotech Clinical Trials ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - BBC is a Health & Biotech Equities fund tracking the LifeSci Biotechnology Clinical Trials Index, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. Both are passively managed. Over the past 5 years, BBC returned -2.05%/yr vs 1.59%/yr for VPC. At a 0.36 correlation, their price movements are largely independent. BBC charges 0.79%/yr vs 0.75%/yr for VPC.

Performance

BBC vs. VPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus LifeSci Biotech Clinical Trials ETF (BBC) 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, BBC achieves a 8.17% return, which is significantly higher than VPC's -7.51% return.

BBC

• 1D: -4.90%
• 1M: -4.81%
• YTD: 8.17%
• 6M: 20.12%
• 1Y: 123.11%
• 3Y*: 19.82%
• 5Y*: -2.05%
• 10Y*: 7.60%

VPC

• 1D: -0.53%
• 1M: -3.41%
• YTD: -7.51%
• 6M: -7.59%
• 1Y: -11.00%
• 3Y*: 3.51%
• 5Y*: 1.59%
• 10Y*: —

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

BBC vs. VPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBC Virtus LifeSci Biotech Clinical Trials ETF	8.17%	63.77%	-1.11%	-1.80%	-35.13%	-22.31%	30.32%	49.69%
VPC Virtus Private Credit ETF	-7.51%	-6.75%	10.52%	22.20%	-11.70%	34.18%	-9.50%	9.32%

Correlation

The correlation between BBC and VPC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019	0.36

The correlation between BBC and VPC shifts across timeframes, from 0.21 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

BBC vs. VPC - Sectors Allocation Comparison

Sectors	BBC	VPC
Healthcare	100.0%	0.0%
Basic Materials	-	-
Communication Services	-	0.1%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	98.3%
Industrials	-	0.1%
Real Estate	-	-
Technology	-	1.3%
Utilities	-	-

Return for Risk

BBC vs. VPC — Risk / Return Rank

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

BBC

BBC Risk / Return Rank: 90
BBC Sharpe Ratio Rank: 93
BBC Sortino Ratio Rank: 89
BBC Omega Ratio Rank: 79
BBC Calmar Ratio Rank: 96
BBC Martin Ratio Rank: 94

VPC

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

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.

BBC vs. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Clinical Trials ETF (BBC) 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.

	BBC	VPC	Difference
Sharpe ratio Return per unit of total volatility	3.49	-0.85	+4.34
Sortino ratio Return per unit of downside risk	4.11	-1.13	+5.25
Omega ratio Gain probability vs. loss probability	1.48	0.87	+0.61
Calmar ratio Return relative to maximum drawdown	8.82	-0.50	+9.32
Martin ratio Return relative to average drawdown	28.55	-1.00	+29.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBC vs. VPC - Sharpe Ratio Comparison

The current BBC Sharpe Ratio is 3.49, which is higher than the VPC Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of BBC 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

	BBC	VPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.49	-0.85	+4.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.12	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.21	-0.10

Drawdowns

BBC vs. VPC - Drawdown Comparison

The maximum BBC drawdown since its inception was -76.85%, which is greater than VPC's maximum drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for BBC and VPC.

Drawdown Indicators

	BBC	VPC	Difference
Max Drawdown Largest peak-to-trough decline	-76.85%	-53.45%	-23.40%
Max Drawdown (1Y) Largest decline over 1 year	-15.10%	-22.76%	+7.66%
Max Drawdown (3Y) Largest decline over 3 years	-54.45%	-24.86%	-29.59%
Max Drawdown (5Y) Largest decline over 5 years	-72.44%	-24.86%	-47.58%
Max Drawdown (10Y) Largest decline over 10 years	-76.85%	—	—
Current Drawdown Current decline from peak	-30.57%	-18.08%	-12.49%
Average Drawdown Average peak-to-trough decline	-37.14%	-7.67%	-29.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	11.40%	-6.74%

Volatility

BBC vs. VPC - Volatility Comparison

Virtus LifeSci Biotech Clinical Trials ETF (BBC) has a higher volatility of 11.21% compared to Virtus Private Credit ETF (VPC) at 2.78%. This indicates that BBC'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

	BBC	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	2.78%	+8.43%
Volatility (6M) Calculated over the trailing 6-month period	26.65%	10.70%	+15.95%
Volatility (1Y) Calculated over the trailing 1-year period	35.74%	13.04%	+22.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.31%	13.48%	+25.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.75%	20.55%	+17.20%

BBC vs. VPC - Expense Ratio Comparison

BBC has a 0.79% expense ratio, which is higher than VPC's 0.75% expense ratio.

Dividends

BBC vs. VPC - Dividend Comparison

BBC's dividend yield for the trailing twelve months is around 1.57%, less than VPC's 16.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBC Virtus LifeSci Biotech Clinical Trials ETF	1.57%	1.70%	1.00%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	2.09%	0.00%	0.51%
VPC Virtus Private Credit ETF	16.97%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBC and VPC in my portfolio?

BBC and VPC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBC or VPC?

BBC has higher volatility (11.21%) compared to VPC (2.78%). In terms of maximum drawdown, BBC dropped -76.85% vs VPC's -53.45%.

Which ETF is better, BBC or VPC?

On 5-year performance, VPC leads with 1.59% vs -2.05% for BBC. On fees, VPC is cheaper at 0.75% per year. On volatility, VPC has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBC or VPC?

Over the 5-year period, VPC has performed better with a 1.59% return vs -2.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBC or VPC?

VPC is cheaper with a 0.75% expense ratio, compared with 0.79% for BBC.

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

VPC has the higher dividend yield at 16.97%, compared with 1.57% for BBC.

What is the main difference between BBC and VPC?

BBC is categorized as Health & Biotech Equities, while VPC is Nontraditional Bonds. BBC tracks LifeSci Biotechnology Clinical Trials Index, while VPC tracks Indxx Private Credit Index. Their fees differ too: 0.79% for BBC and 0.75% for VPC.

Which has better risk-adjusted returns?

BBC currently has the higher Sharpe Ratio (3.49 vs -0.85), 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.