BBP vs. VPC
BBP (Virtus LifeSci Biotech Products ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - BBP is a Health & Biotech Equities fund tracking the LifeSci Biotechnology Products Index, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. Both are passively managed. Over the past 5 years, BBP returned 11.34%/yr vs 0.39%/yr for VPC. At a 0.35 correlation, their price movements are largely independent. BBP charges 0.79%/yr vs 0.75%/yr for VPC.
Performance
BBP vs. VPC - Performance Comparison
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Returns By Period
In the year-to-date period, BBP achieves a 16.04% return, which is significantly higher than VPC's -12.79% return.
BBP
- 1D
- 1.20%
- 1M
- 7.69%
- YTD
- 16.04%
- 6M
- 14.38%
- 1Y
- 59.95%
- 3Y*
- 20.40%
- 5Y*
- 11.34%
- 10Y*
- 13.69%
VPC
- 1D
- 0.41%
- 1M
- -3.76%
- YTD
- -12.79%
- 6M
- -11.42%
- 1Y
- -15.79%
- 3Y*
- 1.19%
- 5Y*
- 0.39%
- 10Y*
- —
BBP vs. VPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBP Virtus LifeSci Biotech Products ETF | 16.04% | 33.15% | 3.32% | 17.88% | 0.85% | -8.17% | 22.24% | 7.83% |
VPC Virtus Private Credit ETF | -12.79% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% | -9.50% | 9.25% |
Correlation
The correlation between BBP and VPC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
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 8, 2019 | 0.35 |
The correlation between BBP and VPC shifts across timeframes, from 0.23 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBP vs. VPC — Risk / Return Rank
BBP
VPC
BBP vs. VPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Products ETF (BBP) 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.
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.
| BBP | VPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.69 | ||
| Sortino ratioReturn per unit of downside risk | +5.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.82 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | -0.70 | +7.19 |
| Martin ratioReturn relative to average drawdown | 20.18 | -1.30 | +21.48 |
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Drawdowns
BBP vs. VPC - Drawdown Comparison
The maximum BBP drawdown since its inception was -44.32%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for BBP and VPC.
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Drawdown Indicators
| BBP | VPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.32% | -53.45% | +9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -22.76% | +13.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -24.86% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -37.89% | -24.86% | -13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.76% | +22.76% |
Average DrawdownAverage peak-to-trough decline | -11.98% | -7.76% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 12.20% | -9.22% |
Volatility
BBP vs. VPC - Volatility Comparison
Virtus LifeSci Biotech Products ETF (BBP) has a higher volatility of 6.46% compared to Virtus Private Credit ETF (VPC) at 4.19%. This indicates that BBP'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.
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Volatility by Period
| BBP | VPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 4.19% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.88% | 11.26% | +7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 13.50% | +10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.37% | 13.56% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 20.52% | +6.87% |
BBP vs. VPC - Expense Ratio Comparison
BBP has a 0.79% expense ratio, which is higher than VPC's 0.75% expense ratio.
Dividends
BBP vs. VPC - Dividend Comparison
BBP has not paid dividends to shareholders, while VPC's dividend yield for the trailing twelve months is around 16.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBP Virtus LifeSci Biotech Products ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 1.29% |
VPC Virtus Private Credit ETF | 16.70% | 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
BBP and VPC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBP has higher volatility (6.46%) compared to VPC (4.19%). In terms of maximum drawdown, BBP dropped -44.32% vs VPC's -53.45%.
On 5-year performance, BBP leads with 11.34% vs 0.39% for VPC. On fees, VPC is cheaper at 0.75% per year. On volatility, VPC has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBP has performed better with a 11.34% return vs 0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VPC is cheaper with a 0.75% expense ratio, compared with 0.79% for BBP.
VPC has the higher dividend yield at 16.70%, compared with 0.00% for BBP.
BBP is categorized as Health & Biotech Equities, while VPC is Nontraditional Bonds. BBP tracks LifeSci Biotechnology Products Index, while VPC tracks Indxx Private Credit Index. Their fees differ too: 0.79% for BBP and 0.75% for VPC.
BBP currently has the higher Sharpe Ratio (2.52 vs -1.18), 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.
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