CREDX vs. VPC

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Credit Strategies Fund (CREDX) and Virtus Private Credit Strategy ETF (VPC).

CREDX is managed by BlackRock. It was launched on Feb 27, 2019. VPC is a passively managed fund by Virtus Investment Partners that tracks the performance of the Indxx Private Credit Index. It was launched on Feb 7, 2019.

Performance

CREDX vs. VPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Credit Strategies Fund (CREDX) and Virtus Private Credit Strategy ETF (VPC). The values are adjusted to include any dividend payments, if applicable.

CREDX vs. VPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CREDX BlackRock Credit Strategies Fund	-0.52%	5.55%	8.41%	12.18%	-12.08%	1.03%
VPC Virtus Private Credit Strategy ETF	-11.66%	-6.75%	10.52%	22.20%	-11.70%	33.52%

Returns By Period

In the year-to-date period, CREDX achieves a -0.52% return, which is significantly higher than VPC's -11.66% return.

CREDX

• 1D: 0.12%
• 1M: -0.62%
• YTD: -0.52%
• 6M: -0.84%
• 1Y: 4.12%
• 3Y*: 7.26%
• 5Y*: 2.26%
• 10Y*: —

VPC

• 1D: 2.93%
• 1M: -0.03%
• YTD: -11.66%
• 6M: -12.28%
• 1Y: -16.52%
• 3Y*: 2.20%
• 5Y*: 2.19%
• 10Y*: —

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

CREDX vs. VPC - Expense Ratio Comparison

CREDX has a 2.19% expense ratio, which is lower than VPC's 5.53% expense ratio.

VPC

Virtus Private Credit Strategy ETF

CREDX

BlackRock Credit Strategies Fund

Return for Risk

CREDX vs. VPC — Risk / Return Rank

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

CREDX

CREDX Risk / Return Rank: 82
CREDX Sharpe Ratio Rank: 76
CREDX Sortino Ratio Rank: 87
CREDX Omega Ratio Rank: 85
CREDX Calmar Ratio Rank: 84
CREDX Martin Ratio Rank: 76

VPC

VPC Risk / Return Rank: 1
VPC Sharpe Ratio Rank: 0
VPC Sortino Ratio Rank: 1
VPC Omega Ratio Rank: 1
VPC Calmar Ratio Rank: 2
VPC Martin Ratio Rank: 1

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.

CREDX vs. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Strategies Fund (CREDX) and Virtus Private Credit Strategy 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.

	CREDX	VPC	Difference
Sharpe ratio Return per unit of total volatility	1.35	-1.00	+2.35
Sortino ratio Return per unit of downside risk	2.38	-1.30	+3.68
Omega ratio Gain probability vs. loss probability	1.35	0.83	+0.52
Calmar ratio Return relative to maximum drawdown	2.10	-0.74	+2.84
Martin ratio Return relative to average drawdown	7.28	-1.75	+9.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CREDX vs. VPC - Sharpe Ratio Comparison

The current CREDX Sharpe Ratio is 1.35, which is higher than the VPC Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of CREDX and VPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CREDX	VPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	-1.00	+2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.16	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.18	+0.55

Correlation

The correlation between CREDX and VPC is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CREDX vs. VPC - Dividend Comparison

CREDX's dividend yield for the trailing twelve months is around 8.43%, less than VPC's 17.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
CREDX BlackRock Credit Strategies Fund	8.43%	9.16%	9.78%	9.98%	3.41%	5.69%	0.00%	0.00%
VPC Virtus Private Credit Strategy ETF	17.77%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%

Drawdowns

CREDX vs. VPC - Drawdown Comparison

The maximum CREDX drawdown since its inception was -15.13%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for CREDX and VPC.

Drawdown Indicators

	CREDX	VPC	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-53.45%	+38.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.04%	-22.76%	+20.72%
Max Drawdown (5Y) Largest decline over 5 years	-15.13%	-24.86%	+9.73%
Current Drawdown Current decline from peak	-1.21%	-21.75%	+20.54%
Average Drawdown Average peak-to-trough decline	-3.91%	-7.41%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	9.59%	-8.97%

Volatility

CREDX vs. VPC - Volatility Comparison

The current volatility for BlackRock Credit Strategies Fund (CREDX) is 0.57%, while Virtus Private Credit Strategy ETF (VPC) has a volatility of 5.51%. This indicates that CREDX experiences smaller price fluctuations and is considered to be less risky than VPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CREDX	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	5.51%	-4.94%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	10.48%	-8.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	16.60%	-13.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.38%	13.39%	-10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	20.68%	-17.34%