EWMC vs. VPC
EWMC (Invesco S&P MidCap 400 GARP ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - EWMC is a Small Cap Blend Equities fund tracking the S&P MidCap 400 GARP Index, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. Both are passively managed. Over the past 5 years, EWMC returned 7.76%/yr vs 0.39%/yr for VPC. A 0.62 correlation means they provide meaningful diversification when combined. EWMC charges 0.35%/yr vs 0.75%/yr for VPC.
Performance
EWMC vs. VPC - Performance Comparison
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Returns By Period
In the year-to-date period, EWMC achieves a 6.14% return, which is significantly higher than VPC's -12.79% return.
EWMC
- 1D
- 0.27%
- 1M
- 0.27%
- YTD
- 6.14%
- 6M
- 4.64%
- 1Y
- 19.85%
- 3Y*
- 14.49%
- 5Y*
- 7.76%
- 10Y*
- 11.23%
VPC
- 1D
- 0.41%
- 1M
- -3.76%
- YTD
- -12.79%
- 6M
- -11.42%
- 1Y
- -15.79%
- 3Y*
- 1.19%
- 5Y*
- 0.39%
- 10Y*
- —
EWMC vs. VPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400 GARP ETF | 6.14% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 15.60% | 9.21% |
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 EWMC and VPC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.62 |
The correlation between EWMC and VPC shifts across timeframes, from 0.51 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EWMC vs. VPC — Risk / Return Rank
EWMC
VPC
EWMC vs. VPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 GARP ETF (EWMC) 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.
| EWMC | VPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.82 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | -0.70 | +3.31 |
| Martin ratioReturn relative to average drawdown | 7.66 | -1.30 | +8.96 |
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Drawdowns
EWMC vs. VPC - Drawdown Comparison
The maximum EWMC drawdown since its inception was -43.12%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for EWMC and VPC.
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Drawdown Indicators
| EWMC | VPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -53.45% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -22.76% | +15.14% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -24.86% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -24.86% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -22.76% | +20.27% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -7.76% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 12.20% | -9.60% |
Volatility
EWMC vs. VPC - Volatility Comparison
The current volatility for Invesco S&P MidCap 400 GARP ETF (EWMC) is 3.73%, while Virtus Private Credit ETF (VPC) has a volatility of 4.19%. This indicates that EWMC 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.
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Volatility by Period
| EWMC | VPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.19% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 11.26% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 13.50% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 13.56% | +7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 20.52% | +1.70% |
EWMC vs. VPC - Expense Ratio Comparison
EWMC has a 0.35% expense ratio, which is lower than VPC's 0.75% expense ratio.
Dividends
EWMC vs. VPC - Dividend Comparison
EWMC's dividend yield for the trailing twelve months is around 0.75%, less than VPC's 16.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400 GARP ETF | 0.75% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
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
EWMC and VPC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPC has higher volatility (4.19%) compared to EWMC (3.73%). In terms of maximum drawdown, EWMC dropped -43.12% vs VPC's -53.45%.
On 5-year performance, EWMC leads with 7.76% vs 0.39% for VPC. On fees, EWMC is cheaper at 0.35% per year. On volatility, EWMC has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EWMC has performed better with a 7.76% return vs 0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWMC is cheaper with a 0.35% expense ratio, compared with 0.75% for VPC.
VPC has the higher dividend yield at 16.70%, compared with 0.75% for EWMC.
EWMC is categorized as Small Cap Blend Equities, while VPC is Nontraditional Bonds. EWMC tracks S&P MidCap 400 GARP Index, while VPC tracks Indxx Private Credit Index. They also come from different issuers: Invesco and Virtus Investment Partners. Their fees differ too: 0.35% for EWMC and 0.75% for VPC.
EWMC currently has the higher Sharpe Ratio (1.24 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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