GLDB vs. VPC

Last updated Jun 4, 2026

GLDB (Strategy Shares Gold-Hedged Bond ETF) and VPC (Virtus Private Credit ETF) are both Nontraditional Bonds funds - GLDB tracks the Solactive Gold Backed Bond Index - Benchmark TR Gross while VPC tracks the Indxx Private Credit Index. Both are passively managed. At a 0.32 correlation, their price movements are largely independent. GLDB charges 0.79%/yr vs 0.75%/yr for VPC.

Performance

GLDB vs. VPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GLDB) 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, GLDB achieves a -7.90% return, which is significantly higher than VPC's -9.26% return.

GLDB

• 1D: -2.17%
• 1M: -7.55%
• YTD: -7.90%
• 6M: -6.06%
• 1Y: —
• 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)

GLDB vs. VPC - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-7.90%	-3.51%
VPC Virtus Private Credit ETF	-9.26%	0.68%

Correlation

The correlation between GLDB and VPC is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.32

Return for Risk

GLDB vs. VPC — Risk / Return Rank

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

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.

GLDB vs. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLDB	VPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	0.20	-0.65

Drawdowns

GLDB vs. VPC - Drawdown Comparison

The maximum GLDB drawdown since its inception was -27.36%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for GLDB and VPC.

Drawdown Indicators

	GLDB	VPC	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-53.45%	+26.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.76%	—
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	-26.71%	-19.63%	-7.08%
Average Drawdown Average peak-to-trough decline	-13.44%	-7.67%	-5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.45%	—

Volatility

Volatility by Period

	GLDB	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	39.96%	13.17%	+26.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.96%	13.50%	+26.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.96%	20.56%	+19.40%

GLDB vs. VPC - Expense Ratio Comparison

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

Dividends

GLDB vs. VPC - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.21%, less than VPC's 17.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GLDB Strategy Shares Gold-Hedged Bond ETF	0.21%	0.19%	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 GLDB and VPC in my portfolio?

GLDB and VPC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDB or VPC?

On fees, VPC is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDB or VPC?

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

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

VPC has the higher dividend yield at 17.30%, compared with 0.21% for GLDB.

What is the main difference between GLDB and VPC?

GLDB tracks Solactive Gold Backed Bond Index - Benchmark TR Gross, while VPC tracks Indxx Private Credit Index. They also come from different issuers: Strategy Shares and Virtus Investment Partners. Their fees differ too: 0.79% for GLDB and 0.75% for VPC.