HYIN vs. VPC
HYIN (WisdomTree Alternative Income Fund) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. Both are passively managed. Over the past 5 years, HYIN returned -0.52%/yr vs 0.95%/yr for VPC. Their 0.77 correlation means they have sometimes moved together and sometimes differently. HYIN charges 3.20%/yr vs 0.75%/yr for VPC.
Performance
HYIN vs. VPC - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -5.41% return, which is significantly higher than VPC's -9.87% return.
HYIN
- 1D
- -1.09%
- 1M
- -0.68%
- 6M
- -4.29%
- YTD
- -5.41%
- 1Y
- -7.37%
- 3Y*
- 1.94%
- 5Y*
- -0.52%
- 10Y*
- —
- ALL TIME*
- -0.03%
VPC
- 1D
- -1.07%
- 1M
- 0.48%
- 6M
- -7.35%
- YTD
- -9.87%
- 1Y
- -14.62%
- 3Y*
- -0.65%
- 5Y*
- 0.95%
- 10Y*
- —
- ALL TIME*
- 3.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $308.54K | $257.38K | $300.22K | |
| $189.74K | $169.54K | $167.35K |
HYIN vs. VPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.41% | -0.46% | 7.39% | 21.84% | -21.14% | 2.73% |
VPC Virtus Private Credit ETF | -9.87% | -6.75% | 10.52% | 22.20% | -11.70% | 8.64% |
Correlation
The correlation between HYIN and VPC is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.77 |
The correlation between HYIN and VPC has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
HYIN vs. VPC — Risk / Return Rank
HYIN
VPC
HYIN vs. VPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) 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.
| HYIN | VPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.84 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.68 | +0.20 |
| Martin ratioReturn relative to average drawdown | -0.86 | -1.16 | +0.30 |
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Drawdowns
HYIN vs. VPC - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for HYIN and VPC.
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Drawdown Indicators
| HYIN | VPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -53.45% | +22.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -21.55% | +6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -24.86% | +9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -24.86% | -6.24% |
Current DrawdownCurrent decline from peak | -11.22% | -20.17% | +8.95% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -7.97% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 12.64% | -4.04% |
Volatility
HYIN vs. VPC - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) and Virtus Private Credit ETF (VPC) have volatilities of 4.08% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | VPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 4.21% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 11.09% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 13.94% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 13.62% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 20.42% | -3.75% |
HYIN vs. VPC - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than VPC's 0.75% expense ratio.
Dividends
HYIN vs. VPC - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.44%, less than VPC's 16.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | 13.44% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% | 0.00% | 0.00% |
VPC Virtus Private Credit ETF | 16.16% | 14.33% | 11.26% | 11.71% | 10.74% | 6.31% | 10.06% | 8.19% |
Frequently Asked Questions
HYIN and VPC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPC has higher volatility (4.21%) compared to HYIN (4.08%). In terms of maximum drawdown, HYIN dropped -31.10% vs VPC's -53.45%.
On 5-year performance, VPC leads with 0.95% vs -0.52% for HYIN. On fees, VPC is cheaper at 0.75% per year. On volatility, HYIN has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VPC has performed better with a 0.95% return vs -0.52%. 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 3.20% for HYIN.
VPC has the higher dividend yield at 16.16%, compared with 13.44% for HYIN.
HYIN is categorized as Diversified Portfolio, while VPC is Nontraditional Bonds. HYIN tracks Gapstow Liquid Alternative Credit Index, while VPC tracks Indxx Private Credit Index. They also come from different issuers: WisdomTree and Virtus. Their fees differ too: 3.20% for HYIN and 0.75% for VPC.
HYIN currently has the higher Sharpe Ratio (-0.56 vs -1.05), 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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