HYKE vs. VPC

Last updated Jul 14, 2026

HYKE (Vest 2 Year Interest Rate Hedge ETF) and VPC (Virtus Private Credit ETF) are both Nontraditional Bonds funds. HYKE is actively managed, while VPC is passively managed. HYKE charges 0.85%/yr vs 0.75%/yr for VPC.

Performance

HYKE vs. VPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest 2 Year Interest Rate Hedge ETF (HYKE) and Virtus Private Credit ETF (VPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYKE

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VPC

• 1D: -0.57%
• 1M: -1.11%
• 6M: -11.86%
• YTD: -10.57%
• 1Y: -17.78%
• 3Y*: 0.25%
• 5Y*: 0.83%
• 10Y*: —

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

HYKE vs. VPC - Yearly Performance Comparison

	2026 (YTD)
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%
VPC Virtus Private Credit ETF	4.69%

Return for Risk

HYKE vs. VPC — Risk / Return Rank

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

HYKE

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

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: 3
VPC Martin Ratio Rank: 2

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.

HYKE vs. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest 2 Year Interest Rate Hedge ETF (HYKE) 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.

	HYKE	VPC	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.31	—
Sortino ratio: Return per unit of downside risk	—	-1.83	—
Omega ratio: Gain probability vs. loss probability	—	0.80	—
Calmar ratio: Return relative to maximum drawdown	—	-0.78	—
Martin ratio: Return relative to average drawdown	—	-1.38	—

Drawdowns

HYKE vs. VPC - Drawdown Comparison

The maximum HYKE drawdown since its inception was 0.00%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for HYKE and VPC.

Drawdown Indicators

	HYKE	VPC	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-53.45%	+53.45%
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	0.00%	-20.79%	+20.79%
Average Drawdown Average peak-to-trough decline	0.00%	-7.85%	+7.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.94%	—

Volatility

Volatility by Period

	HYKE	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	13.61%	-13.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	13.59%	-13.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	20.47%	-20.47%

HYKE vs. VPC - Expense Ratio Comparison

HYKE has a 0.85% expense ratio, which is higher than VPC's 0.75% expense ratio.

Dividends

HYKE vs. VPC - Dividend Comparison

HYKE has not paid dividends to shareholders, while VPC's dividend yield for the trailing twelve months is around 16.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VPC Virtus Private Credit ETF	16.29%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%

Frequently Asked Questions

Which ETF is better, HYKE 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, HYKE or VPC?

VPC is cheaper with a 0.75% expense ratio, compared with 0.85% for HYKE.

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

VPC has the higher dividend yield at 16.29%, compared with 0.00% for HYKE.

What is the main difference between HYKE and VPC?

They also come from different issuers: Cboe Vest and Virtus Investment Partners. Their fees differ too: 0.85% for HYKE and 0.75% for VPC.