NFLT vs. VPC
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - NFLT is a Multisector Bonds fund actively managed by Virtus, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. NFLT is actively managed, while VPC is passively managed. Over the past 5 years, NFLT returned 2.99%/yr vs 0.87%/yr for VPC. Their 0.25 correlation means their historical movements had little consistent relationship. NFLT charges 0.50%/yr vs 0.75%/yr for VPC.
Performance
NFLT vs. VPC - Performance Comparison
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Returns By Period
In the year-to-date period, NFLT achieves a 1.48% return, which is significantly higher than VPC's -11.53% return.
NFLT
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 0.73%
- YTD
- 1.48%
- 1Y
- 4.92%
- 3Y*
- 6.96%
- 5Y*
- 2.99%
- 10Y*
- 3.83%
- ALL TIME*
- 4.02%
VPC
- 1D
- 0.17%
- 1M
- -1.53%
- 6M
- -11.08%
- YTD
- -11.53%
- 1Y
- -16.30%
- 3Y*
- -1.29%
- 5Y*
- 0.87%
- 10Y*
- —
- ALL TIME*
- 3.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.33M | $1.94M | $2.09M | |
| $87.07K | $126.50K | $156.13K |
NFLT vs. VPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.48% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 7.63% |
VPC Virtus Private Credit ETF | -11.53% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% | -9.50% | 9.25% |
Correlation
The correlation between NFLT and VPC is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.25 |
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Return for Risk
NFLT vs. VPC — Risk / Return Rank
NFLT
VPC
NFLT vs. VPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
| NFLT | VPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.81 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.79 | +3.01 |
| Martin ratioReturn relative to average drawdown | 9.06 | -1.37 | +10.43 |
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Drawdowns
NFLT vs. VPC - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for NFLT and VPC.
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Drawdown Indicators
| NFLT | VPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -53.45% | +38.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -21.55% | +19.13% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -24.86% | +21.71% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -24.86% | +11.44% |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -21.64% | +20.72% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -7.95% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 12.51% | -11.92% |
Volatility
NFLT vs. VPC - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector Bond ETF (NFLT) is 0.97%, while Virtus Private Credit ETF (VPC) has a volatility of 3.44%. This indicates that NFLT 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
| NFLT | VPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.44% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 11.09% | -7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 13.74% | -9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 13.58% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 20.42% | -15.50% |
NFLT vs. VPC - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than VPC's 0.75% expense ratio.
Dividends
NFLT vs. VPC - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.48%, less than VPC's 16.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
VPC Virtus Private Credit ETF | 16.46% | 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
NFLT and VPC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPC has higher volatility (3.44%) compared to NFLT (0.97%). In terms of maximum drawdown, NFLT dropped -15.17% vs VPC's -53.45%.
On 5-year performance, NFLT leads with 2.99% vs 0.87% for VPC. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NFLT has performed better with a 2.99% return vs 0.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 0.75% for VPC.
VPC has the higher dividend yield at 16.46%, compared with 5.48% for NFLT.
NFLT is categorized as Multisector Bonds, while VPC is Nontraditional Bonds. Their fees differ too: 0.50% for NFLT and 0.75% for VPC.
NFLT currently has the higher Sharpe Ratio (1.32 vs -1.25), 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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