PRIV vs. VCIP.TO

Last updated Jun 24, 2026

PRIV (State Street IG Public & Private Credit ETF) and VCIP.TO (Vanguard Conservative Income ETF Portfolio) are both exchange-traded funds - PRIV is a Intermediate Core-Plus Bond fund actively managed by State Street, while VCIP.TO is a Diversified Portfolio fund actively managed by Vanguard. Both are actively managed. Over the past year, PRIV returned 5.17% vs 4.63% for VCIP.TO. At a 0.41 correlation, their price movements are largely independent. PRIV charges 0.55%/yr vs 0.25%/yr for VCIP.TO.

Performance

PRIV vs. VCIP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street IG Public & Private Credit ETF (PRIV) and Vanguard Conservative Income ETF Portfolio (VCIP.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRIV is traded in USD, while VCIP.TO is traded in CAD. To make them comparable, the VCIP.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRIV achieves a 0.69% return, which is significantly higher than VCIP.TO's 0.18% return.

PRIV

• 1D: 0.18%
• 1M: 0.85%
• YTD: 0.69%
• 6M: 0.85%
• 1Y: 5.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VCIP.TO

• 1D: -0.03%
• 1M: -1.56%
• YTD: 0.18%
• 6M: 0.41%
• 1Y: 4.63%
• 3Y*: 4.66%
• 5Y*: -0.27%
• 10Y*: —

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

PRIV vs. VCIP.TO - Yearly Performance Comparison

	2026 (YTD)	2025
PRIV State Street IG Public & Private Credit ETF	0.69%	5.07%
VCIP.TO Vanguard Conservative Income ETF Portfolio	0.18%	8.68%

Correlation

The correlation between PRIV and VCIP.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.41

Return for Risk

PRIV vs. VCIP.TO — Risk / Return Rank

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

PRIV

PRIV Risk / Return Rank: 44
PRIV Sharpe Ratio Rank: 44
PRIV Sortino Ratio Rank: 47
PRIV Omega Ratio Rank: 42
PRIV Calmar Ratio Rank: 45
PRIV Martin Ratio Rank: 42

VCIP.TO

VCIP.TO Risk / Return Rank: 49
VCIP.TO Sharpe Ratio Rank: 51
VCIP.TO Sortino Ratio Rank: 52
VCIP.TO Omega Ratio Rank: 53
VCIP.TO Calmar Ratio Rank: 44
VCIP.TO Martin Ratio Rank: 46

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.

PRIV vs. VCIP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street IG Public & Private Credit ETF (PRIV) and Vanguard Conservative Income ETF Portfolio (VCIP.TO). 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.

	PRIV	VCIP.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.72	+0.70
Sortino ratio: Return per unit of downside risk	2.15	1.11	+1.04
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.13
Calmar ratio: Return relative to maximum drawdown	2.04	0.92	+1.13
Martin ratio: Return relative to average drawdown	6.32	3.22	+3.11

PRIV vs. VCIP.TO - Sharpe Ratio Comparison

The current PRIV Sharpe Ratio is 1.41, which is higher than the VCIP.TO Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of PRIV and VCIP.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRIV vs. VCIP.TO - Drawdown Comparison

The maximum PRIV drawdown since its inception was -2.75%, smaller than the maximum VCIP.TO drawdown of -24.28%. Use the drawdown chart below to compare losses from any high point for PRIV and VCIP.TO.

Drawdown Indicators

	PRIV	VCIP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-2.75%	-24.28%	+21.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	-5.06%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.48%	—
Current Drawdown Current decline from peak	-1.02%	-2.71%	+1.69%
Average Drawdown Average peak-to-trough decline	-0.68%	-7.64%	+6.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.44%	-0.62%

Volatility

PRIV vs. VCIP.TO - Volatility Comparison

The current volatility for State Street IG Public & Private Credit ETF (PRIV) is 1.17%, while Vanguard Conservative Income ETF Portfolio (VCIP.TO) has a volatility of 1.72%. This indicates that PRIV experiences smaller price fluctuations and is considered to be less risky than VCIP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIV	VCIP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	1.72%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	5.26%	-2.50%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	6.48%	-2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.14%	8.49%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	8.87%	-4.73%

PRIV vs. VCIP.TO - Expense Ratio Comparison

PRIV has a 0.55% expense ratio, which is higher than VCIP.TO's 0.25% expense ratio.

Dividends

PRIV vs. VCIP.TO - Dividend Comparison

PRIV's dividend yield for the trailing twelve months is around 4.59%, more than VCIP.TO's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PRIV State Street IG Public & Private Credit ETF	4.59%	3.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VCIP.TO Vanguard Conservative Income ETF Portfolio	2.86%	2.93%	2.90%	2.77%	2.29%	2.23%	1.86%	2.08%

Frequently Asked Questions

Can I hold both PRIV and VCIP.TO in my portfolio?

PRIV and VCIP.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRIV or VCIP.TO?

On fees, VCIP.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRIV or VCIP.TO?

VCIP.TO is cheaper with a 0.25% expense ratio, compared with 0.55% for PRIV.

What is the main difference between PRIV and VCIP.TO?

PRIV is categorized as Intermediate Core-Plus Bond, while VCIP.TO is Diversified Portfolio. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.55% for PRIV and 0.25% for VCIP.TO.