VABS vs. VPC

Last updated Aug 2, 2026

VABS (Virtus Newfleet ABS/MBS ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - VABS is a Mortgage Backed Securities fund actively managed by Virtus, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. VABS is actively managed, while VPC is passively managed. Over the past 5 years, VABS returned 3.26%/yr vs 0.87%/yr for VPC. Their 0.06 correlation means their historical movements had little consistent relationship. VABS charges 0.39%/yr vs 0.75%/yr for VPC.

Performance

VABS vs. VPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet ABS/MBS ETF (VABS) 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, VABS achieves a 2.04% return, which is significantly higher than VPC's -11.53% return.

VABS

• 1D: -0.08%
• 1M: 0.13%
• 6M: 1.54%
• YTD: 2.04%
• 1Y: 3.38%
• 3Y*: 6.16%
• 5Y*: 3.26%
• 10Y*: —
• ALL TIME*: 3.14%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VABS Virtus Newfleet ABS/MBS ETF	$47.74K	$55.28K	$583.29K
VPC Virtus Private Credit ETF	$87.07K	$126.50K	$156.13K

VABS vs. VPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VABS Virtus Newfleet ABS/MBS ETF	2.04%	5.40%	7.59%	7.61%	-5.24%	0.37%
VPC Virtus Private Credit ETF	-11.53%	-6.75%	10.52%	22.20%	-11.70%	21.74%

Correlation

The correlation between VABS and VPC is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (5Y) Shows whether the relationship held over a longer period.	0.07
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021	0.06

Return for Risk

VABS vs. VPC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VABS

VABS Risk / Return Rank: 85
VABS Sharpe Ratio Rank: 85
VABS Sortino Ratio Rank: 83
VABS Omega Ratio Rank: 91
VABS Calmar Ratio Rank: 90
VABS Martin Ratio Rank: 78

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: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VABS vs. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet ABS/MBS ETF (VABS) 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.

	VABS	VPC	Difference
Sharpe ratio: Return per unit of total volatility	1.98	-1.25	+3.22
Sortino ratio: Return per unit of downside risk	2.72	-1.72	+4.44
Omega ratio: Gain probability vs. loss probability	1.43	0.81	+0.62
Calmar ratio: Return relative to maximum drawdown	3.80	-0.79	+4.59
Martin ratio: Return relative to average drawdown	9.93	-1.37	+11.30

VABS vs. VPC - Sharpe Ratio Comparison

The current VABS Sharpe Ratio is 1.98, which is higher than the VPC Sharpe Ratio of -1.25. The chart below compares the historical Sharpe Ratios of VABS and VPC, 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

VABS vs. VPC - Drawdown Comparison

The maximum VABS drawdown since its inception was -7.12%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for VABS and VPC.

Drawdown Indicators

	VABS	VPC	Difference
Max Drawdown Largest peak-to-trough decline	-7.12%	-53.45%	+46.33%
Max Drawdown (1Y) Largest decline over 1 year	-0.98%	-21.55%	+20.57%
Max Drawdown (3Y) Largest decline over 3 years	-1.42%	-24.86%	+23.44%
Max Drawdown (5Y) Largest decline over 5 years	-7.12%	-24.86%	+17.74%
Current Drawdown Current decline from peak	-0.12%	-21.64%	+21.52%
Average Drawdown Average peak-to-trough decline	-1.38%	-7.95%	+6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	12.51%	-12.13%

Volatility

VABS vs. VPC - Volatility Comparison

The current volatility for Virtus Newfleet ABS/MBS ETF (VABS) is 0.47%, while Virtus Private Credit ETF (VPC) has a volatility of 3.44%. This indicates that VABS 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.

Volatility by Period

	VABS	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	3.44%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	11.09%	-9.95%
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	13.74%	-11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.31%	13.58%	-11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.22%	20.42%	-18.20%

VABS vs. VPC - Expense Ratio Comparison

VABS has a 0.39% expense ratio, which is lower than VPC's 0.75% expense ratio.

Dividends

VABS vs. VPC - Dividend Comparison

VABS's dividend yield for the trailing twelve months is around 5.03%, less than VPC's 16.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
VABS Virtus Newfleet ABS/MBS ETF	5.03%	4.94%	5.05%	4.13%	2.47%	1.47%	0.00%	0.00%
VPC Virtus Private Credit ETF	16.46%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%

Frequently Asked Questions

Can I hold both VABS and VPC in my portfolio?

VABS and VPC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VABS or VPC?

VPC has higher volatility (3.44%) compared to VABS (0.47%). In terms of maximum drawdown, VABS dropped -7.12% vs VPC's -53.45%.

Which ETF is better, VABS or VPC?

On 5-year performance, VABS leads with 3.26% vs 0.87% for VPC. On fees, VABS is cheaper at 0.39% per year. On volatility, VABS has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VABS or VPC?

Over the 5-year period, VABS has performed better with a 3.26% return vs 0.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VABS or VPC?

VABS is cheaper with a 0.39% expense ratio, compared with 0.75% for VPC.

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

VPC has the higher dividend yield at 16.46%, compared with 5.03% for VABS.

What is the main difference between VABS and VPC?

VABS is categorized as Mortgage Backed Securities, while VPC is Nontraditional Bonds. Their fees differ too: 0.39% for VABS and 0.75% for VPC.

Which has better risk-adjusted returns?

VABS currently has the higher Sharpe Ratio (1.98 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.