VPC vs. AGZD
VPC (Virtus Private Credit ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both Nontraditional Bonds funds - VPC tracks the Indxx Private Credit Index while AGZD tracks the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Both are passively managed. Over the past 5 years, VPC returned 1.17%/yr vs 4.32%/yr for AGZD. At a 0.06 correlation, their price movements are largely independent. VPC charges 0.75%/yr vs 0.23%/yr for AGZD.
Performance
VPC vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, VPC achieves a -9.26% return, which is significantly lower than AGZD's 2.22% return.
VPC
- 1D
- -1.89%
- 1M
- -5.24%
- YTD
- -9.26%
- 6M
- -10.18%
- 1Y
- -12.88%
- 3Y*
- 2.85%
- 5Y*
- 1.17%
- 10Y*
- —
AGZD
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 2.22%
- 6M
- 2.64%
- 1Y
- 5.26%
- 3Y*
- 6.02%
- 5Y*
- 4.32%
- 10Y*
- 3.15%
VPC vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VPC Virtus Private Credit ETF | -9.26% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% | -9.50% | 9.32% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.22% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 3.79% |
Correlation
The correlation between VPC and AGZD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.06 |
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Return for Risk
VPC vs. AGZD — Risk / Return Rank
VPC
AGZD
VPC vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). 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.
| VPC | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -4.04 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.36 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 6.09 | -6.66 |
| Martin ratioReturn relative to average drawdown | -1.13 | 19.08 | -20.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VPC | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | 1.83 | -2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 1.21 | -1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.64 | -0.44 |
Drawdowns
VPC vs. AGZD - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for VPC and AGZD.
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Drawdown Indicators
| VPC | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -8.46% | -44.99% |
Max Drawdown (1Y)Largest decline over 1 year | -22.76% | -0.87% | -21.89% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -1.71% | -23.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -2.23% | -22.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -19.63% | -0.39% | -19.24% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -0.77% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 0.28% | +11.17% |
Volatility
VPC vs. AGZD - Volatility Comparison
Virtus Private Credit ETF (VPC) has a higher volatility of 3.27% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.03%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPC | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.03% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 1.99% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 2.89% | +10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 3.59% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 3.72% | +16.84% |
VPC vs. AGZD - Expense Ratio Comparison
VPC has a 0.75% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
VPC vs. AGZD - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 17.30%, more than AGZD's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.99% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
VPC Virtus Private Credit ETF | 17.30% | 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
VPC and AGZD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPC has higher volatility (3.27%) compared to AGZD (1.03%). In terms of maximum drawdown, VPC dropped -53.45% vs AGZD's -8.46%.
On 5-year performance, AGZD leads with 4.32% vs 1.17% for VPC. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AGZD has performed better with a 4.32% return vs 1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGZD is cheaper with a 0.23% expense ratio, compared with 0.75% for VPC.
VPC has the higher dividend yield at 17.30%, compared with 3.99% for AGZD.
VPC tracks Indxx Private Credit Index, while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: Virtus Investment Partners and WisdomTree. Their fees differ too: 0.75% for VPC and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.83 vs -0.98), 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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