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 0.87%/yr vs 4.44%/yr for AGZD. Their 0.06 correlation means their historical movements had little consistent relationship. 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 -11.53% return, which is significantly lower than AGZD's 2.83% return.
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%
AGZD
- 1D
- 0.24%
- 1M
- 0.50%
- 6M
- 2.10%
- YTD
- 2.83%
- 1Y
- 5.51%
- 3Y*
- 5.64%
- 5Y*
- 4.44%
- 10Y*
- 3.25%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.75M | $1.75M | $1.43M | |
| $87.07K | $126.50K | $156.13K |
VPC vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VPC Virtus Private Credit ETF | -11.53% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% | -9.50% | 9.25% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.83% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 3.75% |
Correlation
The correlation between VPC and AGZD 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. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 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.
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.
| VPC | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.67 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.39 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 7.43 | -8.22 |
| Martin ratioReturn relative to average drawdown | -1.37 | 21.25 | -22.62 |
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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 | -21.55% | -0.73% | -20.82% |
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 | -21.64% | -0.03% | -21.61% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -0.77% | -7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.51% | 0.26% | +12.25% |
Volatility
VPC vs. AGZD - Volatility Comparison
Virtus Private Credit ETF (VPC) has a higher volatility of 3.44% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 0.42%. 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 | 3.44% | 0.42% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 1.87% | +9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 2.69% | +11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 3.60% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 3.68% | +16.74% |
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 16.46%, more than AGZD's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.97% | 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 | 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
VPC and AGZD 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.
VPC has higher volatility (3.44%) compared to AGZD (0.42%). In terms of maximum drawdown, VPC dropped -53.45% vs AGZD's -8.46%.
On 5-year performance, AGZD leads with 4.44% vs 0.87% for VPC. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 0.42%. 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 4.44% return vs 0.87%. 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 16.46%, compared with 3.97% 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 and WisdomTree. Their fees differ too: 0.75% for VPC and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (2.02 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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