VPC vs. CREDX
VPC (Virtus Private Credit ETF) and CREDX (BlackRock Credit Strategies Fund) are both funds - VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index, while CREDX is a Bank Loan fund managed by BlackRock. Over the past 5 years, VPC returned 0.87%/yr vs 2.78%/yr for CREDX. Their 0.33 correlation means their historical movements had little consistent relationship. VPC charges 0.75%/yr vs 2.19%/yr for CREDX.
Performance
VPC vs. CREDX - 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 CREDX's 2.31% 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%
CREDX
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 1.79%
- YTD
- 2.31%
- 1Y
- 4.23%
- 3Y*
- 7.12%
- 5Y*
- 2.78%
- 10Y*
- —
- ALL TIME*
- 2.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $87.07K | $126.50K | $156.13K |
VPC vs. CREDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VPC Virtus Private Credit ETF | -11.53% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% |
CREDX BlackRock Credit Strategies Fund | 2.31% | 5.55% | 8.41% | 12.18% | -12.08% | 1.03% |
Correlation
The correlation between VPC and CREDX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.33 |
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Return for Risk
VPC vs. CREDX — Risk / Return Rank
VPC
CREDX
VPC vs. CREDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and BlackRock Credit Strategies Fund (CREDX). 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 | CREDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.44 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 3.68 | -4.48 |
| Martin ratioReturn relative to average drawdown | -1.37 | 9.97 | -11.33 |
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Drawdowns
VPC vs. CREDX - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, which is greater than CREDX's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for VPC and CREDX.
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Drawdown Indicators
| VPC | CREDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -15.13% | -38.32% |
Max Drawdown (1Y)Largest decline over 1 year | -21.55% | -1.33% | -20.22% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -2.47% | -22.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -15.13% | -9.73% |
Current DrawdownCurrent decline from peak | -21.64% | 0.00% | -21.64% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -3.68% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.51% | 0.49% | +12.02% |
Volatility
VPC vs. CREDX - Volatility Comparison
Virtus Private Credit ETF (VPC) has a higher volatility of 3.44% compared to BlackRock Credit Strategies Fund (CREDX) at 0.36%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than CREDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPC | CREDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 0.36% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 1.89% | +9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 3.19% | +10.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 3.42% | +10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 3.30% | +17.12% |
VPC vs. CREDX - Expense Ratio Comparison
VPC has a 0.75% expense ratio, which is lower than CREDX's 2.19% expense ratio.
Dividends
VPC vs. CREDX - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 16.46%, more than CREDX's 8.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CREDX BlackRock Credit Strategies Fund | 8.45% | 9.16% | 9.78% | 9.98% | 3.41% | 5.69% | 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
VPC and CREDX have a correlation of 0.27, 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 CREDX (0.36%). In terms of maximum drawdown, VPC dropped -53.45% vs CREDX's -15.13%.
CREDX currently has the higher Sharpe Ratio (1.54 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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