VPC vs. DABS

Last updated Jul 17, 2026

VPC (Virtus Private Credit ETF) and DABS (DoubleLine Asset-Backed Securities ETF) are both Nontraditional Bonds funds. VPC is passively managed, while DABS is actively managed. Over the past year, VPC returned -17.33% vs 5.19% for DABS. At a 0.06 correlation, their price movements are largely independent. VPC charges 0.75%/yr vs 0.40%/yr for DABS.

Performance

VPC vs. DABS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Private Credit ETF (VPC) and DoubleLine Asset-Backed Securities ETF (DABS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPC achieves a -9.62% return, which is significantly lower than DABS's 1.67% return.

VPC

• 1D: 0.17%
• 1M: 0.88%
• 6M: -12.85%
• YTD: -9.62%
• 1Y: -17.33%
• 3Y*: 0.37%
• 5Y*: 1.21%
• 10Y*: —

DABS

• 1D: 0.05%
• 1M: 0.35%
• 6M: 1.69%
• YTD: 1.67%
• 1Y: 5.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VPC vs. DABS - Yearly Performance Comparison

	2026 (YTD)	2025
VPC Virtus Private Credit ETF	-9.62%	-9.57%
DABS DoubleLine Asset-Backed Securities ETF	1.67%	5.63%

Correlation

The correlation between VPC and DABS is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Mar 4, 2025	0.06

Return for Risk

VPC vs. DABS — Risk / Return Rank

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

VPC

VPC Risk / Return Rank: 2
VPC Sharpe Ratio Rank: 0
VPC Sortino Ratio Rank: 1
VPC Omega Ratio Rank: 1
VPC Calmar Ratio Rank: 3
VPC Martin Ratio Rank: 2

DABS

DABS Risk / Return Rank: 86
DABS Sharpe Ratio Rank: 83
DABS Sortino Ratio Rank: 88
DABS Omega Ratio Rank: 88
DABS Calmar Ratio Rank: 88
DABS Martin Ratio Rank: 86

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.

VPC vs. DABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and DoubleLine Asset-Backed Securities ETF (DABS). 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	DABS	Difference
Sharpe ratio: Return per unit of total volatility	-1.28	2.13	-3.41
Sortino ratio: Return per unit of downside risk	-1.78	3.28	-5.05
Omega ratio: Gain probability vs. loss probability	0.81	1.43	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.76	4.03	-4.80
Martin ratio: Return relative to average drawdown	-1.33	13.86	-15.18

VPC vs. DABS - Sharpe Ratio Comparison

The current VPC Sharpe Ratio is -1.28, which is lower than the DABS Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of VPC and DABS, 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

VPC vs. DABS - Drawdown Comparison

The maximum VPC drawdown since its inception was -53.45%, which is greater than DABS's maximum drawdown of -1.47%. Use the drawdown chart below to compare losses from any high point for VPC and DABS.

Drawdown Indicators

	VPC	DABS	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-1.47%	-51.98%
Max Drawdown (1Y) Largest decline over 1 year	-22.76%	-1.29%	-21.47%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.86%	—	—
Current Drawdown Current decline from peak	-19.95%	-0.03%	-19.92%
Average Drawdown Average peak-to-trough decline	-7.87%	-0.30%	-7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.08%	0.38%	+12.70%

Volatility

VPC vs. DABS - Volatility Comparison

Virtus Private Credit ETF (VPC) has a higher volatility of 3.81% compared to DoubleLine Asset-Backed Securities ETF (DABS) at 0.65%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than DABS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPC	DABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	0.65%	+3.16%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	1.69%	+9.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	2.45%	+11.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.59%	2.54%	+11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	2.54%	+17.91%

VPC vs. DABS - Expense Ratio Comparison

VPC has a 0.75% expense ratio, which is higher than DABS's 0.40% expense ratio.

Dividends

VPC vs. DABS - Dividend Comparison

VPC's dividend yield for the trailing twelve months is around 16.11%, more than DABS's 4.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DABS DoubleLine Asset-Backed Securities ETF	4.86%	3.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VPC Virtus Private Credit ETF	16.11%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%

Frequently Asked Questions

Can I hold both VPC and DABS in my portfolio?

VPC and DABS have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPC or DABS?

VPC has higher volatility (3.81%) compared to DABS (0.65%). In terms of maximum drawdown, VPC dropped -53.45% vs DABS's -1.47%.

Which ETF is better, VPC or DABS?

On 1-year performance, DABS leads with 5.19% vs -17.33% for VPC. On fees, DABS is cheaper at 0.40% per year. On volatility, DABS has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPC or DABS?

Over the 1-year period, DABS has performed better with a 5.19% return vs -17.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPC or DABS?

DABS is cheaper with a 0.40% expense ratio, compared with 0.75% for VPC.

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

VPC has the higher dividend yield at 16.11%, compared with 4.86% for DABS.

What is the main difference between VPC and DABS?

They also come from different issuers: Virtus Investment Partners and DoubleLine. Their fees differ too: 0.75% for VPC and 0.40% for DABS.

Which has better risk-adjusted returns?

DABS currently has the higher Sharpe Ratio (2.13 vs -1.28), 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.