VPC vs. FBND
Compare and contrast key facts about Virtus Private Credit Strategy ETF (VPC) and Fidelity Total Bond ETF (FBND).
VPC and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VPC is a passively managed fund by Virtus Investment Partners that tracks the performance of the Indxx Private Credit Index. It was launched on Feb 7, 2019. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPC or FBND.
Key characteristics
| VPC | FBND | |
|---|---|---|
| YTD Return | 8.69% | 3.10% |
| 1Y Return | 15.97% | 10.11% |
| 3Y Return (Ann) | 5.10% | -1.45% |
| 5Y Return (Ann) | 8.02% | 1.24% |
| Sharpe Ratio | 1.93 | 1.52 |
| Sortino Ratio | 2.58 | 2.23 |
| Omega Ratio | 1.36 | 1.28 |
| Calmar Ratio | 2.65 | 0.69 |
| Martin Ratio | 10.25 | 6.36 |
| Ulcer Index | 1.60% | 1.44% |
| Daily Std Dev | 8.51% | 6.02% |
| Max Drawdown | -53.45% | -17.25% |
| Current Drawdown | -1.43% | -4.63% |
Correlation
The correlation between VPC and FBND is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VPC vs. FBND - Performance Comparison
In the year-to-date period, VPC achieves a 8.69% return, which is significantly higher than FBND's 3.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VPC vs. FBND - Expense Ratio Comparison
VPC has a 5.53% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
VPC vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit Strategy ETF (VPC) and Fidelity Total Bond ETF (FBND). 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.
Dividends
VPC vs. FBND - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 10.49%, more than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VPC Virtus Private Credit Strategy ETF | 10.49% | 11.71% | 10.74% | 6.31% | 10.05% | 8.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
VPC vs. FBND - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for VPC and FBND. For additional features, visit the drawdowns tool.
Volatility
VPC vs. FBND - Volatility Comparison
Virtus Private Credit Strategy ETF (VPC) has a higher volatility of 2.81% compared to Fidelity Total Bond ETF (FBND) at 1.56%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.