VPC vs. HYIN
VPC (Virtus Private Credit ETF) and HYIN (WisdomTree Alternative Income Fund) are both exchange-traded funds - VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index, while HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index. Both are passively managed. Over the past 5 years, VPC returned 0.87%/yr vs -0.50%/yr for HYIN. Their 0.77 correlation means they have sometimes moved together and sometimes differently. VPC charges 0.75%/yr vs 3.20%/yr for HYIN.
Performance
VPC vs. HYIN - 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 HYIN's -6.19% 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%
HYIN
- 1D
- -0.11%
- 1M
- -1.50%
- 6M
- -6.46%
- YTD
- -6.19%
- 1Y
- -7.52%
- 3Y*
- 1.49%
- 5Y*
- -0.50%
- 10Y*
- —
- ALL TIME*
- -0.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $324.60K | $259.01K | $307.24K | |
| $87.07K | $126.50K | $156.13K |
VPC vs. HYIN - 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% | 8.64% |
HYIN WisdomTree Alternative Income Fund | -6.19% | -0.46% | 7.39% | 21.84% | -21.14% | 2.73% |
Correlation
The correlation between VPC and HYIN is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.77 |
The correlation between VPC and HYIN has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
VPC vs. HYIN — Risk / Return Rank
VPC
HYIN
VPC vs. HYIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and WisdomTree Alternative Income Fund (HYIN). 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 | HYIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.92 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.50 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.91 | -0.45 |
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Drawdowns
VPC vs. HYIN - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, which is greater than HYIN's maximum drawdown of -31.10%. Use the drawdown chart below to compare losses from any high point for VPC and HYIN.
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Drawdown Indicators
| VPC | HYIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -31.10% | -22.35% |
Max Drawdown (1Y)Largest decline over 1 year | -21.55% | -15.52% | -6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -15.85% | -9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -31.10% | +6.24% |
Current DrawdownCurrent decline from peak | -21.64% | -11.96% | -9.68% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -9.09% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.51% | 8.52% | +3.99% |
Volatility
VPC vs. HYIN - Volatility Comparison
The current volatility for Virtus Private Credit ETF (VPC) is 3.44%, while WisdomTree Alternative Income Fund (HYIN) has a volatility of 3.68%. This indicates that VPC experiences smaller price fluctuations and is considered to be less risky than HYIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPC | HYIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.68% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 10.36% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 13.11% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 16.74% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 16.67% | +3.75% |
VPC vs. HYIN - Expense Ratio Comparison
VPC has a 0.75% expense ratio, which is lower than HYIN's 3.20% expense ratio.
Dividends
VPC vs. HYIN - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 16.46%, more than HYIN's 13.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | 13.55% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% | 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 HYIN have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYIN has higher volatility (3.68%) compared to VPC (3.44%). In terms of maximum drawdown, VPC dropped -53.45% vs HYIN's -31.10%.
On 5-year performance, VPC leads with 0.87% vs -0.50% for HYIN. On fees, VPC is cheaper at 0.75% per year. On volatility, VPC has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VPC has performed better with a 0.87% return vs -0.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VPC is cheaper with a 0.75% expense ratio, compared with 3.20% for HYIN.
VPC has the higher dividend yield at 16.46%, compared with 13.55% for HYIN.
VPC is categorized as Nontraditional Bonds, while HYIN is Diversified Portfolio. VPC tracks Indxx Private Credit Index, while HYIN tracks Gapstow Liquid Alternative Credit Index. They also come from different issuers: Virtus and WisdomTree. Their fees differ too: 0.75% for VPC and 3.20% for HYIN.
HYIN currently has the higher Sharpe Ratio (-0.60 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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