VPC vs. HYKE

Last updated Jun 4, 2026

VPC (Virtus Private Credit ETF) and HYKE (Vest 2 Year Interest Rate Hedge ETF) are both Nontraditional Bonds funds. VPC is passively managed, while HYKE is actively managed. VPC charges 0.75%/yr vs 0.85%/yr for HYKE.

Performance

VPC vs. HYKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Private Credit ETF (VPC) and Vest 2 Year Interest Rate Hedge ETF (HYKE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VPC

• 1D: -1.89%
• 1M: -5.24%
• YTD: -9.26%
• 6M: -10.18%
• 1Y: -12.88%
• 3Y*: 2.85%
• 5Y*: 1.17%
• 10Y*: —

HYKE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VPC vs. HYKE - Yearly Performance Comparison

	2026 (YTD)
VPC Virtus Private Credit ETF	5.71%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%

Return for Risk

VPC vs. HYKE — Risk / Return Rank

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

VPC

VPC Risk / Return Rank: 3
VPC Sharpe Ratio Rank: 1
VPC Sortino Ratio Rank: 2
VPC Omega Ratio Rank: 2
VPC Calmar Ratio Rank: 4
VPC Martin Ratio Rank: 3

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. HYKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and Vest 2 Year Interest Rate Hedge ETF (HYKE). 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.

	VPC	HYKE	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	—	—
Sortino ratio: Return per unit of downside risk	-1.33	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.57	—	—
Martin ratio: Return relative to average drawdown	-1.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VPC	HYKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.98	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	—	—

Drawdowns

VPC vs. HYKE - Drawdown Comparison

The maximum VPC drawdown since its inception was -53.45%, which is greater than HYKE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VPC and HYKE.

Drawdown Indicators

	VPC	HYKE	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	0.00%	-53.45%
Max Drawdown (1Y) Largest decline over 1 year	-22.76%	—	—
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	-19.63%	0.00%	-19.63%
Average Drawdown Average peak-to-trough decline	-7.67%	0.00%	-7.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.45%	—	—

Volatility

Volatility by Period

	VPC	HYKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	0.00%	+13.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	0.00%	+13.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	0.00%	+20.56%

VPC vs. HYKE - Expense Ratio Comparison

VPC has a 0.75% expense ratio, which is lower than HYKE's 0.85% expense ratio.

Dividends

VPC vs. HYKE - Dividend Comparison

VPC's dividend yield for the trailing twelve months is around 17.30%, while HYKE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VPC Virtus Private Credit ETF	17.30%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%

Frequently Asked Questions

Which ETF is better, VPC or HYKE?

On fees, VPC is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VPC or HYKE?

VPC is cheaper with a 0.75% expense ratio, compared with 0.85% for HYKE.

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

VPC has the higher dividend yield at 17.30%, compared with 0.00% for HYKE.

What is the main difference between VPC and HYKE?

They also come from different issuers: Virtus Investment Partners and Cboe Vest. Their fees differ too: 0.75% for VPC and 0.85% for HYKE.