VPC vs. IAI
Compare and contrast key facts about Virtus Private Credit Strategy ETF (VPC) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
VPC and IAI 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. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006. Both VPC and IAI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPC or IAI.
Key characteristics
| VPC | IAI | |
|---|---|---|
| YTD Return | 8.35% | 38.91% |
| 1Y Return | 15.12% | 62.53% |
| 3Y Return (Ann) | 5.00% | 11.77% |
| 5Y Return (Ann) | 7.90% | 19.82% |
| Sharpe Ratio | 1.75 | 3.77 |
| Sortino Ratio | 2.35 | 5.21 |
| Omega Ratio | 1.32 | 1.69 |
| Calmar Ratio | 2.43 | 3.82 |
| Martin Ratio | 9.36 | 29.40 |
| Ulcer Index | 1.61% | 2.12% |
| Daily Std Dev | 8.56% | 16.52% |
| Max Drawdown | -53.45% | -75.33% |
| Current Drawdown | -1.74% | -0.74% |
Correlation
The correlation between VPC and IAI is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VPC vs. IAI - Performance Comparison
In the year-to-date period, VPC achieves a 8.35% return, which is significantly lower than IAI's 38.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VPC vs. IAI - Expense Ratio Comparison
VPC has a 5.53% expense ratio, which is higher than IAI's 0.41% expense ratio.
Risk-Adjusted Performance
VPC vs. IAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit Strategy ETF (VPC) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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. IAI - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 10.52%, more than IAI's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPC Virtus Private Credit Strategy ETF | 10.52% | 11.71% | 10.74% | 6.31% | 10.05% | 8.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.01% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.48% | 1.31% | 1.13% | 1.13% |
Drawdowns
VPC vs. IAI - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, smaller than the maximum IAI drawdown of -75.33%. Use the drawdown chart below to compare losses from any high point for VPC and IAI. For additional features, visit the drawdowns tool.
Volatility
VPC vs. IAI - Volatility Comparison
The current volatility for Virtus Private Credit Strategy ETF (VPC) is 2.99%, while iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has a volatility of 8.94%. This indicates that VPC experiences smaller price fluctuations and is considered to be less risky than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.