VPC vs. IJR
VPC (Virtus Private Credit ETF) and IJR (iShares Core S&P Small-Cap ETF) are both exchange-traded funds - VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 5 years, VPC returned 0.39%/yr vs 6.29%/yr for IJR. A 0.62 correlation means they provide meaningful diversification when combined. VPC charges 0.75%/yr vs 0.06%/yr for IJR.
Performance
VPC vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, VPC achieves a -12.79% return, which is significantly lower than IJR's 19.34% return.
VPC
- 1D
- 0.41%
- 1M
- -3.76%
- YTD
- -12.79%
- 6M
- -11.42%
- 1Y
- -15.79%
- 3Y*
- 1.19%
- 5Y*
- 0.39%
- 10Y*
- —
IJR
- 1D
- -0.34%
- 1M
- 4.22%
- YTD
- 19.34%
- 6M
- 16.86%
- 1Y
- 34.47%
- 3Y*
- 16.15%
- 5Y*
- 6.29%
- 10Y*
- 11.30%
VPC vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VPC Virtus Private Credit ETF | -12.79% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% | -9.50% | 9.25% |
IJR iShares Core S&P Small-Cap ETF | 19.34% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 10.77% |
Correlation
The correlation between VPC and IJR is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.62 |
The correlation between VPC and IJR shifts across timeframes, from 0.53 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VPC vs. IJR — Risk / Return Rank
VPC
IJR
VPC vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and iShares Core S&P Small-Cap ETF (IJR). 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 | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.13 | ||
| Sortino ratioReturn per unit of downside risk | -4.44 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.34 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 3.99 | -4.68 |
| Martin ratioReturn relative to average drawdown | -1.30 | 13.39 | -14.69 |
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Drawdowns
VPC vs. IJR - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for VPC and IJR.
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Drawdown Indicators
| VPC | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -58.15% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -22.76% | -8.68% | -14.08% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -28.02% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -28.02% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.36% | — |
Current DrawdownCurrent decline from peak | -22.76% | -0.43% | -22.33% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -9.26% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 2.58% | +9.62% |
Volatility
VPC vs. IJR - Volatility Comparison
The current volatility for Virtus Private Credit ETF (VPC) is 4.19%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 4.96%. This indicates that VPC experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPC | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.96% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.26% | 12.06% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 17.73% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 21.40% | -7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 22.90% | -2.38% |
VPC vs. IJR - Expense Ratio Comparison
VPC has a 0.75% expense ratio, which is higher than IJR's 0.06% expense ratio.
Dividends
VPC vs. IJR - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 16.70%, more than IJR's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJR iShares Core S&P Small-Cap ETF | 1.15% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
VPC Virtus Private Credit ETF | 16.70% | 14.33% | 11.26% | 11.71% | 10.74% | 6.31% | 10.06% | 8.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VPC and IJR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJR has higher volatility (4.96%) compared to VPC (4.19%). In terms of maximum drawdown, VPC dropped -53.45% vs IJR's -58.15%.
On 5-year performance, IJR leads with 6.29% vs 0.39% for VPC. On fees, IJR is cheaper at 0.06% per year. On volatility, VPC has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IJR has performed better with a 6.29% return vs 0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJR is cheaper with a 0.06% expense ratio, compared with 0.75% for VPC.
VPC has the higher dividend yield at 16.70%, compared with 1.15% for IJR.
VPC is categorized as Nontraditional Bonds, while IJR is Small Cap Blend Equities. VPC tracks Indxx Private Credit Index, while IJR tracks S&P SmallCap 600 Index. They also come from different issuers: Virtus Investment Partners and iShares. Their fees differ too: 0.75% for VPC and 0.06% for IJR.
IJR currently has the higher Sharpe Ratio (1.96 vs -1.18), 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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