VPC vs. KNRG

Last updated Jun 4, 2026

VPC (Virtus Private Credit ETF) and KNRG (Simplify Kayne Anderson Energy and Infrastructure Credit ETF) are both Nontraditional Bonds funds. VPC is passively managed, while KNRG is actively managed. Over the past year, VPC returned -12.88% vs 9.32% for KNRG. At a 0.31 correlation, their price movements are largely independent. VPC charges 0.75%/yr vs 0.76%/yr for KNRG.

Performance

VPC vs. KNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Private Credit ETF (VPC) and Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPC achieves a -9.26% return, which is significantly lower than KNRG's 2.38% return.

VPC

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

KNRG

• 1D: -0.13%
• 1M: 0.47%
• YTD: 2.38%
• 6M: 2.49%
• 1Y: 9.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VPC vs. KNRG - Yearly Performance Comparison

	2026 (YTD)	2025
VPC Virtus Private Credit ETF	-9.26%	-3.41%
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	2.38%	7.33%

Correlation

The correlation between VPC and KNRG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since May 29, 2025	0.31

VPC vs. KNRG - Sectors Allocation Comparison

Sectors	VPC	KNRG
Financial Services	98.3%	-
Technology	1.3%	-
Communication Services	0.1%	-
Industrials	0.1%	-
Consumer Cyclical	0.1%	-
Healthcare	0.0%	-
Energy	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	100.0%

Return for Risk

VPC vs. KNRG — 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

KNRG

KNRG Risk / Return Rank: 82
KNRG Sharpe Ratio Rank: 83
KNRG Sortino Ratio Rank: 88
KNRG Omega Ratio Rank: 89
KNRG Calmar Ratio Rank: 70
KNRG Martin Ratio Rank: 82

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. KNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). 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	KNRG	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	2.66	-3.64
Sortino ratio: Return per unit of downside risk	-1.33	3.99	-5.32
Omega ratio: Gain probability vs. loss probability	0.85	1.56	-0.71
Calmar ratio: Return relative to maximum drawdown	-0.57	3.46	-4.02
Martin ratio: Return relative to average drawdown	-1.13	16.11	-17.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VPC vs. KNRG - Sharpe Ratio Comparison

The current VPC Sharpe Ratio is -0.98, which is lower than the KNRG Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of VPC and KNRG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VPC	KNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.98	2.66	-3.64
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	2.77	-2.57

Drawdowns

VPC vs. KNRG - Drawdown Comparison

The maximum VPC drawdown since its inception was -53.45%, which is greater than KNRG's maximum drawdown of -2.71%. Use the drawdown chart below to compare losses from any high point for VPC and KNRG.

Drawdown Indicators

	VPC	KNRG	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-2.71%	-50.74%
Max Drawdown (1Y) Largest decline over 1 year	-22.76%	-2.71%	-20.05%
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%	-0.13%	-19.50%
Average Drawdown Average peak-to-trough decline	-7.67%	-0.34%	-7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.45%	0.58%	+10.87%

Volatility

VPC vs. KNRG - Volatility Comparison

Virtus Private Credit ETF (VPC) has a higher volatility of 3.27% compared to Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) at 0.74%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than KNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPC	KNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	0.74%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	2.17%	+8.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	3.54%	+9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	3.53%	+9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	3.53%	+17.03%

VPC vs. KNRG - Expense Ratio Comparison

VPC has a 0.75% expense ratio, which is lower than KNRG's 0.76% expense ratio.

Dividends

VPC vs. KNRG - Dividend Comparison

VPC's dividend yield for the trailing twelve months is around 17.30%, more than KNRG's 6.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	6.95%	4.22%	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

Can I hold both VPC and KNRG in my portfolio?

VPC and KNRG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPC or KNRG?

VPC has higher volatility (3.27%) compared to KNRG (0.74%). In terms of maximum drawdown, VPC dropped -53.45% vs KNRG's -2.71%.

Which ETF is better, VPC or KNRG?

On 1-year performance, KNRG leads with 9.32% vs -12.88% for VPC. On fees, VPC is cheaper at 0.75% per year. On volatility, KNRG has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPC or KNRG?

Over the 1-year period, KNRG has performed better with a 9.32% return vs -12.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPC or KNRG?

VPC is cheaper with a 0.75% expense ratio, compared with 0.76% for KNRG.

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

VPC has the higher dividend yield at 17.30%, compared with 6.95% for KNRG.

What is the main difference between VPC and KNRG?

They also come from different issuers: Virtus Investment Partners and Simplify. Their fees differ too: 0.75% for VPC and 0.76% for KNRG.

Which has better risk-adjusted returns?

KNRG currently has the higher Sharpe Ratio (2.66 vs -0.98), 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.