VPC vs. OBND
VPC (Virtus Private Credit ETF) and OBND (SPDR Loomis Sayles Opportunistic Bond ETF) are both Nontraditional Bonds funds. VPC is passively managed, while OBND is actively managed. Over the past 3 years, VPC returned 1.19%/yr vs 6.84%/yr for OBND. At a 0.37 correlation, their price movements are largely independent. VPC charges 0.75%/yr vs 0.55%/yr for OBND.
Performance
VPC vs. OBND - 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 OBND's 1.47% return.
VPC
- 1D
- 0.41%
- 1M
- -3.76%
- YTD
- -12.79%
- 6M
- -11.42%
- 1Y
- -15.79%
- 3Y*
- 1.19%
- 5Y*
- 0.39%
- 10Y*
- —
OBND
- 1D
- -0.00%
- 1M
- 0.54%
- YTD
- 1.47%
- 6M
- 1.42%
- 1Y
- 5.74%
- 3Y*
- 6.84%
- 5Y*
- —
- 10Y*
- —
VPC vs. OBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VPC Virtus Private Credit ETF | -12.79% | -6.75% | 10.52% | 22.20% | -11.70% | 3.96% |
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 1.47% | 7.85% | 4.80% | 9.47% | -11.24% | 0.05% |
Correlation
The correlation between VPC and OBND is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.37 |
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Return for Risk
VPC vs. OBND — Risk / Return Rank
VPC
OBND
VPC vs. OBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). 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 | OBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.31 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 2.00 | -2.70 |
| Martin ratioReturn relative to average drawdown | -1.30 | 8.70 | -9.99 |
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Drawdowns
VPC vs. OBND - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, which is greater than OBND's maximum drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for VPC and OBND.
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Drawdown Indicators
| VPC | OBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -15.86% | -37.59% |
Max Drawdown (1Y)Largest decline over 1 year | -22.76% | -2.88% | -19.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -3.17% | -21.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | — | — |
Current DrawdownCurrent decline from peak | -22.76% | -0.27% | -22.49% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -4.36% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 0.66% | +11.54% |
Volatility
VPC vs. OBND - Volatility Comparison
Virtus Private Credit ETF (VPC) has a higher volatility of 4.19% compared to SPDR Loomis Sayles Opportunistic Bond ETF (OBND) at 1.13%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than OBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPC | OBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 1.13% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.26% | 2.79% | +8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 3.48% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 4.66% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 4.66% | +15.86% |
VPC vs. OBND - Expense Ratio Comparison
VPC has a 0.75% expense ratio, which is higher than OBND's 0.55% expense ratio.
Dividends
VPC vs. OBND - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 16.70%, more than OBND's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 6.27% | 6.26% | 6.53% | 6.01% | 4.56% | 0.55% | 0.00% | 0.00% |
VPC Virtus Private Credit ETF | 16.70% | 14.33% | 11.26% | 11.71% | 10.74% | 6.31% | 10.06% | 8.19% |
Frequently Asked Questions
VPC and OBND have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPC has higher volatility (4.19%) compared to OBND (1.13%). In terms of maximum drawdown, VPC dropped -53.45% vs OBND's -15.86%.
On 3-year performance, OBND leads with 6.84% vs 1.19% for VPC. On fees, OBND is cheaper at 0.55% per year. On volatility, OBND has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OBND has performed better with a 6.84% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OBND is cheaper with a 0.55% expense ratio, compared with 0.75% for VPC.
VPC has the higher dividend yield at 16.70%, compared with 6.27% for OBND.
They also come from different issuers: Virtus Investment Partners and State Street. Their fees differ too: 0.75% for VPC and 0.55% for OBND.
OBND currently has the higher Sharpe Ratio (1.66 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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