VPC vs. QAI
Compare and contrast key facts about Virtus Private Credit Strategy ETF (VPC) and IQ Hedge Multi-Strategy Tracker ETF (QAI).
VPC and QAI 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. QAI is a passively managed fund by New York Life that tracks the performance of the IQ Hedge Multi-Strategy Index. It was launched on Mar 25, 2009. Both VPC and QAI 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 QAI.
Key characteristics
| VPC | QAI | |
|---|---|---|
| YTD Return | 8.35% | 7.21% |
| 1Y Return | 15.12% | 11.47% |
| 3Y Return (Ann) | 5.00% | 2.14% |
| 5Y Return (Ann) | 7.90% | 3.02% |
| Sharpe Ratio | 1.75 | 2.25 |
| Sortino Ratio | 2.35 | 3.25 |
| Omega Ratio | 1.32 | 1.42 |
| Calmar Ratio | 2.43 | 2.06 |
| Martin Ratio | 9.36 | 15.69 |
| Ulcer Index | 1.61% | 0.74% |
| Daily Std Dev | 8.56% | 5.19% |
| Max Drawdown | -53.45% | -14.95% |
| Current Drawdown | -1.74% | -0.40% |
Correlation
The correlation between VPC and QAI is 0.53, 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. QAI - Performance Comparison
In the year-to-date period, VPC achieves a 8.35% return, which is significantly higher than QAI's 7.21% 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. QAI - Expense Ratio Comparison
VPC has a 5.53% expense ratio, which is higher than QAI's 0.79% expense ratio.
Risk-Adjusted Performance
VPC vs. QAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit Strategy ETF (VPC) and IQ Hedge Multi-Strategy Tracker ETF (QAI). 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. QAI - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 10.52%, more than QAI's 3.80% 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% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 3.80% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% | 1.26% |
Drawdowns
VPC vs. QAI - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for VPC and QAI. For additional features, visit the drawdowns tool.
Volatility
VPC vs. QAI - Volatility Comparison
Virtus Private Credit Strategy ETF (VPC) has a higher volatility of 2.99% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 1.42%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.