VPC vs. VEMY

Last updated Aug 2, 2026

VPC (Virtus Private Credit ETF) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both exchange-traded funds - VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index, while VEMY is a Emerging Markets Bonds fund actively managed by Virtus. VPC is passively managed, while VEMY is actively managed. Over the past 3 years, VPC returned -1.29%/yr vs 13.84%/yr for VEMY. Their 0.42 correlation means their historical movements had little consistent relationship. VPC charges 0.75%/yr vs 0.58%/yr for VEMY.

Performance

VPC vs. VEMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Private Credit ETF (VPC) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPC achieves a -11.53% return, which is significantly lower than VEMY's 5.65% return.

VPC

• 1D: 0.17%
• 1M: -1.53%
• 6M: -11.08%
• YTD: -11.53%
• 1Y: -16.30%
• 3Y*: -1.29%
• 5Y*: 0.87%
• 10Y*: —
• ALL TIME*: 3.63%

VEMY

• 1D: 0.04%
• 1M: -0.85%
• 6M: 3.07%
• YTD: 5.65%
• 1Y: 12.83%
• 3Y*: 13.84%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	$966.52K	$884.39K	$876.68K
VPC Virtus Private Credit ETF	$87.07K	$126.50K	$156.13K

VPC vs. VEMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VPC Virtus Private Credit ETF	-11.53%	-6.75%	10.52%	22.20%	-1.73%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	5.65%	15.27%	13.48%	14.45%	-1.43%

Correlation

The correlation between VPC and VEMY is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.42

Return for Risk

VPC vs. VEMY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VPC

VPC Risk / Return Rank: 1
VPC Sharpe Ratio Rank: 0
VPC Sortino Ratio Rank: 1
VPC Omega Ratio Rank: 1
VPC Calmar Ratio Rank: 3
VPC Martin Ratio Rank: 1

VEMY

VEMY Risk / Return Rank: 89
VEMY Sharpe Ratio Rank: 88
VEMY Sortino Ratio Rank: 92
VEMY Omega Ratio Rank: 91
VEMY Calmar Ratio Rank: 85
VEMY Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VPC vs. VEMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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	VEMY	Difference
Sharpe ratio: Return per unit of total volatility	-1.25	2.15	-3.40
Sortino ratio: Return per unit of downside risk	-1.72	3.32	-5.04
Omega ratio: Gain probability vs. loss probability	0.81	1.43	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.79	3.23	-4.03
Martin ratio: Return relative to average drawdown	-1.37	14.88	-16.25

VPC vs. VEMY - Sharpe Ratio Comparison

The current VPC Sharpe Ratio is -1.25, which is lower than the VEMY Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of VPC and VEMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VPC vs. VEMY - Drawdown Comparison

The maximum VPC drawdown since its inception was -53.45%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for VPC and VEMY.

Drawdown Indicators

	VPC	VEMY	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-8.77%	-44.68%
Max Drawdown (1Y) Largest decline over 1 year	-21.55%	-4.00%	-17.55%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-6.57%	-18.29%
Max Drawdown (5Y) Largest decline over 5 years	-24.86%	—	—
Current Drawdown Current decline from peak	-21.64%	-1.07%	-20.57%
Average Drawdown Average peak-to-trough decline	-7.95%	-1.27%	-6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.51%	0.87%	+11.64%

Volatility

VPC vs. VEMY - Volatility Comparison

Virtus Private Credit ETF (VPC) has a higher volatility of 3.44% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.13%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPC	VEMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	1.13%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	11.09%	4.52%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.74%	6.02%	+7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	7.52%	+6.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.42%	7.52%	+12.90%

VPC vs. VEMY - Expense Ratio Comparison

VPC has a 0.75% expense ratio, which is higher than VEMY's 0.58% expense ratio.

Dividends

VPC vs. VEMY - Dividend Comparison

VPC's dividend yield for the trailing twelve months is around 16.46%, more than VEMY's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	8.12%	8.89%	10.28%	9.55%	0.00%	0.00%	0.00%	0.00%
VPC Virtus Private Credit ETF	16.46%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%

Frequently Asked Questions

Can I hold both VPC and VEMY in my portfolio?

VPC and VEMY have a correlation of 0.38, 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 VEMY?

VPC has higher volatility (3.44%) compared to VEMY (1.13%). In terms of maximum drawdown, VPC dropped -53.45% vs VEMY's -8.77%.

Which ETF is better, VPC or VEMY?

On 3-year performance, VEMY leads with 13.84% vs -1.29% for VPC. On fees, VEMY is cheaper at 0.58% per year. On volatility, VEMY has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPC or VEMY?

Over the 3-year period, VEMY has performed better with a 13.84% return vs -1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPC or VEMY?

VEMY is cheaper with a 0.58% expense ratio, compared with 0.75% for VPC.

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

VPC has the higher dividend yield at 16.46%, compared with 8.12% for VEMY.

What is the main difference between VPC and VEMY?

VPC is categorized as Nontraditional Bonds, while VEMY is Emerging Markets Bonds. Their fees differ too: 0.75% for VPC and 0.58% for VEMY.

Which has better risk-adjusted returns?

VEMY currently has the higher Sharpe Ratio (2.15 vs -1.25), 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.