VPC vs. VRP
Compare and contrast key facts about Virtus Private Credit Strategy ETF (VPC) and Invesco Variable Rate Preferred ETF (VRP).
VPC and VRP 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. VRP is a passively managed fund by Invesco that tracks the performance of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. It was launched on May 1, 2014. Both VPC and VRP 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 VRP.
Key characteristics
| VPC | VRP | |
|---|---|---|
| YTD Return | 8.35% | 11.15% |
| 1Y Return | 15.12% | 16.16% |
| 3Y Return (Ann) | 5.00% | 3.76% |
| 5Y Return (Ann) | 7.90% | 4.32% |
| Sharpe Ratio | 1.75 | 3.60 |
| Sortino Ratio | 2.35 | 5.41 |
| Omega Ratio | 1.32 | 1.75 |
| Calmar Ratio | 2.43 | 3.55 |
| Martin Ratio | 9.36 | 37.17 |
| Ulcer Index | 1.61% | 0.44% |
| Daily Std Dev | 8.56% | 4.58% |
| Max Drawdown | -53.45% | -46.04% |
| Current Drawdown | -1.74% | -0.29% |
Correlation
The correlation between VPC and VRP is 0.43, 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. VRP - Performance Comparison
In the year-to-date period, VPC achieves a 8.35% return, which is significantly lower than VRP's 11.15% 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. VRP - Expense Ratio Comparison
VPC has a 5.53% expense ratio, which is higher than VRP's 0.50% expense ratio.
Risk-Adjusted Performance
VPC vs. VRP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit Strategy ETF (VPC) and Invesco Variable Rate Preferred ETF (VRP). 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. VRP - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 10.52%, more than VRP's 5.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VRP Invesco Variable Rate Preferred ETF | 5.94% | 6.61% | 5.38% | 4.26% | 4.18% | 5.15% | 5.28% | 4.68% | 5.10% | 5.02% | 3.04% |
Drawdowns
VPC vs. VRP - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, which is greater than VRP's maximum drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for VPC and VRP. For additional features, visit the drawdowns tool.
Volatility
VPC vs. VRP - Volatility Comparison
Virtus Private Credit Strategy ETF (VPC) has a higher volatility of 2.99% compared to Invesco Variable Rate Preferred ETF (VRP) at 1.12%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than VRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.