VPC vs. VYM
VPC (Virtus Private Credit ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 5 years, VPC returned 0.37%/yr vs 12.10%/yr for VYM. A 0.59 correlation means they provide meaningful diversification when combined. VPC charges 0.75%/yr vs 0.04%/yr for VYM.
Performance
VPC vs. VYM - Performance Comparison
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Returns By Period
In the year-to-date period, VPC achieves a -13.15% return, which is significantly lower than VYM's 11.70% return.
VPC
- 1D
- -1.45%
- 1M
- -4.16%
- YTD
- -13.15%
- 6M
- -11.96%
- 1Y
- -16.89%
- 3Y*
- 1.05%
- 5Y*
- 0.37%
- 10Y*
- —
VYM
- 1D
- 0.11%
- 1M
- 0.42%
- YTD
- 11.70%
- 6M
- 11.13%
- 1Y
- 25.24%
- 3Y*
- 18.48%
- 5Y*
- 12.10%
- 10Y*
- 12.00%
VPC vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VPC Virtus Private Credit ETF | -13.15% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% | -9.50% | 9.25% |
VYM Vanguard High Dividend Yield ETF | 11.70% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 16.69% |
Correlation
The correlation between VPC and VYM is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.59 |
The correlation between VPC and VYM shifts across timeframes, from 0.43 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VPC vs. VYM — Risk / Return Rank
VPC
VYM
VPC vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Private Credit ETF (VPC) and Vanguard High Dividend Yield ETF (VYM). 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 | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.70 | ||
| Sortino ratioReturn per unit of downside risk | -5.20 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.44 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 3.79 | -4.53 |
| Martin ratioReturn relative to average drawdown | -1.39 | 14.09 | -15.49 |
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Drawdowns
VPC vs. VYM - Drawdown Comparison
The maximum VPC drawdown since its inception was -53.45%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for VPC and VYM.
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Drawdown Indicators
| VPC | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -56.98% | +3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -22.76% | -6.69% | -16.07% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -14.46% | -10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -15.84% | -9.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -23.08% | -1.12% | -21.96% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -7.18% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.13% | 1.80% | +10.33% |
Volatility
VPC vs. VYM - Volatility Comparison
Virtus Private Credit ETF (VPC) has a higher volatility of 4.15% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. This indicates that VPC's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPC | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.02% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 7.64% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 10.41% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 13.93% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 16.35% | +4.17% |
VPC vs. VYM - Expense Ratio Comparison
VPC has a 0.75% expense ratio, which is higher than VYM's 0.04% expense ratio.
Dividends
VPC vs. VYM - Dividend Comparison
VPC's dividend yield for the trailing twelve months is around 16.77%, more than VYM's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPC Virtus Private Credit ETF | 16.77% | 14.33% | 11.26% | 11.71% | 10.74% | 6.31% | 10.06% | 8.19% | 0.00% | 0.00% | 0.00% | 0.00% |
VYM Vanguard High Dividend Yield ETF | 2.29% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
VPC and VYM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPC has higher volatility (4.15%) compared to VYM (3.02%). In terms of maximum drawdown, VPC dropped -53.45% vs VYM's -56.98%.
On 5-year performance, VYM leads with 12.10% vs 0.37% for VPC. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VYM has performed better with a 12.10% return vs 0.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYM is cheaper with a 0.04% expense ratio, compared with 0.75% for VPC.
VPC has the higher dividend yield at 16.77%, compared with 2.29% for VYM.
VPC is categorized as Nontraditional Bonds, while VYM is Dividend. VPC tracks Indxx Private Credit Index, while VYM tracks FTSE High Dividend Yield Index. They also come from different issuers: Virtus Investment Partners and Vanguard. Their fees differ too: 0.75% for VPC and 0.04% for VYM.
VYM currently has the higher Sharpe Ratio (2.44 vs -1.26), 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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