VSHY vs. VPC

Last updated Aug 4, 2026

VSHY (Virtus Newfleet Short Duration High Yield Bond ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - VSHY is a High Yield Bonds fund actively managed by Virtus, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. VSHY is actively managed, while VPC is passively managed. Over the past year, VSHY returned 6.04% vs -14.71% for VPC. Their 0.44 correlation means their historical movements had little consistent relationship. VSHY charges 0.40%/yr vs 0.75%/yr for VPC.

Performance

VSHY vs. VPC - Performance Comparison

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

Returns By Period

In the year-to-date period, VSHY achieves a 2.97% return, which is significantly higher than VPC's -9.85% return.

VSHY

• 1D: 0.37%
• 1M: 0.40%
• 6M: 2.23%
• YTD: 2.97%
• 1Y: 6.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.15%

VPC

• 1D: 1.90%
• 1M: 0.33%
• 6M: -7.94%
• YTD: -9.85%
• 1Y: -14.71%
• 3Y*: -0.64%
• 5Y*: 1.24%
• 10Y*: —
• ALL TIME*: 3.88%

*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)
VPC Virtus Private Credit ETF	$172.51K	$168.73K	$168.71K
VSHY Virtus Newfleet Short Duration High Yield Bond ETF	$34.66K	$24.34K	$44.05K

VSHY vs. VPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VSHY Virtus Newfleet Short Duration High Yield Bond ETF	2.97%	6.87%	8.03%	3.76%
VPC Virtus Private Credit ETF	-9.85%	-6.75%	10.52%	4.54%

Correlation

The correlation between VSHY and VPC is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since Nov 28, 2023	0.44

Return for Risk

VSHY vs. VPC — Risk / Return Rank

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

VSHY

VSHY Risk / Return Rank: 79
VSHY Sharpe Ratio Rank: 72
VSHY Sortino Ratio Rank: 77
VSHY Omega Ratio Rank: 76
VSHY Calmar Ratio Rank: 85
VSHY Martin Ratio Rank: 85

VPC

VPC Risk / Return Rank: 2
VPC Sharpe Ratio Rank: 1
VPC Sortino Ratio Rank: 2
VPC Omega Ratio Rank: 2
VPC Calmar Ratio Rank: 4
VPC Martin Ratio Rank: 3

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.

VSHY vs. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) and Virtus Private Credit ETF (VPC). 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.

	VSHY	VPC	Difference
Sharpe ratio: Return per unit of total volatility	1.77	-1.07	+2.83
Sortino ratio: Return per unit of downside risk	2.69	-1.46	+4.14
Omega ratio: Gain probability vs. loss probability	1.34	0.84	+0.50
Calmar ratio: Return relative to maximum drawdown	3.50	-0.69	+4.18
Martin ratio: Return relative to average drawdown	13.01	-1.17	+14.18

VSHY vs. VPC - Sharpe Ratio Comparison

The current VSHY Sharpe Ratio is 1.77, which is higher than the VPC Sharpe Ratio of -1.07. The chart below compares the historical Sharpe Ratios of VSHY and VPC, 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

VSHY vs. VPC - Drawdown Comparison

The maximum VSHY drawdown since its inception was -4.55%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for VSHY and VPC.

Drawdown Indicators

	VSHY	VPC	Difference
Max Drawdown Largest peak-to-trough decline	-4.55%	-53.45%	+48.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.73%	-21.55%	+19.82%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.86%	—
Current Drawdown Current decline from peak	0.00%	-20.16%	+20.16%
Average Drawdown Average peak-to-trough decline	-0.40%	-7.96%	+7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	12.55%	-12.08%

Volatility

VSHY vs. VPC - Volatility Comparison

The current volatility for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is 0.70%, while Virtus Private Credit ETF (VPC) has a volatility of 3.95%. This indicates that VSHY experiences smaller price fluctuations and is considered to be less risky than VPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSHY	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	3.95%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	11.15%	-8.33%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	13.88%	-10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	13.61%	-9.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.33%	20.43%	-16.10%

VSHY vs. VPC - Expense Ratio Comparison

VSHY has a 0.40% expense ratio, which is lower than VPC's 0.75% expense ratio.

Dividends

VSHY vs. VPC - Dividend Comparison

VSHY's dividend yield for the trailing twelve months is around 6.24%, less than VPC's 16.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
VPC Virtus Private Credit ETF	16.16%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%
VSHY Virtus Newfleet Short Duration High Yield Bond ETF	6.24%	6.14%	6.81%	1.36%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSHY and VPC in my portfolio?

VSHY and VPC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSHY or VPC?

VPC has higher volatility (3.95%) compared to VSHY (0.70%). In terms of maximum drawdown, VSHY dropped -4.55% vs VPC's -53.45%.

Which ETF is better, VSHY or VPC?

On 1-year performance, VSHY leads with 6.04% vs -14.71% for VPC. On fees, VSHY is cheaper at 0.40% per year. On volatility, VSHY has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSHY or VPC?

Over the 1-year period, VSHY has performed better with a 6.04% return vs -14.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSHY or VPC?

VSHY is cheaper with a 0.40% expense ratio, compared with 0.75% for VPC.

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

VPC has the higher dividend yield at 16.16%, compared with 6.24% for VSHY.

What is the main difference between VSHY and VPC?

VSHY is categorized as High Yield Bonds, while VPC is Nontraditional Bonds. Their fees differ too: 0.40% for VSHY and 0.75% for VPC.

Which has better risk-adjusted returns?

VSHY currently has the higher Sharpe Ratio (1.77 vs -1.07), 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.