Virtus Private Credit ETF (VPC) Performance
VPC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −14.7% since Dec 31, 2025
- 1 year
- −14.1% total return
- 5 years
- −0.9% a year
- Since first price
- +3.1% a year since 2019
VPC trailing returns vs AGG, TLT, SPY
| Period | VPC total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −7.1% | −7.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.2% | −4.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −6.7% | −10.8% | −1.5% | −3.8% | +7.8% |
| YTD | −14.7% | −21.6% | −1.0% | −3.4% | +12.3% |
| 1 year | −14.1% | −25.1% | −1.1% | −6.9% | +14.4% |
| 3 years | −2.2%−0.8%/yr | −31.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −4.6%−0.9%/yr | −46.1% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionFeb 8, 2019 | +26.3%+3.1%/yr | −43.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: VPC vs AGG
From Feb 8, 2019: VPC grew to $12,630, AGG to $11,199.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VPC returns by calendar year
3 of 6 full years positive. Best 2021 (+34.2%), worst 2022 (−11.6%). 2026 is year to date.
VPC annual returns table
| Year | VPC | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −14.7% | −18.2% | −1.0% | −3.4% | +12.3% |
| 2025 | −6.6% | −17.5% | +7.2% | +4.3% | +17.7% |
| 2024 | +10.6% | −6.2% | +1.3% | −8.1% | +24.9% |
| 2023 | +22.4% | −9.3% | +5.7% | +2.8% | +26.2% |
| 2022 | −11.6% | −20.8% | −13.0% | −31.2% | −18.2% |
| 2021 | +34.2% | −4.7% | −1.8% | −4.6% | +28.7% |
| 2020 | −9.5% | −53.4% | +7.5% | +18.2% | +18.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
VPC largest drawdowns
Now 24.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −53.4% | Mar 23, 2020 | Mar 2, 2021 | 32 days | 1.0 years |
| Feb 20, 2025 | −24.8% | Mar 13, 2026 | not yet | 1.1 years | 1.7 years so far |
| Jan 12, 2022 | −20.8% | Sep 29, 2022 | Sep 18, 2023 | 9 months | 1.7 years |
| Sep 19, 2023 | −7.1% | Oct 27, 2023 | Nov 27, 2023 | 38 days | 2 months |
| Jul 15, 2024 | −6.2% | Aug 5, 2024 | Nov 25, 2024 | 21 days | 4 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
VPC risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | −0.4% | +1.0% | +3.6% |
| Volatility (annualized) | 13.4% | 14.5% | 20.1% |
| Sharpe ratio | -0.29 | -0.11 | 0.16 |
| Sortino ratio | -0.37 | -0.14 | 0.20 |
| Best month | +7.7% | +7.9% | +17.8% |
| Worst month | −11.2% | −12.2% | −34.3% |
| Best 12 months | +20.0% | +27.4% | +74.7% |
| Worst 12 months | −20.8% | −20.8% | −34.9% |
| Positive months | 53% | 53% | 59% |
| Beta vs S&P 500 | 0.62 | 0.63 | — |
| Correlation with S&P 500 | 0.57 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
VPC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 81 | −34.9% | +0.1% | +74.7% | 51% |
| 3-year (a year) | 57 | −1.1% | +7.2% | +22.5% | 95% |
| 5-year (a year) | 33 | −1.0% | +8.2% | +18.7% | 97% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
VPC performance overview
Virtus Private Credit ETF (VPC) returned −14.1% over the past year and −0.9% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +3.1% a year, turning $10,000 into about $12,630. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −53.4%, from Feb 20, 2020 to Mar 23, 2020, and it took 11 months to get back to the old high. VPC finished 3 of its 6 full calendar years with a gain; the best year was 2021 (+34.2%) and the worst 2022 (−11.6%). Volatility has been 20.1% a year.
Related: VPC chart, VPC holdings, VPC dividends, VPC bond profile. See the VPC overview for the latest quote and fund facts.
VPC performance FAQ
What is the VPC return over the past year?
VPC returned −14.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 25.1%.
What is the average annual return of VPC?
VPC has returned −0.9% a year over 5 years, +3.1% a year since February 8, 2019 (total return, distributions reinvested).
How much would $10,000 invested in VPC be worth?
$10,000 invested in VPC at its first recorded close on February 8, 2019 would be worth about $12,630 on October 23, 2026 with distributions reinvested.
What was the worst year for VPC?
The worst calendar year was 2022, with a total return of −11.6%. The best was 2021 at +34.2%.
What is the biggest drawdown of VPC?
The largest peak-to-trough decline was −53.4% between February 20, 2020 and March 23, 2020. It recovered to the old high on March 2, 2021, 11 months after the bottom.
How volatile is VPC?
Over the past 3 years VPC had an annualized volatility of 13.4% and a Sharpe ratio of -0.29 (excess return over 1–3 month T-bills per unit of risk).