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Launched · SEC filings

Virtus Private Credit Strategy ETF

VPCNYSE ArcaVirtusD

$14.45+0.10 (+0.72%)

At close: Nov 2, 2026, 4:00 PM ET

D37/ 100

Rank 10 of 12 in Listed Private Markets

D37/100Rank 10 of 12inListed Private Markets
Intraday session: up, 79 prints from 14.35 to 14.45. Range 14.33 to 14.51. Use the arrow keys to read each point.14.4014.5010 AM12 PM2 PM4 PM
Expense ratio
10.60%
Fund size
$28M
1Y total return
−11.8%
Yield · Last 12 months
15.43%
Holdings
62
Avg volume · 30D
9.35K sh
52W range
low $13.85high $19.13
Launched
Filings
SEC EDGAR

The ETF.net VPC Grade

D

Score 37 out of 100

Category
Listed Private Markets⁠
Rank
10 of 12
Six-pillar profile for VPC. Scores out of 100: Cost 19, Risk 45, Mission 68, Tradability 37, Holdings 80, Durability 41. Strongest: Holdings (80). Weakest: Cost (19). Leans toward Holdings.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 10 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B68 out of 100
    Rank 4 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C45 out of 100
    Rank 9 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 8 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 1 of 11

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 9 of 12

Our read on VPC

ETF.net Research

In short

DVPC buys the lenders, not the loans: one ticker for a slate of US-listed BDCs and private-credit closed-end funds. Its eye-popping fee line is mostly those underlying funds' own costs, which SEC rules force into the table.

Stated mandate

The Fund seeks an alternative source of yield through private credit, focusing on lending to non-investment-grade small- and mid-sized U.S. companies. It tracks the Indxx Private Credit Index, which provides passive exposure to U.S.-listed private-credit instruments.

Why people hold it

  • One ticker for a broad slate of US-listed BDCs and closed-end funds lending to small and mid-sized American companies, instead of a bet on one lender.sec.gov
  • Virtus charges 0.75% at the fund level; the rest of the headline expense ratio is the underlying BDCs' and CEFs' fees, itemized because SEC rules require it.virtus.comvirtus.com 2
  • The index weights holdings by dividend yield, caps any single name at 5%, and screens out the closed-end funds trading at the most extreme premiums or discounts.sec.gov
  • Trading since 2019, one of the early passive routes into exchange-listed private credit.

Worth knowing

  • Stacked BDC management and incentive fees are real money, and the all-in expense ratio sits far above cohort peers like GPZ and GTPE.virtus.com
  • A small fund that trades lightly, so spreads can run wider than the cohort's bigger names. Limit orders help.
  • You own lender equity, not the loans: prices move with credit conditions and sentiment, and payouts can include return of capital.sec.gov

VPC Performance

Launched Feb 7, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
VPC$8,822
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. VPC $8,822. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VPC. Periods over one year show the average yearly return.
PeriodVPC
Year to date−12.4%
1 month−3.2%
3 months−1.0%
1 year−11.8%
3 yearsper year+0.1%
5 yearsper year−0.5%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VPC
YearReturn barVPC
2026 YTD−12.4%
2025−6.7%
2024+10.5%
2023+22.2%
2022−11.7%
2021+34.2%
2020−9.4%

VPC in the news

VPC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
15.43%Last 12 months
Payout per share
$2.21Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2019–2026

One bar per payment. 30 payments from 2019 to 2026 YTD. Jun 20, 2019 $0.86; Sep 20, 2019 $0.52; Dec 20, 2019 $0.67; Mar 20, 2020 $0.35; Jun 22, 2020 $0.51; Sep 21, 2020 $0.51; Dec 21, 2020 $0.66; Mar 22, 2021 $0.37; Jun 21, 2021 $0.22; Sep 20, 2021 $0.46; Dec 20, 2021 $0.55; Mar 21, 2022 $0.44; Jun 21, 2022 $0.52; Sep 20, 2022 $0.57; Dec 20, 2022 $0.65; Mar 20, 2023 $0.55; Jun 20, 2023 $0.72; Sep 20, 2023 $0.54; Dec 20, 2023 $0.76; Mar 20, 2024 $0.51; Jun 20, 2024 $0.51; Sep 20, 2024 $0.55; Dec 20, 2024 $0.88; Mar 20, 2025 $0.45; Jun 20, 2025 $0.64; Sep 22, 2025 $0.50; Dec 22, 2025 $0.96; Mar 20, 2026 $0.59; Jun 22, 2026 $0.38; Sep 21, 2026 $0.28. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 28, 2026$0.28
Jun 22, 2026Jun 29, 2026$0.38
Mar 20, 2026Mar 27, 2026$0.59
Dec 22, 2025Dec 29, 2025$0.96
Sep 22, 2025Sep 29, 2025$0.50
Jun 20, 2025Jun 27, 2025$0.64
Mar 20, 2025Mar 25, 2025$0.45
Dec 20, 2024Dec 27, 2024$0.88
Sep 20, 2024Sep 27, 2024$0.55
Jun 20, 2024Jun 27, 2024$0.51
Mar 20, 2024Mar 26, 2024$0.51
Dec 20, 2023Dec 29, 2023$0.76

See all 30 payments⁠

$10,000 in VPC 5 years ago paid $4,401 in dividends.⁠

VPC Risk

Risk pillarC45 out of 100Rank 9 of 12 in Listed Private Markets
How much the fund’s monthly returns vary, scaled to a year.
13.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.26
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.8%
Trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.42
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

VPC Cost

Compare VPC and GPZ

Overpaying vs GPZ, cheapest in Listed Private Markets

$64,704

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • VPC 10.60%

    $72,794

  • GPZ 0.40% Cheapest

    $8,090

$10,000
30 years

Cost over time

  • VPC 10.60%
  • GPZ 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$20K$40K$60K$80K051015202530VPC $72,794GPZ $8,090

Year by year

YearVPCGPZOverpaying
10$12,741$723$12,018
20$33,894$2,793$31,101
30$72,794$8,090$64,704

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