HIPS vs. VPC ETF Comparison
Comparison of Master Income ETF (HIPS) to Virtus Private Credit Strategy ETF (VPC)
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
Grade (RS Rating)
Last Trade
$13.16
Average Daily Volume
31,726
37
VPC
Virtus Private Credit Strategy ETF
VPC Description
The investment seeks investment results that correspond the price and yield performance of the Indxx Private Credit Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed, registered closed-end investment companies that have elected to be regulated as "business development companies" under the Investment Company Act of 1940, as well as U.S.-listed, non-BDC registered closed-end funds. The fund is non-diversified.Grade (RS Rating)
Last Trade
$22.53
Average Daily Volume
22,849
52
Performance
| Period | HIPS | VPC |
|---|---|---|
| 30 Days | 3.55% | 1.59% |
| 60 Days | 1.87% | 1.99% |
| 90 Days | 3.35% | 2.52% |
| 12 Months | 20.42% | 15.58% |
15 Overlapping Holdings
| Symbol | Grade | Weight in HIPS | Weight in VPC | Overlap | |
|---|---|---|---|---|---|
| ARCC | A | 2.72% | 1.49% | 1.49% | |
| BGX | A | 2.79% | 1.37% | 1.37% | |
| BLW | B | 2.6% | 1.36% | 1.36% | |
| BXSL | A | 2.62% | 1.37% | 1.37% | |
| DSU | B | 2.52% | 1.44% | 1.44% | |
| EFT | A | 2.64% | 1.48% | 1.48% | |
| FCT | A | 2.63% | 1.62% | 1.62% | |
| FDUS | A | 2.62% | 1.72% | 1.72% | |
| FSK | A | 2.65% | 2.26% | 2.26% | |
| GBDC | C | 2.55% | 1.55% | 1.55% | |
| GSBD | F | 2.2% | 1.85% | 1.85% | |
| JFR | A | 2.75% | 1.62% | 1.62% | |
| JQC | A | 2.78% | 1.59% | 1.59% | |
| NMFC | D | 2.26% | 1.61% | 1.61% | |
| SLRC | A | 2.66% | 1.83% | 1.83% |
HIPS Overweight 22 Positions Relative to VPC
HIPS Underweight 37 Positions Relative to VPC
| Symbol | Grade | Weight | |
|---|---|---|---|
| OCCI | C | -4.37% | |
| TPVG | C | -3.54% | |
| ECC | D | -2.53% | |
| TCPC | C | -2.23% | |
| XFLT | A | -2.2% | |
| PSEC | D | -2.09% | |
| BIGZ | A | -2.09% | |
| SAR | A | -1.97% | |
| WHF | F | -1.79% | |
| PNNT | B | -1.74% | |
| SCM | C | -1.71% | |
| HTGC | D | -1.7% | |
| GAIN | C | -1.7% | |
| PFLT | D | -1.68% | |
| CCAP | A | -1.62% | |
| VVR | D | -1.61% | |
| BBDC | A | -1.57% | |
| PHD | A | -1.53% | |
| HRZN | F | -1.53% | |
| FRA | B | -1.52% | |
| EFR | A | -1.51% | |
| BCSF | C | -1.51% | |
| TSLX | C | -1.5% | |
| EVF | A | -1.48% | |
| CION | C | -1.46% | |
| CGBD | D | -1.44% | |
| KIO | D | -1.43% | |
| BGT | B | -1.41% | |
| ARDC | A | -1.37% | |
| CSWC | D | -1.34% | |
| BSL | A | -1.28% | |
| MAIN | A | -1.12% | |
| MRCC | B | -1.07% | |
| OFS | D | -0.99% | |
| MPV | D | -0.93% | |
| PTMN | F | -0.9% | |
| OXSQ | F | -0.88% |
HIPS: Top Represented Industries & Keywords
VPC: Top Represented Industries & Keywords
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