MVRL vs. VPC ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Virtus Private Credit Strategy ETF (VPC)

MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Grade (RS Rating)

Last Trade

$17.04

Average Daily Volume

8,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$22.87

Average Daily Volume

33,092

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	VPC
30 Days	-0.94%	0.72%
60 Days	1.24%	2.94%
90 Days	1.13%	5.25%
12 Months	6.18%	21.96%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in VPC	Overlap

MVRL Overweight 23 Positions Relative to VPC

Symbol	Grade	Weight
NLY	C	13.03%
AGNC	A	8.86%
STWD	D	8.19%
CIM	C	5.48%
HASI	D	5.04%
BXMT	C	4.84%
ABR	B	4.54%
TWO	B	4.01%
MFA	B	3.81%
PMT	C	3.79%
ARI	D	3.76%
LADR	A	3.51%
NYMT	F	3.26%
RWT	B	2.77%
EFC	B	2.49%
RC	C	2.05%
ORC	C	2.0%
ACRE	D	1.95%
BRSP	D	1.92%
KREF	D	1.86%
IVR	C	1.84%
ARR	B	1.83%
DX	D	1.48%

MVRL Underweight 52 Positions Relative to VPC

Symbol	Grade	Weight
OXLC	B	-3.01%
TPVG	F	-2.56%
XFLT	B	-2.44%
PSEC	C	-2.3%
FSK	A	-2.3%
TCPC	B	-2.2%
GSBD	A	-2.16%
HRZN	B	-2.11%
BIGZ	B	-2.1%
PFLT	B	-2.01%
VVR	B	-1.97%
SAR	C	-1.92%
CCAP	A	-1.89%
SLRC	B	-1.89%
WHF	C	-1.89%
NMFC	C	-1.88%
KIO	A	-1.87%
JQC	A	-1.86%
SCM	C	-1.85%
PNNT	A	-1.85%
JFR	B	-1.82%
FDUS	C	-1.81%
BBDC	A	-1.8%
BCSF	A	-1.78%
ARDC	A	-1.76%
GAIN	B	-1.75%
PHD	A	-1.75%
FCT	C	-1.73%
BLW	A	-1.66%
GBDC	C	-1.59%
CSWC	A	-1.57%
EVF	A	-1.57%
ARCC	A	-1.56%
CGBD	B	-1.54%
EFR	A	-1.53%
TSLX	A	-1.53%
DSU	A	-1.52%
CION	B	-1.51%
FRA	A	-1.5%
BGB	A	-1.5%
HTGC	A	-1.5%
EFT	A	-1.47%
BSL	A	-1.45%
BGT	C	-1.41%
BXSL	B	-1.31%
MAIN	A	-1.23%
IQI	A	-1.05%
MRCC	C	-1.02%
PTMN	B	-1.01%
OXSQ	C	-0.95%
OFS	F	-0.91%
BMN	B	-0.4%

VPC: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance