VPC vs. BDCX ETF Comparison
Comparison of Virtus Private Credit Strategy ETF (VPC) to ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX)
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
BDCX
ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
BDCX Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Wells Fargo Business Development Company Index, reduced by the Accrued Fees. The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange, NYSE AMEX or The Nasdaq Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.Grade (RS Rating)
Last Trade
$31.68
Average Daily Volume
1,335
23
Performance
| Period | VPC | BDCX |
|---|---|---|
| 30 Days | 1.59% | 1.38% |
| 60 Days | 1.99% | 3.42% |
| 90 Days | 2.52% | 5.75% |
| 12 Months | 15.58% | 18.59% |
20 Overlapping Holdings
| Symbol | Grade | Weight in VPC | Weight in BDCX | Overlap | |
|---|---|---|---|---|---|
| ARCC | A | 1.49% | 17.86% | 1.49% | |
| BBDC | A | 1.57% | 1.72% | 1.57% | |
| BCSF | C | 1.51% | 2.09% | 1.51% | |
| CGBD | D | 1.44% | 2.28% | 1.44% | |
| CSWC | D | 1.34% | 1.82% | 1.34% | |
| FDUS | A | 1.72% | 1.28% | 1.28% | |
| FSK | A | 2.26% | 11.43% | 2.26% | |
| GAIN | C | 1.7% | 1.69% | 1.69% | |
| GBDC | C | 1.55% | 4.5% | 1.55% | |
| GSBD | F | 1.85% | 4.48% | 1.85% | |
| HTGC | D | 1.7% | 4.42% | 1.7% | |
| MAIN | A | 1.12% | 5.85% | 1.12% | |
| NMFC | D | 1.61% | 3.68% | 1.61% | |
| PFLT | D | 1.68% | 1.45% | 1.45% | |
| PNNT | B | 1.74% | 1.4% | 1.4% | |
| PSEC | D | 2.09% | 5.48% | 2.09% | |
| SLRC | A | 1.83% | 2.05% | 1.83% | |
| TCPC | C | 2.23% | 2.36% | 2.23% | |
| TPVG | C | 3.54% | 1.57% | 1.57% | |
| TSLX | C | 1.5% | 4.71% | 1.5% |
VPC Overweight 32 Positions Relative to BDCX
| Symbol | Grade | Weight | |
|---|---|---|---|
| OCCI | C | 4.37% | |
| ECC | D | 2.53% | |
| XFLT | A | 2.2% | |
| BIGZ | A | 2.09% | |
| SAR | A | 1.97% | |
| WHF | F | 1.79% | |
| SCM | C | 1.71% | |
| FCT | A | 1.62% | |
| JFR | A | 1.62% | |
| CCAP | A | 1.62% | |
| VVR | D | 1.61% | |
| JQC | A | 1.59% | |
| PHD | A | 1.53% | |
| HRZN | F | 1.53% | |
| FRA | B | 1.52% | |
| EFR | A | 1.51% | |
| EVF | A | 1.48% | |
| EFT | A | 1.48% | |
| CION | C | 1.46% | |
| DSU | B | 1.44% | |
| KIO | D | 1.43% | |
| BGT | B | 1.41% | |
| ARDC | A | 1.37% | |
| BGX | A | 1.37% | |
| BXSL | A | 1.37% | |
| BLW | B | 1.36% | |
| BSL | A | 1.28% | |
| MRCC | B | 1.07% | |
| OFS | D | 0.99% | |
| MPV | D | 0.93% | |
| PTMN | F | 0.9% | |
| OXSQ | F | 0.88% |
VPC: Top Represented Industries & Keywords
BDCX: Top Represented Industries & Keywords
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