FBDCvsVPCETF Comparison
ETF 1
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-1.52%
VS
FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) belongs to the Uncategorized Equities segment. Virtus Private Credit Strategy ETF (VPC) is part of the Multi-Asset: Other segment. FBDC's top 1 sector exposures are Finance. In contrast, VPC's top sector exposures are Finance and Non-Corporate. FBDC is more expensive with a Total Expense Ratio (TER) of 12.44%, versus 10.6% for VPC. FBDC is down -4.79% year-to-date (YTD) with +$2M in YTD flows. VPC performs worse with -13.12% YTD performance, and -$9M in YTD flows. Run a side-by-side ETF comparison of FBDC and VPC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FBDC vs VPC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/13/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FBDC VPC | -4.29%-6.19% | -0.44%-3.33% | -4.79%-13.12% | -0.85%-12.38% | n/a-3.96% | n/a+0.88% |
| Flows | FBDC VPC | +$858K- | +$2M-$2M | +$2M-$9M | -$219K-$15M | -+$11M | -+$28M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBDC VPC | +15.68%+13.17% | +18.17%+13.97% | n/a+12.63% | n/a+13.16% |
| Max drawdown | FBDC VPC | -8.38%-9.22% | -14.81%-17.87% | n/a-24.65% | n/a-24.65% |
| Max drawdown duration | FBDC VPC | 61d62d | 239d272d | n/a602d | n/a602d |
Trading data
FBDC | VPC | |
Last sale 10/14/2026 at 7:59 PM | $16.39 | $14.44 |
| Previous close 10/14/2026 | $16.47 | $14.25 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FBDC
is actively managed and doesn’t replicate an indexFBDC | VPC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/14/2026 at 7:59 PM
Live
Closed
FBDC | VPC | |
|---|---|---|
| Last price | $16.39 | $14.44 |
| 1D performance | -0.49% | +1.37% |
| AuM | $34.77 M | $27.08 M |
| E/R | 12.44% | 10.6% |
Characteristics
FBDC | VPC | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | VIRTUS Investment Partners |
| Benchmark | - | Indxx Private Credit Index |
| N° of holdings | 20 | 54 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2025 | February 7, 2019 |
| ESG | No | No |
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Exposure
Countries
FBDC
USA
95.59%
Other
4.41%
VPC
USA
84.88%
Other
15.12%
Sectors
FBDC
Finance
95.59%
Other
4.41%
VPC
Finance
63.74%
Non-Corporate
21.14%
Other
15.12%
Diversification
FBDC
Total weight of top 15 holdings out of 15
89.25%
VPC
Total weight of top 15 holdings out of 15
38.41%
Top 15 holdings
Data as of August 31, 2026
FBDC
Main Street Capital Corp
12.58%
Hercules Capital, Inc.
11.40%
Ares Capital Corp.
9.64%
Golub Capital BDC, Inc.
9.07%
Sixth Street Specialty Lending, Inc.
8.18%
Blackstone Secured Lending Fund
6.57%
Blue Owl Capital Corp.
6.44%
Barings BDC, Inc.
5.27%
Capital Southwest Corp
4.70%
New Mountain Finance Corp.
4.14%
MidCap Financial Investment Corp
2.64%
Bain Capital Specialty Finance, Inc.
2.33%
Oaktree Specialty Lending Corp.
2.31%
Morgan Stanley Direct Lending Fund
2.09%
Kayne Anderson BDC, Inc.
1.89%
VPC
Eagle Point Credit Company Inc.
4.20%
Horizon Technology Finance Corp.
3.80%
Blackrock TCP Capital Corp.
3.36%
Prospect Capital Corp.
3.11%
XAI Floating Rate & Alternative Income Trust
2.93%
FS KKR Capital Corp.
2.85%
PennantPark Investment Corp.
2.55%
CION Investment Corp.
2.49%
Runway Growth Finance Corp.
2.48%
Goldman Sachs BDC, Inc.
2.13%
Oaktree Specialty Lending Corp.
1.92%
Stellus Capital Investment Corp.
1.69%
Carlyle Secured Lending, Inc
1.67%
Invesco Senior Income Trust
1.63%
New Mountain Finance Corp.
1.60%
Frequently asked questions about FBDC and VPC
How have the FBDC and VPC ETFs performed in 2026?
As of October 13, 2026, FBDC is down -4.79% year-to-date (YTD), while VPC has lost -13.12%. That puts FBDC better performer ahead so far this year.
Which ETF is attracting more investor money: FBDC or VPC?
Year-to-date, the FBDC ETF saw +$2M in flows, compared to -$9M for VPC.
Which ETF is more volatile: FBDC or VPC?
Over the past year, FBDC had a volatility of 18.17%, while VPC experienced 13.97%.
Which ETF is bigger: FBDC or VPC?
As of October 13, 2026, FBDC holds $34.77 M in assets under management (AUM), while VPC manages $27.08 M.
What sectors do the FBDC and VPC ETFs invest in?
FBDC leans toward sectors like Finance. Meanwhile, VPC focuses on Finance and Non-Corporate.
What are the top holdings of the FBDC ETF and VPC ETF?
FBDC top holdings include Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp.. VPC holds in its top three: Eagle Point Credit Company Inc., Horizon Technology Finance Corp. and Blackrock TCP Capital Corp..
Which ETF is more diversified: FBDC or VPC?
FBDC holds 20 securities with 89.25% of its assets in the top 15. VPC has 54 securities and a top 15 weight of 38.41%.
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Latest news about FBDC & VPC
Notable ETF Filings and Launches Recap: September 2024
September 26, 2024
VPC
There's an ETF for That? Private Credit
September 18, 2024
VPC
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