UCON vs VPC
First Trust Smith Unconstrained Plus Bond ETF compared with Virtus Private Credit ETF on yield, payout growth, payment schedule, cost and risk.
UCON
First Trust Smith Unconstrained Plus Bond ETF
TTM yield · Monthly
VPC
Virtus Private Credit ETF
TTM yield · Quarterly
Quick take
- VPC yields more today: 9.67% vs 4.75% (forward).
- UCON pays every month; VPC pays every quarter.
- Over the last year UCON delivered the higher total return: +2.9% vs -12.8% (price change plus payouts).
- UCON is cheaper to own: 0.86% vs 10.60% expense ratio.
- UCON has the steadier distribution: consistency 92/100 vs 72/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | UCON | VPC |
|---|---|---|
| Share price | $24.54 | $15.73 |
| TTM yield | 4.75% | 15.46% |
| Forward yield | 4.75% | 9.67% |
| Annual payout per share | $1.165 | $1.52 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Sep 20, 2026 (est.) | Sep 21, 2026 (est.) |
| Expense ratio | 0.86% | 10.60% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 92/100 | 72/100 |
| 1-year total return | +2.9% | -12.8% |
| 1-year price return | -1.8% | -24.5% |
| Size (market cap / AUM) | 3.3B | 30.3M |
| Years paying | 8.1 | 7.2 |
| Sector / category | Nontraditional Bond | Nontraditional Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| UCON | VPC | |
|---|---|---|
| Shares | 407.5 | 635.9 |
| Income per year | $475 | $967 |
| Income per month (avg) | $40 | $81 |
At forward yields, before taxes. Model UCON · Model VPC
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| UCON Sep 20, 2026 | Oct 4, 2026 | $0.0971 | Est. |
| UCON Oct 20, 2026 | Nov 3, 2026 | $0.0971 | Est. |
| UCON Nov 19, 2026 | Dec 3, 2026 | $0.0971 | Est. |
| VPC Sep 21, 2026 | Oct 5, 2026 | $0.38 | Est. |
| VPC Dec 21, 2026 | Jan 4, 2027 | $0.38 | Est. |
| VPC Mar 22, 2027 | Apr 5, 2027 | $0.38 | Est. |
Annual payouts per share
UCONVPC
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, UCON or VPC?
VPC currently has the higher trailing yield: UCON yields 4.75% and VPC yields 15.46%. Yield changes daily with price, so check the live figures above.
How often do UCON and VPC pay?
UCON pays every month and VPC pays every quarter. UCON's next ex-date is Sep 20, 2026 and VPC's is Sep 21, 2026.
Is UCON or VPC better for income?
It depends on what you are optimising for. UCON and VPC differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.