Invesco Variable Rate Preferred ETF (VRP)
VRP is a passive ETF by Invesco tracking the investment results of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. VRP launched on May 1, 2014 and has a 0.50% expense ratio.
ETF Info
| ISIN | US73937B5975 |
|---|---|
| CUSIP | 73937B597 |
| Issuer | Invesco |
| Inception Date | May 1, 2014 |
| Region | North America (U.S.) |
| Category | Preferred Stock/Convertible Bonds |
| Leveraged | 1x |
| Index Tracked | Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index |
| Home Page | www.invesco.com |
| Asset Class | Multi-Asset |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
VRP features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: VRP vs. PSK, VRP vs. FPEI, VRP vs. PFFV, VRP vs. SCHD, VRP vs. SPY, VRP vs. JEPI, VRP vs. JEPQ, VRP vs. PEY, VRP vs. QYLD, VRP vs. XLK
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Variable Rate Preferred ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Variable Rate Preferred ETF had a return of 10.88% year-to-date (YTD) and 16.50% in the last 12 months. Over the past 10 years, Invesco Variable Rate Preferred ETF had an annualized return of 5.06%, while the S&P 500 had an annualized return of 11.33%, indicating that Invesco Variable Rate Preferred ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.88% | 24.30% |
| 1 month | 0.95% | 4.09% |
| 6 months | 4.88% | 14.29% |
| 1 year | 16.50% | 35.42% |
| 5 years (annualized) | 4.32% | 13.95% |
| 10 years (annualized) | 5.06% | 11.33% |
Monthly Returns
The table below presents the monthly returns of VRP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.29% | 0.95% | 1.09% | -0.29% | 1.53% | 0.92% | 0.82% | 1.22% | 1.44% | 0.38% | 10.88% | ||
| 2023 | 5.59% | -0.98% | -3.98% | 1.06% | -0.24% | 1.23% | 2.67% | 0.00% | -0.56% | -2.46% | 5.02% | 2.96% | 10.35% |
| 2022 | -1.85% | -2.30% | -0.54% | -2.76% | -1.31% | -4.15% | 5.70% | -1.67% | -3.74% | 0.74% | 2.56% | 0.32% | -9.01% |
| 2021 | -0.14% | -0.87% | 1.75% | 1.33% | 0.39% | 1.08% | 0.69% | 0.30% | -0.27% | -0.08% | -1.54% | 1.53% | 4.20% |
| 2020 | 0.98% | -5.33% | -12.05% | 9.09% | 0.91% | 0.33% | 5.22% | 2.39% | -1.40% | 0.37% | 4.60% | 1.49% | 5.11% |
| 2019 | 6.07% | 1.79% | 1.20% | 1.20% | 0.00% | 1.63% | 1.57% | 0.81% | 0.88% | 1.65% | 0.21% | 0.96% | 19.39% |
| 2018 | -0.37% | -0.26% | -0.07% | -0.64% | 0.13% | 0.40% | 1.09% | 0.72% | -0.51% | -1.51% | -3.11% | -2.61% | -6.62% |
| 2017 | 2.02% | 2.34% | 0.30% | 1.48% | 1.45% | 1.05% | 0.74% | -0.42% | 0.41% | -0.06% | -0.41% | 0.05% | 9.26% |
| 2016 | -1.40% | -1.41% | 2.96% | 1.38% | 2.23% | 1.29% | 3.00% | 1.04% | -0.08% | 0.10% | -3.15% | 0.84% | 6.81% |
| 2015 | 1.31% | 1.17% | 0.95% | 0.17% | -0.23% | -0.86% | 0.60% | -1.06% | 0.10% | 0.73% | 0.78% | -0.32% | 3.36% |
| 2014 | 0.88% | 1.12% | -0.32% | 0.88% | -1.19% | 0.61% | 0.19% | -0.35% | 1.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of VRP is 92, placing it in the top 8% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Variable Rate Preferred ETF (VRP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Variable Rate Preferred ETF provided a 5.95% dividend yield over the last twelve months, with an annual payout of $1.45 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.45 | $1.53 | $1.20 | $1.10 | $1.08 | $1.33 | $1.21 | $1.20 | $1.25 | $1.22 | $0.75 |
Dividend yield | 5.95% | 6.61% | 5.38% | 4.26% | 4.18% | 5.15% | 5.28% | 4.68% | 5.10% | 5.02% | 3.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Variable Rate Preferred ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.11 | $0.12 | $0.11 | $0.11 | $0.14 | $0.00 | $1.12 | |
| 2023 | $0.11 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.11 | $0.16 | $0.17 | $0.17 | $1.53 |
| 2022 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.09 | $0.10 | $0.10 | $0.10 | $1.20 |
| 2021 | $0.09 | $0.10 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.10 |
| 2020 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.08 |
| 2019 | $0.12 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.11 | $0.10 | $0.11 | $0.11 | $0.11 | $0.10 | $1.33 |
| 2018 | $0.11 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $1.21 |
| 2017 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.09 | $1.20 |
| 2016 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $1.25 |
| 2015 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.10 | $0.09 | $0.11 | $0.11 | $0.10 | $1.22 |
| 2014 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.11 | $0.10 | $0.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Variable Rate Preferred ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Variable Rate Preferred ETF was 46.04%, occurring on Mar 18, 2020. Recovery took 169 trading sessions.
The current Invesco Variable Rate Preferred ETF drawdown is 0.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.04% | Feb 18, 2020 | 22 | Mar 18, 2020 | 169 | Nov 16, 2020 | 191 |
| -13.76% | Sep 23, 2021 | 369 | Mar 13, 2023 | 209 | Jan 10, 2024 | 578 |
| -9.04% | Sep 4, 2018 | 80 | Dec 27, 2018 | 43 | Mar 1, 2019 | 123 |
| -7.54% | Apr 29, 2015 | 200 | Feb 11, 2016 | 49 | Apr 22, 2016 | 249 |
| -5.38% | Sep 7, 2016 | 49 | Nov 14, 2016 | 57 | Feb 7, 2017 | 106 |
Volatility
Volatility Chart
The current Invesco Variable Rate Preferred ETF volatility is 1.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.