Invesco Variable Rate Preferred ETF (VRP)

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Invesco Variable Rate Preferred ETF (VRP) is up 2.0% since the beginning of the year. VRP is currently trading at $24 per share. Investors who bought $1,000 worth of VRP shares 5 years ago would now be looking at an investment worth $1,238.

Invesco Variable Rate Preferred ETF (VRP) has returned 2.02% so far this year and 6.78% over the past 12 months.

Based on dividend-adjusted daily data since May 1, 2014, VRP's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +9.1%, while the worst month was Mar 2020 at -12.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, VRP closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +16.4%, while the worst single day was Mar 18, 2020 at -28.3%.

Invesco Variable Rate Preferred ETF has an annualized alpha of 3.51%, beta of 0.15, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since May 02, 2014.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.05%) than losses (9.39%) - typical of diversified or defensive assets.
• Beta of 0.15 may look defensive, but with R2 of 0.38 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

VRP has an expense ratio of 0.50%, placing it in the medium range.

VRP ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Invesco Variable Rate Preferred ETF (VRP) and compare them to S&P 500 Index.

Invesco Variable Rate Preferred ETF provided a 6.30% dividend yield over the last twelve months, with an annual payout of $1.53 per share.

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.

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.

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 0.21%.

The chart below shows the rolling one-month volatility.