Invesco Variable Rate Preferred ETF (VRP) belongs to the Preferred Stock/Convertible Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with VRP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VRP
VRP charges 0.50% annually. There are 13 ETFs in the Preferred Stock/Convertible Bonds category with lower expense ratios, going as low as 0.20%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Convertible Bond ETF | 0.20% | 7.48B | Jun 2015 | VRP vs ICVT | |
| Global X U.S. Preferred ETF | 0.23% | 2.17B | Sep 2017 | VRP vs PFFD | |
| Global X Variable Rate Preferred ETF | 0.25% | 304.58M | Jun 2020 | VRP vs PFFV | |
| Eaton Vance Preferred Securities and Income ETF | 0.39% | 35.04M | Mar 2026 | VRP vs EVPF | |
| SPDR Bloomberg Barclays Convertible Securities ETF | 0.40% | 6.03B | Apr 2009 | VRP vs CWB |
Best Risk-Adjusted Alternatives to VRP
VRP has a PortfoliosLab risk / return rank of 73. There are 4 ETFs in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 79.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Preferred And Income ETF | 79 | 168.85M | Mar 2024 | VRP vs NPFI | |
| iShares Convertible Bond ETF | 76 | 7.48B | Jun 2015 | VRP vs ICVT | |
| AAM Low Duration Preferred and Income Securities E... | 73 | 487.73M | Nov 2019 | VRP vs PFLD | |
| First Trust Institutional Preferred Securities & I... | 73 | 1.92B | Aug 2017 | VRP vs FPEI | |
| First Trust SSI Strategic Convertible Securities E... | 70 | 116.40M | Nov 2015 | VRP vs FCVT |
Top Performing VRP Alternatives (YTD)
VRP is at 2.53% YTD. There are 8 ETFs in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 18.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Convertible Bond ETF | 18.95% | 7.48B | Jun 2015 | VRP vs ICVT | |
| First Trust SSI Strategic Convertible Securities E... | 18.52% | 116.40M | Nov 2015 | VRP vs FCVT | |
| SPDR Bloomberg Barclays Convertible Securities ETF | 17.27% | 6.03B | Apr 2009 | VRP vs CWB | |
| Global X SuperIncome Preferred ETF | 3.46% | 140.39M | Jul 2012 | VRP vs SPFF | |
| Cohen & Steers Preferred and Income Opportunities ... | 3.14% | 65.77M | Feb 2025 | VRP vs CSPF |
Lowest Volatility Alternatives to VRP
VRP has 2.90% 1-year volatility. No ETFs in the Preferred Stock/Convertible Bonds category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 2.90%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Preferred And Income ETF | 2.90% | 168.85M | Mar 2024 | VRP vs NPFI | |
| Fidelity Preferred Securities & Income ETF | 2.97% | 81.24M | Jun 2021 | VRP vs FPFD | |
| Cohen & Steers Short Duration Preferred and Income... | 3.03% | 17.00M | Dec 2025 | VRP vs CSSD | |
| Principal Spectrum Preferred Secs Active ETF | 3.13% | 1.70B | Jul 2017 | VRP vs PREF | |
| PIMCO Preferred And Capital Securities Active Exch... | 3.18% | 222.53M | Jan 2023 | VRP vs PRFD |
Lowest Drawdown Alternatives to VRP
VRP has a 1-year max drawdown of -2.89%. There are 4 ETFs in the Preferred Stock/Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -2.11%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| North Square RCIM Tax-Advantaged Preferred and Inc... | -2.11% | 74.29M | Dec 2024 | VRP vs QTPI | |
| AAM Low Duration Preferred and Income Securities E... | -2.23% | 487.73M | Nov 2019 | VRP vs PFLD | |
| Fidelity Preferred Securities & Income ETF | -2.75% | 81.24M | Jun 2021 | VRP vs FPFD | |
| Principal Spectrum Preferred Secs Active ETF | -2.88% | 1.70B | Jul 2017 | VRP vs PREF | |
| Cohen & Steers Preferred and Income Opportunities ... | -3.06% | 65.77M | Feb 2025 | VRP vs CSPF |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | VRP vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | VRP vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | VRP vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | VRP vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | VRP vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | VRP vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | VRP vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | VRP vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | VRP vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | VRP vs PPA |
Often Compared With VRP
Investors most often compare VRP with SPY, JEPI, SCHD. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare VRP with Any Fund or Stock
Compare VRP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VRP with funds that move differently
Invesco Variable Rate Preferred ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VRP.
Explore VRP Diversifiers