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 14 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% | 7.11B | 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% | 306.29M | Jun 2020 | VRP vs PFFV | |
| American Century Quality Preferred ETF | 0.33% | 78.51M | Feb 2021 | VRP vs QPFF | |
| Eaton Vance Preferred Securities and Income ETF | 0.39% | 32.18M | Mar 2026 | VRP vs EVPF |
Best Risk-Adjusted Alternatives to VRP
VRP has a PortfoliosLab risk / return rank of 71. There are 4 ETFs in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Convertible Bond ETF | 87 | 7.11B | Jun 2015 | VRP vs ICVT | |
| First Trust SSI Strategic Convertible Securities E... | 87 | 122.33M | Nov 2015 | VRP vs FCVT | |
| SPDR Bloomberg Barclays Convertible Securities ETF | 83 | 6.21B | Apr 2009 | VRP vs CWB | |
| Nuveen Preferred And Income ETF | 76 | 166.00M | Mar 2024 | VRP vs NPFI | |
| First Trust Institutional Preferred Securities & I... | 70 | 1.88B | Aug 2017 | VRP vs FPEI |
Top Performing VRP Alternatives (YTD)
VRP is at 2.11% YTD. There are 12 ETFs in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 25.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust SSI Strategic Convertible Securities E... | 25.61% | 122.33M | Nov 2015 | VRP vs FCVT | |
| iShares Convertible Bond ETF | 25.28% | 7.11B | Jun 2015 | VRP vs ICVT | |
| SPDR Bloomberg Barclays Convertible Securities ETF | 23.48% | 6.21B | Apr 2009 | VRP vs CWB | |
| VanEck Vectors Preferred Securities ex Financials ... | 8.54% | 2.51B | Jul 2012 | VRP vs PFXF | |
| Global X SuperIncome Preferred ETF | 6.91% | 144.35M | Jul 2012 | VRP vs SPFF |
Lowest Volatility Alternatives to VRP
VRP has 2.88% 1-year volatility. There are 2 ETFs in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Preferred-Plus ETF | 0.00% | 11.44M | Dec 2018 | VRP vs IPPP | |
| American Century Quality Preferred ETF | 0.00% | 78.51M | Feb 2021 | VRP vs QPFF | |
| Nuveen Preferred And Income ETF | 2.91% | 166.00M | Mar 2024 | VRP vs NPFI | |
| Fidelity Preferred Securities & Income ETF | 2.95% | 83.35M | Jun 2021 | VRP vs FPFD | |
| Principal Spectrum Preferred Secs Active ETF | 3.09% | 1.70B | Jul 2017 | VRP vs PREF |
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% | 83.35M | 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 10 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | VRP vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 75 | 30.35% | 19.93B | Oct 2015 | VRP vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 74 | 21.39% | 96.91B | Oct 2020 | VRP vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | VRP vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | VRP vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | VRP vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 54 | 15.48% | 18.88B | Dec 2005 | VRP vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 21 | 4.38% | 3.23B | Oct 2012 | VRP vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 37 | 8.54% | 8.37B | Oct 2005 | VRP vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | VRP vs XMMO |
Often Compared With VRP
Investors most often compare VRP with SPY, JEPI, SCHD. These 20 comparison targets span 12 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