GLAD vs. VRIG
GLAD (Gladstone Capital Corporation) is a stock, while VRIG (Invesco Variable Rate Investment Grade ETF) is Ultrashort Bond fund actively managed by Invesco. Over the past 5 years, GLAD returned 5.27%/yr vs 4.55%/yr for VRIG. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
GLAD vs. VRIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLAD achieves a -2.63% return, which is significantly lower than VRIG's 2.56% return.
GLAD
- 1D
- 1.87%
- 1M
- -1.88%
- 6M
- -1.51%
- YTD
- -2.63%
- 1Y
- -23.20%
- 3Y*
- 4.58%
- 5Y*
- 5.27%
- 10Y*
- 10.97%
- ALL TIME*
- 6.71%
VRIG
- 1D
- 0.00%
- 1M
- 0.39%
- 6M
- 2.05%
- YTD
- 2.56%
- 1Y
- 4.70%
- 3Y*
- 5.74%
- 5Y*
- 4.55%
- 10Y*
- —
- ALL TIME*
- 3.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.25M | $3.18M | $3.28M | |
| $13.68M | $13.54M | $13.35M |
GLAD vs. VRIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | -2.63% | -21.14% | 46.99% | 22.71% | -10.43% | 40.50% | -0.69% | 48.58% | -13.07% | 7.05% |
VRIG Invesco Variable Rate Investment Grade ETF | 2.56% | 5.05% | 6.81% | 7.37% | 0.99% | 1.06% | 1.76% | 4.57% | 0.51% | 3.20% |
Correlation
The correlation between GLAD and VRIG is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLAD vs. VRIG — Risk / Return Rank
GLAD
VRIG
GLAD vs. VRIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gladstone Capital Corporation (GLAD) and Invesco Variable Rate Investment Grade ETF (VRIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLAD | VRIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.59 | ||
| Sortino ratioReturn per unit of downside risk | -24.20 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 5.05 | -4.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 59.03 | -59.68 |
| Martin ratioReturn relative to average drawdown | -0.99 | 294.08 | -295.07 |
Loading charts...
Drawdowns
GLAD vs. VRIG - Drawdown Comparison
The maximum GLAD drawdown since its inception was -74.87%, which is greater than VRIG's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for GLAD and VRIG.
Loading charts...
Drawdown Indicators
| GLAD | VRIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.87% | -13.04% | -61.83% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -0.08% | -35.59% |
Max Drawdown (3Y)Largest decline over 3 years | -39.59% | -0.78% | -38.81% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -2.28% | -37.31% |
Max Drawdown (10Y)Largest decline over 10 years | -58.37% | — | — |
Current DrawdownCurrent decline from peak | -28.30% | 0.00% | -28.30% |
Average DrawdownAverage peak-to-trough decline | -18.76% | -0.26% | -18.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | 0.02% | +23.52% |
Volatility
GLAD vs. VRIG - Volatility Comparison
Gladstone Capital Corporation (GLAD) has a higher volatility of 5.74% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.12%. This indicates that GLAD's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLAD | VRIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 0.12% | +5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.20% | 0.36% | +18.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 0.49% | +25.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 1.29% | +22.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 3.77% | +26.29% |
Dividends
GLAD vs. VRIG - Dividend Comparison
GLAD's dividend yield for the trailing twelve months is around 10.15%, more than VRIG's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | 10.15% | 9.85% | 8.37% | 9.16% | 8.42% | 6.73% | 8.97% | 8.46% | 11.51% | 9.12% | 8.95% | 11.49% |
VRIG Invesco Variable Rate Investment Grade ETF | 4.65% | 4.99% | 6.09% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% | 0.00% |
Frequently Asked Questions
GLAD and VRIG have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLAD has higher volatility (5.74%) compared to VRIG (0.12%). In terms of maximum drawdown, GLAD dropped -74.87% vs VRIG's -13.04%.
VRIG currently has the higher Sharpe Ratio (9.70 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GLAD and VRIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer