ISDB vs. VRIG
Compare and contrast key facts about Invesco Short Duration Bond ETF (ISDB) and Invesco Variable Rate Investment Grade ETF (VRIG).
ISDB and VRIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISDB is an actively managed fund by Invesco. It was launched on Dec 5, 2022. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISDB or VRIG.
Key characteristics
| ISDB | VRIG | |
|---|---|---|
| YTD Return | 4.82% | 5.76% |
| 1Y Return | 7.64% | 7.16% |
| Sharpe Ratio | 4.05 | 8.94 |
| Sortino Ratio | 6.96 | 19.23 |
| Omega Ratio | 1.96 | 4.42 |
| Calmar Ratio | 10.38 | 36.25 |
| Martin Ratio | 31.74 | 240.88 |
| Ulcer Index | 0.24% | 0.03% |
| Daily Std Dev | 1.85% | 0.81% |
| Max Drawdown | -1.44% | -13.04% |
| Current Drawdown | -0.48% | 0.00% |
Correlation
The correlation between ISDB and VRIG is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ISDB vs. VRIG - Performance Comparison
In the year-to-date period, ISDB achieves a 4.82% return, which is significantly lower than VRIG's 5.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ISDB vs. VRIG - Expense Ratio Comparison
ISDB has a 0.36% expense ratio, which is higher than VRIG's 0.30% expense ratio.
Risk-Adjusted Performance
ISDB vs. VRIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Bond ETF (ISDB) 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.
Dividends
ISDB vs. VRIG - Dividend Comparison
ISDB's dividend yield for the trailing twelve months is around 5.52%, less than VRIG's 6.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ISDB Invesco Short Duration Bond ETF | 5.52% | 5.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRIG Invesco Variable Rate Investment Grade ETF | 6.19% | 5.96% | 2.39% | 0.77% | 1.56% | 3.13% | 2.89% | 2.31% | 0.60% |
Drawdowns
ISDB vs. VRIG - Drawdown Comparison
The maximum ISDB drawdown since its inception was -1.44%, smaller than the maximum VRIG drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for ISDB and VRIG. For additional features, visit the drawdowns tool.
Volatility
ISDB vs. VRIG - Volatility Comparison
Invesco Short Duration Bond ETF (ISDB) has a higher volatility of 0.48% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.22%. This indicates that ISDB'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.