NASA vs. VRIG

Last updated Jul 18, 2026

NASA (Tema Space Innovators ETF) and VRIG (Invesco Variable Rate Investment Grade ETF) are both exchange-traded funds - NASA is a Aerospace & Defense fund actively managed by Tema, while VRIG is a Ultrashort Bond fund actively managed by Invesco. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. NASA charges 0.75%/yr vs 0.30%/yr for VRIG.

Performance

NASA vs. VRIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Space Innovators ETF (NASA) and Invesco Variable Rate Investment Grade ETF (VRIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NASA

• 1D: -0.99%
• 1M: -27.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VRIG

• 1D: 0.04%
• 1M: 0.37%
• 6M: 2.16%
• YTD: 2.37%
• 1Y: 4.80%
• 3Y*: 5.85%
• 5Y*: 4.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NASA vs. VRIG - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	-4.61%
VRIG Invesco Variable Rate Investment Grade ETF	1.52%

Correlation

The correlation between NASA and VRIG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	-0.08

Return for Risk

NASA vs. VRIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NASA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VRIG

VRIG Risk / Return Rank: 99
VRIG Sharpe Ratio Rank: 99
VRIG Sortino Ratio Rank: 99
VRIG Omega Ratio Rank: 99
VRIG Calmar Ratio Rank: 100
VRIG Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NASA vs. VRIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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.

	NASA	VRIG	Difference
Sharpe ratio: Return per unit of total volatility	—	9.95	—
Sortino ratio: Return per unit of downside risk	—	23.53	—
Omega ratio: Gain probability vs. loss probability	—	5.14	—
Calmar ratio: Return relative to maximum drawdown	—	60.28	—
Martin ratio: Return relative to average drawdown	—	303.17	—

Drawdowns

NASA vs. VRIG - Drawdown Comparison

The maximum NASA drawdown since its inception was -45.12%, which is greater than VRIG's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for NASA and VRIG.

Drawdown Indicators

	NASA	VRIG	Difference
Max Drawdown Largest peak-to-trough decline	-45.12%	-13.04%	-32.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.28%	—
Current Drawdown Current decline from peak	-45.12%	0.00%	-45.12%
Average Drawdown Average peak-to-trough decline	-14.01%	-0.26%	-13.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	NASA	VRIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.63%	0.48%	+66.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.63%	1.29%	+65.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.63%	3.78%	+62.85%

NASA vs. VRIG - Expense Ratio Comparison

NASA has a 0.75% expense ratio, which is higher than VRIG's 0.30% expense ratio.

Dividends

NASA vs. VRIG - Dividend Comparison

NASA has not paid dividends to shareholders, while VRIG's dividend yield for the trailing twelve months is around 4.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NASA Tema Space Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VRIG Invesco Variable Rate Investment Grade ETF	4.70%	4.99%	6.09%	5.97%	2.39%	0.78%	1.57%	3.12%	2.89%	2.31%	0.60%

Frequently Asked Questions

Can I hold both NASA and VRIG in my portfolio?

NASA and VRIG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NASA or VRIG?

On fees, VRIG is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NASA or VRIG?

VRIG is cheaper with a 0.30% expense ratio, compared with 0.75% for NASA.

Which ETF pays a higher dividend yield, NASA or VRIG?

VRIG has the higher dividend yield at 4.70%, compared with 0.00% for NASA.

What is the main difference between NASA and VRIG?

NASA is categorized as Aerospace & Defense, while VRIG is Ultrashort Bond. They also come from different issuers: Tema and Invesco. Their fees differ too: 0.75% for NASA and 0.30% for VRIG.