UPGD vs. VFMV
Compare and contrast key facts about Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) and Vanguard U.S. Minimum Volatility ETF (VFMV).
UPGD and VFMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPGD is a passively managed fund by Invesco that tracks the performance of the Bloomberg ANR Improvers Index - Benchmark TR Gross. It was launched on May 19, 2006. VFMV is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.
Performance
UPGD vs. VFMV - Performance Comparison
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UPGD vs. VFMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UPGD Invesco Bloomberg Analyst Rating Improvers ETF | -0.92% | 8.89% | 13.28% | 15.65% | -13.17% | 24.09% | 6.21% | 32.02% | -15.56% |
VFMV Vanguard U.S. Minimum Volatility ETF | 2.90% | 10.52% | 16.91% | 8.86% | -5.73% | 20.75% | -0.19% | 27.26% | -1.10% |
Returns By Period
In the year-to-date period, UPGD achieves a -0.92% return, which is significantly lower than VFMV's 2.90% return.
UPGD
- 1D
- 0.60%
- 1M
- -7.60%
- YTD
- -0.92%
- 6M
- -0.66%
- 1Y
- 6.54%
- 3Y*
- 11.40%
- 5Y*
- 5.75%
- 10Y*
- 9.42%
VFMV
- 1D
- 0.35%
- 1M
- -4.26%
- YTD
- 2.90%
- 6M
- 3.50%
- 1Y
- 7.75%
- 3Y*
- 12.83%
- 5Y*
- 9.31%
- 10Y*
- —
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UPGD vs. VFMV - Expense Ratio Comparison
UPGD has a 0.40% expense ratio, which is higher than VFMV's 0.13% expense ratio.
Return for Risk
UPGD vs. VFMV — Risk / Return Rank
UPGD
VFMV
UPGD vs. VFMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) and Vanguard U.S. Minimum Volatility ETF (VFMV). 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.
| UPGD | VFMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.63 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.68 | 0.94 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.80 | -0.25 |
Martin ratioReturn relative to average drawdown | 2.02 | 3.69 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UPGD | VFMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.63 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.80 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.66 | -0.34 |
Correlation
The correlation between UPGD and VFMV is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UPGD vs. VFMV - Dividend Comparison
UPGD's dividend yield for the trailing twelve months is around 1.76%, less than VFMV's 2.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPGD Invesco Bloomberg Analyst Rating Improvers ETF | 1.76% | 1.75% | 1.28% | 1.39% | 0.72% | 0.52% | 0.28% | 0.20% | 1.43% | 0.00% | 1.55% | 0.93% |
VFMV Vanguard U.S. Minimum Volatility ETF | 2.04% | 2.12% | 1.46% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
UPGD vs. VFMV - Drawdown Comparison
The maximum UPGD drawdown since its inception was -60.74%, which is greater than VFMV's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for UPGD and VFMV.
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Drawdown Indicators
| UPGD | VFMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.74% | -33.64% | -27.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -9.63% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -15.41% | -8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | — | — |
Current DrawdownCurrent decline from peak | -7.75% | -4.26% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -3.69% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.09% | +1.14% |
Volatility
UPGD vs. VFMV - Volatility Comparison
Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) has a higher volatility of 4.86% compared to Vanguard U.S. Minimum Volatility ETF (VFMV) at 3.43%. This indicates that UPGD's price experiences larger fluctuations and is considered to be riskier than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPGD | VFMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 3.43% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 6.62% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 12.28% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 11.77% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 14.34% | +7.29% |