VRIG vs. FEMB
Compare and contrast key facts about Invesco Variable Rate Investment Grade ETF (VRIG) and First Trust Emerging Markets Local Currency Bond ETF (FEMB).
VRIG and FEMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VRIG is an actively managed fund by Invesco. It was launched on Sep 20, 2016. FEMB is an actively managed fund by First Trust. It was launched on Nov 4, 2014.
Performance
VRIG vs. FEMB - Performance Comparison
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VRIG vs. FEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRIG Invesco Variable Rate Investment Grade ETF | 0.90% | 5.05% | 6.81% | 7.37% | 0.99% | 1.06% | 1.76% | 4.57% | 0.51% | 3.20% |
FEMB First Trust Emerging Markets Local Currency Bond ETF | -2.12% | 21.77% | -5.61% | 17.12% | -10.50% | -13.40% | 3.16% | 11.52% | -7.19% | 11.92% |
Returns By Period
In the year-to-date period, VRIG achieves a 0.90% return, which is significantly higher than FEMB's -2.12% return.
VRIG
- 1D
- 0.06%
- 1M
- 0.07%
- YTD
- 0.90%
- 6M
- 2.12%
- 1Y
- 4.82%
- 3Y*
- 6.25%
- 5Y*
- 4.29%
- 10Y*
- —
FEMB
- 1D
- 1.15%
- 1M
- -6.18%
- YTD
- -2.12%
- 6M
- 0.86%
- 1Y
- 13.41%
- 3Y*
- 7.19%
- 5Y*
- 2.14%
- 10Y*
- 1.94%
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VRIG vs. FEMB - Expense Ratio Comparison
VRIG has a 0.30% expense ratio, which is lower than FEMB's 0.85% expense ratio.
Return for Risk
VRIG vs. FEMB — Risk / Return Rank
VRIG
FEMB
VRIG vs. FEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Investment Grade ETF (VRIG) and First Trust Emerging Markets Local Currency Bond ETF (FEMB). 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.
| VRIG | FEMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.20 | 1.51 | +3.69 |
Sortino ratioReturn per unit of downside risk | 6.80 | 2.07 | +4.73 |
Omega ratioGain probability vs. loss probability | 3.21 | 1.29 | +1.92 |
Calmar ratioReturn relative to maximum drawdown | 6.26 | 1.83 | +4.43 |
Martin ratioReturn relative to average drawdown | 52.80 | 7.66 | +45.15 |
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
| VRIG | FEMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.20 | 1.51 | +3.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | 0.21 | +3.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.07 | +0.83 |
Correlation
The correlation between VRIG and FEMB is 0.05, 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.
Dividends
VRIG vs. FEMB - Dividend Comparison
VRIG's dividend yield for the trailing twelve months is around 4.89%, less than FEMB's 6.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRIG Invesco Variable Rate Investment Grade ETF | 4.89% | 4.99% | 6.09% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% | 0.00% |
FEMB First Trust Emerging Markets Local Currency Bond ETF | 6.00% | 5.67% | 6.09% | 5.15% | 6.35% | 6.12% | 5.29% | 5.40% | 5.86% | 6.38% | 5.83% | 4.89% |
Drawdowns
VRIG vs. FEMB - Drawdown Comparison
The maximum VRIG drawdown since its inception was -13.04%, smaller than the maximum FEMB drawdown of -30.44%. Use the drawdown chart below to compare losses from any high point for VRIG and FEMB.
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Drawdown Indicators
| VRIG | FEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -30.44% | +17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.78% | -7.58% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -2.28% | -27.85% | +25.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.44% | — |
Current DrawdownCurrent decline from peak | -0.02% | -6.52% | +6.50% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -10.03% | +9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.81% | -1.72% |
Volatility
VRIG vs. FEMB - Volatility Comparison
The current volatility for Invesco Variable Rate Investment Grade ETF (VRIG) is 0.18%, while First Trust Emerging Markets Local Currency Bond ETF (FEMB) has a volatility of 3.81%. This indicates that VRIG experiences smaller price fluctuations and is considered to be less risky than FEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRIG | FEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 3.81% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | 5.46% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.93% | 8.94% | -8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.29% | 10.21% | -8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 11.22% | -7.39% |