VRIG vs. LDSF

Last updated Jun 4, 2026

VRIG (Invesco Variable Rate Investment Grade ETF) and LDSF (First Trust Low Duration Strategic Focus ETF) are both exchange-traded funds - VRIG is a Ultrashort Bond fund actively managed by Invesco, while LDSF is a Short-Term Bond fund actively managed by First Trust. Both are actively managed. Over the past 5 years, VRIG returned 4.42%/yr vs 2.38%/yr for LDSF. At a 0.06 correlation, their price movements are largely independent. VRIG charges 0.30%/yr vs 0.87%/yr for LDSF.

Performance

VRIG vs. LDSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Variable Rate Investment Grade ETF (VRIG) and First Trust Low Duration Strategic Focus ETF (LDSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRIG achieves a 1.81% return, which is significantly higher than LDSF's 0.74% return.

VRIG

• 1D: 0.02%
• 1M: 0.39%
• YTD: 1.81%
• 6M: 2.20%
• 1Y: 4.99%
• 3Y*: 5.98%
• 5Y*: 4.42%
• 10Y*: —

LDSF

• 1D: -0.05%
• 1M: 0.26%
• YTD: 0.74%
• 6M: 1.04%
• 1Y: 5.06%
• 3Y*: 5.29%
• 5Y*: 2.38%
• 10Y*: —

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

VRIG vs. LDSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VRIG Invesco Variable Rate Investment Grade ETF	1.81%	5.05%	6.81%	7.37%	0.99%	1.06%	1.76%	4.46%
LDSF First Trust Low Duration Strategic Focus ETF	0.74%	6.82%	4.20%	6.53%	-5.47%	-0.28%	2.48%	4.52%

Correlation

The correlation between VRIG and LDSF is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jan 8, 2019	0.06

VRIG vs. LDSF - Sectors Allocation Comparison

Sectors	VRIG	LDSF
Financial Services	23.3%	-
Consumer Cyclical	3.0%	-
Basic Materials	0.8%	-
Consumer Defensive	0.7%	-
Technology	0.4%	-
Real Estate	0.3%	-
Utilities	0.1%	-
Industrials	0.0%	-
Communication Services	-	-
Energy	-	-
Healthcare	-	100.0%

Return for Risk

VRIG vs. LDSF — Risk / Return Rank

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

VRIG

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

LDSF

LDSF Risk / Return Rank: 74
LDSF Sharpe Ratio Rank: 75
LDSF Sortino Ratio Rank: 84
LDSF Omega Ratio Rank: 84
LDSF Calmar Ratio Rank: 58
LDSF Martin Ratio Rank: 68

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.

VRIG vs. LDSF - 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 Low Duration Strategic Focus ETF (LDSF). 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	LDSF	Difference
Sharpe ratio: Return per unit of total volatility	10.15	2.47	+7.68
Sortino ratio: Return per unit of downside risk	24.59	3.80	+20.79
Omega ratio: Gain probability vs. loss probability	5.38	1.51	+3.87
Calmar ratio: Return relative to maximum drawdown	62.75	2.92	+59.83
Martin ratio: Return relative to average drawdown	320.64	12.40	+308.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VRIG vs. LDSF - Sharpe Ratio Comparison

The current VRIG Sharpe Ratio is 10.15, which is higher than the LDSF Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of VRIG and LDSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VRIG	LDSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.15	2.47	+7.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.45	0.77	+2.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.81	+0.10

Drawdowns

VRIG vs. LDSF - Drawdown Comparison

The maximum VRIG drawdown since its inception was -13.04%, which is greater than LDSF's maximum drawdown of -8.56%. Use the drawdown chart below to compare losses from any high point for VRIG and LDSF.

Drawdown Indicators

	VRIG	LDSF	Difference
Max Drawdown Largest peak-to-trough decline	-13.04%	-8.56%	-4.48%
Max Drawdown (1Y) Largest decline over 1 year	-0.08%	-1.74%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-0.78%	-1.74%	+0.96%
Max Drawdown (5Y) Largest decline over 5 years	-2.28%	-7.83%	+5.55%
Current Drawdown Current decline from peak	-0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.27%	-1.46%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.41%	-0.39%

Volatility

VRIG vs. LDSF - Volatility Comparison

The current volatility for Invesco Variable Rate Investment Grade ETF (VRIG) is 0.11%, while First Trust Low Duration Strategic Focus ETF (LDSF) has a volatility of 0.73%. This indicates that VRIG experiences smaller price fluctuations and is considered to be less risky than LDSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRIG	LDSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.11%	0.73%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	0.36%	1.65%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	0.49%	2.06%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	3.08%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	3.18%	+0.62%

VRIG vs. LDSF - Expense Ratio Comparison

VRIG has a 0.30% expense ratio, which is lower than LDSF's 0.87% expense ratio.

Dividends

VRIG vs. LDSF - Dividend Comparison

VRIG's dividend yield for the trailing twelve months is around 4.79%, more than LDSF's 4.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LDSF First Trust Low Duration Strategic Focus ETF	4.63%	4.52%	4.53%	4.08%	2.61%	1.97%	2.65%	3.06%	0.00%	0.00%	0.00%
VRIG Invesco Variable Rate Investment Grade ETF	4.79%	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 VRIG and LDSF in my portfolio?

VRIG and LDSF have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRIG or LDSF?

LDSF has higher volatility (0.73%) compared to VRIG (0.11%). In terms of maximum drawdown, VRIG dropped -13.04% vs LDSF's -8.56%.

Which ETF is better, VRIG or LDSF?

On 5-year performance, VRIG leads with 4.42% vs 2.38% for LDSF. On fees, VRIG is cheaper at 0.30% per year. On volatility, VRIG has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VRIG or LDSF?

Over the 5-year period, VRIG has performed better with a 4.42% return vs 2.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRIG or LDSF?

VRIG is cheaper with a 0.30% expense ratio, compared with 0.87% for LDSF.

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

VRIG has the higher dividend yield at 4.79%, compared with 4.63% for LDSF.

What is the main difference between VRIG and LDSF?

VRIG is categorized as Ultrashort Bond, while LDSF is Short-Term Bond. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.30% for VRIG and 0.87% for LDSF.

Which has better risk-adjusted returns?

VRIG currently has the higher Sharpe Ratio (10.15 vs 2.47), 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.