VRIG vs. MBSD
Compare and contrast key facts about Invesco Variable Rate Investment Grade ETF (VRIG) and FlexShares Disciplined Duration MBS Index Fund (MBSD).
VRIG and MBSD 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 22, 2016. MBSD is a passively managed fund by Northern Trust that tracks the performance of the ICE BofA Constrained Duration US Mortgage Backed Securities. It was launched on Sep 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRIG or MBSD.
Performance
VRIG vs. MBSD - Performance Comparison
Returns By Period
In the year-to-date period, VRIG achieves a 6.03% return, which is significantly higher than MBSD's 2.21% return.
VRIG
6.03%
0.52%
2.93%
7.15%
3.51%
N/A
MBSD
2.21%
-1.18%
2.45%
5.72%
0.11%
0.90%
Key characteristics
| VRIG | MBSD | |
|---|---|---|
| Sharpe Ratio | 8.96 | 0.96 |
| Sortino Ratio | 19.37 | 1.43 |
| Omega Ratio | 4.45 | 1.17 |
| Calmar Ratio | 36.46 | 0.55 |
| Martin Ratio | 242.72 | 3.95 |
| Ulcer Index | 0.03% | 1.42% |
| Daily Std Dev | 0.81% | 5.85% |
| Max Drawdown | -13.04% | -14.36% |
| Current Drawdown | 0.00% | -4.96% |
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VRIG vs. MBSD - Expense Ratio Comparison
VRIG has a 0.30% expense ratio, which is higher than MBSD's 0.20% expense ratio.
Correlation
The correlation between VRIG and MBSD is 0.02, 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.
Risk-Adjusted Performance
VRIG vs. MBSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Investment Grade ETF (VRIG) and FlexShares Disciplined Duration MBS Index Fund (MBSD). 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
VRIG vs. MBSD - Dividend Comparison
VRIG's dividend yield for the trailing twelve months is around 6.18%, more than MBSD's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VRIG Invesco Variable Rate Investment Grade ETF | 6.18% | 5.96% | 2.39% | 0.77% | 1.56% | 3.13% | 2.89% | 2.31% | 0.60% | 0.00% | 0.00% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 3.70% | 3.39% | 3.04% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 2.78% | 2.49% | 0.83% |
Drawdowns
VRIG vs. MBSD - Drawdown Comparison
The maximum VRIG drawdown since its inception was -13.04%, smaller than the maximum MBSD drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for VRIG and MBSD. For additional features, visit the drawdowns tool.
Volatility
VRIG vs. MBSD - Volatility Comparison
The current volatility for Invesco Variable Rate Investment Grade ETF (VRIG) is 0.21%, while FlexShares Disciplined Duration MBS Index Fund (MBSD) has a volatility of 1.37%. This indicates that VRIG experiences smaller price fluctuations and is considered to be less risky than MBSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.