VRIG vs. TRSY

Last updated Aug 2, 2026

VRIG (Invesco Variable Rate Investment Grade ETF) and TRSY (Xtrackers US 0-1 Year Treasury ETF) are both exchange-traded funds - VRIG is a Ultrashort Bond fund actively managed by Invesco, while TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. VRIG is actively managed, while TRSY is passively managed. Over the past year, VRIG returned 4.70% vs 3.78% for TRSY. Their -0.02 correlation means they have often moved in opposite directions in the past. VRIG charges 0.30%/yr vs 0.06%/yr for TRSY.

Performance

VRIG vs. TRSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Variable Rate Investment Grade ETF (VRIG) and Xtrackers US 0-1 Year Treasury ETF (TRSY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRIG achieves a 2.56% return, which is significantly higher than TRSY's 2.03% return.

VRIG

• 1D: 0.06%
• 1M: 0.39%
• 6M: 2.07%
• YTD: 2.56%
• 1Y: 4.70%
• 3Y*: 5.80%
• 5Y*: 4.55%
• 10Y*: —
• ALL TIME*: 3.45%

TRSY

• 1D: 0.00%
• 1M: 0.27%
• 6M: 1.78%
• YTD: 2.03%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TRSY Xtrackers US 0-1 Year Treasury ETF	$2.06M	$1.33M	$1.09M
VRIG Invesco Variable Rate Investment Grade ETF	$11.75M	$12.32M	$13.13M

VRIG vs. TRSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VRIG Invesco Variable Rate Investment Grade ETF	2.56%	5.05%	1.45%
TRSY Xtrackers US 0-1 Year Treasury ETF	2.03%	4.22%	1.49%

Correlation

The correlation between VRIG and TRSY is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.07
Correlation (All Time) Calculated using the full available price history since Oct 9, 2024	-0.02

Return for Risk

VRIG vs. TRSY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

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: 99

TRSY

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VRIG vs. TRSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Investment Grade ETF (VRIG) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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.

	VRIG	TRSY	Difference
Sharpe ratio: Return per unit of total volatility	9.78	9.99	-0.20
Sortino ratio: Return per unit of downside risk	23.25	26.69	-3.44
Omega ratio: Gain probability vs. loss probability	5.09	6.33	-1.24
Calmar ratio: Return relative to maximum drawdown	59.55	59.26	+0.30
Martin ratio: Return relative to average drawdown	296.70	359.44	-62.74

VRIG vs. TRSY - Sharpe Ratio Comparison

The current VRIG Sharpe Ratio is 9.78, which is comparable to the TRSY Sharpe Ratio of 9.99. The chart below compares the historical Sharpe Ratios of VRIG and TRSY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VRIG vs. TRSY - Drawdown Comparison

The maximum VRIG drawdown since its inception was -13.04%, which is greater than TRSY's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for VRIG and TRSY.

Drawdown Indicators

	VRIG	TRSY	Difference
Max Drawdown Largest peak-to-trough decline	-13.04%	-0.82%	-12.22%
Max Drawdown (1Y) Largest decline over 1 year	-0.08%	-0.07%	-0.01%
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	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.26%	-0.06%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.01%	+0.01%

Volatility

VRIG vs. TRSY - Volatility Comparison

Invesco Variable Rate Investment Grade ETF (VRIG) and Xtrackers US 0-1 Year Treasury ETF (TRSY) have volatilities of 0.13% and 0.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRIG	TRSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.13%	0.13%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	0.36%	0.25%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	0.49%	0.40%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	1.07%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.77%	1.07%	+2.70%

VRIG vs. TRSY - Expense Ratio Comparison

VRIG has a 0.30% expense ratio, which is higher than TRSY's 0.06% expense ratio.

Dividends

VRIG vs. TRSY - Dividend Comparison

VRIG's dividend yield for the trailing twelve months is around 4.65%, more than TRSY's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TRSY Xtrackers US 0-1 Year Treasury ETF	3.29%	4.00%	0.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VRIG Invesco Variable Rate Investment Grade ETF	4.65%	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 TRSY in my portfolio?

VRIG and TRSY have a correlation of -0.07, 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 TRSY?

TRSY has higher volatility (0.13%) compared to VRIG (0.13%). In terms of maximum drawdown, VRIG dropped -13.04% vs TRSY's -0.82%.

Which ETF is better, VRIG or TRSY?

On 1-year performance, VRIG leads with 4.70% vs 3.78% for TRSY. On fees, TRSY is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VRIG or TRSY?

Over the 1-year period, VRIG has performed better with a 4.70% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRIG or TRSY?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.30% for VRIG.

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

VRIG has the higher dividend yield at 4.65%, compared with 3.29% for TRSY.

What is the main difference between VRIG and TRSY?

VRIG is categorized as Ultrashort Bond, while TRSY is Government Bonds. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.30% for VRIG and 0.06% for TRSY.

Which has better risk-adjusted returns?

TRSY currently has the higher Sharpe Ratio (9.98 vs 9.78), 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.