VRIG vs. USFR
Compare and contrast key facts about Invesco Variable Rate Investment Grade ETF (VRIG) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
VRIG and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRIG or USFR.
Key characteristics
| VRIG | USFR | |
|---|---|---|
| YTD Return | 5.76% | 4.58% |
| 1Y Return | 7.21% | 5.26% |
| 3Y Return (Ann) | 4.67% | 3.90% |
| 5Y Return (Ann) | 3.45% | 2.48% |
| Sharpe Ratio | 8.86 | 14.60 |
| Sortino Ratio | 19.01 | 52.51 |
| Omega Ratio | 4.33 | 12.53 |
| Calmar Ratio | 36.03 | 88.23 |
| Martin Ratio | 239.44 | 718.25 |
| Ulcer Index | 0.03% | 0.01% |
| Daily Std Dev | 0.81% | 0.36% |
| Max Drawdown | -13.04% | -1.36% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between VRIG and USFR is 0.07, 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.
Performance
VRIG vs. USFR - Performance Comparison
In the year-to-date period, VRIG achieves a 5.76% return, which is significantly higher than USFR's 4.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VRIG vs. USFR - Expense Ratio Comparison
VRIG has a 0.30% expense ratio, which is higher than USFR's 0.15% expense ratio.
Risk-Adjusted Performance
VRIG vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Investment Grade ETF (VRIG) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
VRIG's dividend yield for the trailing twelve months is around 6.19%, more than USFR's 5.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
VRIG Invesco Variable Rate Investment Grade ETF | 6.19% | 5.96% | 2.39% | 0.77% | 1.56% | 3.13% | 2.89% | 2.31% | 0.60% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.31% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% |
Drawdowns
VRIG vs. USFR - Drawdown Comparison
The maximum VRIG drawdown since its inception was -13.04%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for VRIG and USFR. For additional features, visit the drawdowns tool.
Volatility
VRIG vs. USFR - Volatility Comparison
Invesco Variable Rate Investment Grade ETF (VRIG) has a higher volatility of 0.22% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that VRIG's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.