VRP vs. EVPF

Last updated Jun 4, 2026

VRP (Invesco Variable Rate Preferred ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock/Convertible Bonds funds. VRP is passively managed, while EVPF is actively managed. A 0.80 correlation means they provide meaningful diversification when combined. VRP charges 0.50%/yr vs 0.39%/yr for EVPF.

Performance

VRP vs. EVPF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Variable Rate Preferred ETF (VRP) and Eaton Vance Preferred Securities and Income ETF (EVPF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VRP

• 1D: -0.12%
• 1M: 0.66%
• YTD: 2.11%
• 6M: 2.32%
• 1Y: 6.96%
• 3Y*: 9.76%
• 5Y*: 4.38%
• 10Y*: 5.23%

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VRP vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
VRP Invesco Variable Rate Preferred ETF	0.97%
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%

Correlation

The correlation between VRP and EVPF is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.80

Return for Risk

VRP vs. EVPF — Risk / Return Rank

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

VRP

VRP Risk / Return Rank: 71
VRP Sharpe Ratio Rank: 73
VRP Sortino Ratio Rank: 77
VRP Omega Ratio Rank: 85
VRP Calmar Ratio Rank: 48
VRP Martin Ratio Rank: 70

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.

VRP vs. EVPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Preferred ETF (VRP) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.

	VRP	EVPF	Difference
Sharpe ratio Return per unit of total volatility	2.42	—	—
Sortino ratio Return per unit of downside risk	3.51	—	—
Omega ratio Gain probability vs. loss probability	1.53	—	—
Calmar ratio Return relative to maximum drawdown	2.42	—	—
Martin ratio Return relative to average drawdown	13.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VRP	EVPF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.13	-0.74

Drawdowns

VRP vs. EVPF - Drawdown Comparison

The maximum VRP drawdown since its inception was -46.04%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for VRP and EVPF.

Drawdown Indicators

	VRP	EVPF	Difference
Max Drawdown Largest peak-to-trough decline	-46.04%	-2.36%	-43.68%
Max Drawdown (1Y) Largest decline over 1 year	-2.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.04%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.17%	+0.05%
Average Drawdown Average peak-to-trough decline	-2.31%	-0.52%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	—	—

Volatility

Volatility by Period

	VRP	EVPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.88%	4.31%	-1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.55%	4.31%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	4.31%	+10.22%

VRP vs. EVPF - Expense Ratio Comparison

VRP has a 0.50% expense ratio, which is higher than EVPF's 0.39% expense ratio.

Dividends

VRP vs. EVPF - Dividend Comparison

VRP's dividend yield for the trailing twelve months is around 6.30%, more than EVPF's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VRP Invesco Variable Rate Preferred ETF	6.30%	6.53%	5.78%	6.61%	5.38%	4.25%	4.17%	4.71%	5.28%	4.69%	5.10%	5.02%

Frequently Asked Questions

Can I hold both VRP and EVPF in my portfolio?

VRP and EVPF have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VRP or EVPF?

On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VRP or EVPF?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.50% for VRP.

Which ETF pays a higher dividend yield, VRP or EVPF?

VRP has the higher dividend yield at 6.30%, compared with 1.08% for EVPF.

What is the main difference between VRP and EVPF?

They also come from different issuers: Invesco and Eaton Vance. Their fees differ too: 0.50% for VRP and 0.39% for EVPF.