VRP vs. EVPF
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 0.79 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
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Returns By Period
VRP
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- 2.23%
- 6M
- 2.36%
- 1Y
- 6.26%
- 3Y*
- 9.77%
- 5Y*
- 4.31%
- 10Y*
- 5.19%
EVPF
- 1D
- 0.01%
- 1M
- 0.65%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VRP vs. EVPF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VRP Invesco Variable Rate Preferred ETF | 1.13% |
EVPF Eaton Vance Preferred Securities and Income ETF | 1.29% |
Correlation
The correlation between VRP and EVPF is 0.79, 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 5, 2026 | 0.79 |
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Return for Risk
VRP vs. EVPF — Risk / Return Rank
VRP
EVPF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| VRP | EVPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | — | — |
| Martin ratioReturn relative to average drawdown | 11.69 | — | — |
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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.
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Drawdown Indicators
| VRP | EVPF | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.16% | -0.17% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -0.47% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | — | — |
Volatility
VRP vs. EVPF - Volatility Comparison
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Volatility by Period
| VRP | EVPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 4.08% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 4.08% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 4.08% | +10.45% |
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 6.24%, 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 | 6.24% | 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
VRP and EVPF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
EVPF is cheaper with a 0.39% expense ratio, compared with 0.50% for VRP.
VRP has the higher dividend yield at 6.24%, compared with 1.08% for EVPF.
They also come from different issuers: Invesco and Eaton Vance. Their fees differ too: 0.50% for VRP and 0.39% for EVPF.
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