VRP vs. JBBB
Compare and contrast key facts about Invesco Variable Rate Preferred ETF (VRP) and Janus Henderson B-BBB CLO ETF (JBBB).
VRP and JBBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VRP is a passively managed fund by Invesco that tracks the performance of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. It was launched on May 1, 2014. JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRP or JBBB.
Correlation
The correlation between VRP and JBBB is 0.11, 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
VRP vs. JBBB - Performance Comparison
Key characteristics
VRP:
1.35
JBBB:
1.34
VRP:
1.89
JBBB:
1.78
VRP:
1.27
JBBB:
1.39
VRP:
1.76
JBBB:
1.40
VRP:
9.21
JBBB:
6.62
VRP:
0.81%
JBBB:
0.92%
VRP:
5.54%
JBBB:
4.57%
VRP:
-46.04%
JBBB:
-10.79%
VRP:
-1.34%
JBBB:
-1.57%
Returns By Period
In the year-to-date period, VRP achieves a 0.68% return, which is significantly higher than JBBB's -0.30% return.
VRP
0.68%
-1.03%
0.97%
6.88%
6.32%
4.84%
JBBB
-0.30%
-0.64%
1.07%
6.07%
N/A
N/A
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VRP vs. JBBB - Expense Ratio Comparison
VRP has a 0.50% expense ratio, which is higher than JBBB's 0.49% expense ratio.
Risk-Adjusted Performance
VRP vs. JBBB — Risk-Adjusted Performance Rank
VRP
JBBB
VRP vs. JBBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Preferred ETF (VRP) and Janus Henderson B-BBB CLO ETF (JBBB). 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
VRP vs. JBBB - Dividend Comparison
VRP's dividend yield for the trailing twelve months is around 5.89%, less than JBBB's 8.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRP Invesco Variable Rate Preferred ETF | 5.89% | 5.78% | 6.61% | 5.38% | 4.25% | 4.17% | 5.15% | 5.28% | 4.69% | 5.10% | 5.02% | 3.04% |
JBBB Janus Henderson B-BBB CLO ETF | 8.06% | 7.65% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VRP vs. JBBB - Drawdown Comparison
The maximum VRP drawdown since its inception was -46.04%, which is greater than JBBB's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for VRP and JBBB. For additional features, visit the drawdowns tool.
Volatility
VRP vs. JBBB - Volatility Comparison
The current volatility for Invesco Variable Rate Preferred ETF (VRP) is 3.22%, while Janus Henderson B-BBB CLO ETF (JBBB) has a volatility of 3.88%. This indicates that VRP experiences smaller price fluctuations and is considered to be less risky than JBBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.