VRP vs. SCFZX
VRP (Invesco Variable Rate Preferred ETF) and SCFZX (PGIM Securitized Credit Fund) are both funds - VRP is a Preferred Stock fund tracking the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index, while SCFZX is a Nontraditional Bonds fund managed by PGIM. Over the past 5 years, VRP returned 4.06%/yr vs 5.23%/yr for SCFZX. Their 0.11 correlation means their historical movements had little consistent relationship. VRP charges 0.50%/yr vs 0.65%/yr for SCFZX.
Performance
VRP vs. SCFZX - Performance Comparison
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Returns By Period
In the year-to-date period, VRP achieves a 1.98% return, which is significantly lower than SCFZX's 2.71% return.
VRP
- 1D
- 0.17%
- 1M
- -0.74%
- 6M
- 1.09%
- YTD
- 1.98%
- 1Y
- 5.08%
- 3Y*
- 8.37%
- 5Y*
- 4.06%
- 10Y*
- 4.86%
- ALL TIME*
- 5.00%
SCFZX
- 1D
- 0.10%
- 1M
- 0.00%
- 6M
- 2.07%
- YTD
- 2.71%
- 1Y
- 5.38%
- 3Y*
- 7.05%
- 5Y*
- 5.23%
- 10Y*
- —
- ALL TIME*
- 4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $11.39M | $12.80M | $16.85M |
VRP vs. SCFZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VRP Invesco Variable Rate Preferred ETF | 1.98% | 7.34% | 11.10% | 10.35% | -9.00% | 4.20% | 5.11% | 6.23% |
SCFZX PGIM Securitized Credit Fund | 2.71% | 5.75% | 9.41% | 8.67% | -0.84% | 5.27% | -0.33% | 1.73% |
Correlation
The correlation between VRP and SCFZX is 0.01, 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. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019 | 0.11 |
The correlation between VRP and SCFZX shifts across timeframes, from 0.01 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VRP vs. SCFZX — Risk / Return Rank
VRP
SCFZX
VRP vs. SCFZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Preferred ETF (VRP) and PGIM Securitized Credit Fund (SCFZX). 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 | SCFZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -16.20 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 7.19 | -5.84 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 19.16 | -17.45 |
| Martin ratioReturn relative to average drawdown | 8.89 | 67.68 | -58.79 |
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Drawdowns
VRP vs. SCFZX - Drawdown Comparison
The maximum VRP drawdown since its inception was -46.04%, which is greater than SCFZX's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for VRP and SCFZX.
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Drawdown Indicators
| VRP | SCFZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -17.20% | -28.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -0.31% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -0.93% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -4.13% | -9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | 0.00% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -1.04% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.09% | +0.46% |
Volatility
VRP vs. SCFZX - Volatility Comparison
Invesco Variable Rate Preferred ETF (VRP) has a higher volatility of 0.69% compared to PGIM Securitized Credit Fund (SCFZX) at 0.15%. This indicates that VRP's price experiences larger fluctuations and is considered to be riskier than SCFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRP | SCFZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.15% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 1.02% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 1.47% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 1.91% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 3.31% | +11.22% |
VRP vs. SCFZX - Expense Ratio Comparison
VRP has a 0.50% expense ratio, which is lower than SCFZX's 0.65% expense ratio.
Dividends
VRP vs. SCFZX - Dividend Comparison
VRP's dividend yield for the trailing twelve months is around 6.19%, more than SCFZX's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCFZX PGIM Securitized Credit Fund | 4.61% | 5.25% | 6.55% | 5.58% | 4.97% | 2.56% | 3.08% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% |
VRP Invesco Variable Rate Preferred ETF | 6.19% | 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 SCFZX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRP has higher volatility (0.69%) compared to SCFZX (0.15%). In terms of maximum drawdown, VRP dropped -46.04% vs SCFZX's -17.20%.
SCFZX currently has the higher Sharpe Ratio (4.00 vs 1.68), 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.
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