VRP vs. USD=X
VRP (Invesco Variable Rate Preferred ETF) is Preferred Stock/Convertible Bonds fund tracking the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index, while USD=X (USD Cash) is a currency. Over the past 10 years, VRP returned 5.21%/yr vs 0.00%/yr for USD=X.
Performance
VRP vs. USD=X - Performance Comparison
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Returns By Period
VRP
- 1D
- -0.04%
- 1M
- 0.08%
- YTD
- 1.98%
- 6M
- 2.44%
- 1Y
- 6.69%
- 3Y*
- 9.63%
- 5Y*
- 4.33%
- 10Y*
- 5.21%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
VRP vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRP Invesco Variable Rate Preferred ETF | 1.98% | 7.34% | 11.10% | 10.35% | -9.00% | 4.20% | 5.11% | 18.84% | -6.62% | 9.26% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
VRP vs. USD=X — Risk / Return Rank
VRP
USD=X
VRP vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Preferred ETF (VRP) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | — | — |
| Martin ratioReturn relative to average drawdown | 12.52 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VRP | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
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 | — | — |
Drawdowns
VRP vs. USD=X - Drawdown Comparison
The maximum VRP drawdown since its inception was -46.04%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VRP and USD=X.
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Drawdown Indicators
| VRP | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | 0.00% | -46.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | 0.00% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | 0.00% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | 0.00% | -13.76% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | 0.00% | -46.04% |
Current DrawdownCurrent decline from peak | -0.25% | 0.00% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.31% | 0.00% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.00% | +0.54% |
Volatility
VRP vs. USD=X - Volatility Comparison
Invesco Variable Rate Preferred ETF (VRP) has a higher volatility of 0.63% compared to USD Cash (USD=X) at 0.00%. This indicates that VRP's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRP | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.00% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 0.00% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 0.00% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 0.00% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 0.00% | +14.53% |
Frequently Asked Questions
VRP has higher volatility (0.63%) compared to USD=X (0.00%). In terms of maximum drawdown, VRP dropped -46.04% vs USD=X's 0.00%.
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