VVR vs. VRP
VVR (Invesco Senior Income Trust) is a stock, while 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. Over the past 10 years, VVR returned 5.79%/yr vs 4.99%/yr for VRP. At a 0.23 correlation, their price movements are largely independent.
Performance
VVR vs. VRP - Performance Comparison
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Returns By Period
In the year-to-date period, VVR achieves a -1.59% return, which is significantly lower than VRP's 2.53% return. Over the past 10 years, VVR has outperformed VRP with an annualized return of 5.79%, while VRP has yielded a comparatively lower 4.99% annualized return.
VVR
- 1D
- 0.68%
- 1M
- 1.32%
- 6M
- -1.82%
- YTD
- -1.59%
- 1Y
- -9.97%
- 3Y*
- 4.02%
- 5Y*
- 4.79%
- 10Y*
- 5.79%
VRP
- 1D
- -0.08%
- 1M
- 0.21%
- 6M
- 1.86%
- YTD
- 2.53%
- 1Y
- 5.74%
- 3Y*
- 9.36%
- 5Y*
- 4.25%
- 10Y*
- 4.99%
VVR vs. VRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VVR Invesco Senior Income Trust | -1.59% | -6.18% | 8.97% | 20.86% | -1.11% | 17.00% | -0.22% | 16.97% | -5.36% | 0.19% |
VRP Invesco Variable Rate Preferred ETF | 2.53% | 7.34% | 11.10% | 10.35% | -9.00% | 4.20% | 5.11% | 18.84% | -6.62% | 9.26% |
Correlation
The correlation between VVR and VRP is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.23 |
The correlation between VVR and VRP shifts across timeframes, from 0.14 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VVR vs. VRP — Risk / Return Rank
VVR
VRP
VVR vs. VRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Income Trust (VVR) and Invesco Variable Rate Preferred ETF (VRP). 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.
| VVR | VRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.42 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 1.99 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.16 | 10.70 | -11.86 |
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Drawdowns
VVR vs. VRP - Drawdown Comparison
The maximum VVR drawdown since its inception was -73.79%, which is greater than VRP's maximum drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for VVR and VRP.
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Drawdown Indicators
| VVR | VRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.79% | -46.04% | -27.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -2.89% | -9.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -4.26% | -15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -13.76% | -5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -55.92% | -46.04% | -9.88% |
Current DrawdownCurrent decline from peak | -13.74% | -0.25% | -13.49% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -2.29% | -8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.59% | 0.54% | +8.05% |
Volatility
VVR vs. VRP - Volatility Comparison
Invesco Senior Income Trust (VVR) has a higher volatility of 2.38% compared to Invesco Variable Rate Preferred ETF (VRP) at 0.56%. This indicates that VVR's price experiences larger fluctuations and is considered to be riskier than VRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVR | VRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 0.56% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 2.34% | +9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 2.89% | +11.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 6.55% | +9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 14.53% | +9.03% |
Dividends
VVR vs. VRP - Dividend Comparison
VVR's dividend yield for the trailing twelve months is around 14.40%, more than VRP's 6.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRP Invesco Variable Rate Preferred ETF | 6.22% | 6.53% | 5.78% | 6.61% | 5.38% | 4.25% | 4.17% | 4.71% | 5.28% | 4.69% | 5.10% | 5.02% |
VVR Invesco Senior Income Trust | 14.40% | 13.94% | 13.06% | 11.54% | 11.46% | 7.22% | 6.71% | 6.22% | 6.68% | 5.95% | 6.41% | 7.97% |
Frequently Asked Questions
VVR and VRP have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVR has higher volatility (2.38%) compared to VRP (0.56%). In terms of maximum drawdown, VVR dropped -73.79% vs VRP's -46.04%.
VRP currently has the higher Sharpe Ratio (1.99 vs -0.69), 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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