YEAR vs. VRIG

Last updated Jun 23, 2026

YEAR (AB Ultra Short Income ETF) and VRIG (Invesco Variable Rate Investment Grade ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 3 years, YEAR returned 4.94%/yr vs 5.92%/yr for VRIG. At a 0.04 correlation, their price movements are largely independent. YEAR charges 0.25%/yr vs 0.30%/yr for VRIG.

Performance

YEAR vs. VRIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Ultra Short Income ETF (YEAR) and Invesco Variable Rate Investment Grade ETF (VRIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YEAR achieves a 1.22% return, which is significantly lower than VRIG's 2.06% return.

YEAR

• 1D: -0.05%
• 1M: 0.19%
• YTD: 1.22%
• 6M: 1.34%
• 1Y: 3.66%
• 3Y*: 4.94%
• 5Y*: —
• 10Y*: —

VRIG

• 1D: 0.05%
• 1M: 0.39%
• YTD: 2.06%
• 6M: 2.22%
• 1Y: 4.92%
• 3Y*: 5.92%
• 5Y*: 4.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YEAR vs. VRIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
YEAR AB Ultra Short Income ETF	1.22%	4.69%	5.41%	5.85%	1.07%
VRIG Invesco Variable Rate Investment Grade ETF	2.06%	5.05%	6.81%	7.37%	0.97%

Correlation

The correlation between YEAR and VRIG is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022	0.04

Return for Risk

YEAR vs. VRIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YEAR

YEAR Risk / Return Rank: 98
YEAR Sharpe Ratio Rank: 97
YEAR Sortino Ratio Rank: 98
YEAR Omega Ratio Rank: 98
YEAR Calmar Ratio Rank: 98
YEAR Martin Ratio Rank: 98

VRIG

VRIG Risk / Return Rank: 99
VRIG Sharpe Ratio Rank: 99
VRIG Sortino Ratio Rank: 99
VRIG Omega Ratio Rank: 99
VRIG Calmar Ratio Rank: 99
VRIG Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YEAR vs. VRIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Ultra Short Income ETF (YEAR) and Invesco Variable Rate Investment Grade ETF (VRIG). 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.

	YEAR	VRIG	Difference
Sharpe ratio: Return per unit of total volatility	4.66	10.11	-5.45
Sortino ratio: Return per unit of downside risk	8.42	24.23	-15.81
Omega ratio: Gain probability vs. loss probability	2.10	5.32	-3.22
Calmar ratio: Return relative to maximum drawdown	16.17	61.80	-45.63
Martin ratio: Return relative to average drawdown	69.73	315.78	-246.05

YEAR vs. VRIG - Sharpe Ratio Comparison

The current YEAR Sharpe Ratio is 4.66, which is lower than the VRIG Sharpe Ratio of 10.11. The chart below compares the historical Sharpe Ratios of YEAR and VRIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YEAR vs. VRIG - Drawdown Comparison

The maximum YEAR drawdown since its inception was -0.64%, smaller than the maximum VRIG drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for YEAR and VRIG.

Drawdown Indicators

	YEAR	VRIG	Difference
Max Drawdown Largest peak-to-trough decline	-0.64%	-13.04%	+12.40%
Max Drawdown (1Y) Largest decline over 1 year	-0.23%	-0.08%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-0.43%	-0.78%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-2.28%	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.27%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.02%	+0.03%

Volatility

YEAR vs. VRIG - Volatility Comparison

AB Ultra Short Income ETF (YEAR) has a higher volatility of 0.28% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.11%. This indicates that YEAR's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YEAR	VRIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	0.11%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	0.54%	0.36%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	0.79%	0.49%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.15%	1.29%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.15%	3.79%	-2.64%

YEAR vs. VRIG - Expense Ratio Comparison

YEAR has a 0.25% expense ratio, which is lower than VRIG's 0.30% expense ratio.

Dividends

YEAR vs. VRIG - Dividend Comparison

YEAR's dividend yield for the trailing twelve months is around 4.14%, less than VRIG's 5.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VRIG Invesco Variable Rate Investment Grade ETF	5.17%	4.99%	6.09%	5.97%	2.39%	0.78%	1.57%	3.12%	2.89%	2.31%	0.60%
YEAR AB Ultra Short Income ETF	4.14%	4.33%	5.16%	5.00%	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YEAR and VRIG in my portfolio?

YEAR and VRIG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YEAR or VRIG?

YEAR has higher volatility (0.28%) compared to VRIG (0.11%). In terms of maximum drawdown, YEAR dropped -0.64% vs VRIG's -13.04%.

Which ETF is better, YEAR or VRIG?

On 3-year performance, VRIG leads with 5.92% vs 4.94% for YEAR. On fees, YEAR is cheaper at 0.25% per year. On volatility, VRIG has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YEAR or VRIG?

Over the 3-year period, VRIG has performed better with a 5.92% return vs 4.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YEAR or VRIG?

YEAR is cheaper with a 0.25% expense ratio, compared with 0.30% for VRIG.

Which ETF pays a higher dividend yield, YEAR or VRIG?

VRIG has the higher dividend yield at 5.17%, compared with 4.14% for YEAR.

What is the main difference between YEAR and VRIG?

They also come from different issuers: AllianceBernstein and Invesco. Their fees differ too: 0.25% for YEAR and 0.30% for VRIG.

Which has better risk-adjusted returns?

VRIG currently has the higher Sharpe Ratio (10.11 vs 4.66), 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.