FPFDvsVRPETF Comparison
VS
ETF 2
VRP
Invesco Variable Rate Preferred ETF
Fidelity Preferred Securities & Income ETF (FPFD) belongs to the Multi-Asset: Other segment. Invesco Variable Rate Preferred ETF (VRP) is part of the segment. Both ETFs have the same top 3 sector exposures: Finance, Utilities and Energy. FPFD is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.5% for VRP. FPFD is up 0.47% year-to-date (YTD) with +$6M in YTD flows. VRP performs worse with -0.4% YTD performance, and +$696M in YTD flows. Run a side-by-side ETF comparison of FPFD and VRP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FPFD vs VRP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPFD VRP | -0.48%-0.22% | -0.75%-0.45% | +0.47%-0.40% | +2.36%+1.80% | +22.84%+24.68% | +6.54%+16.25% |
| Flows | FPFD VRP | -$1M+$12M | -$2M+$104M | +$6M+$696M | +$18M+$878M | +$47M+$1.43B | +$80M+$1.30B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPFD VRP | +2.44%+1.78% | +2.66%+2.12% | +3.53%+2.37% | +5.21%+3.98% |
| Max drawdown | FPFD VRP | -1.04%-0.97% | -2.64%-2.97% | -4.91%-2.97% | -20.48%-14.25% |
| Max drawdown duration | FPFD VRP | 58d58d | 189d192d | 257d192d | 1080d882d |
Trading data
FPFD | VRP | |
Last sale 9/3/2026 at 1:30 PM | $21.11 | $24.13 |
| Previous close 09/02/2026 | $21.10 | $24.12 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 4, 2026
1-year trailing difference
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FPFD
is actively managed and doesn’t replicate an indexFPFD | VRP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
FPFD | VRP | |
|---|---|---|
| Last price | $21.11 | $24.13 |
| 1D performance | +0.05% | +0.04% |
| AuM | $79.15 M | $3.02 B |
| E/R | 0.59% | 0.5% |
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Exposure
Countries
FPFD
USA
81.06%
Other
18.94%
VRP
USA
82.9%
Canada
10.31%
Other
6.78%
Sectors
FPFD
Finance
52.15%
Utilities
15.92%
Energy
13.37%
Other
18.56%
VRP
Finance
53.9%
Utilities
23.26%
Energy
11.61%
Other
11.23%
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Diversification
FPFD
Total weight of top 15 holdings out of 15
26.25%
VRP
Total weight of top 15 holdings out of 15
13.48%
Top 15 holdings
Data as of July 31, 2026
FPFD
Fidelity Cash Central Fund
5.67%
Energy Transfer, 6.625% perp., USD (B)
4.48%
Enbridge, 8.5% 15jan2084, USD (2023-B)
2.20%
Energy Transfer, 6.55% 15jan2057, USD (2026A)
1.49%
Goldman Sachs, 4.125% perp., USD (V)
1.36%
Southern Co., 4.2% 15oct2060, USD (2020C)
1.35%
Morgan Stanley
1.24%
JP Morgan, 4% perp., USD (II)
1.24%
BNP Paribas, 6.875% perp., USD
1.17%
PNC Financial Services Group, 3.4% perp., USD (T)
1.16%
Citigroup, 6.75% perp., USD (EE)
1.00%
U.S. Bancorp, 3.7% perp., USD (N)
1.00%
AT&T, Inc.
0.97%
Strategy, Inc.
0.96%
Sunoco LP, 7.875% perp., USD (A)
0.96%
VRP
Bank of America Corporation, 6.625% perp., USD (OO)
1.11%
US48128BAR24
1.08%
JP Morgan, 6.5% perp., USD (OO)
1.07%
Citigroup, 6.875% perp., USD (GG)
0.99%
JP Morgan, 6.875% perp., USD (NN)
0.91%
Citigroup, 6.625% perp., USD (HH)
0.91%
Bank of America Corp.
0.89%
BP PLC, 4.875% perp., USD
0.88%
Citigroup, 7.875% 30oct2040, USD
0.87%
CVS Health, 7% 10mar2055, USD (A)
0.85%
Bank of America Corporation, 5.875% perp., USD (FF)
0.81%
Wells Fargo & Co.
0.81%
Goldman Sachs, 7.5% perp., USD (X)
0.80%
Vodafone Group, 7% 4apr2079, USD
0.75%
Wells Fargo, 6.85% perp., USD (FF)
0.74%
Frequently asked questions about FPFD and VRP
How have the FPFD and VRP ETFs performed in 2026?
As of September 2, 2026, FPFD is up 0.47% year-to-date (YTD), while VRP has lost -0.4%. That puts FPFD better performer ahead so far this year.
Which ETF is attracting more investor money: FPFD or VRP?
Year-to-date, the FPFD ETF saw +$6M in flows, compared to +$696M for VRP.
Which ETF is more volatile: FPFD or VRP?
Over the past year, FPFD had a volatility of 2.66%, while VRP experienced 2.12%.
Which ETF is bigger: FPFD or VRP?
As of September 2, 2026, FPFD holds $79.15 M in assets under management (AUM), while VRP manages $3.02 B.
What sectors do the FPFD and VRP ETFs invest in?
FPFD leans toward sectors like Finance, Utilities and Energy. Meanwhile, VRP focuses on Finance, Utilities and Energy.
What are the top holdings of the FPFD ETF and VRP ETF?
FPFD top holdings include Fidelity Cash Central Fund, Energy Transfer, 6.625% perp., USD (B) and Enbridge, 8.5% 15jan2084, USD (2023-B). VRP holds in its top three: Bank of America Corporation, 6.625% perp., USD (OO), US48128BAR24 and JP Morgan, 6.5% perp., USD (OO).
Which ETF is more diversified: FPFD or VRP?
FPFD holds 332 securities with 26.25% of its assets in the top 15. VRP has 351 securities and a top 15 weight of 13.48%.
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