FREIvsVRPETF Comparison
VS
ETF 2
VRP
Invesco Variable Rate Preferred ETF
Fidelity Real Estate Income ETF (FREI) belongs to the Multi-Asset: Other segment. Invesco Variable Rate Preferred ETF (VRP) is part of the segment. FREI's top 3 sector exposures are Finance, Industrials and Technology. In contrast, VRP's top sector exposures are Finance, Utilities and Energy. FREI is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.5% for VRP. Run a side-by-side ETF comparison of FREI 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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FREI vs VRP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FREI VRP | -1.47%-0.22% | -0.76%-0.78% | n/a-0.65% | n/a+0.19% | n/a+24.20% | n/a+15.65% |
| Flows | FREI VRP | +$22M+$53M | +$46M+$106M | -+$744M | -+$869M | -+$1.50B | -+$1.31B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FREI VRP | +4.01%+1.90% | n/a+2.14% | n/a+2.37% | n/a+3.99% |
| Max drawdown | FREI VRP | -2.28%-1.51% | n/a-2.97% | n/a-2.97% | n/a-14.25% |
| Max drawdown duration | FREI VRP | 27d78d | n/a212d | n/a212d | n/a882d |
Trading data
FREI | VRP | |
Last sale 9/22/2026 at 1:30 PM | $24.49 | $24.02 |
| Previous close 09/21/2026 | $24.52 | $24.02 |
| Consolidated volume 09/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 23, 2026
1-year trailing difference
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FREI
is actively managed and doesn’t replicate an indexFREI | 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 9/22/2026 at 1:30 PM
Live
Closed
FREI | VRP | |
|---|---|---|
| Last price | $24.49 | $24.02 |
| 1D performance | -0.12% | +0.00% |
| AuM | $47.66 M | $3.04 B |
| E/R | 0.59% | 0.5% |
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Exposure
Countries
FREI
USA
71.67%
Other
28.33%
VRP
USA
82.95%
Canada
10.31%
Other
6.74%
Sectors
FREI
Finance
63.42%
Other
36.58%
VRP
Finance
53.94%
Utilities
23.26%
Energy
11.61%
Other
11.18%
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Diversification
FREI
Total weight of top 15 holdings out of 15
21.69%
VRP
Total weight of top 15 holdings out of 15
13.48%
Top 15 holdings
Data as of July 31, 2026
FREI
US31635A1051
7.34%
American Tower Corp.
1.82%
Welltower, Inc.
1.63%
Prologis, Inc.
1.52%
Equinix, Inc.
1.51%
Invitation Homes, Inc.
1.29%
Equity LifeStyle Properties, Inc.
1.22%
UDR, Inc.
0.86%
Ventas, Inc.
0.81%
VICI Properties, Inc.
0.76%
Digital Realty Trust, Inc.
0.63%
Simon Property Group L.P., 5.85% 8mar2053, USD
0.61%
Equity Residential
0.58%
Crown Castle, 5.8% 1mar2034, USD
0.56%
Sun Communities, Inc.
0.55%
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 FREI and VRP
Which ETF is bigger: FREI or VRP?
As of September 21, 2026, FREI holds $47.66 M in assets under management (AUM), while VRP manages $3.04 B.
What sectors do the FREI and VRP ETFs invest in?
FREI leans toward sectors like Finance. Meanwhile, VRP focuses on Finance, Utilities and Energy.
What are the top holdings of the FREI ETF and VRP ETF?
FREI top holdings include US31635A1051, American Tower Corp. and Welltower, Inc.. 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: FREI or VRP?
FREI holds 569 securities with 21.69% of its assets in the top 15. VRP has 351 securities and a top 15 weight of 13.48%.
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