PQDIvsVRPETF Comparison
VS
ETF 2
VRP
Invesco Variable Rate Preferred ETF
Principal Spectrum Preferred and Income ETF (PQDI) belongs to the Multi-Asset: Other segment. Invesco Variable Rate Preferred ETF (VRP) is part of the segment. PQDI's top 3 sector exposures are Finance, Telecommunications and Non-Corporate. In contrast, VRP's top sector exposures are Finance, Utilities and Energy. PQDI is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.5% for VRP. PQDI is up 1.47% year-to-date (YTD) with +$46M in YTD flows. VRP performs worse with -0.28% YTD performance, and +$696M in YTD flows. Run a side-by-side ETF comparison of PQDI 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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PQDI vs VRP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PQDI VRP | -0.01%-0.26% | +0.37%-0.26% | +1.47%-0.28% | +4.68%+1.70% | +28.04%+24.83% | +16.16%+16.48% |
| Flows | PQDI VRP | +$41M+$12M | +$43M+$104M | +$46M+$696M | +$53M+$878M | +$88M+$1.43B | +$89M+$1.30B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PQDI VRP | +2.11%+1.78% | +2.64%+2.11% | +2.69%+2.37% | +4.99%+3.98% |
| Max drawdown | PQDI VRP | -1.04%-0.97% | -3.08%-2.97% | -3.08%-2.97% | -15.66%-14.25% |
| Max drawdown duration | PQDI VRP | 59d60d | 121d194d | 121d194d | 1006d882d |
Trading data
PQDI | VRP | |
Last sale 9/4/2026 at 1:30 PM | $19.15 | $24.17 |
| Previous close 09/03/2026 | $19.14 | $24.13 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 5, 2026
1-year trailing difference
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PQDI
is actively managed and doesn’t replicate an indexPQDI | 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 9/4/2026 at 1:30 PM
Live
Closed
PQDI | VRP | |
|---|---|---|
| Last price | $19.15 | $24.17 |
| 1D performance | +0.07% | +0.17% |
| AuM | $110.71 M | $3.02 B |
| E/R | 0.6% | 0.5% |
Characteristics
PQDI | VRP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Principal Global Investors | Invesco |
| Benchmark | - | ICE Variable Rate Preferred & Hybrid Securities Index |
| N° of holdings | 88 | 314 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 16, 2020 | May 1, 2014 |
| ESG | No | No |
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Exposure
Countries
PQDI
USA
44.01%
Canada
15.75%
United Kingdom
11.36%
France
7.07%
Other
21.81%
VRP
USA
82.95%
Canada
10.31%
Other
6.74%
Sectors
PQDI
Finance
94.51%
Other
5.49%
VRP
Finance
53.94%
Utilities
23.26%
Energy
11.61%
Other
11.18%
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Diversification
PQDI
Total weight of top 15 holdings out of 15
36.62%
VRP
Total weight of top 15 holdings out of 15
13.48%
Top 15 holdings
Data as of July 31, 2026
PQDI
ING Groep, 7% perp., USD
3.44%
State Street, 6.7% perp., USD (I)
3.36%
Citigroup Global Markets Holdings, 7% perp., USD (DD)
3.35%
Nordea Bank Abp, 6.75% perp., USD
2.70%
Bank of Montreal, 7.3% 26nov2084, USD (5)
2.36%
Bank of America Corporation, 6.625% perp., USD (OO)
2.33%
Credit Agricole SA, 7.125% perp., USD
2.31%
PNC Financial Services Group, 6.25% perp., USD (W)
2.29%
Goldman Sachs, 6.125% perp., USD (Y)
2.27%
Truist Financial, 4.8% perp., USD (N)
2.27%
Bank of Nova Scotia, 6.875% 27oct2085, USD (7)
2.09%
HSBC Holdings plc, 6.95% perp., USD
2.08%
NatWest Group, 7.3% perp., USD
2.04%
JP Morgan, 6.875% perp., USD (NN)
1.92%
Lloyds Banking Group, 6.75% perp., USD
1.81%
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 PQDI and VRP
How have the PQDI and VRP ETFs performed in 2026?
As of September 3, 2026, PQDI is up 1.47% year-to-date (YTD), while VRP has lost -0.28%. That puts PQDI better performer ahead so far this year.
Which ETF is attracting more investor money: PQDI or VRP?
Year-to-date, the PQDI ETF saw +$46M in flows, compared to +$696M for VRP.
Which ETF is more volatile: PQDI or VRP?
Over the past year, PQDI had a volatility of 2.64%, while VRP experienced 2.11%.
Which ETF is bigger: PQDI or VRP?
As of September 3, 2026, PQDI holds $110.71 M in assets under management (AUM), while VRP manages $3.02 B.
What sectors do the PQDI and VRP ETFs invest in?
PQDI leans toward sectors like Finance. Meanwhile, VRP focuses on Finance, Utilities and Energy.
What are the top holdings of the PQDI ETF and VRP ETF?
PQDI top holdings include ING Groep, 7% perp., USD, State Street, 6.7% perp., USD (I) and Citigroup Global Markets Holdings, 7% perp., USD (DD). 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: PQDI or VRP?
PQDI holds 105 securities with 36.62% of its assets in the top 15. VRP has 351 securities and a top 15 weight of 13.48%.
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