VRPvsFPFDETF Comparison
ETF 1
VRP
Invesco Variable Rate Preferred ETF
VS
Invesco Variable Rate Preferred ETF (VRP) belongs to the segment. Fidelity Preferred Securities & Income ETF (FPFD) is part of the Multi-Asset: Other segment. Both ETFs have the same top 3 sector exposures: Finance, Utilities and Energy. VRP is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.59% for FPFD. VRP is down -1.74% year-to-date (YTD) with +$739M in YTD flows. FPFD performs better with -1.72% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of VRP and FPFD 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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VRP vs FPFD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VRP FPFD | -0.84%-1.66% | -2.15%-2.81% | -1.74%-1.72% | -0.75%-1.38% | +25.28%+23.19% | +15.10%+4.74% |
| Flows | VRP FPFD | +$43M-$2M | +$75M-$3M | +$739M+$3M | +$839M+$10M | +$1.51B+$45M | +$1.30B+$77M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VRP FPFD | +2.24%+3.18% | +2.21%+2.76% | +2.34%+3.52% | +3.99%+5.22% |
| Max drawdown | VRP FPFD | -2.42%-3.24% | -3.04%-3.85% | -3.04%-4.91% | -13.90%-19.98% |
| Max drawdown duration | VRP FPFD | 92d88d | 236d233d | 236d257d | 807d1031d |
Trading data
VRP | FPFD | |
Last sale 10/16/2026 at 1:30 PM | $23.66 | $20.54 |
| Previous close 10/15/2026 | $23.76 | $20.56 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FPFD
is actively managed and doesn’t replicate an indexVRP | FPFD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
VRP | FPFD | |
|---|---|---|
| Last price | $23.66 | $20.54 |
| 1D performance | -0.42% | -0.11% |
| AuM | $3.00 B | $74.94 M |
| E/R | 0.5% | 0.59% |
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Exposure
Countries
VRP
USA
81.02%
Canada
9.66%
Other
9.32%
FPFD
USA
76.91%
Other
23.09%
Sectors
VRP
Finance
52.42%
Utilities
22.98%
Energy
11%
Other
13.61%
FPFD
Finance
54.42%
Utilities
15.97%
Energy
13.44%
Other
16.17%
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Diversification
VRP
Total weight of top 15 holdings out of 15
13.41%
FPFD
Total weight of top 15 holdings out of 15
23.86%
Top 15 holdings
Data as of August 31, 2026
VRP
Bank of America Corporation, 6.625% perp., USD (OO)
1.07%
JP Morgan, 6.5% perp., USD (OO)
1.07%
US48128BAR24
1.06%
Citigroup, 6.875% perp., USD (GG)
0.95%
JP Morgan, 6.875% perp., USD (NN)
0.92%
Bank of America Corp.
0.89%
Citigroup, 6.625% perp., USD (HH)
0.88%
US38141GF665
0.88%
BP PLC, 4.875% perp., USD
0.86%
CVS Health, 7% 10mar2055, USD (A)
0.84%
Goldman Sachs, 7.5% perp., USD (X)
0.83%
Citigroup, 7.875% 30oct2040, USD
0.82%
Bank of America Corporation, 5.875% perp., USD (FF)
0.82%
Wells Fargo & Co.
0.79%
Vodafone Group, 7% 4apr2079, USD
0.74%
FPFD
Energy Transfer, 6.625% perp., USD (B)
4.57%
US31635A1051
2.88%
Enbridge, 8.5% 15jan2084, USD (2023-B)
2.23%
Energy Transfer, 6.55% 15jan2057, USD (2026A)
1.52%
Goldman Sachs, 4.125% perp., USD (V)
1.38%
Southern Co., 4.2% 15oct2060, USD (2020C)
1.34%
Morgan Stanley
1.26%
JP Morgan, 4% perp., USD (II)
1.26%
BNP Paribas, 6.875% perp., USD
1.18%
PNC Financial Services Group, 3.4% perp., USD (T)
1.18%
Strategy, Inc.
1.04%
Citigroup, 6.75% perp., USD (EE)
1.02%
U.S. Bancorp, 3.7% perp., USD (N)
1.01%
US95002YAG89
1.01%
Sunoco LP, 7.875% perp., USD (A)
0.98%
Frequently asked questions about VRP and FPFD
How have the VRP and FPFD ETFs performed in 2026?
As of October 16, 2026, VRP is down -1.74% year-to-date (YTD), while FPFD has lost -1.72%. That puts FPFD better performer ahead so far this year.
Which ETF is attracting more investor money: VRP or FPFD?
Year-to-date, the VRP ETF saw +$739M in flows, compared to +$3M for FPFD.
Which ETF is more volatile: VRP or FPFD?
Over the past year, VRP had a volatility of 2.21%, while FPFD experienced 2.76%.
Which ETF is bigger: VRP or FPFD?
As of October 16, 2026, VRP holds $3.00 B in assets under management (AUM), while FPFD manages $74.94 M.
What sectors do the VRP and FPFD ETFs invest in?
VRP leans toward sectors like Finance, Utilities and Energy. Meanwhile, FPFD focuses on Finance, Utilities and Energy.
What are the top holdings of the VRP ETF and FPFD ETF?
VRP top holdings include Bank of America Corporation, 6.625% perp., USD (OO), JP Morgan, 6.5% perp., USD (OO) and US48128BAR24. FPFD holds in its top three: Energy Transfer, 6.625% perp., USD (B), US31635A1051 and Enbridge, 8.5% 15jan2084, USD (2023-B).
Which ETF is more diversified: VRP or FPFD?
VRP holds 360 securities with 13.41% of its assets in the top 15. FPFD has 331 securities and a top 15 weight of 23.86%.
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