VRPvsJHPIETF Comparison
ETF 1
VRP
Invesco Variable Rate Preferred ETF
VS
ETF 2
JHPI
John Hancock Preferred Income ETF
Invesco Variable Rate Preferred ETF (VRP) and John Hancock Preferred Income ETF (JHPI) belong to the same industry 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 0.85% for JHPI. VRP is down -1.74% year-to-date (YTD) with +$739M in YTD flows. JHPI performs better with -0.89% YTD performance, and +$114M in YTD flows. Run a side-by-side ETF comparison of VRP and JHPI 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 JHPI 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 JHPI | -0.84%-1.48% | -2.15%-2.91% | -1.74%-0.89% | -0.75%-0.97% | +25.28%+28.73% | +15.10%n/a |
| Flows | VRP JHPI | +$43M+$14M | +$75M+$23M | +$739M+$114M | +$839M+$116M | +$1.51B+$201M | +$1.30B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VRP JHPI | +2.24%+3.36% | +2.21%+3.13% | +2.34%+4.18% | +3.99%n/a |
| Max drawdown | VRP JHPI | -2.42%-3.26% | -3.04%-3.44% | -3.04%-4.30% | -13.90%n/a |
| Max drawdown duration | VRP JHPI | 92d89d | 236d236d | 236d222d | 807dn/a |
Trading data
VRP | JHPI | |
Last sale 10/16/2026 at 1:30 PM | $23.66 | $21.78 |
| Previous close 10/15/2026 | $23.76 | $21.80 |
| 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 18, 2026
1-year trailing difference
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JHPI
is actively managed and doesn’t replicate an indexVRP | JHPI | |
|---|---|---|
| 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 | JHPI | |
|---|---|---|
| Last price | $23.66 | $21.78 |
| 1D performance | -0.42% | -0.09% |
| AuM | $3.00 B | $226.43 M |
| E/R | 0.5% | 0.85% |
Characteristics
VRP | JHPI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | John Hancock Investments |
| Benchmark | ICE Variable Rate Preferred & Hybrid Securities Index | - |
| N° of holdings | 313 | 179 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2014 | December 15, 2021 |
| ESG | No | No |
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Exposure
Countries
VRP
USA
81.02%
Canada
9.66%
Other
9.32%
JHPI
USA
75.22%
Canada
9.2%
Other
15.58%
Sectors
VRP
Finance
52.42%
Utilities
22.98%
Energy
11%
Other
13.61%
JHPI
Finance
52.5%
Utilities
25.17%
Other
22.33%
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Diversification
VRP
Total weight of top 15 holdings out of 15
13.41%
JHPI
Total weight of top 15 holdings out of 15
14.8%
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%
JHPI
PPL Corp.
1.20%
Sunoco LP, 7.875% perp., USD (A)
1.14%
Venture Global LNG, 9% perp., USD (A)
1.12%
Allianz, 6.5% perp., USD
1.10%
AltaGas, 7.2% 15oct2054, USD
0.95%
US26441C8819
0.95%
Northwest Natural Gas, 7% 15sep2055, USD
0.93%
NGL Energy Partners LP
0.93%
Ally Financial, 7.1% perp., USD (D)
0.93%
Rogers Communications, 7.125% 15apr2055, USD (NC10)
0.93%
US30034WAG15
0.93%
Emera US Finance, 6.85% 1oct2056, USD (B)
0.92%
US29364GAT04
0.92%
Spire, 6.45% 1jun2056, USD (B)
0.92%
Global Atlantic Fin, 7.95% 15oct2054, USD
0.92%
Frequently asked questions about VRP and JHPI
How have the VRP and JHPI ETFs performed in 2026?
As of October 16, 2026, VRP is down -1.74% year-to-date (YTD), while JHPI has lost -0.89%. That puts JHPI better performer ahead so far this year.
Which ETF is attracting more investor money: VRP or JHPI?
Year-to-date, the VRP ETF saw +$739M in flows, compared to +$114M for JHPI.
Which ETF is more volatile: VRP or JHPI?
Over the past year, VRP had a volatility of 2.21%, while JHPI experienced 3.13%.
Which ETF is bigger: VRP or JHPI?
As of October 16, 2026, VRP holds $3.00 B in assets under management (AUM), while JHPI manages $226.43 M.
What sectors do the VRP and JHPI ETFs invest in?
VRP leans toward sectors like Finance, Utilities and Energy. Meanwhile, JHPI focuses on Finance and Utilities.
What are the top holdings of the VRP ETF and JHPI ETF?
VRP top holdings include Bank of America Corporation, 6.625% perp., USD (OO), JP Morgan, 6.5% perp., USD (OO) and US48128BAR24. JHPI holds in its top three: PPL Corp., Sunoco LP, 7.875% perp., USD (A) and Venture Global LNG, 9% perp., USD (A).
Which ETF is more diversified: VRP or JHPI?
VRP holds 360 securities with 13.41% of its assets in the top 15. JHPI has 209 securities and a top 15 weight of 14.8%.
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