VRPvsPREFETF Comparison
ETF 1
VRP
Invesco Variable Rate Preferred ETF
VS
ETF 2
PREF
Principal Spectrum Preferred Securities Active ETF
Invesco Variable Rate Preferred ETF (VRP) and Principal Spectrum Preferred Securities Active ETF (PREF) 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 0.55% for PREF. VRP is down -1.74% year-to-date (YTD) with +$739M in YTD flows. PREF performs better with 0.42% YTD performance, and +$613M in YTD flows. Run a side-by-side ETF comparison of VRP and PREF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
VRP vs PREF 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 PREF | -0.84%-0.79% | -2.15%-1.67% | -1.74%+0.42% | -0.75%+1.75% | +25.28%+29.66% | +15.10%+13.73% |
| Flows | VRP PREF | +$43M+$109M | +$75M+$237M | +$739M+$613M | +$839M+$688M | +$1.51B+$1.31B | +$1.30B+$1.57B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VRP PREF | +2.24%+2.29% | +2.21%+2.07% | +2.34%+2.30% | +3.99%+3.91% |
| Max drawdown | VRP PREF | -2.42%-2.29% | -3.04%-2.42% | -3.04%-2.58% | -13.90%-16.09% |
| Max drawdown duration | VRP PREF | 92d50d | 236d102d | 236d37d | 807d973d |
Trading data
VRP | PREF | |
Last sale 10/16/2026 at 1:30 PM | $23.66 | $18.34 |
| Previous close 10/15/2026 | $23.76 | $18.33 |
| 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
Create an account to view replication metrics
Join for free
PREF
is actively managed and doesn’t replicate an indexVRP | PREF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
VRP | PREF | |
|---|---|---|
| Last price | $23.66 | $18.34 |
| 1D performance | -0.42% | +0.05% |
| AuM | $3.00 B | $1.96 B |
| E/R | 0.5% | 0.55% |
Characteristics
VRP | PREF | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Principal Global Investors |
| Benchmark | ICE Variable Rate Preferred & Hybrid Securities Index | - |
| N° of holdings | 313 | 158 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2014 | July 10, 2017 |
| ESG | No | No |
Advertisement
Exposure
Countries
VRP
USA
81.02%
Canada
9.66%
Other
9.32%
PREF
USA
61.95%
Canada
23.22%
Other
14.83%
Sectors
VRP
Finance
52.42%
Utilities
22.98%
Energy
11%
Other
13.61%
PREF
Finance
63.49%
Utilities
16.88%
Energy
10.68%
Other
8.95%
Advertisement
Diversification
VRP
Total weight of top 15 holdings out of 15
13.41%
PREF
Total weight of top 15 holdings out of 15
26.89%
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%
PREF
Bank of America Corp.
2.77%
Enbridge, 8.5% 15jan2084, USD (2023-B)
2.33%
Metlife, 5.85% 15mar2056, USD
2.22%
Toronto-Dominion Bank, 8.125% 31oct2082, USD (3)
1.97%
PNC Financial Services Group, 6.25% perp., USD (W)
1.87%
JP Morgan, 6.5% perp., USD (OO)
1.83%
US808513CM57
1.76%
Bank of Nova Scotia, 8.625% 27oct2082, USD (4)
1.71%
Bank of America Corporation, 6.625% perp., USD (OO)
1.60%
M&T Bank, 3.5% perp., USD (I)
1.60%
Wells Fargo, 6.85% perp., USD (FF)
1.50%
Huntington Bancshares, 6.25% perp., USD (K)
1.48%
Metlife, 9.25% 8apr2068, USD
1.47%
Truist Financial, 6.25% perp., USD (S)
1.40%
Prudential Financial, 3.7% 1oct2050, USD
1.38%
Frequently asked questions about VRP and PREF
How have the VRP and PREF ETFs performed in 2026?
As of October 16, 2026, VRP is down -1.74% year-to-date (YTD), while PREF has returned 0.42%. That puts PREF better performer ahead so far this year.
Which ETF is attracting more investor money: VRP or PREF?
Year-to-date, the VRP ETF saw +$739M in flows, compared to +$613M for PREF.
Which ETF is more volatile: VRP or PREF?
Over the past year, VRP had a volatility of 2.21%, while PREF experienced 2.07%.
Which ETF is bigger: VRP or PREF?
As of October 16, 2026, VRP holds $3.00 B in assets under management (AUM), while PREF manages $1.96 B.
What sectors do the VRP and PREF ETFs invest in?
VRP leans toward sectors like Finance, Utilities and Energy. Meanwhile, PREF focuses on Finance, Utilities and Energy.
What are the top holdings of the VRP ETF and PREF ETF?
VRP top holdings include Bank of America Corporation, 6.625% perp., USD (OO), JP Morgan, 6.5% perp., USD (OO) and US48128BAR24. PREF holds in its top three: Bank of America Corp., Enbridge, 8.5% 15jan2084, USD (2023-B) and Metlife, 5.85% 15mar2056, USD.
Which ETF is more diversified: VRP or PREF?
VRP holds 360 securities with 13.41% of its assets in the top 15. PREF has 166 securities and a top 15 weight of 26.89%.
Advertisement
Advertisement
