VRPvsQTPIETF Comparison
ETF 1
VRP
Invesco Variable Rate Preferred ETF
VS
ETF 2
QTPI
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF
Invesco Variable Rate Preferred ETF (VRP) and North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) belong to the same industry segment: . VRP's top 3 sector exposures are Finance, Utilities and Energy. In contrast, QTPI's top sector exposures are Finance, Energy and Utilities. VRP is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.6% for QTPI. VRP is down -0.44% year-to-date (YTD) with +$696M in YTD flows. QTPI performs better with 1.65% YTD performance, and +$23M in YTD flows. Run a side-by-side ETF comparison of VRP and QTPI 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 QTPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VRP QTPI | -0.25%+0.36% | -0.43%+0.31% | -0.44%+1.65% | +1.77%+4.03% | +24.64%n/a | +16.32%n/a |
| Flows | VRP QTPI | +$12M- | +$146M+$3M | +$696M+$23M | +$878M+$63M | +$1.43B- | +$1.30B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VRP QTPI | +1.78%+1.79% | +2.12%+1.88% | +2.37%n/a | +3.98%n/a |
| Max drawdown | VRP QTPI | -0.97%-0.70% | -2.97%-2.00% | -2.97%n/a | -14.25%n/a |
| Max drawdown duration | VRP QTPI | 57d49d | 191d123d | 191dn/a | 882dn/a |
Trading data
VRP | QTPI | |
Last sale 9/2/2026 at 1:30 PM | $24.12 | $25.35 |
| Previous close 09/01/2026 | $24.10 | $25.28 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 2, 2026
1-year trailing difference
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QTPI
is actively managed and doesn’t replicate an indexVRP | QTPI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
VRP | QTPI | |
|---|---|---|
| Last price | $24.12 | $25.35 |
| 1D performance | +0.08% | +0.28% |
| AuM | $3.01 B | $79.38 M |
| E/R | 0.5% | 0.6% |
Characteristics
VRP | QTPI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | North Square Investments |
| Benchmark | ICE Variable Rate Preferred & Hybrid Securities Index | - |
| N° of holdings | 313 | 54 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2014 | December 18, 2024 |
| ESG | No | No |
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Exposure
Countries
VRP
USA
82.9%
Canada
10.31%
Other
6.78%
QTPI
USA
63.38%
Canada
12.76%
United Kingdom
9.29%
Other
14.56%
Sectors
VRP
Finance
53.9%
Utilities
23.26%
Energy
11.61%
Other
11.23%
QTPI
Finance
87.05%
Other
12.95%
Diversification
VRP
Total weight of top 15 holdings out of 15
13.48%
QTPI
Total weight of top 15 holdings out of 15
42.23%
Top 15 holdings
Data as of July 31, 2026
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%
QTPI
JP Morgan, 6.875% perp., USD (NN)
3.48%
Citigroup, 7.625% perp., USD (AA)
3.20%
Wells Fargo, 7.625% perp., USD (EE)
3.15%
Bank of America Corporation, 6.625% perp., USD (OO)
2.85%
Goldman Sachs, 7.5% perp., USD (W)
2.85%
U.S. Bancorp, 5.3% perp., USD (J)
2.74%
PNC Financial Services Group, 6.25% perp., USD (W)
2.73%
BP PLC, 6.45% perp., USD
2.71%
Toronto-Dominion Bank, 8.125% 31oct2082, USD (3)
2.69%
BNY Mellon, 6.3% perp., USD (J)
2.69%
State Street, 6.7% perp., USD (I)
2.66%
Capital One Financial, 5.5% perp., USD (O)
2.65%
CIBC, 7% 28oct2085, USD
2.64%
Royal Bank of Canada, 7.5% 2may2084, USD (4)
2.62%
Bank of Montreal, 7.7% 26may2084, USD
2.57%
Frequently asked questions about VRP and QTPI
How have the VRP and QTPI ETFs performed in 2026?
As of September 1, 2026, VRP is down -0.44% year-to-date (YTD), while QTPI has returned 1.65%. That puts QTPI better performer ahead so far this year.
Which ETF is attracting more investor money: VRP or QTPI?
Year-to-date, the VRP ETF saw +$696M in flows, compared to +$23M for QTPI.
Which ETF is more volatile: VRP or QTPI?
Over the past year, VRP had a volatility of 2.12%, while QTPI experienced 1.88%.
Which ETF is bigger: VRP or QTPI?
As of September 1, 2026, VRP holds $3.01 B in assets under management (AUM), while QTPI manages $79.38 M.
What sectors do the VRP and QTPI ETFs invest in?
VRP leans toward sectors like Finance, Utilities and Energy. Meanwhile, QTPI focuses on Finance.
What are the top holdings of the VRP ETF and QTPI ETF?
VRP top holdings include Bank of America Corporation, 6.625% perp., USD (OO), US48128BAR24 and JP Morgan, 6.5% perp., USD (OO). QTPI holds in its top three: JP Morgan, 6.875% perp., USD (NN), Citigroup, 7.625% perp., USD (AA) and Wells Fargo, 7.625% perp., USD (EE).
Which ETF is more diversified: VRP or QTPI?
VRP holds 351 securities with 13.48% of its assets in the top 15. QTPI has 58 securities and a top 15 weight of 42.23%.
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