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BFIX vs VRP

Build Bond Innovation ETF vs Invesco Variable Rate Preferred ETF

BFIX

Build Bond Innovation ETF

Annual cost

0.45%

Fund size

$13M

VRP

Invesco Variable Rate Preferred ETF

Annual cost

0.50%

Fund size

$2.6B

Key differences

  • VRP is significantly larger than BFIX — larger funds tend to be more liquid and less likely to close.
  • BFIX is classified as alternative, while VRP is fixed income — different risk/return profiles.
  • BFIX follows a option income strategy; VRP uses index tracking.
  • Over the last 3 years, VRP has delivered higher annualized returns.
  • VRP has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

BFIXVRP
Annual cost (TER)0.45%0.50%
Fund size (AUM)$13M$2.6B
Since20222014
Dividend yield3.60%6.39%
Asset classalternativefixed income
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+4.7%+7.6%
CAGR 3Y+7.8%+10.4%
CAGR 5YN/A+4.5%
Sharpe 3Y0.821.46
Volatility 1Y2.91%2.89%
Max drawdown-8.03%-46.04%

Similar to BFIX and VRP