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EFAA vs VRIG

Invesco MSCI EAFE Income Advantage ETF vs Invesco Variable Rate Investment Grade ETF

EFAA

Invesco MSCI EAFE Income Advantage ETF

Annual cost

0.39%

Fund size

$505M

VRIG

Invesco Variable Rate Investment Grade ETF

Annual cost

0.30%

Fund size

$1.5B

Key differences

EFAA is an alternative ETF, while VRIG is a fixed income ETF. EFAA charges 0.39% a year and VRIG 0.30%.

  • EFAA is an alternative fund, while VRIG is a fixed income fund. They carry different risk/return profiles.
  • EFAA follows a option income strategy; VRIG uses active selection.
  • VRIG costs 0.09% less per year.
  • VRIG is much larger than EFAA. Larger funds are usually more liquid and less likely to close.
  • VRIG has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EFAAVRIG
Annual cost (TER)0.39%0.30%
Fund size (AUM)$505M$1.5B
Since20242016
Dividend yield8.11%4.80%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeactive selection
CAGR 1Y+16.3%+5.0%
CAGR 3YN/A+6.0%
CAGR 5YN/A+4.4%
Sharpe 3YN/A2.81
Volatility 1Y12.12%0.50%
Max drawdown-11.97%-13.04%

Similar to EFAA and VRIG