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MDIV vs VRIG

Multi-Asset Diversified Income Index Fund vs Invesco Variable Rate Investment Grade ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

VRIG

Invesco Variable Rate Investment Grade ETF

Invesco

Annual cost

0.30%

Fund size

$1.5B

Key differences

  • VRIG costs 0.41% less per year.
  • VRIG is significantly larger than MDIV — larger funds tend to be more liquid and less likely to close.
  • MDIV is classified as mixed asset, while VRIG is fixed income — different risk/return profiles.
  • MDIV follows a index tracking strategy; VRIG uses active selection.
  • Over the last 3 years, MDIV has delivered higher annualized returns.

Side-by-side comparison

MDIVVRIG
Annual cost (TER)0.71%0.30%
Fund size (AUM)$417M$1.5B
Since20122016
Dividend yield6.13%4.86%
Asset classmixed assetfixed income
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+13.4%+5.1%
CAGR 3Y+12.3%+6.1%
CAGR 5Y+6.4%+4.4%
Sharpe 3Y0.942.90
Volatility 1Y6.70%0.50%
Max drawdown-48.50%-13.04%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to MDIV and VRIG