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MDIV vs VRP

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

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

VRP

Invesco Variable Rate Preferred ETF

Invesco

Annual cost

0.50%

Fund size

$2.6B

Key differences

  • VRP costs 0.21% less per year.
  • VRP is significantly larger than MDIV — larger funds tend to be more liquid and less likely to close.
  • MDIV is classified as mixed asset, while VRP is fixed income — different risk/return profiles.
  • Over the last 3 years, MDIV has delivered higher annualized returns.

Side-by-side comparison

MDIVVRP
Annual cost (TER)0.71%0.50%
Fund size (AUM)$417M$2.6B
Since20122014
Dividend yield6.13%6.39%
Asset classmixed assetfixed income
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+13.4%+7.4%
CAGR 3Y+12.3%+10.4%
CAGR 5Y+6.4%+4.4%
Sharpe 3Y0.941.46
Volatility 1Y6.70%2.87%
Max drawdown-48.50%-46.04%

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

Similar to MDIV and VRP