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NPFI vs VRP

Nuveen Preferred And Income ETF vs Invesco Variable Rate Preferred ETF

NPFI

Nuveen Preferred And Income ETF

Annual cost

0.56%

Fund size

$154M

VRP

Invesco Variable Rate Preferred ETF

Annual cost

0.50%

Fund size

$2.6B

Key differences

  • VRP costs 0.06% less per year.
  • VRP is significantly larger than NPFI — larger funds tend to be more liquid and less likely to close.
  • NPFI follows a active selection strategy; VRP uses index tracking.
  • VRP has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

NPFIVRP
Annual cost (TER)0.56%0.50%
Fund size (AUM)$154M$2.6B
Since20242014
Dividend yield6.37%6.39%
Asset classfixed incomefixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+8.2%+7.4%
CAGR 3YN/A+10.3%
CAGR 5YN/A+4.4%
Sharpe 3YN/A1.43
Volatility 1Y2.91%2.88%
Max drawdown-3.18%-46.04%

Similar to NPFI and VRP