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OGSP vs VRP

Obra High Grade Structured Products ETF vs Invesco Variable Rate Preferred ETF

OGSP

Obra High Grade Structured Products ETF

Obra Fund Management, LLC

Annual cost

0.64%

Fund size

$29M

VRP

Invesco Variable Rate Preferred ETF

Invesco

Annual cost

0.50%

Fund size

$2.6B

Key differences

  • VRP costs 0.14% less per year.
  • VRP is significantly larger than OGSP — larger funds tend to be more liquid and less likely to close.
  • OGSP is classified as alternative, while VRP is fixed income — different risk/return profiles.
  • OGSP 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

OGSPVRP
Annual cost (TER)0.64%0.50%
Fund size (AUM)$29M$2.6B
Since20242014
Dividend yield5.86%6.39%
Asset classalternativefixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+5.6%+7.4%
CAGR 3YN/A+10.4%
CAGR 5YN/A+4.4%
Sharpe 3YN/A1.46
Volatility 1Y1.75%2.87%
Max drawdown-0.81%-46.04%

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

Similar to OGSP and VRP