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VRP vs AAPR
Invesco Variable Rate Preferred ETF vs Innovator Equity Defined Protection ETF - 2 Yr to April 2026
Key differences
- VRP costs 0.29% less per year.
- VRP is significantly larger than AAPR — larger funds tend to be more liquid and less likely to close.
- VRP is classified as fixed income, while AAPR is alternative — different risk/return profiles.
- VRP follows a index tracking strategy; AAPR uses structured outcome.
- VRP has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| VRP | AAPR | |
|---|---|---|
| Annual cost (TER) | 0.50% | 0.79% |
| Fund size (AUM) | $2.6B | $52M |
| Since | 2014 | 2024 |
| Dividend yield | 6.39% | 0.00% |
| Asset class | fixed income | alternative |
| Region | north america | north america |
| Strategy | index tracking | structured outcome |
| CAGR 1Y | +7.4% | +10.5% |
| CAGR 3Y | +10.4% | N/A |
| CAGR 5Y | +4.4% | N/A |
| Sharpe 3Y | 1.46 | N/A |
| Volatility 1Y | 2.87% | 2.45% |
| Max drawdown | -46.04% | -5.99% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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