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VRP vs PFF

Invesco Variable Rate Preferred ETF vs iShares Preferred and Income Securities ETF

VRP

Invesco Variable Rate Preferred ETF

Annual cost

0.50%

Fund size

$2.6B

PFF

iShares Preferred and Income Securities ETF

Annual cost

0.45%

Fund size

$13.9B

Key differences

  • PFF is significantly larger than VRP — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, VRP has delivered higher annualized returns.
  • PFF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

VRPPFF
Annual cost (TER)0.50%0.45%
Fund size (AUM)$2.6B$13.9B
Since20142007
Dividend yield6.39%5.65%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+7.4%+10.7%
CAGR 3Y+10.3%+8.0%
CAGR 5Y+4.4%+1.9%
Sharpe 3Y1.430.54
Volatility 1Y2.88%6.72%
Max drawdown-46.04%-34.11%

Similar to VRP and PFF