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VRP vs PGF

Invesco Variable Rate Preferred ETF vs Invesco Financial Preferred ETF

VRP

Invesco Variable Rate Preferred ETF

Invesco

Annual cost

0.50%

Fund size

$2.6B

PGF

Invesco Financial Preferred ETF

Invesco

Annual cost

0.55%

Fund size

$719M

Key differences

  • VRP costs 0.05% less per year.
  • VRP is significantly larger than PGF — larger funds tend to be more liquid and less likely to close.
  • VRP is classified as fixed income, while PGF is equity — different risk/return profiles.
  • Over the last 3 years, VRP has delivered higher annualized returns.
  • PGF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

VRPPGF
Annual cost (TER)0.50%0.55%
Fund size (AUM)$2.6B$719M
Since20142006
Dividend yield6.39%6.24%
Asset classfixed incomeequity
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+7.4%+5.8%
CAGR 3Y+10.4%+5.4%
CAGR 5Y+4.4%-0.5%
Sharpe 3Y1.460.23
Volatility 1Y2.87%6.36%
Max drawdown-46.04%-28.92%

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

Similar to VRP and PGF