TSPA vs VRP

Comparison between T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF) and INVESCO VARIABLE RATE PREFERRED ETF (VRP, ETF).

5-Year PerformanceTSPA has outperformed VRP, delivering a return of +14.4% compared to +4.5%

TSPA vs VRP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSPA(ETF)	VRP(ETF)
Net Assets	$2.60B	$2.60B
Expense Ratio	0.34%	0.50%
Max Drawdown	24.72%	46.22%
Sharpe Ratio	1.98	1.56
5Y Beta	0.97	0.16
P/E Ratio	29.92	N/A
Forward P/E	22.42	N/A
PEG Ratio	0.59	N/A
5Y Dividends CAGR	N/A	6.90%
5Y EPS CAGR	28.25%	N/A
Debt to Equity	44.08%	N/A
P/S Ratio	3.67	N/A
P/B Ratio	5.50	N/A

Net Assets

TSPA

$2.60B

VRP

$2.60B

Expense Ratio

Winner

TSPA

0.34%

VRP

0.50%

Max Drawdown

Winner

TSPA

24.72%

VRP

46.22%

Sharpe Ratio

Winner

TSPA

1.98

VRP

1.56

5Y Beta

TSPA

0.97

Winner

VRP

0.16

P/E Ratio

TSPA

29.92

VRP

N/A

Forward P/E

TSPA

22.42

VRP

N/A

PEG Ratio

TSPA

0.59

VRP

N/A

5Y Dividends CAGR

TSPA

N/A

VRP

6.90%

5Y EPS CAGR

TSPA

28.25%

VRP

N/A

Debt to Equity

TSPA

44.08%

VRP

N/A

P/S Ratio

TSPA

3.67

VRP

N/A

P/B Ratio

TSPA

5.50

VRP

N/A

TSPA vs VRP - Historical Returns

Returns include dividend reinvestment.

Period	TSPA	VRP
1 month	+9.08%	+0.54%
3 months	+7.63%	+0.76%
6 months	+9.65%	+2.49%
1 year	+28.54%	+7.86%
5 years(CAGR)	+14.38%	+4.53%
10 years(CAGR)	N/A	+5.43%
Max(CAGR)	+14.38%	+5.11%

Winner

TSPA

+9.08%

VRP

+0.54%

Winner

TSPA

+7.63%

VRP

+0.76%

Winner

TSPA

+9.65%

VRP

+2.49%

Winner

TSPA

+28.54%

VRP

+7.86%

5Y(CAGR)

Winner

TSPA

+14.38%

VRP

+4.53%

10Y(CAGR)

TSPA

N/A

VRP

+5.43%

Max(CAGR)

Winner

TSPA

+14.38%

VRP

+5.11%

TSPA vs VRP - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	TSPA	VRP
2026	+9.21%	+1.73%
2025	+16.49%	+7.07%
2024	+27.28%	+11.29%
2023	+30.41%	+10.49%
2022	-19.11%	-9.00%
2021	+13.72%	+4.93%
2020	N/A	+4.79%
2019	N/A	+18.32%
2018	N/A	-6.37%
2017	N/A	+8.94%
2016	N/A	+6.93%
2015	N/A	+2.65%
2014	N/A	+1.81%

TSPA vs VRP Drawdown Comparison

The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.

The maximum drawdown for VRP was -46.04%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.

Rank	TSPA	VRP
#1	-24.72% Dec 29, 2021 - Nov 22, 2023	-46.04% Feb 12, 2020 - Nov 16, 2020
#2	-19.04% Feb 19, 2025 - Jun 27, 2025	-13.76% Sep 22, 2021 - Jan 10, 2024
#3	-9.24% Jan 29, 2026 - Apr 14, 2026	-9.04% Aug 31, 2018 - Mar 1, 2019
#4	-8.90% Jul 16, 2024 - Sep 19, 2024	-7.54% Apr 24, 2015 - Apr 22, 2016
#5	-5.49% Mar 28, 2024 - May 14, 2024	-5.38% Sep 6, 2016 - Feb 7, 2017
#6	-5.40% Oct 29, 2025 - Dec 11, 2025	-4.26% Feb 28, 2025 - May 16, 2025
#7	-4.78% Aug 30, 2021 - Oct 19, 2021	-2.89% Feb 24, 2026 - Apr 20, 2026
#8	-4.16% Nov 16, 2021 - Dec 23, 2021	-2.43% Oct 23, 2017 - Aug 31, 2018
#9	-3.91% Dec 6, 2024 - Jan 22, 2025	-1.88% Jul 18, 2024 - Aug 15, 2024
#10	-2.97% Oct 8, 2025 - Oct 24, 2025	-1.72% Mar 22, 2024 - May 2, 2024
#11	-2.82% Jul 12, 2021 - Jul 23, 2021	-1.71% Aug 29, 2014 - Jan 26, 2015
#12	-2.77% Dec 11, 2025 - Dec 23, 2025	-1.67% Feb 9, 2021 - Mar 31, 2021
#13	-2.64% Oct 14, 2024 - Nov 6, 2024	-1.55% Jan 3, 2025 - Feb 5, 2025
#14	-2.59% Jan 12, 2026 - Jan 27, 2026	-1.41% Feb 27, 2017 - Mar 30, 2017
#15	-2.36% Nov 11, 2024 - Nov 26, 2024	-1.41% Aug 3, 2017 - Oct 23, 2017

Correlation

Correlation between TSPA and VRP is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2014 - 2026)

TSPA vs VRP dividend yield comparison.

Year	TSPA	VRP
2026	0.00%	1.63%
2025	0.62%	6.53%
2024	0.50%	5.78%
2023	0.41%	6.61%
2022	1.16%	5.38%
2021	0.43%	4.25%
2020	0.00%	4.17%
2019	0.00%	4.71%
2018	0.00%	5.28%
2017	0.00%	4.69%
2016	0.00%	5.10%
2015	0.00%	5.02%
2014	0.00%	3.04%