VRIG vs SPY

Comparison between INVESCO VARIABLE RATE INVESTMENT GRADE ETF (VRIG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VRIG, delivering a return of +13.3% compared to +4.4%

VRIG vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VRIG(ETF)	SPY(ETF)
Net Assets	$1.50B	$652B
Expense Ratio	0.30%	0.09%
Max Drawdown	14.33%	56.47%
Sharpe Ratio	2.94	2.07
5Y Beta	0.01	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	33.90%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

VRIG

$1.50B

Winner

SPY

$652B

Expense Ratio

VRIG

0.30%

Winner

SPY

0.09%

Max Drawdown

Winner

VRIG

14.33%

SPY

56.47%

Sharpe Ratio

Winner

VRIG

2.94

SPY

2.07

5Y Beta

Winner

VRIG

0.01

SPY

1.00

P/E Ratio

VRIG

N/A

SPY

28.24

Forward P/E

VRIG

N/A

SPY

21.85

5Y Dividends CAGR

Winner

VRIG

33.90%

SPY

5.43%

5Y EPS CAGR

VRIG

N/A

SPY

25.79%

Debt to Equity

VRIG

N/A

SPY

22.35%

P/S Ratio

VRIG

N/A

SPY

3.55

P/B Ratio

VRIG

N/A

SPY

5.29

VRIG vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VRIG	SPY
1 month	+0.47%	+9.11%
3 months	+0.87%	+6.59%
6 months	+2.24%	+10.56%
1 year	+5.23%	+32.04%
5 years(CAGR)	+4.36%	+13.35%
10 years(CAGR)	+3.44%	+15.49%
Max(CAGR)	+3.44%	+8.50%

VRIG

+0.47%

Winner

SPY

+9.11%

VRIG

+0.87%

Winner

SPY

+6.59%

VRIG

+2.24%

Winner

SPY

+10.56%

VRIG

+5.23%

Winner

SPY

+32.04%

5Y(CAGR)

VRIG

+4.36%

Winner

SPY

+13.35%

10Y(CAGR)

VRIG

+3.44%

Winner

SPY

+15.49%

Max(CAGR)

VRIG

+3.44%

Winner

SPY

+8.50%

VRIG vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VRIG	SPY
2026	+1.45%	+8.27%
2025	+5.03%	+18.00%
2024	+6.81%	+25.59%
2023	+7.30%	+26.72%
2022	+0.99%	-18.64%
2021	+1.14%	+30.52%
2020	+1.63%	+17.28%
2019	+4.52%	+31.09%
2018	+0.43%	-5.24%
2017	+3.19%	+20.78%
2016	+0.56%	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

VRIG vs SPY Drawdown Comparison

The maximum drawdown for VRIG was -13.04%, occurring on Mar 26, 2020. Recovery took 129 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	VRIG	SPY
#1	-13.04% Feb 19, 2020 - Aug 21, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-2.28% Jan 21, 2022 - Sep 22, 2022	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-1.40% Mar 6, 2023 - Apr 18, 2023	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-1.38% Nov 14, 2018 - Feb 20, 2019	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-0.78% Mar 31, 2025 - Apr 29, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-0.73% Sep 22, 2022 - Dec 5, 2022	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-0.47% May 5, 2017 - Jul 14, 2017	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-0.44% Jan 26, 2018 - Feb 23, 2018	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-0.36% Apr 18, 2018 - May 29, 2018	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-0.31% Mar 14, 2018 - Apr 3, 2018	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-0.29% Sep 18, 2020 - Nov 9, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-0.28% Jan 13, 2017 - Feb 13, 2017	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-0.26% Nov 14, 2017 - Dec 21, 2017	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.24% Dec 6, 2019 - Dec 11, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.22% Oct 18, 2017 - Nov 1, 2017	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

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

0.98

-101

Dividend Comparison (1999 - 2026)

VRIG vs SPY dividend yield comparison.

Year	VRIG	SPY
2026	1.50%	0.24%
2025	4.99%	1.07%
2024	6.09%	1.21%
2023	5.97%	1.40%
2022	2.39%	1.65%
2021	0.78%	1.20%
2020	1.57%	1.52%
2019	3.13%	1.75%
2018	2.89%	2.04%
2017	2.31%	1.80%
2016	0.60%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%