VRP vs MUNI
Comparison between INVESCO VARIABLE RATE PREFERRED ETF (VRP, ETF) and PIMCO INTERMEDIATE MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (MUNI, ETF).
5-Year PerformanceVRP has outperformed MUNI, delivering a return of +4.4% compared to +1.3%
VRP vs MUNI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VRP vs MUNI - Historical Returns
Returns include dividend reinvestment.
VRP vs MUNI - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | VRP | MUNI |
|---|---|---|
| 2026 | +2.19% | +1.44% |
| 2025 | +7.07% | +4.61% |
| 2024 | +11.29% | +1.60% |
| 2023 | +10.49% | +5.98% |
| 2022 | -9.00% | -6.69% |
| 2021 | +4.93% | +0.64% |
| 2020 | +4.79% | +4.77% |
| 2019 | +18.32% | +6.95% |
| 2018 | -6.37% | +1.10% |
| 2017 | +8.94% | +4.72% |
| 2016 | +6.93% | -0.48% |
| 2015 | +2.65% | +2.66% |
| 2014 | +1.81% | +5.58% |
| 2013 | N/A | -2.51% |
| 2012 | N/A | +4.73% |
| 2011 | N/A | +8.18% |
| 2010 | N/A | +3.95% |
| 2009 | N/A | -0.37% |
VRP vs MUNI Drawdown Comparison
The maximum drawdown for VRP was -46.04%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.
The maximum drawdown for MUNI was -11.15%, occurring on Oct 25, 2022. Recovery took 766 trading sessions.
The current MUNI drawdown is -0.52%.
| Rank | VRP | MUNI |
|---|---|---|
| #1 | -46.04% Feb 12, 2020 - Nov 16, 2020 | -11.15% Jul 19, 2021 - Aug 5, 2024 |
| #2 | -13.76% Sep 22, 2021 - Jan 10, 2024 | -10.81% Mar 9, 2020 - Jul 16, 2020 |
| #3 | -9.04% Aug 31, 2018 - Mar 1, 2019 | -6.25% May 2, 2013 - Aug 11, 2014 |
| #4 | -7.54% Apr 24, 2015 - Apr 22, 2016 | -5.09% Aug 23, 2016 - Aug 14, 2017 |
| #5 | -5.38% Sep 6, 2016 - Feb 7, 2017 | -4.13% Aug 31, 2010 - May 18, 2011 |
| #6 | -4.26% Feb 28, 2025 - May 16, 2025 | -3.67% Feb 28, 2025 - Sep 5, 2025 |
| #7 | -2.89% Feb 24, 2026 - Apr 20, 2026 | -2.70% Jan 30, 2015 - Dec 1, 2015 |
| #8 | -2.43% Oct 23, 2017 - Aug 31, 2018 | -2.29% Feb 27, 2026 - Mar 26, 2026 |
| #9 | -1.88% Jul 18, 2024 - Aug 15, 2024 | -2.27% Oct 2, 2024 - Dec 6, 2024 |
| #10 | -1.72% Mar 22, 2024 - May 2, 2024 | -2.26% Dec 6, 2024 - Feb 26, 2025 |
| #11 | -1.71% Aug 29, 2014 - Jan 26, 2015 | -2.25% Sep 22, 2011 - Dec 6, 2011 |
| #12 | -1.67% Feb 9, 2021 - Mar 31, 2021 | -1.99% Dec 5, 2012 - May 1, 2013 |
| #13 | -1.55% Jan 3, 2025 - Feb 5, 2025 | -1.80% Sep 8, 2017 - Aug 15, 2018 |
| #14 | -1.41% Feb 27, 2017 - Mar 30, 2017 | -1.73% Feb 11, 2021 - Jun 9, 2021 |
| #15 | -1.41% Aug 3, 2017 - Oct 23, 2017 | -1.66% Mar 12, 2010 - May 21, 2010 |
Correlation
Correlation between VRP and MUNI is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2009 - 2026)
VRP vs MUNI dividend yield comparison.
| Year | VRP | MUNI |
|---|---|---|
| 2026 | 1.99% | 1.35% |
| 2025 | 6.53% | 3.26% |
| 2024 | 5.78% | 3.50% |
| 2023 | 6.61% | 3.09% |
| 2022 | 5.38% | 2.13% |
| 2021 | 4.25% | 1.62% |
| 2020 | 4.17% | 1.92% |
| 2019 | 4.71% | 2.44% |
| 2018 | 5.28% | 2.38% |
| 2017 | 4.69% | 2.37% |
| 2016 | 5.10% | 2.37% |
| 2015 | 5.02% | 2.20% |
| 2014 | 3.04% | 1.91% |
| 2013 | 0.00% | 2.30% |
| 2012 | 0.00% | 2.27% |
| 2011 | 0.00% | 2.33% |
| 2010 | 0.00% | 2.54% |
| 2009 | 0.00% | 0.09% |
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