VRP vs SPXX

Comparison between INVESCO VARIABLE RATE PREFERRED ETF (VRP, ETF) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX, ETF).

5-Year PerformanceSPXX has outperformed VRP, delivering a return of +7.4% compared to +4.4%

VRP vs SPXX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VRP(ETF)	SPXX(ETF)
Net Assets	$2.60B	$2.70B
Expense Ratio	0.50%	N/A
Max Drawdown	46.22%	59.96%
Sharpe Ratio	1.05	0.74
5Y Beta	0.15	0.80
5Y Dividends CAGR	8.33%	11.48%

Net Assets

VRP

$2.60B

Winner

SPXX

$2.70B

Expense Ratio

VRP

0.50%

SPXX

N/A

Max Drawdown

Winner

VRP

46.22%

SPXX

59.96%

Sharpe Ratio

Winner

VRP

1.05

SPXX

0.74

5Y Beta

Winner

VRP

0.15

SPXX

0.80

5Y Dividends CAGR

VRP

8.33%

Winner

SPXX

11.48%

VRP vs SPXX - Historical Returns

Returns include dividend reinvestment.

Period	VRP	SPXX
1 month	+0.50%	+2.15%
3 months	+0.88%	+5.04%
6 months	+2.52%	+4.20%
1 year	+6.78%	+12.99%
5 years(CAGR)	+4.35%	+7.41%
10 years(CAGR)	+5.21%	+9.97%
Max(CAGR)	+5.09%	+7.41%

VRP

+0.50%

Winner

SPXX

+2.15%

VRP

+0.88%

Winner

SPXX

+5.04%

VRP

+2.52%

Winner

SPXX

+4.20%

VRP

+6.78%

Winner

SPXX

+12.99%

5Y(CAGR)

VRP

+4.35%

Winner

SPXX

+7.41%

10Y(CAGR)

VRP

+5.21%

Winner

SPXX

+9.97%

Max(CAGR)

VRP

+5.09%

Winner

SPXX

+7.41%

VRP vs SPXX - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	VRP	SPXX
2026	+1.81%	+2.30%
2025	+7.07%	+11.56%
2024	+11.29%	+28.64%
2023	+10.49%	+1.77%
2022	-9.00%	-7.14%
2021	+4.93%	+31.06%
2020	+4.79%	+0.75%
2019	+18.32%	+23.48%
2018	-6.37%	-14.40%
2017	+8.94%	+28.09%
2016	+6.93%	+14.57%
2015	+2.65%	+2.35%
2014	+1.81%	+9.85%
2013	N/A	+15.93%
2012	N/A	+15.76%
2011	N/A	-5.57%
2010	N/A	+13.97%
2009	N/A	+28.61%
2008	N/A	-29.58%
2007	N/A	-4.08%
2006	N/A	+22.10%
2005	N/A	-13.75%

VRP vs SPXX Drawdown Comparison

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

The maximum drawdown for SPXX was -52.38%, occurring on Mar 9, 2009. Recovery took 924 trading sessions.

The current VRP drawdown is -0.21%. The current SPXX drawdown is -2.11%.

Rank	VRP	SPXX
#1	-46.04% Feb 12, 2020 - Nov 16, 2020	-52.38% Apr 12, 2007 - Dec 9, 2010
#2	-13.76% Sep 22, 2021 - Jan 10, 2024	-43.80% Jun 7, 2018 - Mar 1, 2021
#3	-9.04% Aug 31, 2018 - Mar 1, 2019	-18.59% Dec 14, 2010 - Feb 13, 2012
#4	-7.54% Apr 24, 2015 - Apr 22, 2016	-18.06% Jan 12, 2022 - Dec 1, 2022
#5	-5.38% Sep 6, 2016 - Feb 7, 2017	-17.95% Dec 1, 2022 - Jun 6, 2024
#6	-4.26% Feb 28, 2025 - May 16, 2025	-17.67% Feb 19, 2025 - Jun 30, 2025
#7	-2.89% Feb 24, 2026 - Apr 20, 2026	-14.69% Nov 30, 2005 - Aug 31, 2006
#8	-2.43% Oct 23, 2017 - Aug 31, 2018	-14.67% Nov 24, 2015 - Apr 12, 2016
#9	-1.88% Jul 18, 2024 - Aug 15, 2024	-11.85% Jan 12, 2026 - May 13, 2026
#10	-1.72% Mar 22, 2024 - May 2, 2024	-11.20% Oct 1, 2012 - Jan 11, 2013
#11	-1.71% Aug 29, 2014 - Jan 26, 2015	-9.73% Jun 15, 2021 - Dec 30, 2021
#12	-1.67% Feb 9, 2021 - Mar 31, 2021	-9.68% Jul 16, 2015 - Nov 3, 2015
#13	-1.55% Jan 3, 2025 - Feb 5, 2025	-7.94% Jan 26, 2018 - May 4, 2018
#14	-1.41% Feb 27, 2017 - Mar 30, 2017	-7.77% Apr 2, 2012 - Jul 27, 2012
#15	-1.41% Aug 3, 2017 - Oct 23, 2017	-7.69% Jul 16, 2024 - Aug 26, 2024

Correlation

Correlation between VRP and SPXX is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2006 - 2026)

VRP vs SPXX dividend yield comparison.

Year	VRP	SPXX
2026	2.00%	1.87%
2025	6.53%	7.48%
2024	5.78%	6.87%
2023	6.61%	7.82%
2022	5.38%	7.30%
2021	4.25%	5.27%
2020	4.17%	6.56%
2019	4.71%	6.44%
2018	5.28%	7.98%
2017	4.69%	5.69%
2016	5.10%	5.14%
2015	5.02%	7.75%
2014	3.04%	7.30%
2013	0.00%	7.93%
2012	0.00%	8.66%
2011	0.00%	9.28%
2010	0.00%	8.09%
2009	0.00%	8.56%
2008	0.00%	13.80%
2007	0.00%	9.46%
2006	0.00%	8.36%