VRP vs TSPA

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

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

VRP vs TSPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

VRP

$2.60B

TSPA

$2.60B

Expense Ratio

VRP

0.50%

Winner

TSPA

0.34%

Max Drawdown

VRP

46.22%

Winner

TSPA

24.72%

Sharpe Ratio

VRP

1.56

Winner

TSPA

1.98

5Y Beta

Winner

VRP

0.16

TSPA

0.97

P/E Ratio

VRP

N/A

TSPA

29.92

Forward P/E

VRP

N/A

TSPA

22.42

PEG Ratio

VRP

N/A

TSPA

0.59

5Y Dividends CAGR

VRP

6.90%

TSPA

N/A

5Y EPS CAGR

VRP

N/A

TSPA

28.25%

Debt to Equity

VRP

N/A

TSPA

44.08%

P/S Ratio

VRP

N/A

TSPA

3.67

P/B Ratio

VRP

N/A

TSPA

5.50

VRP vs TSPA - Historical Returns

Returns include dividend reinvestment.

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

VRP

+0.54%

Winner

TSPA

+9.08%

VRP

+0.76%

Winner

TSPA

+7.63%

VRP

+2.49%

Winner

TSPA

+9.65%

VRP

+7.86%

Winner

TSPA

+28.54%

5Y(CAGR)

VRP

+4.53%

Winner

TSPA

+14.38%

10Y(CAGR)

VRP

+5.43%

TSPA

N/A

Max(CAGR)

VRP

+5.11%

Winner

TSPA

+14.38%

VRP vs TSPA - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

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

VRP vs TSPA Drawdown Comparison

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

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

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

Correlation

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

0.98

-101

Dividend Comparison (2014 - 2026)

VRP vs TSPA dividend yield comparison.

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