VRP vs VTEC
Comparison between INVESCO VARIABLE RATE PREFERRED ETF (VRP, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
VRP vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VRP
$3B
Winner
VTEC
$3.10B
Expense Ratio
VRP
0.50%
Winner
VTEC
0.06%
Max Drawdown
VRP
46.22%
Winner
VTEC
5.70%
Sharpe Ratio
VRP
0.44
Winner
VTEC
0.50
5Y Beta
VRP
0.15
Winner
VTEC
0.05
5Y Dividends CAGR
VRP
6.05%
VTEC
N/A
VRP vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VRP
-0.08%
VTEC
-0.83%
3M
Winner
VRP
+0.74%
VTEC
+0.18%
6M
Winner
VRP
+1.51%
VTEC
-0.34%
1Y
Winner
VRP
+5.26%
VTEC
+5.14%
5Y(CAGR)
VRP
+4.15%
VTEC
N/A
10Y(CAGR)
VRP
+4.84%
VTEC
N/A
Max(CAGR)
Winner
VRP
+5.06%
VTEC
+2.41%
VRP vs VTEC - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | VRP | VTEC |
|---|---|---|
| 2026 | +2.31% | +0.65% |
| 2025 | +7.07% | +3.86% |
| 2024 | +11.29% | +1.42% |
| 2023 | +10.49% | N/A |
| 2022 | -9.00% | N/A |
| 2021 | +4.93% | N/A |
| 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 VTEC Drawdown Comparison
The maximum drawdown for VRP was -46.04%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current VRP drawdown is -0.25%. The current VTEC drawdown is -1.11%.
| Rank | VRP | VTEC |
|---|---|---|
| #1 | -46.04% Feb 12, 2020 - Nov 16, 2020 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -13.76% Sep 22, 2021 - Jan 10, 2024 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -9.04% Aug 31, 2018 - Mar 1, 2019 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -7.54% Apr 24, 2015 - Apr 22, 2016 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -5.38% Sep 6, 2016 - Feb 7, 2017 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -4.26% Feb 28, 2025 - May 16, 2025 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -2.89% Feb 24, 2026 - Apr 20, 2026 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -2.43% Oct 23, 2017 - Aug 31, 2018 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -1.88% Jul 18, 2024 - Aug 15, 2024 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -1.72% Mar 22, 2024 - May 2, 2024 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -1.71% Aug 29, 2014 - Jan 26, 2015 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -1.67% Feb 9, 2021 - Mar 31, 2021 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -1.55% Jan 3, 2025 - Feb 5, 2025 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -1.41% Feb 27, 2017 - Mar 30, 2017 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -1.41% Aug 3, 2017 - Oct 23, 2017 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between VRP and VTEC is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2014 - 2026)
VRP vs VTEC dividend yield comparison.
| Year | VRP | VTEC |
|---|---|---|
| 2026 | 2.75% | 1.82% |
| 2025 | 6.53% | 3.13% |
| 2024 | 5.78% | 2.54% |
| 2023 | 6.61% | 0.00% |
| 2022 | 5.38% | 0.00% |
| 2021 | 4.25% | 0.00% |
| 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% |
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