Invesco Variable Rate Investment Grade ETF
$25.02+0.00 (−0.02%)
- Expense ratio
- 0.30%
- Fund size
- $1.8B
- 1Y return
- +4.5%
- Yield · Last 12 months
- 4.55%
- Holdings
- 362
- Volume · 30D
- 0.6M sh
- NAV per share
- $25.02
- 52W range
The ETF.net VRIG Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 14Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 67Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 80Category rank
Our read on VRIG
BMost funds in the cash corner just roll Treasury bills. VRIG is the active floating-rate alternative: securitized and corporate paper whose coupons reset with short-term rates, built for current income with very low duration.
The actively managed ETF seeks current income while maintaining low portfolio duration as its primary objective; capital appreciation is secondary.
Why people hold it
- Coupons reset as short-term rates move, which is how the fund keeps portfolio duration low while pursuing current income. Rate swings move floaters less than fixed-coupon bonds.invesco.com
- Active, not an index clone. Managers range across floating-rate securitized, corporate and agency paper, with at least 80% of net assets in investment-grade variable rate instruments.invesco.com
- Pays income monthly and spreads the work across roughly 400 positions instead of a short stack of bills.
- Trading since 2016, so the strategy has a track record covering both rising and falling short-term rates, and it stays actively traded on the screen.
Worth knowing
- It charges 0.30% a year, against 0.19% for the typical fund in its short-duration group and 0.06% to 0.08% for bill trackers like VBIL and ICSH. Active credit work costs more.
- This is credit, not Treasury bills. The 80% investment-grade floor leaves room for lower-rated and fixed-rate holdings, and securitized paper can move when markets get stressed.invesco.com
- Floating coupons cut both ways. When short-term rates fall, the interest the portfolio collects resets lower with them.invesco.com
VRIG Holdings
- Bonds
- 362
- 21%
- United States Treasury Floating Rate Note 4.11% 04/30/2028
Sectors
- Financials100.0%
Geography
- United States76.26%
- United Kingdom7.74%
- Japan4.61%
- France4.61%
- Canada2.03%
- Sweden1.50%
- Netherlands1.46%
- Spain1.44%
- 0.36%
VRIG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
VRIG$10,449
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VRIG |
|---|---|
| Year to date | +3.1% |
| 1 month | +0.3% |
| 3 months | +1.0% |
| 1 year | +4.5% |
| 3 years | +5.6% |
| 5 years | +4.6% |
| 10 years | +3.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VRIG |
|---|---|---|
| 2026 YTD | +3.1% | |
| 2025 | +5.0% | |
| 2024 | +6.8% | |
| 2023 | +7.4% | |
| 2022 | +1.0% | |
| 2021 | +1.1% | |
| 2020 | +1.8% |
VRIG in the news
VRIG Dividends
- 4.55%
- $1.14
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.09 |
| Aug 24, 2026 | Aug 28, 2026 | $0.09 |
| Jul 20, 2026 | Jul 24, 2026 | $0.09 |
| Jun 22, 2026 | Jun 26, 2026 | $0.09 |
| May 18, 2026 | May 22, 2026 | $0.09 |
| Apr 20, 2026 | Apr 24, 2026 | $0.09 |
| Mar 23, 2026 | Mar 27, 2026 | $0.09 |
| Feb 23, 2026 | Feb 27, 2026 | $0.10 |
| Jan 20, 2026 | Jan 23, 2026 | $0.10 |
| Dec 22, 2025 | Dec 26, 2025 | $0.10 |
| Nov 24, 2025 | Nov 28, 2025 | $0.10 |
| Oct 20, 2025 | Oct 24, 2025 | $0.10 |
VRIG Risk
- 0.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.95
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VRIG Cost
0.30%
VRIG0.30%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
64 of the 77 Cash & Ultra-Short Income funds charge less.