Invesco Variable Rate Investment Grade ETF
$25.07+0.01 (+0.04%)
- 0.30%
- $1.9B
- +4.4%
- 4.54%
- 0.6M sh
- $25.04
- low $25.00high $25.18
The ETF.net VRIG Grade
B
Score 57 out of 100
- 46 of 78
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F16 out of 100Rank 65 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 7 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 28 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 29 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 13 of 78
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
- 361
- 24%
- United States Treasury Floating Rate Note 4.19% 04/30/2028
Sectors
- Financials100.0%
Geography
- United States77.38%
- United Kingdom7.11%
- France4.78%
- Japan4.24%
- Canada2.10%
- Sweden1.40%
- Netherlands1.36%
- Spain1.32%
- 0.32%
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$10,439
Returns run to the Oct 12, 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 | +3.2% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +4.4% |
| 3 years | +5.6% |
| 5 years | +4.7% |
| 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 | +3.2% | |
| 2025 | +5.0% | |
| 2024 | +6.8% | |
| 2023 | +7.4% | |
| 2022 | +1.0% | |
| 2021 | +1.1% | |
| 2020 | +1.8% |
VRIG in the news
VRIG Dividends
- 4.54%
- $1.14
- $0.09 per share
- Monthly
Distribution history
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.
- 1.96
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 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BGMMFiShares Government Money Market ETFExpense ratio 0.20%1 year return +2.7%
- BTUSBThrivent Ultra Short Bond ETFExpense ratio 0.20%1 year return +4.3%
- BCVSBCalvert Ultra-Short Investment Grade ETFExpense ratio 0.24%1 year return +3.7%
- BOPERClearShares Ultra-Short Maturity ETFExpense ratio 0.20%1 year return +3.8%
- BYEARAlliance Bernstein - AB Ultra Short Income ETFExpense ratio 0.25%1 year return +2.9%