Invesco Variable Rate Investment Grade ETF

The Invesco Variable Rate Investment Grade ETF (the “Fund”) seeks to generate current income while maintaining low portfolio duration as a primary objective and capital appreciation as a secondary objective.

$25.04

Key Metrics

TER 0.30% per year
Distribution policy Distributing
Fund size USD 1,481 M
Inception date September 22, 2016
Holdings 362
Fund currency USD
Fund domicile US
Provider Invesco
For full official fund details, factsheets, and holdings, visit invesco.com (opens in new tab).

Compare similar ETFs

Fund Size
Dividend
Fees
Current
Variable Rate Investment Grade ETF VRIG
Fund Size
$1.52B
Dividend
4.7%
Fees
0.30%

Historical Return

Last updated: Jul 15, 2026
1 Year -0.1% +4.7% Div
3 Years (avg.) +0.2% +4.7% Div
5 Years (avg.) 0.0% +4.7% Div

Risk & Analysis Metrics

Last updated: Jul 15, 2026

Volatility

1.27% 1 Year
1.67% 3 Years
1.82% 5 Years
3.88% 10 Years

Max Drawdown

-0.66% 1 Year
-1.41% 3 Years
-2.74% 5 Years
-14.33% 10 Years

Sharpe Ratio

-3.44 1 Year
-2.47 3 Years
-2.36 5 Years
-1.08 10 Years

Return Triangle (Heatmap)

Last updated: Jul 15, 2026
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2016 0.0% 0.4% -0.5% -0.1% -0.1% 0.0% -0.2% 0.0% 0.0% 0.0%
2017 0.8% -0.8% -0.1% -0.1% 0.0% -0.2% 0.0% 0.0% 0.0%
2018 -2.4% -0.6% -0.4% -0.2% -0.4% -0.2% -0.1% -0.1%
2019 1.3% 0.6% 0.6% 0.1% 0.3% 0.3% 0.2%
2020 0.0% 0.2% -0.3% 0.0% 0.1% 0.1%
2021 0.4% -0.5% 0.0% 0.1% 0.1%
2022 -1.4% -0.2% 0.1% 0.0%
2023 1.1% 0.8% 0.5%
2024 0.5% 0.2%
2025 -0.1%

Distributions

*by ETF Portfolio Weight Last updated: Jul 15, 2026

Profit Margin Distribution

< 0%
0%
1y 3y N/A N/A
0 - 5%
2%
1y 3y N/A N/A
5 - 10%
10%
1y 3y N/A N/A
10 - 15%
26%
1y 3y N/A N/A
15 - 20%
36%
1y 3y N/A N/A
20 - 30%
20%
1y 3y N/A N/A
30 - 40%
0%
1y 3y N/A N/A
> 40%
6%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
3%
1y 3y N/A N/A
0 - 10
16%
1y 3y N/A N/A
10 - 15
35%
1y 3y N/A N/A
15 - 20
37%
1y 3y N/A N/A
20 - 25
8%
1y 3y N/A N/A
25 - 35
0%
1y 3y N/A N/A
35 - 50
2%
1y 3y N/A N/A
> 50
0%
1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation
N/A
Undervalued
> 60%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
15 - 30%
0%
1y 3y N/A N/A
Fair (&plusmn;15%)
0%
1y 3y N/A N/A
Overvalued
15 - 30%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
> 60%
0%
1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap
1.4%
1y 3y N/A N/A
Small Cap
0.0%
1y 3y N/A N/A
Mid Cap
3.5%
1y 3y N/A N/A
Large Cap
39.6%
1y 3y N/A N/A
Mega Cap
55.5%
1y 3y N/A N/A
Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Portfolio Concentration

*by ETF Portfolio Weight Last updated: Jul 15, 2026
14.4% Top 5 Holdings
26.9% Top 10 Holdings
91.0% Top 50 Holdings
100.0% Top 100 Holdings
Top 5 Companies
C Citigroup Inc
3.4%
JPM Alerian MLP Index ETN
2.8%
MS Market Vectors Chinese Renminbi/USD ETN
2.8%
HSBC HSBC Holdings Plc
2.8%
BAC Bank Of America Corp.
2.8%

Latest News

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Early Q2 Results Reveal a Highly Robust Earnings Landscape

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9 days ago • zacks.com

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9 days ago • businesswire.com

JPMorganChase Declares Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has declared dividends on the outstanding shares of the...

Average metrics of all companies in portfolio

Last updated: Jul 19, 2026
Market
Average
Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares. $244B -
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price. 2.32% 2.03%
Beta Indicates the relationship between the price performance of a share and the market. 0.95 -
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. 15.53 28.84
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything - -
Profitable Companies 96% -
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued. 37.36 18.09
Price to Sales Ratio Market cap divided by the revenue in the most recent year. 2.22 8.08
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company 1.73 10.33
Market
Average
Enterprise Value to EBIT Enterprise Value divided by EBIT 20.19 19.5
Enterprise Value to Revenue Enterprise value divided by revenue 4.0 8.09
Total Debt to Enterprise Value Total debt divided by enterprise value 0.91 0.04
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary. 3.01 0.27
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability. 17.66% 20.92%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago. +16.0% -113.9%
Return on Equity Equity divided by market cap. 13.89% 2.94%
Return on Assets Indicates a company's profitability in relation to its total assets. 0.91% 4.11%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits. 3.40% 3.71%

Sectors

Finance and Insurance 11.7%
Finance 2.9%
Financial Services 2.3%
Manufacturing 1.1%
Utilities 0.3%
Information 0.0%
Other 81.6%

Countries

Other 49.6%
United States 38.1%
United Kingdom 4.1%
France 2.3%
Japan 2.0%
Netherlands 1.5%
Canada 1.0%
Sweden 0.7%
Spain 0.7%
Other 0.0%

Stock Screener

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32 companies

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%
Market Cap $221.86B
P/E Ratio 13.7
Dividends 1.9%
Total Investment $9.14M
Weight 0.62%

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Market Cap $913.98B
P/E Ratio 14.7
Dividends 1.8%
Total Investment $7.53M
Weight 0.51%

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Market Cap $339.86B
P/E Ratio 23.3
Dividends 1.9%
Total Investment $7.53M
Weight 0.51%

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Market Cap $345.77B
P/E Ratio 16.5
Dividends 3.7%
Total Investment $7.53M
Weight 0.51%

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Market Cap $434.81B
P/E Ratio 13.9
Dividends 1.8%
Total Investment $7.5M
Weight 0.51%

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Market Cap $434.81B
P/E Ratio 13.9
Dividends 1.8%
Total Investment $7.12M
Weight 0.48%

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Market Cap $267.84B
P/E Ratio 12.5
Dividends 2.1%
Total Investment $7.11M
Weight 0.48%

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Market Cap $67.34B
P/E Ratio 9.0
Dividends 3.2%
Total Investment $6.63M
Weight 0.45%

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Market Cap $92.45B
P/E Ratio 13.0
Dividends 4.4%
Total Investment $6.6M
Weight 0.45%

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Market Cap $93.8B
P/E Ratio 11.7
Dividends 1.7%
Total Investment $6.54M
Weight 0.44%

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Market Cap $128.43B
P/E Ratio 9.9
Dividends 5.1%
Total Investment $6.29M
Weight 0.42%

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Market Cap $198.89B
P/E Ratio 10.8
Dividends 1.8%
Total Investment $6.2M
Weight 0.42%

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Market Cap $221.86B
P/E Ratio 13.7
Dividends 1.9%
Total Investment $6.11M
Weight 0.41%

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Market Cap $60.67B
P/E Ratio 42.0
Dividends 1.2%
Total Investment $6.02M
Weight 0.41%

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Market Cap $42.05B
P/E Ratio 22.9
Dividends 3.0%
Total Investment $6M
Weight 0.41%

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Market Cap $67.34B
P/E Ratio 9.0
Dividends 3.2%
Total Investment $6M
Weight 0.41%

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Market Cap $109.65B
P/E Ratio 17.2
Dividends 3.5%
Total Investment $5.64M
Weight 0.38%

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Market Cap $62.09B
P/E Ratio 10.6
Dividends 2.2%
Total Investment $5.62M
Weight 0.38%

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Market Cap $267.84B
P/E Ratio 12.5
Dividends 2.1%
Total Investment $5.6M
Weight 0.38%

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Market Cap $913.98B
P/E Ratio 14.7
Dividends 1.8%
Total Investment $5.21M
Weight 0.35%

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