Passive

Invesco Variable Rate Preferred ETF

The Invesco Variable Rate Preferred ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE Variable Rate Preferred & Hybrid Securities Index (the “Underlying Index”).

$23.55

Key Metrics

TER 0.50% per year
Distribution policy Distributing
Fund size USD 3,018 M
Inception date May 1, 2014
Holdings 364
Fund currency USD
Fund domicile US
Provider Invesco
For full official fund details, factsheets, and holdings, visit invesco.com (opens in new tab).

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Historical Return

Last updated: Nov 01, 2026
1 Year -4.3% +5.9% Div
3 Years (avg.) +2.8% +5.9% Div
5 Years (avg.) -2.0% +5.9% Div

Risk & Analysis Metrics

Last updated: Nov 01, 2026

Volatility

3.09% 1 Year
4.39% 3 Years
6.63% 5 Years
14.46% 10 Years

Max Drawdown

-4.55% 1 Year
-5.66% 3 Years
-19.40% 5 Years
-46.22% 10 Years

Sharpe Ratio

-2.64 1 Year
-0.36 3 Years
-0.91 5 Years
-0.27 10 Years

Return Triangle (Heatmap)

Last updated: Nov 01, 2026
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2014 -1.2% -1.8% -0.7% 0.5% -1.9% 0.4% 0.4% 0.4% -1.3% -0.8% -0.3% -0.3%
2015 -2.3% -0.4% 1.0% -2.1% 0.7% 0.6% 0.6% -1.3% -0.8% -0.2% -0.2%
2016 1.6% 2.8% -2.0% 1.5% 1.2% 1.1% -1.1% -0.6% 0.0% 0.0%
2017 4.0% -3.7% 1.5% 1.1% 1.0% -1.6% -0.9% -0.2% -0.1%
2018 -10.8% 0.2% 0.2% 0.3% -2.6% -1.7% -0.8% -0.6%
2019 12.7% 6.2% 4.3% -0.5% 0.2% 1.0% 0.9%
2020 0.2% 0.4% -4.5% -2.6% -1.2% -0.9%
2021 0.6% -6.8% -3.6% -1.5% -1.1%
2022 -13.6% -5.6% -2.2% -1.6%
2023 3.2% 4.1% 2.8%
2024 5.0% 2.6%
2025 0.3%

Distributions

*by ETF Portfolio Weight Last updated: Nov 01, 2026

Profit Margin Distribution

< 0%
5%
1y 3y N/A N/A
0 - 5%
12%
1y 3y N/A N/A
5 - 10%
11%
1y 3y N/A N/A
10 - 15%
23%
1y 3y N/A N/A
15 - 20%
31%
1y 3y N/A N/A
20 - 30%
16%
1y 3y N/A N/A
30 - 40%
1%
1y 3y N/A N/A
> 40%
3%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
4%
1y 3y N/A N/A
0 - 10
8%
1y 3y N/A N/A
10 - 15
54%
1y 3y N/A N/A
15 - 20
7%
1y 3y N/A N/A
20 - 25
21%
1y 3y N/A N/A
25 - 35
4%
1y 3y N/A N/A
35 - 50
1%
1y 3y N/A N/A
> 50
2%
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
0.8%
1y 3y N/A N/A
Small Cap
1.3%
1y 3y N/A N/A
Mid Cap
4.6%
1y 3y N/A N/A
Large Cap
61.7%
1y 3y N/A N/A
Mega Cap
31.6%
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: Nov 01, 2026
6.6% Top 5 Holdings
12.1% Top 10 Holdings
41.6% Top 50 Holdings
64.1% Top 100 Holdings
Top 5 Companies
BAC Bank Of America Corp.
1.4%
JPM Alerian MLP Index ETN
1.4%
C Citigroup Inc
1.3%
JPM Alerian MLP Index ETN
1.2%
C Citigroup Inc
1.2%

Latest News

2 days ago • zacks.com

JPMorgan Chase & Co. (JPM) Up 2.4% Since Last Earnings Report: Can It Continue?

JPMorgan Chase & Co. (JPM) reported earnings 30 days ago. What's next for the stock?
3 days ago • 247wallst.com

Jamie Dimon Warned the American Dream Was “Slipping Out of Reach.” $19 Trillion in Debt May Explain Why

A steady paycheck used to be the first rung on the ladder. New Federal Reserve figures, a surge in one risky type of borrowing, and a simple $80,00...
3 days ago • defenseworld.net

JPMorgan Chase & Co. $JPM Shares Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its holdings in shares of JPMorgan Chase and Co. (NYSE: JPM) by 2.9% in the third quarter, according to the...

Average metrics of all companies in portfolio

Last updated: Nov 08, 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. $2.77T -
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price. 2.70% 1.64%
Beta Indicates the relationship between the price performance of a share and the market. 0.88 -
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. 17.07 22.61
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 -34.76 -
Profitable Companies 95% -
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. 29.42 9.45
Price to Sales Ratio Market cap divided by the revenue in the most recent year. 2.02 3.37
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company 1.21 6.33
Market
Average
Enterprise Value to EBIT Enterprise Value divided by EBIT 14.77 14.02
Enterprise Value to Revenue Enterprise value divided by revenue 4.84 5.03
Total Debt to Enterprise Value Total debt divided by enterprise value 0.54 0.18
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. 2.11 0.99
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability. 13.31% 16.03%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago. +10.3% +19.4%
Return on Equity Equity divided by market cap. 10.54% 24.21%
Return on Assets Indicates a company's profitability in relation to its total assets. 1.60% 7.82%
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. 2.86% 13.87%

Sectors

Finance and Insurance 43.7%
Utilities 19.3%
Financial Services 6.0%
Information 3.9%
Transportation and Warehousing 3.0%
Communications 1.3%
Retail Trade 1.1%
Manufacturing 1.0%
Communication Services 0.5%
Health Care and Social Assistance 0.3%
Agriculture, Forestry, Fishing and Hunting 0.3%
Real Estate and Rental and Leasing 0.0%
Other 19.7%

Countries

United States 85.7%
Canada 10.0%
United Kingdom 3.0%
Ireland 0.4%
Netherlands 0.3%
Bermuda 0.3%
Switzerland 0.2%
Greece 0.2%

Stock Screener

Select filters to narrow down the 113 investments below

113 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
P/E Ratio
Dividends Ratio of dividends in the last 12 months to current share price
Total Investment
Weight

Bank Of America Corp.

BAC - Finance and Insurance

Bank Of America Corp.

BAC - Finance and Insurance
Market Cap $317.03B
P/E Ratio 12.0
Dividends 2.3%
Total Investment $31.73M
Weight 1.05%

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JPMorgan Chase & Co.

JPM - Financial Services

JPMorgan Chase & Co.

JPM - Financial Services
Market Cap $859.14B
P/E Ratio 14.5
Dividends 1.8%
Total Investment $31.49M
Weight 1.04%

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JPMorgan Chase & Co.

JPM - Financial Services

JPMorgan Chase & Co.

JPM - Financial Services
Market Cap $859.14B
P/E Ratio 14.5
Dividends 1.8%
Total Investment $31.36M
Weight 1.04%

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Citigroup Inc

C - Finance and Insurance

Citigroup Inc

C - Finance and Insurance
Market Cap $191.33B
P/E Ratio 11.9
Dividends 2.0%
Total Investment $28.2M
Weight 0.93%

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JPMorgan Chase & Co.

JPM - Financial Services

JPMorgan Chase & Co.

JPM - Financial Services
Market Cap $859.14B
P/E Ratio 14.5
Dividends 1.8%
Total Investment $26.98M
Weight 0.89%

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Invesco Government & Agency Portfolio Institutional Class

AGPXX - Financial Services

Invesco Government & Agency Portfolio Institutional Class

AGPXX - Financial Services
Market Cap $79.06B
P/E Ratio
Dividends
Total Investment $26.53M
Weight 0.88%

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Citigroup Inc

C - Finance and Insurance

Citigroup Inc

C - Finance and Insurance
Market Cap $191.33B
P/E Ratio 11.9
Dividends 2.0%
Total Investment $26.16M
Weight 0.87%

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Bank Of America Corp.

BAC - Finance and Insurance

Bank Of America Corp.

BAC - Finance and Insurance
Market Cap $317.03B
P/E Ratio 12.0
Dividends 2.3%
Total Investment $26.12M
Weight 0.87%

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Goldman Sachs Group, Inc.

GS - Finance and Insurance

Goldman Sachs Group, Inc.

GS - Finance and Insurance
Market Cap $7.84B
P/E Ratio 13.0
Dividends 2.0%
Total Investment $25.94M
Weight 0.86%

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Goldman Sachs Group, Inc.

GS - Finance and Insurance

Goldman Sachs Group, Inc.

GS - Finance and Insurance
Market Cap $7.84B
P/E Ratio 13.0
Dividends 2.0%
Total Investment $24.29M
Weight 0.80%

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CVS Health Corp

CVS - Retail Trade

CVS Health Corp

CVS - Retail Trade
Market Cap $27.22B
P/E Ratio 10.3
Dividends 3.0%
Total Investment $24.19M
Weight 0.80%

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Citigroup Capital XIII TR PFD SECS

C-PN - Finance and Insurance

Citigroup Capital XIII TR PFD SECS

C-PN - Finance and Insurance
Market Cap $191.33B
P/E Ratio 11.9
Dividends 2.0%
Total Investment $24.19M
Weight 0.80%

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Bank Of America Corp.

BAC - Finance and Insurance

Bank Of America Corp.

BAC - Finance and Insurance
Market Cap $317.03B
P/E Ratio 12.0
Dividends 2.3%
Total Investment $23.75M
Weight 0.79%

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Wells Fargo & Co.

WFC - Finance and Insurance

Wells Fargo & Co.

WFC - Finance and Insurance
Market Cap $178.18B
P/E Ratio 11.9
Dividends 2.2%
Total Investment $22.97M
Weight 0.76%

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Vodafone Group plc - ADR

VOD - Communications

Vodafone Group plc - ADR

VOD - Communications
Market Cap $21.13B
P/E Ratio -5.3
Dividends 3.4%
Total Investment $21.49M
Weight 0.71%

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Wells Fargo & Co.

WFC - Finance and Insurance

Wells Fargo & Co.

WFC - Finance and Insurance
Market Cap $178.18B
P/E Ratio 11.9
Dividends 2.2%
Total Investment $21.27M
Weight 0.70%

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Citigroup Inc

C - Finance and Insurance

Citigroup Inc

C - Finance and Insurance
Market Cap $191.33B
P/E Ratio 11.9
Dividends 2.0%
Total Investment $21M
Weight 0.70%

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Bank Of America Corp.

BAC - Finance and Insurance

Bank Of America Corp.

BAC - Finance and Insurance
Market Cap $317.03B
P/E Ratio 12.0
Dividends 2.3%
Total Investment $20.74M
Weight 0.69%

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Goldman Sachs Group, Inc.

GS - Finance and Insurance

Goldman Sachs Group, Inc.

GS - Finance and Insurance
Market Cap $7.84B
P/E Ratio 13.0
Dividends 2.0%
Total Investment $20.39M
Weight 0.68%

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Verizon Communications Inc

VZ - Information

Verizon Communications Inc

VZ - Information
Market Cap $255.91B
P/E Ratio 11.8
Dividends 6.1%
Total Investment $20.12M
Weight 0.67%

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