VRP ETF Analysis: Variable Rate Preferred | NYSE
Preferred Stock | NYSE, USA | Market Cap: 3.035m USD | 12M Return: 1.9% | US46138G8704 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.7M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Invesco Variable Rate Preferred ETF (VRP) is a passively managed fund that seeks to track a market capitalization-weighted index composed primarily of U.S. dollar-denominated floating and variable rate preferred stocks, along with certain hybrid securities. Under normal conditions, the fund invests at least 90% of its total assets in the indexs components and American Depositary Receipts (ADRs) representing those securities. The underlying index includes both investment grade and below investment grade issues, and the fund operates as a non-diversified portfolio.
Unlike traditional fixed-rate preferred stock ETFs, VRP focuses on variable and floating rate preferreds, meaning the dividend payments on the underlying holdings typically adjust with prevailing interest rates, providing some protection against rising rate environments. The ETF targets the preferred stock segment of the fixed income market, offering investors exposure to a specialized income-generating asset class that sits between common equity and senior debt in a companys capital structure.
- Fed rate hikes boost variable rate preferred dividend yields
- Credit spreads widen as preferred default risk rises
- Bank preferred issuance surges amid regulatory capital requirements
As of October 05, 2026, the stock is trading at USD 23.71 with a total of 411,059 shares traded. Over the past week, the price has changed by -0.29%, over one month by -1.23%, over three months by -1.68% and over the past year by +1.86%.
Current recommended Stop Loss: 23.50 (which is 0.9% or 2.1 ATR below the current price).
Variable Rate Preferred has no consensus analysts rating.