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VNLA vs VRIG: Differences, Returns & Fees

On Jul 31, 2026 VNLA's duration was 0.8 years and VRIG's 0.3; VNLA charges 0.23% to VRIG's 0.30%. Net assets: $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF, and $1.9bn on Oct 20, 2026 for Invesco Variable Rate Investment Grade ETF.

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Answers cite the figures on this page.

VNLA costs 0.07 points a year less; their one-year returns differ by 0.7 points; VNLA is 1.8 times larger.

VNLA vs VRIG: Differences, Returns & Fees
VNLAVRIG
Expense ratio0.23%0.30%
Net assets, as of Jul 31, 2026$3.3bn$1.8bn
Total return, 1 year+3.6%+4.3%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common3%

Holdings in common uses holdings dated Jul 31, 2026.

+3.6%
VNLA total return, 1 year
+4.3%
VRIG total return, 1 year
0.23%
VNLA expense ratio
0.30%
VRIG expense ratio

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Client brief · page 1 of 2Report BR-EAB8603764

VNLA and VRIG are built for the same job. How do they differ in cost, holdings and results?

  1. Holdings in common. 3% of the weight is in the same securities (holdings dated Jul 31, 2026).
  2. What each follows (similar). Both follow No index, actively managed.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 VNLA returned +3.6% and VRIG +4.3% with distributions reinvested, a gap of 0.7 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, VNLA and VRIG hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

3% in common

Positions both hold, largest shared weight first
Holding VNLA VRIG
Mizuho Financial Group, Inc., due Jul 13, 2030 0.38% 0.43%
Connecticut Avenue Securities Trust, Series 2022-R03, Class 1M2, due Mar 25, 2042 0.37% 0.65%
BX Commercial Mortgage Trust, Series 2026-CSMO, Class A, due Feb 15, 2043 0.33% 0.33%
NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A, due Oct 15, 2040 0.31% 0.55%
Connecticut Avenue Securities Trust, Series 2022-R06, Class 1M2, due May 25, 2042 0.31% 0.86%
Morgan Stanley Bank NA, due May 10, 2030 0.24% 0.35%
Connecticut Avenue Securities Trust, Series 2022-R02, Class 2M2, due Jan 25, 2042 0.22% 0.71%
Freddie Mac Structured Agency Credit Risk Debt Notes REMIC Trust, Series 2021-DNA6, Class M2, due Oct 25, 2041 0.38% 0.20%
Connecticut Avenue Securities Trust, Series 2025-R05, Class 2M1, due Jul 25, 2045 0.12% 0.36%
Freddie Mac Structured Agency Credit Risk Debt Notes REMIC Trust, Series 2022-DNA3, Class M2, due Apr 25, 2042 0.56% 0.11%
LPL Holdings, Inc., due Apr 3, 2028 0.20% 0.09%
Freddie Mac Structured Agency Credit Risk Debt Notes REMIC Trust, Series 2025-HQA1, Class M1, due Feb 25, 2045 0.09% 0.40%
Only in VNLA
Global Payments, Inc., due Aug 3, 2026 1.59%
Antero Resources Corp., due Aug 3, 2026 1.48%
Morgan Stanley Bank NA, due Jan 14, 2028 1.31%
HCA, Inc., due Aug 3, 2026 1.04%
Ares Capital Corp., due Aug 24, 2026 0.93%
Fidelity National Information Services, Inc., due Aug 4, 2026 0.91%
Ares Capital Corp., due Aug 11, 2026 0.90%
Enbridge, Inc., due Aug 27, 2026 0.88%
Only in VRIG
U.S. Treasury Floating Rate Notes, due Apr 30, 2028 7.44%
U.S. Treasury Floating Rate Notes, due Oct 31, 2027 3.77%
U.S. Treasury Floating Rate Notes, due Apr 30, 2027 2.29%
U.S. Treasury Floating Rate Notes, due Jul 31, 2027 2.18%
U.S. Treasury Floating Rate Notes, due Jan 31, 2028 0.92%
Freddie Mac, Series 2022-DNA2, Class M2, due Feb 25, 2042 0.76%
Freddie Mac REMICs, due Feb 25, 2056 0.72%
OBX 2026-HE2 Trust, Series 2026-HE2, Class A1A, due Jun 25, 2056 0.68%

Check overlap with more funds →

On the same fields

VNLA
Janus Henderson Short Duration Income ETF
VRIG
Invesco Variable Rate Investment Grade ETF
Where it sits Bond ETF Bond ETF
Issuer Janus Henderson Invesco
What it is Actively managed Actively managed
Total return, 1 year +3.6% +4.3%
Its benchmark over the same days −1.9% (AGG) not measured
Gap to its benchmark +5.5 pts vs AGG not measured
Expense ratio 0.23% 0.30%
Holdings 336 363
Net assets, VNLA as of Jul 31, 2026 and VRIG as of Oct 20, 2026 $3.3bn $1.9bn

VNLA and VRIG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About VNLA

VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.

About VRIG

VRIG is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.30% a year.

Questions people ask

Which returned more over the last year, VNLA or VRIG?
In the year to Oct 20, 2026, with distributions reinvested, VNLA returned +3.6% and VRIG +4.3%.
Which is cheaper, VNLA or VRIG?
VNLA is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
VNLA vs XHLFTBUX vs VNLAIBTG vs VNLADUSB vs VNLAFLRN vs VRIGFLTR vs VRIGBSCQ vs VRIGIBDR vs VRIG
VNLA on its own →VRIG on its own →Hold both: look the portfolio through →Rankings →VNLA dividend history →VNLA holdings →VRIG dividend history →VRIG holdings →Standards and sources →
Where these figures came from
VNLA filings on SEC EDGAR ↗VNLA prospectus with the expense ratio (SEC) ↗Janus Henderson website ↗VRIG filings on SEC EDGAR ↗VRIG prospectus with the expense ratio (SEC) ↗Invesco page for VRIG ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, VNLA against VRIG, data as of Oct 20, 2026. https://etfiq.com/compare/any/vnla-vs-vrig

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.