diff --git a/pcsx2-qt/QtHost.cpp b/pcsx2-qt/QtHost.cpp
index 5587e929c65e7a..6f2473e6720ecd 100644
--- a/pcsx2-qt/QtHost.cpp
+++ b/pcsx2-qt/QtHost.cpp
@@ -1052,14 +1052,14 @@ void EmuThread::updatePerformanceMetrics(bool force)
 		if (gfps != m_last_game_fps || force)
 		{
 			QMetaObject::invokeMethod(g_main_window->getStatusFPSWidget(), "setText", Qt::QueuedConnection,
-				Q_ARG(const QString&, tr("Game: %1 FPS").arg(gfps, 0, 'f', 0)));
+				Q_ARG(const QString&, tr("FPS: %1").arg(gfps, 0, 'f', 0)));
 			m_last_game_fps = gfps;
 		}
 
 		if (speed != m_last_speed || vfps != m_last_video_fps || force)
 		{
 			QMetaObject::invokeMethod(g_main_window->getStatusVPSWidget(), "setText", Qt::QueuedConnection,
-				Q_ARG(const QString&, tr("Video: %1 FPS (%2%)").arg(vfps, 0, 'f', 0).arg(speed, 0, 'f', 0)));
+				Q_ARG(const QString&, tr("VPS: %1 (%2%) ").arg(vfps, 0, 'f', 0).arg(speed, 0, 'f', 0)));
 			m_last_speed = speed;
 			m_last_video_fps = vfps;
 		}
diff --git a/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp b/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp
index bd94ec439959de..f01b2d685e55d4 100644
--- a/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp
+++ b/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp
@@ -117,6 +117,7 @@ GraphicsSettingsWidget::GraphicsSettingsWidget(SettingsWindow* dialog, QWidget*
 	SettingWidgetBinder::BindWidgetToIntSetting(sif, m_ui.osdPerformancePos, "EmuCore/GS", "OsdPerformancePos", static_cast<int>(OsdOverlayPos::TopRight));
 	SettingWidgetBinder::BindWidgetToBoolSetting(sif, m_ui.osdShowSpeed, "EmuCore/GS", "OsdShowSpeed", false);
 	SettingWidgetBinder::BindWidgetToBoolSetting(sif, m_ui.osdShowFPS, "EmuCore/GS", "OsdShowFPS", false);
+	SettingWidgetBinder::BindWidgetToBoolSetting(sif, m_ui.osdShowVPS, "EmuCore/GS", "OsdShowVPS", false);
 	SettingWidgetBinder::BindWidgetToBoolSetting(sif, m_ui.osdShowCPU, "EmuCore/GS", "OsdShowCPU", false);
 	SettingWidgetBinder::BindWidgetToBoolSetting(sif, m_ui.osdShowGPU, "EmuCore/GS", "OsdShowGPU", false);
 	SettingWidgetBinder::BindWidgetToBoolSetting(sif, m_ui.osdShowResolution, "EmuCore/GS", "OsdShowResolution", false);
@@ -719,6 +720,9 @@ GraphicsSettingsWidget::GraphicsSettingsWidget(SettingsWindow* dialog, QWidget*
 		dialog->registerWidgetHelp(m_ui.osdShowFPS, tr("Show FPS"), tr("Unchecked"),
 			tr("Shows the internal frame rate of the game in the top-right corner of the display."));
 
+		dialog->registerWidgetHelp(m_ui.osdShowVPS, tr("Show VPS"), tr("Unchecked"),
+			tr("Shows the vsync rate of the emulator in the top-right corner of the display."));
+
 		dialog->registerWidgetHelp(m_ui.osdShowSpeed, tr("Show Speed Percentages"), tr("Unchecked"),
 			tr("Shows the current emulation speed of the system in the top-right corner of the display as a percentage."));
 
diff --git a/pcsx2-qt/Settings/GraphicsSettingsWidget.ui b/pcsx2-qt/Settings/GraphicsSettingsWidget.ui
index 220815443a8fab..6bd11fcb30fc02 100644
--- a/pcsx2-qt/Settings/GraphicsSettingsWidget.ui
+++ b/pcsx2-qt/Settings/GraphicsSettingsWidget.ui
@@ -1622,24 +1622,10 @@
           </item>
           <item row="3" column="0" colspan="2">
            <layout class="QGridLayout" name="osdOptionLayout">
-            <item row="0" column="0">
-             <widget class="QCheckBox" name="osdShowResolution">
-              <property name="text">
-               <string>Show Resolution</string>
-              </property>
-             </widget>
-            </item>
-            <item row="0" column="1">
-             <widget class="QCheckBox" name="osdShowFPS">
-              <property name="text">
-               <string>Show FPS</string>
-              </property>
-             </widget>
-            </item>
-            <item row="5" column="0">
-             <widget class="QCheckBox" name="osdShowFrameTimes">
+            <item row="6" column="1">
+             <widget class="QCheckBox" name="osdShowVideoCapture">
               <property name="text">
-               <string>Show Frame Times</string>
+               <string>Show Video Capture Status</string>
               </property>
              </widget>
             </item>
@@ -1650,24 +1636,17 @@
               </property>
              </widget>
             </item>
-            <item row="4" column="1">
-             <widget class="QCheckBox" name="osdShowInputs">
-              <property name="text">
-               <string>Show Inputs</string>
-              </property>
-             </widget>
-            </item>
-            <item row="3" column="1">
-             <widget class="QCheckBox" name="osdShowSettings">
+            <item row="5" column="1">
+             <widget class="QCheckBox" name="osdShowInputRec">
               <property name="text">
-               <string>Show Settings</string>
+               <string>Show Input Recording Status</string>
               </property>
              </widget>
             </item>
-            <item row="3" column="0">
-             <widget class="QCheckBox" name="osdShowIndicators">
+            <item row="4" column="1">
+             <widget class="QCheckBox" name="osdShowInputs">
               <property name="text">
-               <string>Show Indicators</string>
+               <string>Show Inputs</string>
               </property>
              </widget>
             </item>
@@ -1685,24 +1664,31 @@
               </property>
              </widget>
             </item>
-            <item row="2" column="0">
-             <widget class="QCheckBox" name="osdShowVersion">
+            <item row="5" column="0">
+             <widget class="QCheckBox" name="osdShowFrameTimes">
               <property name="text">
-               <string>Show PCSX2 Version</string>
+               <string>Show Frame Times</string>
               </property>
              </widget>
             </item>
-            <item row="5" column="1">
-             <widget class="QCheckBox" name="osdShowInputRec">
+            <item row="3" column="1">
+             <widget class="QCheckBox" name="osdShowSettings">
               <property name="text">
-               <string>Show Input Recording Status</string>
+               <string>Show Settings</string>
               </property>
              </widget>
             </item>
-            <item row="6" column="1">
-             <widget class="QCheckBox" name="osdShowVideoCapture">
+            <item row="7" column="0">
+             <widget class="QCheckBox" name="warnAboutUnsafeSettings">
               <property name="text">
-               <string>Show Video Capture Status</string>
+               <string>Warn About Unsafe Settings</string>
+              </property>
+             </widget>
+            </item>
+            <item row="3" column="0">
+             <widget class="QCheckBox" name="osdShowIndicators">
+              <property name="text">
+               <string>Show Indicators</string>
               </property>
              </widget>
             </item>
@@ -1720,10 +1706,31 @@
               </property>
              </widget>
             </item>
-            <item row="7" column="0">
-             <widget class="QCheckBox" name="warnAboutUnsafeSettings">
+            <item row="0" column="1">
+             <widget class="QCheckBox" name="osdShowFPS">
               <property name="text">
-               <string>Warn About Unsafe Settings</string>
+               <string>Show FPS</string>
+              </property>
+             </widget>
+            </item>
+            <item row="7" column="1">
+             <widget class="QCheckBox" name="osdShowVersion">
+              <property name="text">
+               <string>Show PCSX2 Version</string>
+              </property>
+             </widget>
+            </item>
+            <item row="2" column="0">
+             <widget class="QCheckBox" name="osdShowResolution">
+              <property name="text">
+               <string>Show Resolution</string>
+              </property>
+             </widget>
+            </item>
+            <item row="0" column="0">
+             <widget class="QCheckBox" name="osdShowVPS">
+              <property name="text">
+               <string>Show VPS</string>
               </property>
              </widget>
             </item>
diff --git a/pcsx2/Config.h b/pcsx2/Config.h
index 3b12a969482a30..8d6daaabe7d7e6 100644
--- a/pcsx2/Config.h
+++ b/pcsx2/Config.h
@@ -619,6 +619,7 @@ struct Pcsx2Config
 					SkipDuplicateFrames : 1,
 					OsdShowSpeed : 1,
 					OsdShowFPS : 1,
+					OsdShowVPS : 1,
 					OsdShowCPU : 1,
 					OsdShowGPU : 1,
 					OsdShowResolution : 1,
diff --git a/pcsx2/ImGui/ImGuiOverlays.cpp b/pcsx2/ImGui/ImGuiOverlays.cpp
index c997fcec46db31..1c803d5efba81c 100644
--- a/pcsx2/ImGui/ImGuiOverlays.cpp
+++ b/pcsx2/ImGui/ImGuiOverlays.cpp
@@ -132,41 +132,46 @@ __ri void ImGuiManager::DrawPerformanceOverlay(float& position_y, float scale, f
 			switch (PerformanceMetrics::GetInternalFPSMethod())
 			{
 				case PerformanceMetrics::InternalFPSMethod::GSPrivilegedRegister:
-					text.append_format("G: {:.2f} [P] | V: {:.2f}", PerformanceMetrics::GetInternalFPS(),
+					text.append_format("FPS: {:.2f} [P]", PerformanceMetrics::GetInternalFPS(),
 						PerformanceMetrics::GetFPS());
 					break;
 
 				case PerformanceMetrics::InternalFPSMethod::DISPFBBlit:
-					text.append_format("G: {:.2f} [B] | V: {:.2f}", PerformanceMetrics::GetInternalFPS(),
+					text.append_format("FPS: {:.2f} [B]", PerformanceMetrics::GetInternalFPS(),
 						PerformanceMetrics::GetFPS());
 					break;
 
 				case PerformanceMetrics::InternalFPSMethod::None:
 				default:
-					text.append_format("V: {:.2f}", PerformanceMetrics::GetFPS());
+					text.append_format("FPS: {:.2f}", PerformanceMetrics::GetFPS());
 					break;
 			}
 			first = false;
 		}
 
+		if (GSConfig.OsdShowVPS)
+		{
+			text.append_format("{}VPS: {:.2f}", first ? "" : " | ", PerformanceMetrics::GetFPS(),
+				PerformanceMetrics::GetFPS());
+			first = false;
+		}
+
 		if (GSConfig.OsdShowSpeed)
 		{
-			text.append_format("{}{}%", first ? "" : " | ", static_cast<u32>(std::round(speed)));
+			text.append_format("{}Speed: {}%", first ? "" : " | ", static_cast<u32>(std::round(speed)));
 
 			const float target_speed = VMManager::GetTargetSpeed();
 			if (target_speed == 0.0f)
-				text.append(" (Max)");
+				text.append(" (T: Max)");
 			else
-				text.append_format(" ({:.0f}%)", target_speed * 100.0f);
+				text.append_format(" (T: {:.0f}%)", target_speed * 100.0f);
+			first = false;
 		}
 
 		if (GSConfig.OsdShowVersion)
 		{
-			if (GSConfig.OsdShowFPS || GSConfig.OsdShowSpeed)
-			{
-				text.append_format(" | ");
-			}
-			text.append_format("PCSX2 {}", GIT_REV);
+			text.append_format("{}PCSX2 {}", first ? "" : " | ", GIT_REV);
+			first = false;
 		}
 
 		if (!text.empty())
diff --git a/pcsx2/Pcsx2Config.cpp b/pcsx2/Pcsx2Config.cpp
index fc87c91c994756..3e112c93c8bb98 100644
--- a/pcsx2/Pcsx2Config.cpp
+++ b/pcsx2/Pcsx2Config.cpp
@@ -624,6 +624,7 @@ Pcsx2Config::GSOptions::GSOptions()
 	OsdPerformancePos = OsdOverlayPos::TopRight;
 	OsdShowSpeed = false;
 	OsdShowFPS = false;
+	OsdShowVPS = false;
 	OsdShowCPU = false;
 	OsdShowGPU = false;
 	OsdShowResolution = false;
@@ -834,6 +835,7 @@ void Pcsx2Config::GSOptions::LoadSave(SettingsWrapper& wrap)
 	SettingsWrapBitBool(SkipDuplicateFrames);
 	SettingsWrapBitBool(OsdShowSpeed);
 	SettingsWrapBitBool(OsdShowFPS);
+	SettingsWrapBitBool(OsdShowVPS);
 	SettingsWrapBitBool(OsdShowCPU);
 	SettingsWrapBitBool(OsdShowGPU);
 	SettingsWrapBitBool(OsdShowResolution);