Current-controlled variable inductors adjust the inductance of an alternating current (ac) coil by applying a controlled dc current to saturate the iron cores of the ac coil. The controlled dc current has to be maintained during operation, which results in increased power losses. This paper presents a new stress-based variable inductor to control inductance using the inverse magnetostrictive effect of a magnetostrictive material. The stress can be applied by a piezoelectrical material, and thus a voltage-controlled variable inductor can be realized with zero-power consumption. The new stress-based variable inductor concept is validated using a 3-D finite-element analysis. A prototype was manufactured, and the experimental results are presented. A linear relationship between inductance and applied stress can be achieved.