DPRE vs. ASMF

Last updated Jul 8, 2026

DPRE (Virtus Duff & Phelps Real Estate Income ETF) and ASMF (Virtus AlphaSimplex Managed Futures ETF) are both exchange-traded funds - DPRE is a REIT fund actively managed by Virtus, while ASMF is a Systematic Trend fund actively managed by Virtus. Both are actively managed. At a correlation of -0.40, they often move in opposite directions. DPRE charges 0.59%/yr vs 0.80%/yr for ASMF.

Performance

DPRE vs. ASMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Duff & Phelps Real Estate Income ETF (DPRE) and Virtus AlphaSimplex Managed Futures ETF (ASMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DPRE

• 1D: -0.29%
• 1M: 2.73%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMF

• 1D: -0.43%
• 1M: -0.55%
• 6M: 3.90%
• YTD: 6.62%
• 1Y: 13.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DPRE vs. ASMF - Yearly Performance Comparison

	2026 (YTD)
DPRE Virtus Duff & Phelps Real Estate Income ETF	6.08%
ASMF Virtus AlphaSimplex Managed Futures ETF	0.70%

Correlation

The correlation between DPRE and ASMF is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	-0.40

Return for Risk

DPRE vs. ASMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DPRE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ASMF

ASMF Risk / Return Rank: 45
ASMF Sharpe Ratio Rank: 38
ASMF Sortino Ratio Rank: 35
ASMF Omega Ratio Rank: 37
ASMF Calmar Ratio Rank: 67
ASMF Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DPRE vs. ASMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Real Estate Income ETF (DPRE) and Virtus AlphaSimplex Managed Futures ETF (ASMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DPRE	ASMF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.18	—
Sortino ratio: Return per unit of downside risk	—	1.66	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	2.73	—
Martin ratio: Return relative to average drawdown	—	6.44	—

Drawdowns

DPRE vs. ASMF - Drawdown Comparison

The maximum DPRE drawdown since its inception was -3.57%, smaller than the maximum ASMF drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for DPRE and ASMF.

Drawdown Indicators

	DPRE	ASMF	Difference
Max Drawdown Largest peak-to-trough decline	-3.57%	-15.31%	+11.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.02%	—
Current Drawdown Current decline from peak	-0.98%	-3.84%	+2.86%
Average Drawdown Average peak-to-trough decline	-0.87%	-7.41%	+6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.12%	—

Volatility

Volatility by Period

	DPRE	ASMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	11.58%	+4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	10.99%	+5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	10.99%	+5.12%

DPRE vs. ASMF - Expense Ratio Comparison

DPRE has a 0.59% expense ratio, which is lower than ASMF's 0.80% expense ratio.

Dividends

DPRE vs. ASMF - Dividend Comparison

DPRE's dividend yield for the trailing twelve months is around 0.59%, more than ASMF's 0.20% yield.

Position	TTM	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	0.20%	0.22%	1.66%
DPRE Virtus Duff & Phelps Real Estate Income ETF	0.59%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DPRE and ASMF in my portfolio?

DPRE and ASMF have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DPRE or ASMF?

On fees, DPRE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DPRE or ASMF?

DPRE is cheaper with a 0.59% expense ratio, compared with 0.80% for ASMF.

Which ETF pays a higher dividend yield, DPRE or ASMF?

DPRE has the higher dividend yield at 0.59%, compared with 0.20% for ASMF.

What is the main difference between DPRE and ASMF?

DPRE is categorized as REIT, while ASMF is Systematic Trend. Their fees differ too: 0.59% for DPRE and 0.80% for ASMF.