DRV vs. VRAI
DRV (Direxion Daily Real Estate Bear 3x Shares) and VRAI (Virtus Real Asset Income ETF) are both REIT funds - DRV tracks the MSCI US REIT Index (-300%) while VRAI tracks the Indxx Real Asset Income Index. Both are passively managed. Over the past 5 years, DRV returned -15.39%/yr vs 6.17%/yr for VRAI. At a correlation of -0.70, they often move in opposite directions. DRV charges 1.08%/yr vs 0.55%/yr for VRAI.
Performance
DRV vs. VRAI - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -29.68% return, which is significantly lower than VRAI's 22.38% return.
DRV
- 1D
- -1.61%
- 1M
- 1.58%
- 6M
- -28.36%
- YTD
- -29.68%
- 1Y
- -24.84%
- 3Y*
- -21.19%
- 5Y*
- -15.39%
- 10Y*
- -28.03%
VRAI
- 1D
- 1.07%
- 1M
- -0.54%
- 6M
- 19.65%
- YTD
- 22.38%
- 1Y
- 23.17%
- 3Y*
- 11.00%
- 5Y*
- 6.17%
- 10Y*
- —
DRV vs. VRAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -29.68% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -29.95% |
VRAI Virtus Real Asset Income ETF | 22.38% | 6.67% | 2.66% | 6.12% | -9.96% | 24.35% | -5.94% | 6.05% |
Correlation
The correlation between DRV and VRAI is -0.59, 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 (1Y) Calculated over the trailing 1-year period | -0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | -0.70 |
The correlation between DRV and VRAI shifts across timeframes, from -0.70 (all time) to -0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRV vs. VRAI — Risk / Return Rank
DRV
VRAI
DRV vs. VRAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Virtus Real Asset Income ETF (VRAI). 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.
| DRV | VRAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.33 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 4.83 | -5.56 |
| Martin ratioReturn relative to average drawdown | -1.50 | 14.50 | -16.00 |
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Drawdowns
DRV vs. VRAI - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than VRAI's maximum drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for DRV and VRAI.
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Drawdown Indicators
| DRV | VRAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -47.51% | -52.48% |
Max Drawdown (1Y)Largest decline over 1 year | -34.33% | -4.82% | -29.51% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -16.89% | -55.66% |
Max Drawdown (5Y)Largest decline over 5 years | -74.91% | -26.71% | -48.20% |
Max Drawdown (10Y)Largest decline over 10 years | -97.48% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -0.54% | -99.45% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -9.98% | -87.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 1.62% | +14.99% |
Volatility
DRV vs. VRAI - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 15.36% compared to Virtus Real Asset Income ETF (VRAI) at 3.58%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than VRAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | VRAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 3.58% | +11.78% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 8.20% | +24.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 11.94% | +30.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 16.59% | +40.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 22.02% | +40.80% |
DRV vs. VRAI - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than VRAI's 0.55% expense ratio.
Dividends
DRV vs. VRAI - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.84%, more than VRAI's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.84% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% |
VRAI Virtus Real Asset Income ETF | 2.86% | 4.68% | 7.13% | 5.02% | 4.48% | 3.34% | 3.91% | 2.80% | 0.00% |
Frequently Asked Questions
DRV and VRAI have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (15.36%) compared to VRAI (3.58%). In terms of maximum drawdown, DRV dropped -99.99% vs VRAI's -47.51%.
On 5-year performance, VRAI leads with 6.17% vs -15.39% for DRV. On fees, VRAI is cheaper at 0.55% per year. On volatility, VRAI has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VRAI has performed better with a 6.17% return vs -15.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VRAI is cheaper with a 0.55% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.84%, compared with 2.86% for VRAI.
DRV tracks MSCI US REIT Index (-300%), while VRAI tracks Indxx Real Asset Income Index. They also come from different issuers: Direxion and Virtus Investment Partners. Their fees differ too: 1.08% for DRV and 0.55% for VRAI.
VRAI currently has the higher Sharpe Ratio (1.95 vs -0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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