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 -15.14%/yr vs 6.45%/yr for VRAI. Their -0.70 correlation means they have often moved in opposite directions in the past. 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 -31.44% return, which is significantly lower than VRAI's 23.82% return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
VRAI
- 1D
- 0.36%
- 1M
- 3.18%
- 6M
- 15.78%
- YTD
- 23.82%
- 1Y
- 28.43%
- 3Y*
- 11.24%
- 5Y*
- 6.45%
- 10Y*
- —
- ALL TIME*
- 6.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $50.02K | $41.94K | $48.53K |
DRV vs. VRAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -31.44% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -29.95% |
VRAI Virtus Real Asset Income ETF | 23.82% | 6.67% | 2.66% | 6.12% | -9.96% | 24.35% | -5.94% | 6.05% |
Correlation
The correlation between DRV and VRAI is -0.58, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.58 |
Correlation (3Y) Balances recent behavior with more history. | -0.63 |
Correlation (5Y) Shows whether the relationship held over a longer 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 -0.58 (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 | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.40 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 5.65 | -6.39 |
| Martin ratioReturn relative to average drawdown | -1.49 | 17.82 | -19.31 |
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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 | -37.53% | -4.82% | -32.71% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -16.89% | -57.00% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -26.71% | -49.42% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -1.17% | -98.82% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -9.91% | -87.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 1.53% | +16.93% |
Volatility
DRV vs. VRAI - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 13.26% compared to Virtus Real Asset Income ETF (VRAI) at 3.15%. 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 | 13.26% | 3.15% | +10.11% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 8.11% | +25.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 11.84% | +30.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 16.54% | +40.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 21.95% | +40.89% |
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 3.94%, more than VRAI's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.94% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% |
VRAI Virtus Real Asset Income ETF | 2.83% | 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 -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (13.26%) compared to VRAI (3.15%). In terms of maximum drawdown, DRV dropped -99.99% vs VRAI's -47.51%.
On 5-year performance, VRAI leads with 6.45% vs -15.14% for DRV. On fees, VRAI is cheaper at 0.55% per year. On volatility, VRAI has been the lower-risk option at 3.15%. 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 6.45% return vs -15.14%. 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 3.94%, compared with 2.83% 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. Their fees differ too: 1.08% for DRV and 0.55% for VRAI.
VRAI currently has the higher Sharpe Ratio (2.30 vs -0.66), 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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