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ICF vs. VRAI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ICF vs. VRAI

Last updated Jun 4, 2026

ICF (iShares Cohen & Steers REIT ETF) and VRAI (Virtus Real Asset Income ETF) are both REIT funds - ICF tracks the Cohen & Steers Realty Majors Index while VRAI tracks the Indxx Real Asset Income Index. Both are passively managed. Over the past 5 years, ICF returned 3.01%/yr vs 5.40%/yr for VRAI. A 0.66 correlation means they provide meaningful diversification when combined. ICF charges 0.34%/yr vs 0.55%/yr for VRAI.

Performance

ICF vs. VRAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Cohen & Steers REIT ETF (ICF) and Virtus Real Asset Income ETF (VRAI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ICF achieves a 12.19% return, which is significantly lower than VRAI's 21.11% return.

ICF

1D
0.17%
1M
-0.92%
YTD
12.19%
6M
11.56%
1Y
11.29%
3Y*
10.12%
5Y*
3.01%
10Y*
5.54%

VRAI

1D
-0.11%
1M
-0.41%
YTD
21.11%
6M
17.67%
1Y
26.70%
3Y*
11.98%
5Y*
5.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ICF vs. VRAI - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ICF
iShares Cohen & Steers REIT ETF		12.19%1.85%5.30%10.36%-26.12%44.17%-5.43%12.23%
VRAI
Virtus Real Asset Income ETF		21.11%6.67%2.66%6.12%-9.96%24.35%-5.94%5.61%

Correlation

The correlation between ICF and VRAI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2019

0.66

The correlation between ICF and VRAI shifts across timeframes, from 0.54 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

ICF vs. VRAI - Sectors Allocation Comparison

Sectors
ICF
VRAI

Real Estate

100.0%
33.6%

Basic Materials

-

7.7%

Communication Services

-

2.7%

Consumer Cyclical

-

-

Consumer Defensive

-

1.9%

Energy

-

32.4%

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

1.3%

Utilities

-

18.0%

Real Estate

ICF
100.0%
VRAI
33.6%

Basic Materials

ICF

-

VRAI
7.7%

Communication Services

ICF

-

VRAI
2.7%

Consumer Cyclical

ICF

-

VRAI

-

Consumer Defensive

ICF

-

VRAI
1.9%

Energy

ICF

-

VRAI
32.4%

Financial Services

ICF

-

VRAI

-

Healthcare

ICF

-

VRAI

-

Industrials

ICF

-

VRAI

-

Technology

ICF

-

VRAI
1.3%

Utilities

ICF

-

VRAI
18.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Cohen & Steers REIT ETF

Virtus Real Asset Income ETF

Often compared with ICF:
ICF vs. VNQICF vs. USRTICF vs. IYRICF vs. FRELICF vs. ICFIICF vs. SDIVICF vs. XLRE
Often compared with VRAI:
VRAI vs. VNQVRAI vs. BRIIXVRAI vs. STLGVRAI vs. REITVRAI vs. USRTVRAI vs. AMLPVRAI vs. VNQI

Return for Risk

ICF vs. VRAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ICF
ICF Risk / Return Rank: 2525
Overall Rank
ICF Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ICF Sortino Ratio Rank: 2222
Sortino Ratio Rank
ICF Omega Ratio Rank: 2222
Omega Ratio Rank
ICF Calmar Ratio Rank: 2828
Calmar Ratio Rank
ICF Martin Ratio Rank: 2828
Martin Ratio Rank
VRAI
VRAI Risk / Return Rank: 7676
Overall Rank
VRAI Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VRAI Sortino Ratio Rank: 7070
Sortino Ratio Rank
VRAI Omega Ratio Rank: 6565
Omega Ratio Rank
VRAI Calmar Ratio Rank: 9090
Calmar Ratio Rank
VRAI Martin Ratio Rank: 8585
Martin Ratio Rank
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.

ICF vs. VRAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cohen & Steers REIT ETF (ICF) 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.

ICFVRAIDifference
Sharpe ratioReturn per unit of total volatility
0.84
2.27

-1.43

Sortino ratioReturn per unit of downside risk
1.20
3.22

-2.02

Omega ratioGain probability vs. loss probability

1.15

1.39

-0.24

Calmar ratioReturn relative to maximum drawdown

1.38

5.57

-4.18

Martin ratioReturn relative to average drawdown

3.92

17.57

-13.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICF vs. VRAI - Sharpe Ratio Comparison

The current ICF Sharpe Ratio is 0.84, which is lower than the VRAI Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of ICF and VRAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ICFVRAIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

2.27

-1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

0.33

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.29

+0.03

Drawdowns

ICF vs. VRAI - Drawdown Comparison

The maximum ICF drawdown since its inception was -76.74%, which is greater than VRAI's maximum drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for ICF and VRAI.

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Drawdown Indicators

ICFVRAIDifference

Max Drawdown

Largest peak-to-trough decline

-76.74%

-47.51%

-29.23%

Max Drawdown (1Y)

Largest decline over 1 year

-8.20%

-4.82%

-3.38%

Max Drawdown (3Y)

Largest decline over 3 years

-17.25%

-16.89%

-0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-34.74%

-26.71%

-8.03%

Max Drawdown (10Y)

Largest decline over 10 years

-40.22%

—

—

Current Drawdown

Current decline from peak

-2.67%

-1.02%

-1.65%

Average Drawdown

Average peak-to-trough decline

-14.18%

-10.10%

-4.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

1.53%

+1.35%

Volatility

ICF vs. VRAI - Volatility Comparison

iShares Cohen & Steers REIT ETF (ICF) has a higher volatility of 3.71% compared to Virtus Real Asset Income ETF (VRAI) at 3.50%. This indicates that ICF'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

ICFVRAIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.71%

3.50%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

9.85%

8.45%

+1.40%

Volatility (1Y)

Calculated over the trailing 1-year period

13.57%

11.86%

+1.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.91%

16.64%

+2.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.58%

22.13%

-1.55%

ICF vs. VRAI - Expense Ratio Comparison

ICF has a 0.34% expense ratio, which is lower than VRAI's 0.55% expense ratio.

Dividends

ICF vs. VRAI - Dividend Comparison

ICF's dividend yield for the trailing twelve months is around 2.48%, less than VRAI's 3.23% yield.

PositionTTM20252024202320222021202020192018201720162015
ICF
iShares Cohen & Steers REIT ETF		2.48%2.88%2.66%2.76%2.64%1.82%2.38%2.55%3.20%3.10%4.21%3.30%
VRAI
Virtus Real Asset Income ETF		3.23%4.68%7.13%5.02%4.48%3.34%3.91%2.80%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ICF and VRAI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ICF has higher volatility (3.71%) compared to VRAI (3.50%). In terms of maximum drawdown, ICF dropped -76.74% vs VRAI's -47.51%.

On 5-year performance, VRAI leads with 5.40% vs 3.01% for ICF. On fees, ICF is cheaper at 0.34% per year. On volatility, VRAI has been the lower-risk option at 3.50%. 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 5.40% return vs 3.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ICF is cheaper with a 0.34% expense ratio, compared with 0.55% for VRAI.

VRAI has the higher dividend yield at 3.23%, compared with 2.48% for ICF.

ICF tracks Cohen & Steers Realty Majors Index, while VRAI tracks Indxx Real Asset Income Index. They also come from different issuers: iShares and Virtus Investment Partners. Their fees differ too: 0.34% for ICF and 0.55% for VRAI.

VRAI currently has the higher Sharpe Ratio (2.27 vs 0.84), 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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