IQRA vs. VRAI

Last updated Jun 24, 2026

IQRA (IQ CBRE Real Assets ETF) and VRAI (Virtus Real Asset Income ETF) are both REIT funds. IQRA is actively managed, while VRAI is passively managed. Over the past 3 years, IQRA returned 11.46%/yr vs 12.35%/yr for VRAI. A 0.72 correlation means they provide meaningful diversification when combined. IQRA charges 0.65%/yr vs 0.55%/yr for VRAI.

Performance

IQRA vs. VRAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ CBRE Real Assets ETF (IQRA) and Virtus Real Asset Income ETF (VRAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQRA achieves a 8.27% return, which is significantly lower than VRAI's 20.17% return.

IQRA

• 1D: 0.59%
• 1M: -0.63%
• YTD: 8.27%
• 6M: 8.38%
• 1Y: 12.86%
• 3Y*: 11.46%
• 5Y*: —
• 10Y*: —

VRAI

• 1D: 0.52%
• 1M: -1.36%
• YTD: 20.17%
• 6M: 20.99%
• 1Y: 22.60%
• 3Y*: 12.35%
• 5Y*: 5.71%
• 10Y*: —

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

IQRA vs. VRAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IQRA IQ CBRE Real Assets ETF	8.27%	12.42%	5.58%	2.80%
VRAI Virtus Real Asset Income ETF	20.17%	6.67%	2.66%	2.68%

Correlation

The correlation between IQRA and VRAI is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 10, 2023	0.72

The correlation between IQRA and VRAI shifts across timeframes, from 0.59 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IQRA vs. VRAI — Risk / Return Rank

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

IQRA

IQRA Risk / Return Rank: 35
IQRA Sharpe Ratio Rank: 36
IQRA Sortino Ratio Rank: 33
IQRA Omega Ratio Rank: 34
IQRA Calmar Ratio Rank: 34
IQRA Martin Ratio Rank: 37

VRAI

VRAI Risk / Return Rank: 70
VRAI Sharpe Ratio Rank: 61
VRAI Sortino Ratio Rank: 63
VRAI Omega Ratio Rank: 57
VRAI Calmar Ratio Rank: 88
VRAI Martin Ratio Rank: 79

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.

IQRA vs. VRAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ CBRE Real Assets ETF (IQRA) 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.

	IQRA	VRAI	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.90	-0.70
Sortino ratio: Return per unit of downside risk	1.64	2.71	-1.06
Omega ratio: Gain probability vs. loss probability	1.21	1.33	-0.11
Calmar ratio: Return relative to maximum drawdown	1.61	4.71	-3.10
Martin ratio: Return relative to average drawdown	5.28	14.54	-9.26

IQRA vs. VRAI - Sharpe Ratio Comparison

The current IQRA Sharpe Ratio is 1.20, which is lower than the VRAI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of IQRA 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.

Drawdowns

IQRA vs. VRAI - Drawdown Comparison

The maximum IQRA drawdown since its inception was -15.70%, smaller than the maximum VRAI drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for IQRA and VRAI.

Drawdown Indicators

	IQRA	VRAI	Difference
Max Drawdown Largest peak-to-trough decline	-15.70%	-47.51%	+31.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-4.82%	-3.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.70%	-16.89%	+1.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.71%	—
Current Drawdown Current decline from peak	-2.97%	-2.34%	-0.63%
Average Drawdown Average peak-to-trough decline	-3.15%	-10.03%	+6.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	1.56%	+0.88%

Volatility

IQRA vs. VRAI - Volatility Comparison

IQ CBRE Real Assets ETF (IQRA) has a higher volatility of 3.73% compared to Virtus Real Asset Income ETF (VRAI) at 3.28%. This indicates that IQRA'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.

Volatility by Period

	IQRA	VRAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.28%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	8.60%	8.29%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	10.83%	11.99%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	16.61%	-3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.85%	22.07%	-9.22%

IQRA vs. VRAI - Expense Ratio Comparison

IQRA has a 0.65% expense ratio, which is higher than VRAI's 0.55% expense ratio.

Dividends

IQRA vs. VRAI - Dividend Comparison

IQRA's dividend yield for the trailing twelve months is around 2.70%, less than VRAI's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IQRA IQ CBRE Real Assets ETF	2.70%	2.83%	3.53%	2.14%	0.00%	0.00%	0.00%	0.00%
VRAI Virtus Real Asset Income ETF	2.92%	4.68%	7.13%	5.02%	4.48%	3.34%	3.91%	2.80%

Frequently Asked Questions

Can I hold both IQRA and VRAI in my portfolio?

IQRA 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.

Which is riskier, IQRA or VRAI?

IQRA has higher volatility (3.73%) compared to VRAI (3.28%). In terms of maximum drawdown, IQRA dropped -15.70% vs VRAI's -47.51%.

Which ETF is better, IQRA or VRAI?

On 3-year performance, VRAI leads with 12.35% vs 11.46% for IQRA. On fees, VRAI is cheaper at 0.55% per year. On volatility, VRAI has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQRA or VRAI?

Over the 3-year period, VRAI has performed better with a 12.35% return vs 11.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQRA or VRAI?

VRAI is cheaper with a 0.55% expense ratio, compared with 0.65% for IQRA.

Which ETF pays a higher dividend yield, IQRA or VRAI?

VRAI has the higher dividend yield at 2.92%, compared with 2.70% for IQRA.

What is the main difference between IQRA and VRAI?

They also come from different issuers: IndexIQ and Virtus Investment Partners. Their fees differ too: 0.65% for IQRA and 0.55% for VRAI.

Which has better risk-adjusted returns?

VRAI currently has the higher Sharpe Ratio (1.90 vs 1.20), 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.