PHRAX vs. USRT
Compare and contrast key facts about Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) and iShares Core U.S. REIT ETF (USRT).
PHRAX is managed by Virtus. It was launched on Mar 1, 1995. USRT is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT Equity REITs Index. It was launched on May 4, 2007.
Performance
PHRAX vs. USRT - Performance Comparison
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PHRAX vs. USRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 2.88% | 0.23% | 10.15% | 10.98% | -26.33% | 46.79% | -1.98% | 27.09% | -7.41% | 5.65% |
USRT iShares Core U.S. REIT ETF | 4.27% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
Returns By Period
In the year-to-date period, PHRAX achieves a 2.88% return, which is significantly lower than USRT's 4.27% return. Both investments have delivered pretty close results over the past 10 years, with PHRAX having a 5.34% annualized return and USRT not far ahead at 5.42%.
PHRAX
- 1D
- 0.28%
- 1M
- -7.06%
- YTD
- 2.88%
- 6M
- 0.85%
- 1Y
- 2.95%
- 3Y*
- 6.97%
- 5Y*
- 4.76%
- 10Y*
- 5.34%
USRT
- 1D
- 1.42%
- 1M
- -6.02%
- YTD
- 4.27%
- 6M
- 2.38%
- 1Y
- 5.82%
- 3Y*
- 8.72%
- 5Y*
- 5.12%
- 10Y*
- 5.42%
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PHRAX vs. USRT - Expense Ratio Comparison
PHRAX has a 1.36% expense ratio, which is higher than USRT's 0.08% expense ratio.
Return for Risk
PHRAX vs. USRT — Risk / Return Rank
PHRAX
USRT
PHRAX vs. USRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) and iShares Core U.S. REIT ETF (USRT). 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.
| PHRAX | USRT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.35 | -0.11 |
Sortino ratioReturn per unit of downside risk | 0.44 | 0.59 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.53 | -0.22 |
Martin ratioReturn relative to average drawdown | 1.23 | 2.23 | -1.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHRAX | USRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.35 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.27 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.26 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.17 | +0.22 |
Correlation
The correlation between PHRAX and USRT is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PHRAX vs. USRT - Dividend Comparison
PHRAX's dividend yield for the trailing twelve months is around 5.75%, more than USRT's 2.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 5.75% | 5.93% | 8.39% | 12.35% | 11.12% | 4.45% | 5.58% | 21.34% | 19.03% | 18.54% | 21.22% | 20.04% |
USRT iShares Core U.S. REIT ETF | 2.89% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Drawdowns
PHRAX vs. USRT - Drawdown Comparison
The maximum PHRAX drawdown since its inception was -72.56%, roughly equal to the maximum USRT drawdown of -69.91%. Use the drawdown chart below to compare losses from any high point for PHRAX and USRT.
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Drawdown Indicators
| PHRAX | USRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.56% | -69.91% | -2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.95% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -33.51% | -31.03% | -2.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.00% | -44.38% | +2.38% |
Current DrawdownCurrent decline from peak | -7.57% | -6.38% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -13.08% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.09% | +0.02% |
Volatility
PHRAX vs. USRT - Volatility Comparison
The current volatility for Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) is 4.20%, while iShares Core U.S. REIT ETF (USRT) has a volatility of 4.44%. This indicates that PHRAX experiences smaller price fluctuations and is considered to be less risky than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHRAX | USRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.44% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 9.21% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 16.84% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 18.92% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 21.28% | -0.31% |