PSR vs. VRAI

Last updated Jun 24, 2026

PSR (Invesco Active U.S. Real Estate Fund) and VRAI (Virtus Real Asset Income ETF) are both REIT funds. PSR is actively managed, while VRAI is passively managed. Over the past 5 years, PSR returned 2.80%/yr vs 5.71%/yr for VRAI. A 0.69 correlation means they provide meaningful diversification when combined. PSR charges 0.35%/yr vs 0.55%/yr for VRAI.

Performance

PSR vs. VRAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Active U.S. Real Estate Fund (PSR) 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, PSR achieves a 16.36% return, which is significantly lower than VRAI's 20.17% return.

PSR

• 1D: 1.41%
• 1M: 1.61%
• YTD: 16.36%
• 6M: 16.93%
• 1Y: 14.68%
• 3Y*: 11.12%
• 5Y*: 2.80%
• 10Y*: 5.88%

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)

PSR vs. VRAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PSR Invesco Active U.S. Real Estate Fund	16.36%	2.63%	1.79%	8.34%	-25.52%	41.71%	-6.04%	14.96%
VRAI Virtus Real Asset Income ETF	20.17%	6.67%	2.66%	6.12%	-9.96%	24.35%	-5.94%	6.05%

Correlation

The correlation between PSR and VRAI is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019	0.69

The correlation between PSR and VRAI shifts across timeframes, from 0.57 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PSR vs. VRAI — Risk / Return Rank

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

PSR

PSR Risk / Return Rank: 33
PSR Sharpe Ratio Rank: 31
PSR Sortino Ratio Rank: 29
PSR Omega Ratio Rank: 30
PSR Calmar Ratio Rank: 38
PSR 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.

PSR vs. VRAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) 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.

	PSR	VRAI	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.90	-0.82
Sortino ratio: Return per unit of downside risk	1.50	2.71	-1.21
Omega ratio: Gain probability vs. loss probability	1.19	1.33	-0.13
Calmar ratio: Return relative to maximum drawdown	1.77	4.71	-2.94
Martin ratio: Return relative to average drawdown	5.53	14.54	-9.02

PSR vs. VRAI - Sharpe Ratio Comparison

The current PSR Sharpe Ratio is 1.07, which is lower than the VRAI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of PSR 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

PSR vs. VRAI - Drawdown Comparison

The maximum PSR drawdown since its inception was -42.31%, smaller than the maximum VRAI drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for PSR and VRAI.

Drawdown Indicators

	PSR	VRAI	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-47.51%	+5.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-4.82%	-3.51%
Max Drawdown (3Y) Largest decline over 3 years	-16.58%	-16.89%	+0.31%
Max Drawdown (5Y) Largest decline over 5 years	-34.81%	-26.71%	-8.10%
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	—	—
Current Drawdown Current decline from peak	-1.92%	-2.34%	+0.42%
Average Drawdown Average peak-to-trough decline	-9.31%	-10.03%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.56%	+1.10%

Volatility

PSR vs. VRAI - Volatility Comparison

Invesco Active U.S. Real Estate Fund (PSR) has a higher volatility of 5.32% compared to Virtus Real Asset Income ETF (VRAI) at 3.28%. This indicates that PSR'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

	PSR	VRAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	3.28%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	8.29%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	11.99%	+1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.58%	16.61%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	22.07%	-1.71%

PSR vs. VRAI - Expense Ratio Comparison

PSR has a 0.35% expense ratio, which is lower than VRAI's 0.55% expense ratio.

Dividends

PSR vs. VRAI - Dividend Comparison

PSR's dividend yield for the trailing twelve months is around 2.54%, less than VRAI's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSR Invesco Active U.S. Real Estate Fund	2.54%	2.56%	3.06%	2.93%	2.95%	2.12%	3.09%	2.55%	2.64%	0.14%	3.60%	3.20%
VRAI Virtus Real Asset Income ETF	2.92%	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

Can I hold both PSR and VRAI in my portfolio?

PSR and VRAI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSR or VRAI?

PSR has higher volatility (5.32%) compared to VRAI (3.28%). In terms of maximum drawdown, PSR dropped -42.31% vs VRAI's -47.51%.

Which ETF is better, PSR or VRAI?

On 5-year performance, VRAI leads with 5.71% vs 2.80% for PSR. On fees, PSR is cheaper at 0.35% 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, PSR or VRAI?

Over the 5-year period, VRAI has performed better with a 5.71% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSR or VRAI?

PSR is cheaper with a 0.35% expense ratio, compared with 0.55% for VRAI.

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

VRAI has the higher dividend yield at 2.92%, compared with 2.54% for PSR.

What is the main difference between PSR and VRAI?

They also come from different issuers: Invesco and Virtus Investment Partners. Their fees differ too: 0.35% for PSR and 0.55% for VRAI.

Which has better risk-adjusted returns?

VRAI currently has the higher Sharpe Ratio (1.90 vs 1.07), 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.