RWO vs. VRAI
RWO (SPDR Dow Jones Global Real Estate ETF) and VRAI (Virtus Real Asset Income ETF) are both REIT funds - RWO tracks the Dow Jones Global Select Real Estate Securities Index while VRAI tracks the Indxx Real Asset Income Index. Both are passively managed. Over the past 5 years, RWO returned 2.54%/yr vs 6.36%/yr for VRAI. A 0.73 correlation means they provide meaningful diversification when combined. RWO charges 0.50%/yr vs 0.55%/yr for VRAI.
Performance
RWO vs. VRAI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RWO achieves a 13.78% return, which is significantly lower than VRAI's 22.27% return.
RWO
- 1D
- 0.36%
- 1M
- 2.12%
- 6M
- 10.57%
- YTD
- 13.78%
- 1Y
- 19.44%
- 3Y*
- 9.66%
- 5Y*
- 2.54%
- 10Y*
- 3.54%
VRAI
- 1D
- -0.34%
- 1M
- 0.44%
- 6M
- 16.80%
- YTD
- 22.27%
- 1Y
- 25.21%
- 3Y*
- 10.97%
- 5Y*
- 6.36%
- 10Y*
- —
RWO vs. VRAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 13.78% | 8.87% | 1.76% | 10.91% | -25.11% | 31.03% | -10.44% | 9.43% |
VRAI Virtus Real Asset Income ETF | 22.27% | 6.67% | 2.66% | 6.12% | -9.96% | 24.35% | -5.94% | 6.05% |
Correlation
The correlation between RWO and VRAI is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.73 |
The correlation between RWO and VRAI shifts across timeframes, from 0.55 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RWO vs. VRAI — Risk / Return Rank
RWO
VRAI
RWO vs. VRAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) 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.
| RWO | VRAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 5.26 | -3.20 |
| Martin ratioReturn relative to average drawdown | 7.93 | 15.92 | -7.98 |
Loading charts...
Drawdowns
RWO vs. VRAI - Drawdown Comparison
The maximum RWO drawdown since its inception was -67.69%, which is greater than VRAI's maximum drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for RWO and VRAI.
Loading charts...
Drawdown Indicators
| RWO | VRAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.69% | -47.51% | -20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -4.82% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -16.89% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -26.71% | -6.14% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.62% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -9.97% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.59% | +0.87% |
Volatility
RWO vs. VRAI - Volatility Comparison
SPDR Dow Jones Global Real Estate ETF (RWO) has a higher volatility of 4.39% compared to Virtus Real Asset Income ETF (VRAI) at 3.56%. This indicates that RWO'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.
Loading charts...
Volatility by Period
| RWO | VRAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 3.56% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 8.21% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 11.92% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 16.59% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 22.01% | -3.82% |
RWO vs. VRAI - Expense Ratio Comparison
RWO has a 0.50% expense ratio, which is lower than VRAI's 0.55% expense ratio.
Dividends
RWO vs. VRAI - Dividend Comparison
RWO's dividend yield for the trailing twelve months is around 3.18%, more than VRAI's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 3.18% | 3.62% | 3.68% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% |
VRAI Virtus Real Asset Income ETF | 2.86% | 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
RWO and VRAI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWO has higher volatility (4.39%) compared to VRAI (3.56%). In terms of maximum drawdown, RWO dropped -67.69% vs VRAI's -47.51%.
On 5-year performance, VRAI leads with 6.36% vs 2.54% for RWO. On fees, RWO is cheaper at 0.50% per year. On volatility, VRAI has been the lower-risk option at 3.56%. 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 6.36% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RWO is cheaper with a 0.50% expense ratio, compared with 0.55% for VRAI.
RWO has the higher dividend yield at 3.18%, compared with 2.86% for VRAI.
RWO tracks Dow Jones Global Select Real Estate Securities Index, while VRAI tracks Indxx Real Asset Income Index. They also come from different issuers: State Street and Virtus Investment Partners. Their fees differ too: 0.50% for RWO and 0.55% for VRAI.
VRAI currently has the higher Sharpe Ratio (2.14 vs 1.49), 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.
Find the right allocation for RWO and VRAI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer