SRS vs. VRAI
SRS (ProShares UltraShort Real Estate) and VRAI (Virtus Real Asset Income ETF) are both REIT funds - SRS tracks the Dow Jones U.S. Real Estate Index (-200%) while VRAI tracks the Indxx Real Asset Income Index. Both are passively managed. Over the past 5 years, SRS returned -5.57%/yr vs 6.30%/yr for VRAI. At a correlation of -0.69, they often move in opposite directions. SRS charges 0.95%/yr vs 0.55%/yr for VRAI.
Performance
SRS vs. VRAI - Performance Comparison
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Returns By Period
In the year-to-date period, SRS achieves a -19.00% return, which is significantly lower than VRAI's 22.69% return.
SRS
- 1D
- 0.77%
- 1M
- 2.10%
- 6M
- -16.79%
- YTD
- -19.00%
- 1Y
- -13.31%
- 3Y*
- -11.13%
- 5Y*
- -5.57%
- 10Y*
- -15.86%
VRAI
- 1D
- 0.25%
- 1M
- -0.29%
- 6M
- 18.74%
- YTD
- 22.69%
- 1Y
- 23.84%
- 3Y*
- 11.09%
- 5Y*
- 6.30%
- 10Y*
- —
SRS vs. VRAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | -19.00% | -1.45% | -3.55% | -18.78% | 54.68% | -52.22% | -33.05% | -22.99% |
VRAI Virtus Real Asset Income ETF | 22.69% | 6.67% | 2.66% | 6.12% | -9.96% | 24.35% | -5.94% | 6.05% |
Correlation
The correlation between SRS and VRAI is -0.59, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | -0.69 |
The correlation between SRS and VRAI shifts across timeframes, from -0.69 (5 years) to -0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SRS vs. VRAI — Risk / Return Rank
SRS
VRAI
SRS vs. VRAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) 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.
| SRS | VRAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.34 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 4.97 | -5.55 |
| Martin ratioReturn relative to average drawdown | -1.19 | 15.05 | -16.24 |
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Drawdowns
SRS vs. VRAI - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than VRAI's maximum drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for SRS and VRAI.
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Drawdown Indicators
| SRS | VRAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -47.51% | -52.45% |
Max Drawdown (1Y)Largest decline over 1 year | -23.22% | -4.82% | -18.40% |
Max Drawdown (3Y)Largest decline over 3 years | -53.19% | -16.89% | -36.30% |
Max Drawdown (5Y)Largest decline over 5 years | -53.19% | -26.71% | -26.48% |
Max Drawdown (10Y)Largest decline over 10 years | -86.30% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -0.29% | -99.67% |
Average DrawdownAverage peak-to-trough decline | -91.26% | -9.97% | -81.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | 1.60% | +9.62% |
Volatility
SRS vs. VRAI - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 10.31% compared to Virtus Real Asset Income ETF (VRAI) at 3.57%. This indicates that SRS'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
| SRS | VRAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 3.57% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 22.20% | 8.20% | +14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 11.92% | +16.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.81% | 16.59% | +21.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.79% | 22.01% | +18.78% |
SRS vs. VRAI - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than VRAI's 0.55% expense ratio.
Dividends
SRS vs. VRAI - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.56%, more than VRAI's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 3.56% | 3.61% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% |
VRAI Virtus Real Asset Income ETF | 2.86% | 4.68% | 7.13% | 5.02% | 4.48% | 3.34% | 3.91% | 2.80% | 0.00% |
Frequently Asked Questions
SRS 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.
SRS has higher volatility (10.31%) compared to VRAI (3.57%). In terms of maximum drawdown, SRS dropped -99.96% vs VRAI's -47.51%.
On 5-year performance, VRAI leads with 6.30% vs -5.57% for SRS. On fees, VRAI is cheaper at 0.55% per year. On volatility, VRAI has been the lower-risk option at 3.57%. 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 6.30% return vs -5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VRAI is cheaper with a 0.55% expense ratio, compared with 0.95% for SRS.
SRS has the higher dividend yield at 3.56%, compared with 2.86% for VRAI.
SRS tracks Dow Jones U.S. Real Estate Index (-200%), while VRAI tracks Indxx Real Asset Income Index. They also come from different issuers: ProShares and Virtus Investment Partners. Their fees differ too: 0.95% for SRS and 0.55% for VRAI.
VRAI currently has the higher Sharpe Ratio (2.01 vs -0.47), 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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