VRAI vs. ILS

Last updated Jun 23, 2026

VRAI (Virtus Real Asset Income ETF) and ILS (Brookmont Catastrophic Bond ETF) are both exchange-traded funds - VRAI is a REIT fund tracking the Indxx Real Asset Income Index, while ILS is a Nontraditional Bonds fund actively managed by Brookmont. VRAI is passively managed, while ILS is actively managed. Over the past year, VRAI returned 21.27% vs 7.46% for ILS. At a correlation of -0.05, they often move in opposite directions. VRAI charges 0.55%/yr vs 1.58%/yr for ILS.

Performance

VRAI vs. ILS - Performance Comparison

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

Returns By Period

In the year-to-date period, VRAI achieves a 19.54% return, which is significantly higher than ILS's 2.17% return.

VRAI

• 1D: 0.36%
• 1M: -1.88%
• YTD: 19.54%
• 6M: 20.53%
• 1Y: 21.27%
• 3Y*: 12.15%
• 5Y*: 5.59%
• 10Y*: —

ILS

• 1D: 0.15%
• 1M: 1.16%
• YTD: 2.17%
• 6M: 2.46%
• 1Y: 7.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VRAI vs. ILS - Yearly Performance Comparison

	2026 (YTD)	2025
VRAI Virtus Real Asset Income ETF	19.54%	2.11%
ILS Brookmont Catastrophic Bond ETF	2.17%	3.54%

Correlation

The correlation between VRAI and ILS is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	-0.05

Return for Risk

VRAI vs. ILS — Risk / Return Rank

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

VRAI

VRAI Risk / Return Rank: 64
VRAI Sharpe Ratio Rank: 54
VRAI Sortino Ratio Rank: 55
VRAI Omega Ratio Rank: 50
VRAI Calmar Ratio Rank: 85
VRAI Martin Ratio Rank: 76

ILS

ILS Risk / Return Rank: 95
ILS Sharpe Ratio Rank: 90
ILS Sortino Ratio Rank: 95
ILS Omega Ratio Rank: 94
ILS Calmar Ratio Rank: 98
ILS Martin Ratio Rank: 98

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.

VRAI vs. ILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Real Asset Income ETF (VRAI) and Brookmont Catastrophic Bond ETF (ILS). 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.

	VRAI	ILS	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.91	-1.12
Sortino ratio: Return per unit of downside risk	2.56	4.78	-2.22
Omega ratio: Gain probability vs. loss probability	1.31	1.65	-0.34
Calmar ratio: Return relative to maximum drawdown	4.43	13.55	-9.11
Martin ratio: Return relative to average drawdown	13.70	49.81	-36.10

VRAI vs. ILS - Sharpe Ratio Comparison

The current VRAI Sharpe Ratio is 1.78, which is lower than the ILS Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of VRAI and ILS, 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

VRAI vs. ILS - Drawdown Comparison

The maximum VRAI drawdown since its inception was -47.51%, which is greater than ILS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for VRAI and ILS.

Drawdown Indicators

	VRAI	ILS	Difference
Max Drawdown Largest peak-to-trough decline	-47.51%	-2.46%	-45.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.82%	-0.55%	-4.27%
Max Drawdown (3Y) Largest decline over 3 years	-16.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.71%	—	—
Current Drawdown Current decline from peak	-2.85%	0.00%	-2.85%
Average Drawdown Average peak-to-trough decline	-10.04%	-0.54%	-9.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	0.15%	+1.42%

Volatility

VRAI vs. ILS - Volatility Comparison

Virtus Real Asset Income ETF (VRAI) has a higher volatility of 3.23% compared to Brookmont Catastrophic Bond ETF (ILS) at 0.83%. This indicates that VRAI's price experiences larger fluctuations and is considered to be riskier than ILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRAI	ILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	0.83%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	1.68%	+6.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.00%	2.58%	+9.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	3.78%	+12.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.08%	3.78%	+18.30%

VRAI vs. ILS - Expense Ratio Comparison

VRAI has a 0.55% expense ratio, which is lower than ILS's 1.58% expense ratio.

Dividends

VRAI vs. ILS - Dividend Comparison

VRAI's dividend yield for the trailing twelve months is around 2.93%, less than ILS's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ILS Brookmont Catastrophic Bond ETF	8.06%	6.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VRAI Virtus Real Asset Income ETF	2.93%	4.68%	7.13%	5.02%	4.48%	3.34%	3.91%	2.80%

Frequently Asked Questions

Can I hold both VRAI and ILS in my portfolio?

VRAI and ILS have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRAI or ILS?

VRAI has higher volatility (3.23%) compared to ILS (0.83%). In terms of maximum drawdown, VRAI dropped -47.51% vs ILS's -2.46%.

Which ETF is better, VRAI or ILS?

On 1-year performance, VRAI leads with 21.27% vs 7.46% for ILS. On fees, VRAI is cheaper at 0.55% per year. On volatility, ILS has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VRAI or ILS?

Over the 1-year period, VRAI has performed better with a 21.27% return vs 7.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRAI or ILS?

VRAI is cheaper with a 0.55% expense ratio, compared with 1.58% for ILS.

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

ILS has the higher dividend yield at 8.06%, compared with 2.93% for VRAI.

What is the main difference between VRAI and ILS?

VRAI is categorized as REIT, while ILS is Nontraditional Bonds. They also come from different issuers: Virtus Investment Partners and Brookmont. Their fees differ too: 0.55% for VRAI and 1.58% for ILS.

Which has better risk-adjusted returns?

ILS currently has the higher Sharpe Ratio (2.91 vs 1.78), 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.