VRAI vs. VPC

Last updated Jun 24, 2026

VRAI (Virtus Real Asset Income ETF) and VPC (Virtus Private Credit ETF) are both exchange-traded funds - VRAI is a REIT fund tracking the Indxx Real Asset Income Index, while VPC is a Nontraditional Bonds fund tracking the Indxx Private Credit Index. Both are passively managed. Over the past 5 years, VRAI returned 5.71%/yr vs 0.39%/yr for VPC. A 0.57 correlation means they provide meaningful diversification when combined. VRAI charges 0.55%/yr vs 0.75%/yr for VPC.

Performance

VRAI vs. VPC - Performance Comparison

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

Returns By Period

In the year-to-date period, VRAI achieves a 20.17% return, which is significantly higher than VPC's -12.79% return.

VRAI

• 1D: 0.52%
• 1M: -1.36%
• YTD: 20.17%
• 6M: 20.99%
• 1Y: 22.60%
• 3Y*: 12.35%
• 5Y*: 5.71%
• 10Y*: —

VPC

• 1D: 0.41%
• 1M: -3.76%
• YTD: -12.79%
• 6M: -11.42%
• 1Y: -15.79%
• 3Y*: 1.19%
• 5Y*: 0.39%
• 10Y*: —

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

VRAI vs. VPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VRAI Virtus Real Asset Income ETF	20.17%	6.67%	2.66%	6.12%	-9.96%	24.35%	-5.94%	6.05%
VPC Virtus Private Credit ETF	-12.79%	-6.75%	10.52%	22.20%	-11.70%	34.18%	-9.50%	9.25%

Correlation

The correlation between VRAI and VPC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019	0.57

Over the past year, the correlation between VRAI and VPC has dropped to 0.34 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

VRAI vs. VPC — Risk / Return Rank

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

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

VPC

VPC Risk / Return Rank: 2
VPC Sharpe Ratio Rank: 1
VPC Sortino Ratio Rank: 1
VPC Omega Ratio Rank: 1
VPC Calmar Ratio Rank: 3
VPC Martin Ratio Rank: 2

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. VPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Real Asset Income ETF (VRAI) and Virtus Private Credit ETF (VPC). 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	VPC	Difference
Sharpe ratio: Return per unit of total volatility	1.90	-1.18	+3.07
Sortino ratio: Return per unit of downside risk	2.71	-1.61	+4.31
Omega ratio: Gain probability vs. loss probability	1.33	0.82	+0.51
Calmar ratio: Return relative to maximum drawdown	4.71	-0.70	+5.41
Martin ratio: Return relative to average drawdown	14.54	-1.30	+15.84

VRAI vs. VPC - Sharpe Ratio Comparison

The current VRAI Sharpe Ratio is 1.90, which is higher than the VPC Sharpe Ratio of -1.18. The chart below compares the historical Sharpe Ratios of VRAI and VPC, 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. VPC - Drawdown Comparison

The maximum VRAI drawdown since its inception was -47.51%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for VRAI and VPC.

Drawdown Indicators

	VRAI	VPC	Difference
Max Drawdown Largest peak-to-trough decline	-47.51%	-53.45%	+5.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.82%	-22.76%	+17.94%
Max Drawdown (3Y) Largest decline over 3 years	-16.89%	-24.86%	+7.97%
Max Drawdown (5Y) Largest decline over 5 years	-26.71%	-24.86%	-1.85%
Current Drawdown Current decline from peak	-2.34%	-22.76%	+20.42%
Average Drawdown Average peak-to-trough decline	-10.03%	-7.76%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	12.20%	-10.64%

Volatility

VRAI vs. VPC - Volatility Comparison

The current volatility for Virtus Real Asset Income ETF (VRAI) is 3.28%, while Virtus Private Credit ETF (VPC) has a volatility of 4.19%. This indicates that VRAI experiences smaller price fluctuations and is considered to be less risky than VPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRAI	VPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	4.19%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	11.26%	-2.97%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	13.50%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	13.56%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	20.52%	+1.55%

VRAI vs. VPC - Expense Ratio Comparison

VRAI has a 0.55% expense ratio, which is lower than VPC's 0.75% expense ratio.

Dividends

VRAI vs. VPC - Dividend Comparison

VRAI's dividend yield for the trailing twelve months is around 2.92%, less than VPC's 16.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
VPC Virtus Private Credit ETF	16.70%	14.33%	11.26%	11.71%	10.74%	6.31%	10.06%	8.19%
VRAI Virtus Real Asset Income ETF	2.92%	4.68%	7.13%	5.02%	4.48%	3.34%	3.91%	2.80%

Frequently Asked Questions

Can I hold both VRAI and VPC in my portfolio?

VRAI and VPC have a correlation of 0.34, 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 VPC?

VPC has higher volatility (4.19%) compared to VRAI (3.28%). In terms of maximum drawdown, VRAI dropped -47.51% vs VPC's -53.45%.

Which ETF is better, VRAI or VPC?

On 5-year performance, VRAI leads with 5.71% vs 0.39% for VPC. On fees, VRAI is cheaper at 0.55% 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, VRAI or VPC?

Over the 5-year period, VRAI has performed better with a 5.71% return vs 0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRAI or VPC?

VRAI is cheaper with a 0.55% expense ratio, compared with 0.75% for VPC.

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

VPC has the higher dividend yield at 16.70%, compared with 2.92% for VRAI.

What is the main difference between VRAI and VPC?

VRAI is categorized as REIT, while VPC is Nontraditional Bonds. VRAI tracks Indxx Real Asset Income Index, while VPC tracks Indxx Private Credit Index. Their fees differ too: 0.55% for VRAI and 0.75% for VPC.

Which has better risk-adjusted returns?

VRAI currently has the higher Sharpe Ratio (1.90 vs -1.18), 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.