VRAI
Virtus Real Asset Income ETF
The Virtus Real Asset Income ETF seeks to track the Indxx Real Asset Income Index, an index comprised of income producing, U.S. equity securities in three real asset categories: real estate, natural resources, and infrastructure.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
14.3 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Virtus |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 07, 2019 |
| Assets (mns) | $14 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MOBILE TELESYSTEMS PJSC | 7.5 % |
| TIM PARTICIPACOES S.A. SPONSORED ADR | 1.5 % |
| ECOPETROL SA-SPONSORED ADR | 1.4 % |
| CIVITAS RESOURCES, INC. | 1.2 % |
| CHENIERE ENERGY PARTNERS LP | 1.2 % |
| OVINTIV INC | 1.2 % |
| PLAINS ALL AMER PIPELINE LP | 1.2 % |
| PLAINS GP HOLDINGS LP CLASS A | 1.2 % |
| PATTERSON-UTI ENERGY INC | 1.2 % |
| ENEL CHILE SA SPONSORED ADR | 1.2 % |
Constituent Breakdown
| Number of holdings | 91 |
| Herfindahl-Hirschman Index | 131 |
| Wgt avg mkt cap (mns) | $13,417 |
| Large cap (>$10bn) | 37.0% |
| Mid cap ($2-10bn) | 45.1% |
| Small cap (<$2bn) | 14.4% |
| Developed mkts. | 83.1% |
| Emerging mkts. | 16.9% |
Country Exposure
 |
UNITED STATES | 73.0 % |
 |
RUSSIA | 7.5 % |
 |
CANADA | 4.6 % |
 |
BRAZIL | 3.7 % |
 |
CHILE | 2.3 % |
 |
COLOMBIA | 1.4 % |
 |
SOUTH KOREA | 1.1 % |
 |
LUXEMBOURG | 1.1 % |
 |
BERMUDA | 1.1 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.5% | 6.4% | 0.6% | 0.0% | 3.5% | -- | 3.2% | Volatility | 10.9% | 12.9% | 14.0% | 17.2% | 24.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 71% |
| MSCI EAFE | 0.90 | 77% |
| MSCI Emg Mkts | 0.71 | 49% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.46% |
| ADV of underlying (mns) | $4,601 |
Technical Indicators
| Recent close | $23.82 |
| 30d moving avg. | $23.44 |
| Annualized volatility | 17.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 2.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VRAI |
Expenses vs. VRAI |
ALTAR Score™ vs. VRAI |
|---|---|---|---|---|
| SCHH | Schwab U.S. REIT ETF | 18.7% | -48 bp | -1.7% |
| REAI | Intelligent Real Estate ETF | 18.1% | +4 bp | +5.3% |
| FREL | Fidelity MSCI Real Estate Index ETF | 17.8% | -47 bp | -2.0% |
| VNQ | Vanguard Real Estate ETF | 17.7% | -43 bp | -2.1% |
| DFAR | Dimensional US Real Estate ETF | 17.7% | -36 bp | -2.0% |
| NDIV | Amplify Natural Resources Dividend Income ETF | 17.2% | +4 bp | +1.7% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 17.0% | -44 bp | -2.0% |
| CVY | Invesco Zacks Multi-Asset Income ETF | 16.8% | +51 bp | +0.5% |
| FRI | First Trust S&P REIT Index Fund | 16.6% | -5 bp | -2.4% |
| USRT | iShares Core U.S. REIT ETF | 16.4% | -47 bp | -2.0% |
Risk and Returns: VRAI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 2/21/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VRAI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
VRAI
8.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 957 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. VRAI's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places VRAI in the 87th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VRAISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| VRAI (55 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VRAI | 55.0 | 45.9 | 100.9 |
| Peer Avg. | 37.0 | 15.2 | 52.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .