ETF Evaluator:
Virtus Real Asset Income ETF ()
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(as of Aug 26)
Best Performing in Global Small/Mid Stock Over the Last Year
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ETF Details
Virtus Real Asset Income ETF Overview
Virtus Real Asset Income ETF (VRAI) is a passively managed International Equity Global Small/Mid Stock exchange-traded fund (ETF). Virtus launched the ETF in 2019.
The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Indxx Real Asset Income Index (the "underlying index").
Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts.
About Virtus Real Asset Income ETF (VRAI)
There are 2 members of the management team with an average tenure of 7.48 years: Matthew Brown (2019) and Seth Kadushin (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: FT Wilshire 5000 TR USD index with a weighting of 100% and Indxx Real Assets Income TR USD index with a weighting of 100%. Virtus Real Asset Income ETF has 91 securities in its portfolio. The top 10 holdings constitute 12.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Virtus Real Asset Income ETF is part of the Equity global asset class and is within the International Equity ETF group. Virtus Real Asset Income ETF has 12.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.6% There is 12.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Virtus Real Asset Income ETF has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $18 million in total assets, which is below the $286 million average for the Global Small/Mid Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VRAI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus Real Asset Income ETF expense ratio is average compared to funds in the Global Small/Mid Stock category. Virtus Real Asset Income ETF has an expense ratio of 0.55%, which is 19% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus Real Asset Income ETF has a portfolio turnover rate of 67%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 94% for the Global Small/Mid Stock category.
Recently, in the month of July 2026, Virtus Real Asset Income ETF returned 3.5%, which earned it a grade of A, as the Global Small/Mid Stock category had an average return of -3.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Virtus Real Asset Income ETF has a trailing yield of 2.82%, which is above the 1.65% category average.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Virtus Real Asset Income ETF Grades
Year to date, the ETF has returned 24.0%, 11.5 percentage points better than the category, which translates into a grade of A. The fund has returned 27.4% over the past year (grade of B), 11.0% over the past three years (grade of C) and 6.4% per year over the past five years (grade of B).
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VRAI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VRAI Return (NAV) | 3.5% | 1.4% | 27.4% | 11.0% | 6.4% | na |
| VRAI Return (Price) | 3.2% | 1.3% | 27.1% | 11.0% | 6.4% | na |
| NAV +/- Price Return | 0.262% | 0.183% | 0.280% | -0.003% | -0.007% | na |
| Global Small/Mid Stock Avg | -3.4% | -2.0% | 21.6% | 9.0% | -0.7% | 3.2% |
| VRAI Grade (NAV) | A | C | B | C | B | na |
| +/- Category (NAV) | 6.9% | 3.4% | 5.8% | 2.0% | 7.2% | na |
| VRAI Tax-Cost Ratio | na | na | 1.1% | 1.6% | 1.6% | na |
VRAI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VRAI Return (NAV) | 24.0% | 6.5% | 2.8% | 5.7% | -9.4% | 24.0% | -6.1% | na | na | na | na |
| VRAI Return (Price) | 23.8% | 6.7% | 2.6% | 6.1% | -10.0% | 24.4% | -5.9% | na | na | na | na |
| NAV +/- Price Ret | -0.008% | 0.025% | -0.059% | 0.076% | 0.067% | 0.015% | -0.035% | na | na | na | na |
| Global Small/Mid Stock Avg | 12.5% | 21.5% | 3.5% | 3.0% | -21.6% | 0.3% | 44.8% | 26.2% | -16.9% | 19.7% | 3.3% |
| VRAI Grade (NAV) | A | F | C | C | B | A | D | na | na | na | na |
| +/- Category | 11.5% | -15.0% | -0.7% | 2.7% | 12.2% | 23.7% | -50.8% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.52 |
| R-Squared: | 27% |
| Standard Deviation: | 12.8% |
| Category Risk Index: | 0.64 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.04 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.8% |
| Total Assets: | $ 19 Mil |
| Share Class Assets: | $ 19 Mil |
| Turnover: | 67.0% |
| Expense Ratio: | 0.55% |
| Index Fund: | Yes |
| Index Tracked: | FT Wilshire 5000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.5 years | |||
| Average Tenure: 7.5 years | |||
| Managers (Year): Brown Matthew (2019), Kadushin Seth (2019) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 91 |
| % in Top 10 Holdings: | 12.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.0% |
Portfolio Allocation |
|
| Domestic Stock: | 85.6% |
| Foreign Stock: | 12.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Virtus |
| Phone Number: | 888-383-0553 |
| Website: | |
| Inception Date: | February 7, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.68% |
