- ISIN
- US92189F1306
- CUSIP
- 92189F130
- Issuer
- VanEck
- Inception Date
- Apr 9, 2018
- Region
- Developed Markets (Broad)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 281K
- Avg. Volume Value (1M)
- $11.14M
Share Price Chart
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Performance
RAAX Performance Chart
VanEck Inflation Allocation ETF (RAAX) is up 13.0% since the beginning of the year. RAAX is currently trading at $39 per share. Investors who bought $1,000 worth of RAAX shares 5 years ago would now be looking at an investment worth $1,821.
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Returns By Period
VanEck Inflation Allocation ETF (RAAX) has returned 12.97% so far this year and 27.41% over the past 12 months.
VanEck Inflation Allocation ETF
- 1D
- -0.08%
- 1M
- 0.23%
- 6M
- 2.36%
- YTD
- 12.97%
- 1Y
- 27.41%
- 3Y*
- 17.65%
- 5Y*
- 12.74%
- 10Y*
- —
- ALL TIME*
- 8.80%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
RAAX Monthly Returns History
Based on dividend-adjusted daily data since Apr 10, 2018, RAAX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +11.8%, while the worst month was Mar 2020 at -17.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RAAX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +8.8%, while the worst single day was Mar 12, 2020 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.36% | 7.68% | -1.93% | 4.10% | -2.81% | -3.69% | -0.53% | 12.97% | |||||
| 2025 | 4.00% | 0.71% | 3.05% | -2.21% | 2.61% | 1.70% | 2.38% | 3.46% | 4.77% | 0.26% | 3.01% | 0.39% | 26.74% |
| 2024 | -1.99% | 1.71% | 6.44% | -1.00% | 2.12% | -0.57% | 3.43% | 0.40% | 2.29% | 1.69% | 2.64% | -4.88% | 12.50% |
| 2023 | 5.77% | -5.64% | 2.02% | 0.59% | -5.31% | 3.92% | 6.03% | -2.00% | -2.46% | -0.55% | 2.82% | 2.18% | 6.71% |
| 2022 | 0.04% | 5.01% | 7.89% | -3.38% | 1.80% | -10.49% | 2.34% | -1.97% | -8.46% | 7.57% | 5.97% | -2.83% | 1.51% |
| 2021 | 1.24% | 4.61% | 2.21% | 3.92% | 2.89% | 0.05% | 0.58% | -0.27% | -1.20% | 7.46% | -4.93% | 3.68% | 21.56% |
Benchmark Metrics
VanEck Inflation Allocation ETF has an annualized alpha of 2.53%, beta of 0.50, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since April 10, 2018.
- This ETF participated in 64.31% of S&P 500 Index downside but only 56.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 may look defensive, but with R2 of 0.36 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.53%
- Beta
- 0.50
- R²
- 0.36
- Upside Capture
- 56.39%
- Downside Capture
- 64.31%
Expense Ratio
RAAX has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RAAX ranks 76 for risk / return — above 76% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) and compare them to S&P 500 Index.
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.
| RAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.00 | +0.99 |
| Martin ratioReturn relative to average drawdown | 8.38 | 8.49 | -0.11 |
Dividends
Dividend History
VanEck Inflation Allocation ETF provided a 2.07% dividend yield over the last twelve months, with an annual payout of $0.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $0.82 | $0.54 | $0.94 | $0.38 | $2.16 | $1.39 | $0.61 | $0.14 |
Dividend yield | 2.07% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Inflation Allocation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.16 | $2.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Inflation Allocation ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Inflation Allocation ETF was 33.91%, occurring on Mar 18, 2020. Recovery took 247 trading sessions.
The current VanEck Inflation Allocation ETF drawdown is 7.59%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.91%Mar 2020 | 23d | 11mo 28d | 1y 16dFeb 2020 - Mar 2021 | COVID crash2020 |
-23.55%Sep 2022 | 5mo 10d | 1y 6mo | 1y 11moApr 2022 - Apr 2024 | Bear market2022 |
-11.59%Apr 2025 | 5d | 1mo 25d | 2moApr 2025 - Jun 2025 | 2025 selloff2025 |
-9.06%Jul 2026 | 2mo 18d | — | 2mo 23dMay 2026 - now | — |
-8.67%May 2019 | 1y 7d | 7mo 8d | 1y 7moMay 2018 - Jan 2020 | — |
Drawdown Indicators
| RAAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -56.78% | +22.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -9.10% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -18.90% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -25.43% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.59% | -1.58% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -10.70% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.14% | +1.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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