ASET vs. RAA

Last updated Jun 3, 2026

ASET (FlexShares Real Assets Allocation Index Fund) and RAA (SMI 3Fourteen REAL Asset Allocation ETF) are both Diversified Portfolio funds. ASET is passively managed, while RAA is actively managed. ASET charges 0.57%/yr vs 0.85%/yr for RAA.

Performance

ASET vs. RAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Real Assets Allocation Index Fund (ASET) and SMI 3Fourteen REAL Asset Allocation ETF (RAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAA

• 1D: 0.31%
• 1M: 3.68%
• YTD: 11.49%
• 6M: 11.93%
• 1Y: 25.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASET vs. RAA - Yearly Performance Comparison

	2026 (YTD)
ASET FlexShares Real Assets Allocation Index Fund	0.00%
RAA SMI 3Fourteen REAL Asset Allocation ETF	8.32%

Return for Risk

ASET vs. RAA — Risk / Return Rank

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

RAA

RAA Risk / Return Rank: 82
RAA Sharpe Ratio Rank: 81
RAA Sortino Ratio Rank: 81
RAA Omega Ratio Rank: 82
RAA Calmar Ratio Rank: 82
RAA Martin Ratio Rank: 84

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.

ASET vs. RAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Real Assets Allocation Index Fund (ASET) and SMI 3Fourteen REAL Asset Allocation ETF (RAA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASET	RAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.53	—

Drawdowns

ASET vs. RAA - Drawdown Comparison

The maximum ASET drawdown since its inception was 0.00%, smaller than the maximum RAA drawdown of -11.80%. Use the drawdown chart below to compare losses from any high point for ASET and RAA.

Drawdown Indicators

	ASET	RAA	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-11.80%	+11.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.91%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-1.41%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.46%	—

Volatility

Volatility by Period

	ASET	RAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	9.48%	-9.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	12.72%	-12.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	12.72%	-12.72%

ASET vs. RAA - Expense Ratio Comparison

ASET has a 0.57% expense ratio, which is lower than RAA's 0.85% expense ratio.

Dividends

ASET vs. RAA - Dividend Comparison

ASET has not paid dividends to shareholders, while RAA's dividend yield for the trailing twelve months is around 2.10%.

Position	TTM	2025
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%
RAA SMI 3Fourteen REAL Asset Allocation ETF	2.10%	2.14%

Frequently Asked Questions

Which ETF is better, ASET or RAA?

On fees, ASET is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASET or RAA?

ASET is cheaper with a 0.57% expense ratio, compared with 0.85% for RAA.

Which ETF pays a higher dividend yield, ASET or RAA?

RAA has the higher dividend yield at 2.10%, compared with 0.00% for ASET.

What is the main difference between ASET and RAA?

They also come from different issuers: Northern Trust and SMI Advisory Services. Their fees differ too: 0.57% for ASET and 0.85% for RAA.