CLSM vs. RAAX
CLSM (ETC Cabana Target Leading Sector Moderate ETF) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - CLSM is a Tactical Allocation fund tracking the Actively Managed, while RAAX is a Diversified Portfolio fund actively managed by VanEck. CLSM is passively managed, while RAAX is actively managed. Over the past 5 years, CLSM returned 2.98%/yr vs 12.74%/yr for RAAX. Their 0.46 correlation means their historical movements had little consistent relationship. CLSM charges 0.82%/yr vs 0.89%/yr for RAAX.
Performance
CLSM vs. RAAX - Performance Comparison
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Returns By Period
In the year-to-date period, CLSM achieves a 13.76% return, which is significantly higher than RAAX's 12.97% return.
CLSM
- 1D
- -0.06%
- 1M
- -2.10%
- 6M
- 10.80%
- YTD
- 13.76%
- 1Y
- 23.29%
- 3Y*
- 10.82%
- 5Y*
- 2.98%
- 10Y*
- —
- ALL TIME*
- 2.85%
RAAX
- 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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $170.87K | $557.41K | $324.92K | |
| $10.97M | $11.14M | $11.05M |
CLSM vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLSM ETC Cabana Target Leading Sector Moderate ETF | 13.76% | 15.32% | 1.87% | 3.78% | -23.23% | 8.22% |
RAAX VanEck Inflation Allocation ETF | 12.97% | 26.74% | 12.50% | 6.71% | 1.51% | 4.20% |
Correlation
The correlation between CLSM and RAAX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.46 |
The correlation between CLSM and RAAX has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.
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Return for Risk
CLSM vs. RAAX — Risk / Return Rank
CLSM
RAAX
CLSM vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Cabana Target Leading Sector Moderate ETF (CLSM) and VanEck Inflation Allocation ETF (RAAX). 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.
| CLSM | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.99 | -0.38 |
| Martin ratioReturn relative to average drawdown | 8.32 | 8.38 | -0.06 |
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Drawdowns
CLSM vs. RAAX - Drawdown Comparison
The maximum CLSM drawdown since its inception was -27.77%, smaller than the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for CLSM and RAAX.
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Drawdown Indicators
| CLSM | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.77% | -33.91% | +6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -9.06% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -11.59% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -23.55% | -4.22% |
Current DrawdownCurrent decline from peak | -5.91% | -7.59% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -6.78% | -9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.22% | -0.56% |
Volatility
CLSM vs. RAAX - Volatility Comparison
ETC Cabana Target Leading Sector Moderate ETF (CLSM) has a higher volatility of 4.38% compared to VanEck Inflation Allocation ETF (RAAX) at 4.17%. This indicates that CLSM's price experiences larger fluctuations and is considered to be riskier than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSM | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.17% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 12.52% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 14.97% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.75% | 15.70% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 15.79% | -3.04% |
CLSM vs. RAAX - Expense Ratio Comparison
CLSM has a 0.82% expense ratio, which is lower than RAAX's 0.89% expense ratio.
Dividends
CLSM vs. RAAX - Dividend Comparison
CLSM's dividend yield for the trailing twelve months is around 0.79%, less than RAAX's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CLSM ETC Cabana Target Leading Sector Moderate ETF | 0.79% | 0.90% | 2.13% | 2.58% | 3.17% | 0.59% | 0.00% | 0.00% | 0.00% |
RAAX VanEck Inflation Allocation ETF | 2.07% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% |
Frequently Asked Questions
CLSM and RAAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLSM has higher volatility (4.38%) compared to RAAX (4.17%). In terms of maximum drawdown, CLSM dropped -27.77% vs RAAX's -33.91%.
On 5-year performance, RAAX leads with 12.74% vs 2.98% for CLSM. On fees, CLSM is cheaper at 0.82% per year. On volatility, RAAX has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RAAX has performed better with a 12.74% return vs 2.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLSM is cheaper with a 0.82% expense ratio, compared with 0.89% for RAAX.
RAAX has the higher dividend yield at 2.07%, compared with 0.79% for CLSM.
CLSM is categorized as Tactical Allocation, while RAAX is Diversified Portfolio. They also come from different issuers: Cabana and VanEck. Their fees differ too: 0.82% for CLSM and 0.89% for RAAX.
RAAX currently has the higher Sharpe Ratio (1.81 vs 1.52), 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.
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