DAK vs. RAFE

Last updated Jul 11, 2026

DAK (Dakota Active Equity ETF) and RAFE (PIMCO RAFI ESG U.S. ETF) are both Large Cap Blend Equities funds. DAK is actively managed, while RAFE is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. DAK charges 0.43%/yr vs 0.30%/yr for RAFE.

Performance

DAK vs. RAFE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dakota Active Equity ETF (DAK) and PIMCO RAFI ESG U.S. ETF (RAFE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAK achieves a 10.29% return, which is significantly lower than RAFE's 15.78% return.

DAK

• 1D: 0.31%
• 1M: 1.88%
• 6M: 8.30%
• YTD: 10.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAFE

• 1D: 0.19%
• 1M: 2.55%
• 6M: 13.43%
• YTD: 15.78%
• 1Y: 28.14%
• 3Y*: 19.01%
• 5Y*: 11.46%
• 10Y*: —

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

DAK vs. RAFE - Yearly Performance Comparison

	2026 (YTD)	2025
DAK Dakota Active Equity ETF	10.29%	6.75%
RAFE PIMCO RAFI ESG U.S. ETF	15.78%	10.14%

Correlation

The correlation between DAK and RAFE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.85

Return for Risk

DAK vs. RAFE — Risk / Return Rank

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

DAK

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

RAFE

RAFE Risk / Return Rank: 88
RAFE Sharpe Ratio Rank: 90
RAFE Sortino Ratio Rank: 90
RAFE Omega Ratio Rank: 87
RAFE Calmar Ratio Rank: 84
RAFE Martin Ratio Rank: 86

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.

DAK vs. RAFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dakota Active Equity ETF (DAK) and PIMCO RAFI ESG U.S. ETF (RAFE). 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.

	DAK	RAFE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.39	—
Sortino ratio: Return per unit of downside risk	—	3.35	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	3.64	—
Martin ratio: Return relative to average drawdown	—	14.19	—

Drawdowns

DAK vs. RAFE - Drawdown Comparison

The maximum DAK drawdown since its inception was -7.87%, smaller than the maximum RAFE drawdown of -35.74%. Use the drawdown chart below to compare losses from any high point for DAK and RAFE.

Drawdown Indicators

	DAK	RAFE	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-35.74%	+27.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.28%	—
Current Drawdown Current decline from peak	-0.61%	0.00%	-0.61%
Average Drawdown Average peak-to-trough decline	-1.18%	-6.13%	+4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.92%	—

Volatility

Volatility by Period

	DAK	RAFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	11.37%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	15.06%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	19.33%	-7.89%

DAK vs. RAFE - Expense Ratio Comparison

DAK has a 0.43% expense ratio, which is higher than RAFE's 0.30% expense ratio.

Dividends

DAK vs. RAFE - Dividend Comparison

DAK's dividend yield for the trailing twelve months is around 0.75%, less than RAFE's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DAK Dakota Active Equity ETF	0.75%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%
RAFE PIMCO RAFI ESG U.S. ETF	1.49%	1.67%	1.79%	1.81%	2.22%	1.42%	2.36%

Frequently Asked Questions

Can I hold both DAK and RAFE in my portfolio?

DAK and RAFE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAK or RAFE?

On fees, RAFE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAK or RAFE?

RAFE is cheaper with a 0.30% expense ratio, compared with 0.43% for DAK.

Which ETF pays a higher dividend yield, DAK or RAFE?

RAFE has the higher dividend yield at 1.49%, compared with 0.75% for DAK.

What is the main difference between DAK and RAFE?

They also come from different issuers: Dakota Wealth and PIMCO. Their fees differ too: 0.43% for DAK and 0.30% for RAFE.