DUST vs. RAAX
Compare and contrast key facts about Direxion Daily Gold Miners Bear 2X Shares (DUST) and VanEck Inflation Allocation ETF (RAAX).
DUST and RAAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DUST is a passively managed fund by Direxion that tracks the performance of the NYSE Arca Gold Miners Index (-300%). It was launched on Apr 1, 2020. RAAX is an actively managed fund by VanEck. It was launched on Apr 9, 2018.
Performance
DUST vs. RAAX - Performance Comparison
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DUST vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | -30.64% | -88.72% | -29.51% | -27.63% | -22.70% | -4.82% | -85.75% | -75.11% | -7.44% |
RAAX VanEck Inflation Allocation ETF | 16.55% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
Returns By Period
In the year-to-date period, DUST achieves a -30.64% return, which is significantly lower than RAAX's 16.55% return.
DUST
- 1D
- -13.77%
- 1M
- 45.77%
- YTD
- -30.64%
- 6M
- -52.34%
- 1Y
- -85.24%
- 3Y*
- -62.31%
- 5Y*
- -51.05%
- 10Y*
- -58.51%
RAAX
- 1D
- 1.60%
- 1M
- -1.93%
- YTD
- 16.55%
- 6M
- 20.84%
- 1Y
- 36.86%
- 3Y*
- 20.32%
- 5Y*
- 14.77%
- 10Y*
- —
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DUST vs. RAAX - Expense Ratio Comparison
DUST has a 1.07% expense ratio, which is higher than RAAX's 0.78% expense ratio.
Return for Risk
DUST vs. RAAX — Risk / Return Rank
DUST
RAAX
DUST vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) 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.
| DUST | RAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.93 | 2.25 | -3.18 |
Sortino ratioReturn per unit of downside risk | -2.36 | 2.88 | -5.24 |
Omega ratioGain probability vs. loss probability | 0.75 | 1.43 | -0.68 |
Calmar ratioReturn relative to maximum drawdown | -0.93 | 3.27 | -4.20 |
Martin ratioReturn relative to average drawdown | -1.28 | 16.58 | -17.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DUST | RAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 2.25 | -3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.72 | 0.95 | -1.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | 0.61 | -1.12 |
Correlation
The correlation between DUST and RAAX is -0.55. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DUST vs. RAAX - Dividend Comparison
DUST's dividend yield for the trailing twelve months is around 9.40%, more than RAAX's 2.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | 9.40% | 12.51% | 4.99% | 4.47% | 0.00% | 0.00% | 3.60% | 2.50% | 0.37% |
RAAX VanEck Inflation Allocation ETF | 2.01% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% |
Drawdowns
DUST vs. RAAX - Drawdown Comparison
The maximum DUST drawdown since its inception was -100.00%, which is greater than RAAX's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for DUST and RAAX.
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Drawdown Indicators
| DUST | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -33.91% | -66.09% |
Max Drawdown (1Y)Largest decline over 1 year | -91.57% | -11.59% | -79.98% |
Max Drawdown (5Y)Largest decline over 5 years | -98.68% | -23.55% | -75.13% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -3.00% | -97.00% |
Average DrawdownAverage peak-to-trough decline | -83.16% | -6.90% | -76.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.00% | 2.29% | +64.71% |
Volatility
DUST vs. RAAX - Volatility Comparison
Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 35.65% compared to VanEck Inflation Allocation ETF (RAAX) at 5.02%. This indicates that DUST'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
| DUST | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.65% | 5.02% | +30.63% |
Volatility (6M)Calculated over the trailing 6-month period | 73.40% | 12.12% | +61.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.64% | 16.45% | +75.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.84% | 15.67% | +55.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.14% | 15.86% | +73.28% |