JMMF vs. RAAX
JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - JMMF is a Money Market fund actively managed by JPMorgan, while RAAX is a Diversified Portfolio fund actively managed by VanEck. Both are actively managed. Their -0.19 correlation means they have often moved in opposite directions in the past. JMMF charges 0.16%/yr vs 0.89%/yr for RAAX.
Performance
JMMF vs. RAAX - Performance Comparison
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Returns By Period
In the year-to-date period, JMMF achieves a 2.03% return, which is significantly lower than RAAX's 12.97% return.
JMMF
- 1D
- 0.05%
- 1M
- 0.29%
- 6M
- 1.81%
- YTD
- 2.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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) |
|---|---|---|---|
| $727.29K | $634.56K | $536.73K | |
| $10.97M | $11.14M | $11.05M |
JMMF vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.03% | 0.17% |
RAAX VanEck Inflation Allocation ETF | 12.97% | 0.30% |
Correlation
The correlation between JMMF and RAAX is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.19 |
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Return for Risk
JMMF vs. RAAX — Risk / Return Rank
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RAAX
JMMF vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) 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.
| JMMF | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.99 | — |
| Martin ratioReturn relative to average drawdown | — | 8.38 | — |
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Drawdowns
JMMF vs. RAAX - Drawdown Comparison
The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for JMMF and RAAX.
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Drawdown Indicators
| JMMF | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -33.91% | +33.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.06% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.55% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.59% | +7.59% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -6.78% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.22% | — |
Volatility
JMMF vs. RAAX - Volatility Comparison
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Volatility by Period
| JMMF | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 14.97% | -14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 15.70% | -15.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.50% | 15.79% | -15.29% |
JMMF vs. RAAX - Expense Ratio Comparison
JMMF has a 0.16% expense ratio, which is lower than RAAX's 0.89% expense ratio.
Dividends
JMMF vs. RAAX - Dividend Comparison
JMMF's dividend yield for the trailing twelve months is around 2.20%, more than RAAX's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.20% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 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
JMMF and RAAX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.89% for RAAX.
JMMF has the higher dividend yield at 2.20%, compared with 2.07% for RAAX.
JMMF is categorized as Money Market, while RAAX is Diversified Portfolio. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.16% for JMMF and 0.89% for RAAX.
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