PWS vs. RAAX

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer WealthShield ETF (PWS) and VanEck Inflation Allocation ETF (RAAX).

PWS and RAAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWS is a passively managed fund by Pacer that tracks the performance of the Pacer WealthShield Index. It was launched on Dec 11, 2017. RAAX is an actively managed fund by VanEck. It was launched on Apr 9, 2018.

Performance

PWS vs. RAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer WealthShield ETF (PWS) and VanEck Inflation Allocation ETF (RAAX). The values are adjusted to include any dividend payments, if applicable.

PWS vs. RAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PWS Pacer WealthShield ETF	-0.91%	8.05%	14.01%	-3.58%	-12.10%	14.43%	22.16%	1.36%	-2.67%
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, PWS achieves a -0.91% return, which is significantly lower than RAAX's 16.55% return.

PWS

• 1D: 0.28%
• 1M: -3.73%
• YTD: -0.91%
• 6M: 0.33%
• 1Y: 5.43%
• 3Y*: 7.38%
• 5Y*: 1.86%
• 10Y*: —

RAAX

• 1D: 1.60%
• 1M: -1.93%
• YTD: 16.55%
• 6M: 20.84%
• 1Y: 36.86%
• 3Y*: 20.32%
• 5Y*: 14.77%
• 10Y*: —

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

PWS vs. RAAX - Expense Ratio Comparison

PWS has a 0.60% expense ratio, which is lower than RAAX's 0.78% expense ratio.

RAAX

VanEck Inflation Allocation ETF

PWS

Pacer WealthShield ETF

Return for Risk

PWS vs. RAAX — Risk / Return Rank

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

PWS

PWS Risk / Return Rank: 29
PWS Sharpe Ratio Rank: 26
PWS Sortino Ratio Rank: 25
PWS Omega Ratio Rank: 23
PWS Calmar Ratio Rank: 40
PWS Martin Ratio Rank: 31

RAAX

RAAX Risk / Return Rank: 94
RAAX Sharpe Ratio Rank: 94
RAAX Sortino Ratio Rank: 94
RAAX Omega Ratio Rank: 94
RAAX Calmar Ratio Rank: 92
RAAX Martin Ratio Rank: 96

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.

PWS vs. RAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer WealthShield ETF (PWS) 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.

	PWS	RAAX	Difference
Sharpe ratio Return per unit of total volatility	0.47	2.25	-1.79
Sortino ratio Return per unit of downside risk	0.73	2.88	-2.16
Omega ratio Gain probability vs. loss probability	1.09	1.43	-0.34
Calmar ratio Return relative to maximum drawdown	1.03	3.27	-2.24
Martin ratio Return relative to average drawdown	2.75	16.58	-13.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PWS vs. RAAX - Sharpe Ratio Comparison

The current PWS Sharpe Ratio is 0.47, which is lower than the RAAX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of PWS and RAAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PWS	RAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	2.25	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.95	-0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.61	-0.30

Correlation

The correlation between PWS and RAAX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PWS vs. RAAX - Dividend Comparison

PWS's dividend yield for the trailing twelve months is around 1.47%, less than RAAX's 2.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PWS Pacer WealthShield ETF	1.47%	1.59%	1.33%	2.21%	1.45%	0.94%	0.53%	1.77%	1.16%
RAAX VanEck Inflation Allocation ETF	2.01%	2.34%	1.91%	3.66%	1.53%	8.72%	6.27%	2.37%	0.56%

Drawdowns

PWS vs. RAAX - Drawdown Comparison

The maximum PWS drawdown since its inception was -24.93%, smaller than the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for PWS and RAAX.

Drawdown Indicators

	PWS	RAAX	Difference
Max Drawdown Largest peak-to-trough decline	-24.93%	-33.91%	+8.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-11.59%	+5.44%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-23.55%	-1.38%
Current Drawdown Current decline from peak	-4.70%	-3.00%	-1.70%
Average Drawdown Average peak-to-trough decline	-9.20%	-6.90%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.29%	+0.02%

Volatility

PWS vs. RAAX - Volatility Comparison

The current volatility for Pacer WealthShield ETF (PWS) is 3.85%, while VanEck Inflation Allocation ETF (RAAX) has a volatility of 5.02%. This indicates that PWS experiences smaller price fluctuations and is considered to be less risky than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PWS	RAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	5.02%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	12.12%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	16.45%	-4.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.11%	15.67%	-3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	15.86%	-1.35%