QQQ vs. RAAX
QQQ (Invesco QQQ ETF) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while RAAX is a Diversified Portfolio fund actively managed by VanEck. QQQ is passively managed, while RAAX is actively managed. Over the past 5 years, QQQ returned 16.85%/yr vs 13.17%/yr for RAAX. At a 0.37 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 0.78%/yr for RAAX.
Performance
QQQ vs. RAAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QQQ having a 17.57% return and RAAX slightly higher at 17.64%.
QQQ
- 1D
- 0.59%
- 1M
- 1.75%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 37.55%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
RAAX
- 1D
- 2.26%
- 1M
- -1.84%
- YTD
- 17.64%
- 6M
- 17.56%
- 1Y
- 32.08%
- 3Y*
- 21.35%
- 5Y*
- 13.17%
- 10Y*
- —
QQQ vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -1.53% |
RAAX VanEck Inflation Allocation ETF | 17.64% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
Correlation
The correlation between QQQ and RAAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.37 |
The correlation between QQQ and RAAX shifts across timeframes, from 0.23 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ vs. RAAX — Risk / Return Rank
QQQ
RAAX
QQQ vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) 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.
| QQQ | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.68 | -1.67 |
| Martin ratioReturn relative to average drawdown | 11.22 | 16.90 | -5.68 |
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Drawdowns
QQQ vs. RAAX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than RAAX's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for QQQ and RAAX.
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Drawdown Indicators
| QQQ | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -33.91% | -49.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -7.17% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -11.59% | -11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -23.55% | -11.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | -3.77% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -6.77% | -25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.98% | +1.22% |
Volatility
QQQ vs. RAAX - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to VanEck Inflation Allocation ETF (RAAX) at 4.67%. This indicates that QQQ'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
| QQQ | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 4.67% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 12.21% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 14.18% | +3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 15.70% | +6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 15.79% | +6.59% |
QQQ vs. RAAX - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Dividends
QQQ vs. RAAX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than RAAX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQ and RAAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (7.56%) compared to RAAX (4.67%). In terms of maximum drawdown, QQQ dropped -82.97% vs RAAX's -33.91%.
On 5-year performance, QQQ leads with 16.85% vs 13.17% for RAAX. On fees, QQQ is cheaper at 0.18% per year. On volatility, RAAX has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQ has performed better with a 16.85% return vs 13.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.78% for RAAX.
RAAX has the higher dividend yield at 1.99%, compared with 0.39% for QQQ.
QQQ is categorized as Nasdaq-100, while RAAX is Diversified Portfolio. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.18% for QQQ and 0.78% for RAAX.
RAAX currently has the higher Sharpe Ratio (2.37 vs 2.09), 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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