QQQE vs. RAAX
QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index, while RAAX is a Diversified Portfolio fund actively managed by VanEck. QQQE is passively managed, while RAAX is actively managed. Over the past 5 years, QQQE returned 9.60%/yr vs 13.17%/yr for RAAX. At a 0.45 correlation, their price movements are largely independent. QQQE charges 0.35%/yr vs 0.78%/yr for RAAX.
Performance
QQQE vs. RAAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QQQE having a 17.14% return and RAAX slightly higher at 17.64%.
QQQE
- 1D
- 1.18%
- 1M
- 5.18%
- YTD
- 17.14%
- 6M
- 16.29%
- 1Y
- 26.96%
- 3Y*
- 17.04%
- 5Y*
- 9.60%
- 10Y*
- 15.61%
RAAX
- 1D
- 2.26%
- 1M
- -1.84%
- YTD
- 17.64%
- 6M
- 17.56%
- 1Y
- 32.08%
- 3Y*
- 21.35%
- 5Y*
- 13.17%
- 10Y*
- —
QQQE vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 17.14% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.51% |
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 QQQE and RAAX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.45 |
The correlation between QQQE and RAAX shifts across timeframes, from 0.30 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QQQE vs. RAAX — Risk / Return Rank
QQQE
RAAX
QQQE vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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.
| QQQE | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 4.68 | -2.03 |
| Martin ratioReturn relative to average drawdown | 8.95 | 16.90 | -7.95 |
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Drawdowns
QQQE vs. RAAX - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for QQQE and RAAX.
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Drawdown Indicators
| QQQE | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -33.91% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -7.17% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -11.59% | -9.79% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -23.55% | -8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -3.77% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -6.77% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 1.98% | +0.81% |
Volatility
QQQE vs. RAAX - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a higher volatility of 7.04% compared to VanEck Inflation Allocation ETF (RAAX) at 4.67%. This indicates that QQQE'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
| QQQE | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 4.67% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 12.21% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 14.18% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 15.70% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 15.79% | +5.00% |
QQQE vs. RAAX - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Dividends
QQQE vs. RAAX - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.53%, less than RAAX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.53% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
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
QQQE and RAAX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQE has higher volatility (7.04%) compared to RAAX (4.67%). In terms of maximum drawdown, QQQE dropped -32.14% vs RAAX's -33.91%.
On 5-year performance, RAAX leads with 13.17% vs 9.60% for QQQE. On fees, QQQE is cheaper at 0.35% 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, RAAX has performed better with a 13.17% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.78% for RAAX.
RAAX has the higher dividend yield at 1.99%, compared with 0.53% for QQQE.
QQQE is categorized as Nasdaq-100, while RAAX is Diversified Portfolio. They also come from different issuers: Direxion and VanEck. Their fees differ too: 0.35% for QQQE and 0.78% for RAAX.
RAAX currently has the higher Sharpe Ratio (2.37 vs 1.63), 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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