RAAX vs. LCR

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Inflation Allocation ETF (RAAX) and Leuthold Core ETF (LCR).

RAAX and LCR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAAX is an actively managed fund by VanEck. It was launched on Apr 9, 2018. LCR is an actively managed fund by The Leuthold Group LLC. It was launched on Jan 6, 2020.

Performance

RAAX vs. LCR - Performance Comparison

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

RAAX vs. LCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RAAX VanEck Inflation Allocation ETF	16.55%	26.74%	12.50%	6.71%	1.51%	21.56%	-9.15%
LCR Leuthold Core ETF	-2.16%	12.43%	8.68%	12.80%	-7.58%	12.12%	13.28%

Returns By Period

In the year-to-date period, RAAX achieves a 16.55% return, which is significantly higher than LCR's -2.16% return.

RAAX

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

LCR

• 1D: 1.65%
• 1M: -4.26%
• YTD: -2.16%
• 6M: -0.55%
• 1Y: 10.25%
• 3Y*: 9.58%
• 5Y*: 6.14%
• 10Y*: —

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

RAAX vs. LCR - Expense Ratio Comparison

RAAX has a 0.78% expense ratio, which is lower than LCR's 0.79% expense ratio.

LCR

Leuthold Core ETF

RAAX

VanEck Inflation Allocation ETF

Return for Risk

RAAX vs. LCR — Risk / Return Rank

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

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

LCR

LCR Risk / Return Rank: 66
LCR Sharpe Ratio Rank: 65
LCR Sortino Ratio Rank: 66
LCR Omega Ratio Rank: 61
LCR Calmar Ratio Rank: 69
LCR Martin Ratio Rank: 69

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.

RAAX vs. LCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) and Leuthold Core ETF (LCR). 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.

	RAAX	LCR	Difference
Sharpe ratio Return per unit of total volatility	2.25	1.14	+1.12
Sortino ratio Return per unit of downside risk	2.88	1.66	+1.22
Omega ratio Gain probability vs. loss probability	1.43	1.23	+0.21
Calmar ratio Return relative to maximum drawdown	3.27	1.76	+1.51
Martin ratio Return relative to average drawdown	16.58	6.96	+9.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RAAX vs. LCR - Sharpe Ratio Comparison

The current RAAX Sharpe Ratio is 2.25, which is higher than the LCR Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of RAAX and LCR, 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

	RAAX	LCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.14	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.68	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.67	-0.06

Correlation

The correlation between RAAX and LCR is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RAAX vs. LCR - Dividend Comparison

RAAX's dividend yield for the trailing twelve months is around 2.01%, more than LCR's 1.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
RAAX VanEck Inflation Allocation ETF	2.01%	2.34%	1.91%	3.66%	1.53%	8.72%	6.27%	2.37%	0.56%
LCR Leuthold Core ETF	1.40%	1.37%	1.86%	1.60%	0.75%	0.21%	0.62%	0.00%	0.00%

Drawdowns

RAAX vs. LCR - Drawdown Comparison

The maximum RAAX drawdown since its inception was -33.91%, which is greater than LCR's maximum drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for RAAX and LCR.

Drawdown Indicators

	RAAX	LCR	Difference
Max Drawdown Largest peak-to-trough decline	-33.91%	-17.44%	-16.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-6.02%	-5.57%
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	-13.40%	-10.15%
Current Drawdown Current decline from peak	-3.00%	-4.47%	+1.47%
Average Drawdown Average peak-to-trough decline	-6.90%	-2.89%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.52%	+0.77%

Volatility

RAAX vs. LCR - Volatility Comparison

VanEck Inflation Allocation ETF (RAAX) has a higher volatility of 5.02% compared to Leuthold Core ETF (LCR) at 3.51%. This indicates that RAAX's price experiences larger fluctuations and is considered to be riskier than LCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RAAX	LCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	3.51%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	6.07%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.45%	9.06%	+7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	9.08%	+6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.86%	11.49%	+4.37%