RAAX vs. SIVR
RAAX (VanEck Inflation Allocation ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - RAAX is a Diversified Portfolio fund actively managed by VanEck, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). RAAX is actively managed, while SIVR is passively managed. Over the past 5 years, RAAX returned 13.26%/yr vs 20.46%/yr for SIVR. A 0.51 correlation means they provide meaningful diversification when combined. RAAX charges 0.78%/yr vs 0.30%/yr for SIVR.
Performance
RAAX vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, RAAX achieves a 16.55% return, which is significantly higher than SIVR's -1.40% return.
RAAX
- 1D
- -0.92%
- 1M
- -2.75%
- YTD
- 16.55%
- 6M
- 16.67%
- 1Y
- 30.86%
- 3Y*
- 20.30%
- 5Y*
- 13.26%
- 10Y*
- —
SIVR
- 1D
- 3.51%
- 1M
- -8.06%
- YTD
- -1.40%
- 6M
- 9.35%
- 1Y
- 92.86%
- 3Y*
- 42.25%
- 5Y*
- 20.46%
- 10Y*
- 14.57%
RAAX vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 16.55% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
SIVR abrdn Physical Silver Shares ETF | -1.40% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -6.53% |
Correlation
The correlation between RAAX and SIVR is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.51 |
The correlation between RAAX and SIVR has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
RAAX vs. SIVR — Risk / Return Rank
RAAX
SIVR
RAAX vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) and abrdn Physical Silver Shares ETF (SIVR). 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.
| RAAX | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 2.06 | +2.27 |
| Martin ratioReturn relative to average drawdown | 15.50 | 4.44 | +11.07 |
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Drawdowns
RAAX vs. SIVR - Drawdown Comparison
The maximum RAAX drawdown since its inception was -33.91%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for RAAX and SIVR.
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Drawdown Indicators
| RAAX | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -75.85% | +41.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -45.33% | +38.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -45.33% | +33.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -45.33% | +21.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.33% | — |
Current DrawdownCurrent decline from peak | -4.66% | -39.85% | +35.19% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -47.83% | +41.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 21.00% | -19.00% |
Volatility
RAAX vs. SIVR - Volatility Comparison
The current volatility for VanEck Inflation Allocation ETF (RAAX) is 4.71%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.52%. This indicates that RAAX experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAAX | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 16.52% | -11.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 59.14% | -46.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 59.96% | -45.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 36.53% | -20.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 32.05% | -16.26% |
RAAX vs. SIVR - Expense Ratio Comparison
RAAX has a 0.78% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
RAAX vs. SIVR - Dividend Comparison
RAAX's dividend yield for the trailing twelve months is around 2.01%, while SIVR has not paid dividends to shareholders.
| Position | 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% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RAAX and SIVR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.52%) compared to RAAX (4.71%). In terms of maximum drawdown, RAAX dropped -33.91% vs SIVR's -75.85%.
On 5-year performance, SIVR leads with 20.46% vs 13.26% for RAAX. On fees, SIVR is cheaper at 0.30% per year. On volatility, RAAX has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SIVR has performed better with a 20.46% return vs 13.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.78% for RAAX.
RAAX has the higher dividend yield at 2.01%, compared with 0.00% for SIVR.
RAAX is categorized as Diversified Portfolio, while SIVR is Silver. They also come from different issuers: VanEck and abrdn. Their fees differ too: 0.78% for RAAX and 0.30% for SIVR.
RAAX currently has the higher Sharpe Ratio (2.19 vs 1.56), 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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