RAAX vs. SPY
Compare and contrast key facts about VanEck Inflation Allocation ETF (RAAX) and SPDR S&P 500 ETF (SPY).
RAAX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAAX or SPY.
Correlation
The correlation between RAAX and SPY is 0.51, 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.
Performance
RAAX vs. SPY - Performance Comparison
Key characteristics
RAAX:
0.93
SPY:
2.21
RAAX:
1.33
SPY:
2.93
RAAX:
1.16
SPY:
1.41
RAAX:
1.06
SPY:
3.26
RAAX:
5.07
SPY:
14.43
RAAX:
2.43%
SPY:
1.90%
RAAX:
13.18%
SPY:
12.41%
RAAX:
-33.91%
SPY:
-55.19%
RAAX:
-6.49%
SPY:
-2.74%
Returns By Period
In the year-to-date period, RAAX achieves a 11.28% return, which is significantly lower than SPY's 25.54% return.
RAAX
11.28%
-4.79%
4.87%
11.85%
6.47%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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RAAX vs. SPY - Expense Ratio Comparison
RAAX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RAAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
RAAX vs. SPY - Dividend Comparison
RAAX's dividend yield for the trailing twelve months is around 3.29%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 3.29% | 3.66% | 1.52% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RAAX vs. SPY - Drawdown Comparison
The maximum RAAX drawdown since its inception was -33.91%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RAAX and SPY. For additional features, visit the drawdowns tool.
Volatility
RAAX vs. SPY - Volatility Comparison
VanEck Inflation Allocation ETF (RAAX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.79% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.