RAAX vs. TRVLX

Last updated Jun 4, 2026

RAAX (VanEck Inflation Allocation ETF) and TRVLX (T. Rowe Price Value Fund) are both funds - RAAX is a Diversified Portfolio fund actively managed by VanEck, while TRVLX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 5 years, RAAX returned 13.54%/yr vs 9.18%/yr for TRVLX. A 0.55 correlation means they provide meaningful diversification when combined. RAAX charges 0.78%/yr vs 0.65%/yr for TRVLX.

Performance

RAAX vs. TRVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Inflation Allocation ETF (RAAX) and T. Rowe Price Value Fund (TRVLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RAAX achieves a 19.15% return, which is significantly higher than TRVLX's 12.04% return.

RAAX

• 1D: 0.39%
• 1M: -1.28%
• YTD: 19.15%
• 6M: 19.65%
• 1Y: 37.19%
• 3Y*: 22.13%
• 5Y*: 13.54%
• 10Y*: —

TRVLX

• 1D: 0.85%
• 1M: 1.28%
• YTD: 12.04%
• 6M: 11.77%
• 1Y: 20.34%
• 3Y*: 17.14%
• 5Y*: 9.18%
• 10Y*: 11.58%

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

RAAX vs. TRVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RAAX VanEck Inflation Allocation ETF	19.15%	26.74%	12.50%	6.71%	1.51%	21.56%	-8.27%	6.14%	-2.41%
TRVLX T. Rowe Price Value Fund	12.04%	12.20%	14.98%	12.16%	-11.37%	29.86%	10.48%	26.20%	-7.83%

Correlation

The correlation between RAAX and TRVLX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 11, 2018	0.55

The correlation between RAAX and TRVLX shifts across timeframes, from 0.43 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RAAX vs. TRVLX — Risk / Return Rank

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

RAAX

RAAX Risk / Return Rank: 85
RAAX Sharpe Ratio Rank: 83
RAAX Sortino Ratio Rank: 78
RAAX Omega Ratio Rank: 82
RAAX Calmar Ratio Rank: 90
RAAX Martin Ratio Rank: 90

TRVLX

TRVLX Risk / Return Rank: 52
TRVLX Sharpe Ratio Rank: 46
TRVLX Sortino Ratio Rank: 47
TRVLX Omega Ratio Rank: 44
TRVLX Calmar Ratio Rank: 63
TRVLX Martin Ratio Rank: 60

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. TRVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) and T. Rowe Price Value Fund (TRVLX). 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	TRVLX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.00	+0.75
Sortino ratio: Return per unit of downside risk	3.57	2.90	+0.67
Omega ratio: Gain probability vs. loss probability	1.50	1.36	+0.15
Calmar ratio: Return relative to maximum drawdown	5.64	3.06	+2.58
Martin ratio: Return relative to average drawdown	21.06	12.03	+9.03
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. TRVLX - Sharpe Ratio Comparison

The current RAAX Sharpe Ratio is 2.75, which is higher than the TRVLX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of RAAX and TRVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RAAX	TRVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.00	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.65	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.61	+0.01

Drawdowns

RAAX vs. TRVLX - Drawdown Comparison

The maximum RAAX drawdown since its inception was -33.91%, smaller than the maximum TRVLX drawdown of -60.22%. Use the drawdown chart below to compare losses from any high point for RAAX and TRVLX.

Drawdown Indicators

	RAAX	TRVLX	Difference
Max Drawdown Largest peak-to-trough decline	-33.91%	-60.22%	+26.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.62%	-7.05%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-11.59%	-13.01%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	-20.35%	-3.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.65%	—
Current Drawdown Current decline from peak	-2.53%	-0.63%	-1.90%
Average Drawdown Average peak-to-trough decline	-6.78%	-7.51%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.77%	0.00%

Volatility

RAAX vs. TRVLX - Volatility Comparison

VanEck Inflation Allocation ETF (RAAX) and T. Rowe Price Value Fund (TRVLX) have volatilities of 2.95% and 2.84%, 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.

Volatility by Period

	RAAX	TRVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.84%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	8.58%	+3.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	10.79%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	14.22%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	17.35%	-1.59%

RAAX vs. TRVLX - Expense Ratio Comparison

RAAX has a 0.78% expense ratio, which is higher than TRVLX's 0.65% expense ratio.

Dividends

RAAX vs. TRVLX - Dividend Comparison

RAAX's dividend yield for the trailing twelve months is around 1.96%, less than TRVLX's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RAAX VanEck Inflation Allocation ETF	1.96%	2.34%	1.91%	3.66%	1.53%	8.72%	6.27%	2.37%	0.56%	0.00%	0.00%	0.00%
TRVLX T. Rowe Price Value Fund	4.07%	4.56%	8.50%	2.97%	10.09%	10.92%	2.33%	1.69%	11.09%	5.89%	3.06%	8.77%

Frequently Asked Questions

Can I hold both RAAX and TRVLX in my portfolio?

RAAX and TRVLX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RAAX or TRVLX?

RAAX has higher volatility (2.95%) compared to TRVLX (2.84%). In terms of maximum drawdown, RAAX dropped -33.91% vs TRVLX's -60.22%.

Which has better risk-adjusted returns?

RAAX currently has the higher Sharpe Ratio (2.75 vs 2.00), 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.