RAAX vs. USHY.MI
Compare and contrast key facts about VanEck Inflation Allocation ETF (RAAX) and Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI).
RAAX and USHY.MI 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. USHY.MI is a passively managed fund by Amundi that tracks the performance of the Bloomberg MSCI US Corporate High Yield SRI Sustainable index. It was launched on Feb 19, 2024.
Performance
RAAX vs. USHY.MI - Performance Comparison
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RAAX vs. USHY.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 17.41% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | -0.22% | 7.53% | 7.92% | 11.03% | -12.40% | 2.62% | 4.69% | 12.91% | -2.95% |
Different Trading Currencies
RAAX is traded in USD, while USHY.MI is traded in EUR. To make them comparable, the USHY.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RAAX achieves a 17.41% return, which is significantly higher than USHY.MI's -0.22% return.
RAAX
- 1D
- 0.74%
- 1M
- -2.29%
- YTD
- 17.41%
- 6M
- 21.48%
- 1Y
- 37.59%
- 3Y*
- 20.61%
- 5Y*
- 14.94%
- 10Y*
- —
USHY.MI
- 1D
- 0.11%
- 1M
- -0.86%
- YTD
- -0.22%
- 6M
- -0.01%
- 1Y
- 6.17%
- 3Y*
- 7.64%
- 5Y*
- 2.86%
- 10Y*
- —
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RAAX vs. USHY.MI - Expense Ratio Comparison
RAAX has a 0.78% expense ratio, which is higher than USHY.MI's 0.25% expense ratio.
Return for Risk
RAAX vs. USHY.MI — Risk / Return Rank
RAAX
USHY.MI
RAAX vs. USHY.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) and Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI). 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 | USHY.MI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 1.02 | +1.28 |
Sortino ratioReturn per unit of downside risk | 2.93 | 1.41 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.20 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 3.27 | 1.06 | +2.20 |
Martin ratioReturn relative to average drawdown | 16.54 | 5.57 | +10.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RAAX | USHY.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 1.02 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.40 | +0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.46 | +0.15 |
Correlation
The correlation between RAAX and USHY.MI is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RAAX vs. USHY.MI - Dividend Comparison
RAAX's dividend yield for the trailing twelve months is around 1.99%, less than USHY.MI's 4.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.98% | 5.03% | 3.29% | 5.61% | 5.95% | 5.86% | 6.17% | 5.53% | 4.73% | 3.61% |
Drawdowns
RAAX vs. USHY.MI - Drawdown Comparison
The maximum RAAX drawdown since its inception was -33.91%, which is greater than USHY.MI's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for RAAX and USHY.MI.
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Drawdown Indicators
| RAAX | USHY.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -22.33% | -11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -7.12% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -11.75% | -11.80% |
Current DrawdownCurrent decline from peak | -2.29% | -5.80% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -4.96% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 6.31% | -4.02% |
Volatility
RAAX vs. USHY.MI - Volatility Comparison
VanEck Inflation Allocation ETF (RAAX) has a higher volatility of 4.55% compared to Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) at 2.19%. This indicates that RAAX's price experiences larger fluctuations and is considered to be riskier than USHY.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAAX | USHY.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 2.19% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 4.49% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 8.10% | +8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 8.17% | +7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 9.71% | +6.15% |