XNTK vs. RAAX
XNTK (SPDR NYSE Technology ETF) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - XNTK is a Technology Equities fund tracking the NYSE Technology Index, while RAAX is a Diversified Portfolio fund actively managed by VanEck. XNTK is passively managed, while RAAX is actively managed. Over the past 5 years, XNTK returned 19.92%/yr vs 13.17%/yr for RAAX. At a 0.39 correlation, their price movements are largely independent. XNTK charges 0.35%/yr vs 0.78%/yr for RAAX.
Performance
XNTK vs. RAAX - Performance Comparison
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Returns By Period
In the year-to-date period, XNTK achieves a 32.86% return, which is significantly higher than RAAX's 17.64% return.
XNTK
- 1D
- 0.69%
- 1M
- 9.85%
- YTD
- 32.86%
- 6M
- 32.78%
- 1Y
- 65.70%
- 3Y*
- 39.05%
- 5Y*
- 19.92%
- 10Y*
- 25.25%
RAAX
- 1D
- 2.26%
- 1M
- -1.84%
- YTD
- 17.64%
- 6M
- 17.56%
- 1Y
- 32.08%
- 3Y*
- 21.35%
- 5Y*
- 13.17%
- 10Y*
- —
XNTK vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XNTK SPDR NYSE Technology ETF | 32.86% | 38.06% | 23.49% | 70.13% | -41.07% | 17.63% | 73.91% | 38.08% | -10.77% |
RAAX VanEck Inflation Allocation ETF | 17.64% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
Correlation
The correlation between XNTK and RAAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.39 |
The correlation between XNTK and RAAX shifts across timeframes, from 0.23 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XNTK vs. RAAX — Risk / Return Rank
XNTK
RAAX
XNTK vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and VanEck Inflation Allocation ETF (RAAX). 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.
| XNTK | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 4.68 | -0.95 |
| Martin ratioReturn relative to average drawdown | 12.16 | 16.90 | -4.74 |
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Drawdowns
XNTK vs. RAAX - Drawdown Comparison
The maximum XNTK drawdown since its inception was -72.38%, which is greater than RAAX's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for XNTK and RAAX.
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Drawdown Indicators
| XNTK | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.38% | -33.91% | -38.47% |
Max Drawdown (1Y)Largest decline over 1 year | -17.00% | -7.17% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -28.11% | -11.59% | -16.52% |
Max Drawdown (5Y)Largest decline over 5 years | -48.28% | -23.55% | -24.73% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | — | — |
Current DrawdownCurrent decline from peak | -4.70% | -3.77% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -6.77% | -14.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 1.98% | +3.23% |
Volatility
XNTK vs. RAAX - Volatility Comparison
SPDR NYSE Technology ETF (XNTK) has a higher volatility of 12.53% compared to VanEck Inflation Allocation ETF (RAAX) at 4.67%. This indicates that XNTK's price experiences larger fluctuations and is considered to be riskier than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNTK | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.53% | 4.67% | +7.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.87% | 12.21% | +8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.43% | 14.18% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.25% | 15.70% | +12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 15.79% | +11.03% |
XNTK vs. RAAX - Expense Ratio Comparison
XNTK has a 0.35% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Dividends
XNTK vs. RAAX - Dividend Comparison
XNTK's dividend yield for the trailing twelve months is around 0.17%, less than RAAX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XNTK SPDR NYSE Technology ETF | 0.17% | 0.23% | 0.42% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% |
Frequently Asked Questions
XNTK and RAAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XNTK has higher volatility (12.53%) compared to RAAX (4.67%). In terms of maximum drawdown, XNTK dropped -72.38% vs RAAX's -33.91%.
On 5-year performance, XNTK leads with 19.92% vs 13.17% for RAAX. On fees, XNTK is cheaper at 0.35% per year. On volatility, RAAX has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XNTK has performed better with a 19.92% return vs 13.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XNTK is cheaper with a 0.35% expense ratio, compared with 0.78% for RAAX.
RAAX has the higher dividend yield at 1.99%, compared with 0.17% for XNTK.
XNTK is categorized as Technology Equities, while RAAX is Diversified Portfolio. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.35% for XNTK and 0.78% for RAAX.
XNTK currently has the higher Sharpe Ratio (2.50 vs 2.37), 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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