VanEck Inflation Allocation ETF (RAAX) Performance
RAAX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.7% since Dec 31, 2025
- 1 year
- +15.8% total return
- 5 years
- +11.5% a year
- Since first price
- +8.6% a year since 2018
RAAX trailing returns vs SPY, QQQ, AGG
| Period | RAAX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.6% | −2.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.8% | −1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.7% | −4.7% | +7.8% | +8.4% | −1.5% |
| YTD | +13.7% | +13.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.8% | +13.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +69.3%+19.2%/yr | +56.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +72.5%+11.5%/yr | +44.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 10, 2018 | +102.9%+8.6%/yr | +55.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: RAAX vs SPY
From Apr 10, 2018: RAAX grew to $20,293, SPY to $32,599.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RAAX returns by calendar year
6 of 7 full years positive. Best 2025 (+26.7%), worst 2020 (−8.3%). 2026 is year to date.
RAAX annual returns table
| Year | RAAX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.7% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.7% | −11.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.5% | −7.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +6.7% | −9.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +1.5% | −23.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.6% | −7.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −8.3% | −33.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +6.1% | −5.9% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
RAAX largest drawdowns
Now 7.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 21, 2020 | −33.9% | Mar 18, 2020 | Mar 11, 2021 | 26 days | 1.1 years |
| Apr 18, 2022 | −23.5% | Sep 26, 2022 | Apr 8, 2024 | 5 months | 2.0 years |
| Apr 2, 2025 | −11.6% | Apr 8, 2025 | Jun 2, 2025 | 6 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RAAX risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +19.3% | +13.3% | +8.6% |
| Volatility (annualized) | 11.2% | 14.4% | 14.7% |
| Sharpe ratio | 1.25 | 0.69 | 0.46 |
| Sortino ratio | 2.57 | 1.10 | 0.68 |
| Best month | +10.4% | +10.4% | +11.8% |
| Worst month | −4.9% | −10.5% | −17.5% |
| Best 12 months | +45.7% | +45.7% | +46.8% |
| Worst 12 months | +12.5% | −11.7% | −22.3% |
| Positive months | 69% | 65% | 63% |
| Beta vs S&P 500 | 0.28 | 0.57 | — |
| Correlation with S&P 500 | 0.32 | 0.62 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
RAAX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 91 | −22.3% | +11.2% | +46.8% | 73% |
| 3-year (a year) | 67 | +1.7% | +8.4% | +22.8% | 100% |
| 5-year (a year) | 43 | +2.2% | +8.5% | +16.7% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
RAAX performance overview
VanEck Inflation Allocation ETF (RAAX) returned +15.8% over the past year and +11.5% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +8.6% a year, turning $10,000 into about $20,293. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.9%, from Feb 21, 2020 to Mar 18, 2020, and it took 12 months to get back to the old high. RAAX finished 6 of its 7 full calendar years with a gain; the best year was 2025 (+26.7%) and the worst 2020 (−8.3%). Volatility has been 14.7% a year.
Related: RAAX chart, RAAX holdings, RAAX dividends. See the RAAX overview for the latest quote and fund facts.
RAAX performance FAQ
What is the RAAX return over the past year?
RAAX returned +15.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.2%.
What is the average annual return of RAAX?
RAAX has returned +11.5% a year over 5 years, +8.6% a year since April 10, 2018 (total return, distributions reinvested).
How much would $10,000 invested in RAAX be worth?
$10,000 invested in RAAX at its first recorded close on April 10, 2018 would be worth about $20,293 on October 23, 2026 with distributions reinvested.
What was the worst year for RAAX?
The worst calendar year was 2020, with a total return of −8.3%. The best was 2025 at +26.7%.
What is the biggest drawdown of RAAX?
The largest peak-to-trough decline was −33.9% between February 21, 2020 and March 18, 2020. It recovered to the old high on March 11, 2021, 12 months after the bottom.
How volatile is RAAX?
Over the past 3 years RAAX had an annualized volatility of 11.2% and a Sharpe ratio of 1.25 (excess return over 1–3 month T-bills per unit of risk).