IQ

RAAX · VanEck Real Assets ETF

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$38.77
−1.2% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

RAAX is actively managed and returned +16.5% over the past year.

Why did RAAX return +98.6% from Apr 2018 to Oct 2026, against VOO’s +223.9%?Is a 0.55% fee low for a fund like RAAX?What does RAAX cost to hold and to trade?
Equity fund · Actively managedVanEck ↗Expense ratio 0.55%Fund assets $1.4bn on Nov 3, 2026First traded Apr 10, 2018Benchmark Its own holdings, as of Nov 3, 2026; its shareholder report compares it with the S&P 500 Index, but its daily returns fit VOO's at R-squared 0.145 over the year to Nov 4, 2026 (251 days), under the 0.35 it needs to return to itSEC filings ↗Every VanEck fund ETFIQ coversDividend history

RAAX returned +16.5% over the year to Nov 4, 2026, charges 0.55% a year and holds $1.4bn in net assets on Nov 3, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about RAAXAdd to portfolioOverlapAlerts

RAAX risk and return scorecard

vs VOO, its stated benchmark (secondary) · Apr 2018 to Oct 2026 · 445 weekly returns · dividend-adjusted

8.5 years
RAAX +98.6%, VOO +223.9%, Apr 2018 to Oct 2026, distributions reinvested.

Secondary: VOO tracks the S&P 500 Index, named in its shareholder report. Its own benchmark is its holdings, which have no weekly prices.

Return
MeasureRAAXVOOEdge
Total return+98.6%+223.9%VOO
Annualized+8.3%+14.7%VOO
Price return+52.0%+183.6%VOO
Risk
MeasureRAAXVOOEdge
Volatility16.1%17.9%RAAX (slight)
Max drawdown−33.7%−31.8%VOO (slight)
Upside capture36.0%100.0%VOO
Downside capture54.7%100.0%RAAX
Risk-adjusted
MeasureRAAXVOOEdge
Sharpe ratio0.410.70VOO
Sortino ratio0.541.02VOO
Alpha vs VOO
MeasureRAAXVOOEdge
Alpha, a year−0.5%Not significant
Alpha t-stat−0.11
Beta to VOO0.561.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

RAAX −4.1%: total return over one month to Nov 4, 2026.
RAAX−4.1%
RAAX −3.1%: total return over three months to Nov 4, 2026.
RAAX−3.1%
RAAX −8.5%: total return over six months to Nov 4, 2026.
RAAX−8.5%
RAAX +11.0%: total return over the year to Nov 4, 2026.
RAAX+11.0%
RAAX +16.5%: total return over one year to Nov 4, 2026.
RAAX+16.5%
RAAX +62.1%: total return over three years to Nov 4, 2026.
RAAX+62.1%
RAAX +67.8%: total return over five years to Nov 4, 2026.
RAAX+67.8%
RAAX +98.1%: total return since launch to Nov 4, 2026.
RAAX+98.1%
askIQ: what drove RAAX’s returns? ↗

How concentrated, and what does it cost?

No index, actively managed
+16.5%
Total return, 1 year
Report
0.55%
Expense ratio
Report
199
Holdings
Report
−9.2%
Below its high
Report
2.4%
12-month yield, capital gains included, on its starting price
Report
$0.8163
Last payment (paid annually), ex-date Dec 29, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.55% fee low for a fund like RAAX? ↗

More on RAAX

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Price and total return, 1 year

$38.77−1.2%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

RAAX returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−4.1%−1.0%
3M Aug 5 – Nov 4, 2026−3.1%−0.1%
6M May 6 – Nov 4, 2026−8.5%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+11.0%+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+16.5%+14.8%
3Y Nov 3, 2023 – Nov 4, 2026+62.1%+82.9%
5Y Nov 5, 2021 – Nov 4, 2026+67.8%+75.0%
Since launch Apr 10, 2018 – Nov 4, 2026+98.1%+229.2%
Since launch, annualised Apr 10, 2018 – Nov 4, 2026+8.3%–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

RAAX key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$42.70 on May 11, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$34.23 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$38.77, 54% of the way from the low to the high
Holdings199
Top ten weight52.4%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · RAAXas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Nov 2 close+0.33%
−0.5%95% of days within ±0.33% · the 1% band is off this scale+0.5%
How to tradeSpread not read.Its holdings close before New York; its price can drift from value late in the day.
Full trading page: components, premium history, dealers →

RAAX for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
RAAX interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

RAAX is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

RAAX top ten by weight, 52.4% of the fund, of its 199 equity positions, from the holdings published by its issuer for Nov 3, 2026. Source: the issuer’s own daily file.

VanEck Commodity Strategy ETF PIT 25.04%
VanEck Merk Gold Shares OUNZ 17.78%
Exxon Mobil Corp XOM 2.13%
Chevron Corp CVX 1.82%
Williams Cos Inc WMB 1.30%
Quanta Services Inc PWR 0.94%
Oneok Inc OKE 0.91%
Kinder Morgan Inc KMI 0.89%
Eaton Corp Plc ETN 0.81%
Tc Energy Corp not published 0.79%
Holdings, the issuer’s own daily file ↗See all 199 holdings →Check overlap with another fund →

Source: VanEck’s daily holdings file. Data as of Nov 3, 2026. Updated each trading day. Last checked Nov 4, 2026.

About RAAX

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · Global large-cap blend
Expense ratio (497 XBRL, Jul 30, 2026)0.55%
Price$38.77
First tradedApr 10, 2018
Net assets (the issuer’s daily holdings, added up, as of Nov 3, 2026)$1.4bnReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Nov 3, 2026; its shareholder report compares it with the S&P 500 Index, but its daily returns fit VOO's at R-squared 0.145 over the year to Nov 4, 2026 (251 days), under the 0.35 it needs to return to it
Stated benchmark (secondary)S&P 500 Index (from its shareholder report), priced by VOO
RAAX, 1 year to Nov 4, 2026 (secondary)+16.5%
VOO, the same days (secondary)+14.8%
Against its stated benchmark, 1 year (secondary)+1.7 pts
Daily R-squared against VOO, 1 year to Nov 4, 2026 (secondary)0.14
Below its high (ETFIQ)−9.2%
Holdings199
Top ten weight52.4%
Cash, not in the top ten0.1%
Holdings published for (the issuer’s daily file)Nov 3, 2026
Holdings as of the close of (the issuer’s daily file)Nov 3, 2026
Already in the S&P 500, by weight (ETFIQ)21.0%
Active share vs the S&P 500 (ETFIQ)93.3%
Already in the Nasdaq-100, by weight (ETFIQ)2.0%
IQ Investment Committee on RAAX

12 seats on RAAX, as of Nov 4, 2026: 1 Mixed, 3 Challenges, 8 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationNot enough data
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put RAAX to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about RAAX

How has RAAX performed?
Over the year to Nov 4, 2026, RAAX returned +16.5% with distributions reinvested. Over three years the number is +62.1%.
What does RAAX cost?
The prospectus expense ratio is 0.55% a year.
What does RAAX hold?
199 positions as published by its issuer for Nov 3, 2026, with the top ten at 52.4% of the fund. 21% of its weight is in stocks the S&P 500 also holds.
How far is RAAX below its high?
9.2% below its high of May 11, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, RAAX and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.55%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $1.4bnThe issuer’s daily holdings, added up · Nov 3, 2026
HoldingsHoldings, the issuer’s own daily file · Nov 3, 2026 ↗
IssuerVanEck website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, RAAX, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/raax

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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RAAX: RAAX over 1 year: total return +16.5%. Data to Nov 4, 2026.
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<figcaption style="font:13px/1.5 sans-serif">RAAX: RAAX over 1 year: total return +16.5%. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/raax">ETFIQ</a></figcaption>
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