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RAAX

GradeBNew York Stock Exchange Arca

VanEck Real Assets ETF

Multi-Asset & Alternatives · VanEck · Inception 2018-04-09 · SEC filings

$40.77−0.26 (−0.63%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 59 prints from 41.03 to 40.77. Range 40.67 to 40.84. Use the arrow keys to read each point.$40.70$40.80$40.8510 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$1.4B
1Y return
+24.0%
Yield · Last 12 months
1.99%
Volume · 30D
0.3M sh
NAV per share
$40.92
52W range
low $33.80high $42.75

The ETF.net RAAX Grade

B

58/ 100

Rank 17 of 38 in Multi-Asset Allocation⁠

Confidence High

Six-pillar profile for RAAX. Scores out of 100: Cost 55, Risk 40, Mission 63, Tradability 64, Holdings 58, Durability 88. Strongest: Durability (88). Weakest: Risk (40). Leans toward Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank18/38 · top 47%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 63
    Category rank18/30 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 40
    Category rank28/36 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank15/38 · top 39%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 58
    Category rank17/34 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 88
    Category rank3/38 · top 8%

Graded as of Sep 22, 2026

Our read on RAAX

ETF.net Research

BOne ticker for the stuff you can touch: commodities, resource stocks, REITs, pipelines, MLPs and gold, bundled through other ETFs and actively re-mixed with an eye on sustained drawdowns. VanEck has run it since 2018.

Stated mandate

The Fund seeks long-term total return, aiming to maximize real returns while reducing downside risk during sustained declines. It primarily uses exchange-traded products for exposure to commodities, natural-resource equities, REITs, infrastructure, MLPs, and gold, including gold-mining equities.

Why people hold it

  1. 01One ticker covers commodities, natural-resource equities, REITs, infrastructure, MLPs and gold (miners included), instead of stitching five funds together yourself.vaneck.com
  2. 020.55% a year, below the typical expense ratio in its multi-asset allocation group.
  3. 03The mandate is active, not a fixed basket: aim at real returns while trimming exposure during sustained declines.vaneck.com
  4. 04Billions in assets and steady day-to-day trading keep the friction of moving in and out of a tactical sleeve manageable.

Worth knowing

  1. 01Gold miners, MLPs and commodity futures lurch in ways a plain stock-and-bond blend does not; that volatility is the price of the diversification.
  2. 020.55% is modest for a tactical multi-asset fund, but vanilla allocation ETFs like AOA (0.19%) and NTSX (0.20%) cost far less.
  3. 03It owns other ETFs and reshuffles them, so the mix under the hood can look quite different from one stretch to the next.

RAAX Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Other
Holdings
—
Top-10 weight
56%
Largest holding
PIT25.2%

Sectors

  • Energy35.7%
  • Industrials31.3%
  • Materials17.5%
  • Utilities8.4%
  • Real Estate5.4%
  • Health Care0.8%
  • Technology0.7%
  • Consumer Discr.0.3%

Geography

  • United States83.95%
  • Canada5.94%
  • Ireland2.09%
  • Germany1.63%
  • Japan0.91%
  • Switzerland0.83%
  • United Kingdom0.83%
  • Korea (the Republic of)0.76%
  • Other countries (7)3.07%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PITVanEck Commodity Strategy ETF25.23%4,165,682$347M2
002OUNZVanEck Merk Gold Shares19.71%6,493,165$271M1
003WMBWilliams Cos Inc/The1.81%347,325$25M361
004TRGPTarga Resources Corp1.69%81,741$23M340
005KMIKinder Morgan Inc1.66%730,038$23M342
006VLOValero Energy Corp1.19%39,805$16M395
007TRP.TOTc Energy Corp1.19%266,020$16M87
008MPCMarathon Petroleum Corp1.19%38,755$16M391
009PWRQuanta Services Inc1.17%26,172$16M355
010CSXCsx Corp1.16%334,353$16M369
011NEMNewmont Corp1.16%128,190$16M428
012PSXPhillips 661.08%53,935$15M368
013—-USD CASH-0.96%13,211,633$13M59
014ALA.TOAltagas Ltd0.90%323,692$12M64
015WELLWelltower Inc0.90%53,141$12M331

Showing 1–15 of 118 holdings

RAAX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

RAAX$12,403
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. RAAX $12,403. SPY $11,723. Use the arrow keys to read each point.$9,261$11,219$13,178Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RAAX. Periods over one year show the average yearly return.
PeriodRAAX
Year to date+17.5%
1 month−2.3%
3 months+1.9%
1 year+24.0%
3 years+19.7%per year
5 years+14.1%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RAAX
YearReturn barRAAX
2026 YTD+17.5%
2025+26.8%
2024+12.5%
2023+6.7%
2022+1.5%
2021+21.5%
2020−8.3%

RAAX in the news

ETF.net Research hasn’t filed on RAAX yet — coverage lands here as it’s written.

RAAX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.99%Last 12 months
Payout per share
$0.82Last 12 months
Last payment
$0.82 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2018–2026

One bar per payment. 8 payments from 2018 to 2026 YTD. Dec 20, 2018 $0.14; Dec 23, 2019 $0.61; Dec 29, 2020 $1.39; Dec 29, 2021 $2.16; Dec 28, 2022 $0.38; Dec 27, 2023 $0.94; Dec 27, 2024 $0.54; Dec 29, 2025 $0.82. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$0.82
Dec 27, 2024Dec 30, 2024$0.54
Dec 27, 2023Dec 29, 2023$0.94
Dec 28, 2022Dec 30, 2022$0.38
Dec 29, 2021Dec 31, 2021$2.16
Dec 29, 2020Jan 5, 2021$1.39
Dec 23, 2019Dec 30, 2019$0.61
Dec 20, 2018Dec 27, 2018$0.14

RAAX Risk

How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.28
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.5%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

RAAX Cost

Expense ratio0.55%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

16 of the 37 Multi-Asset Allocation funds charge less.

RAAX costs $55.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.