RAAX vs SMMU

Comparison between VANECK REAL ASSETS ETF (RAAX, ETF) and PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF).

5-Year PerformanceRAAX has outperformed SMMU, delivering a return of +13.6% compared to +1.9%

RAAX vs SMMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RAAX(ETF)	SMMU(ETF)
Net Assets	$1.10B	$1.20B
Expense Ratio	0.55%	0.35%
Max Drawdown	35.22%	5.87%
Sharpe Ratio	1.57	-0.92
5Y Beta	0.44	0.00
5Y Dividends CAGR	-10.12%	25.78%

Net Assets

RAAX

$1.10B

Winner

SMMU

$1.20B

Expense Ratio

RAAX

0.55%

Winner

SMMU

0.35%

Max Drawdown

RAAX

35.22%

Winner

SMMU

5.87%

Sharpe Ratio

Winner

RAAX

1.57

SMMU

-0.92

5Y Beta

RAAX

0.44

Winner

SMMU

0.00

5Y Dividends CAGR

RAAX

-10.12%

Winner

SMMU

25.78%

RAAX vs SMMU - Historical Returns

Returns include dividend reinvestment.

Period	RAAX	SMMU
1 month	+3.13%	+0.07%
3 months	-3.59%	+0.51%
6 months	+3.16%	+0.52%
1 year	+29.68%	+2.71%
5 years(CAGR)	+13.60%	+1.93%
10 years(CAGR)	+9.14%	+1.81%
Max(CAGR)	+9.14%	+1.52%

Winner

RAAX

+3.13%

SMMU

+0.07%

RAAX

-3.59%

Winner

SMMU

+0.51%

Winner

RAAX

+3.16%

SMMU

+0.52%

Winner

RAAX

+29.68%

SMMU

+2.71%

5Y(CAGR)

Winner

RAAX

+13.60%

SMMU

+1.93%

10Y(CAGR)

Winner

RAAX

+9.14%

SMMU

+1.81%

Max(CAGR)

Winner

RAAX

+9.14%

SMMU

+1.52%

RAAX vs SMMU - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	RAAX	SMMU
2026	+14.68%	+1.25%
2025	+23.89%	+4.06%
2024	+11.77%	+2.65%
2023	+7.76%	+4.19%
2022	+1.33%	-2.49%
2021	+20.67%	+0.18%
2020	-8.43%	+2.85%
2019	+6.13%	+3.34%
2018	-2.41%	+1.45%
2017	N/A	+1.72%
2016	N/A	-0.96%
2015	N/A	+0.97%
2014	N/A	+0.38%
2013	N/A	+0.15%
2012	N/A	+1.19%
2011	N/A	+1.90%
2010	N/A	+0.74%

RAAX vs SMMU Drawdown Comparison

The maximum drawdown for RAAX was -33.91%, occurring on Mar 18, 2020. Recovery took 265 trading sessions.

The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.

The current RAAX drawdown is -5.06%. The current SMMU drawdown is -0.04%.

Rank	RAAX	SMMU
#1	-33.91% Feb 21, 2020 - Mar 11, 2021	-5.09% Mar 9, 2020 - Jun 4, 2020
#2	-23.55% Apr 18, 2022 - Apr 8, 2024	-4.76% Aug 3, 2021 - Nov 22, 2023
#3	-11.59% Apr 2, 2025 - Jun 2, 2025	-3.53% Aug 31, 2016 - Apr 21, 2017
#4	-9.06% May 11, 2026 - Jul 29, 2026	-1.95% Apr 4, 2025 - Jun 5, 2025
#5	-8.68% May 22, 2018 - Jan 3, 2020	-1.87% Apr 19, 2013 - Feb 28, 2014
#6	-7.93% Nov 9, 2021 - Feb 25, 2022	-1.43% Sep 29, 2010 - May 16, 2011
#7	-7.18% Jun 10, 2021 - Oct 11, 2021	-1.31% Sep 5, 2017 - Jul 23, 2018
#8	-7.15% Nov 22, 2024 - Feb 10, 2025	-1.04% Oct 2, 2024 - Dec 3, 2024
#9	-6.62% Mar 2, 2026 - Apr 30, 2026	-1.04% Jun 6, 2017 - Aug 21, 2017
#10	-6.32% Jan 29, 2026 - Feb 11, 2026	-0.98% Dec 6, 2024 - Feb 4, 2025
#11	-5.37% Mar 8, 2022 - Mar 23, 2022	-0.84% Aug 19, 2019 - Dec 13, 2019
#12	-4.86% Jul 16, 2024 - Aug 26, 2024	-0.78% Sep 10, 2018 - Dec 6, 2018
#13	-4.78% Mar 15, 2021 - Apr 15, 2021	-0.77% Feb 27, 2026 - Jun 11, 2026
#14	-4.75% Apr 11, 2024 - May 17, 2024	-0.71% Aug 3, 2011 - Aug 18, 2011
#15	-4.30% Feb 19, 2025 - Mar 20, 2025	-0.68% Mar 13, 2024 - May 15, 2024

Correlation

Correlation between RAAX and SMMU is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2010 - 2026)

RAAX vs SMMU dividend yield comparison.

Year	RAAX	SMMU
2026	0.00%	1.67%
2025	2.34%	2.80%
2024	1.91%	3.03%
2023	3.66%	2.79%
2022	1.53%	1.37%
2021	8.72%	0.60%
2020	6.27%	1.19%
2019	2.37%	1.82%
2018	0.56%	1.57%
2017	0.00%	1.41%
2016	0.00%	1.03%
2015	0.00%	0.89%
2014	0.00%	0.67%
2013	0.00%	0.50%
2012	0.00%	1.05%
2011	0.00%	1.04%
2010	0.00%	1.05%