RAAX vs. RLY ETF Comparison

Comparison of VanEck Vectors Real Asset Allocation ETF (RAAX) to SPDR SSgA Multi Asset Real Return ETF (RLY)

RAAX

VanEck Vectors Real Asset Allocation ETF

RAAX Description

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.27

Average Daily Volume

22,243

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

RLY

SPDR SSgA Multi Asset Real Return ETF

RLY Description

The investment seeks to achieve real return consisting of capital appreciation and current income. The fund invests substantially all of its assets in the SSgA Multi-Asset Real Return Portfolio, a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, the fund invests indirectly through the Portfolio. The Portfolio's allocation among those asset classes will be in proportions consistent with the Adviser's evaluation of the expected returns and risks of each asset class as well as the allocation that, in the Adviser's view, will best meet the Portfolio's investment objective.

Grade (RS Rating)

Last Trade

$28.17

Average Daily Volume

99,553

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	RAAX	RLY
30 Days	-2.04%	-0.49%
60 Days	4.93%	5.74%
90 Days	8.59%	7.07%
12 Months	8.02%	8.13%

1 Overlapping Holdings

	Symbol	Grade	Weight in RAAX	Weight in RLY	Overlap
	MOO	F	1.01%	0.25%	0.25%

RAAX Overweight 9 Positions Relative to RLY

	Symbol	Grade	Weight
	PIT	C	21.14%
	EINC	A	11.92%
	PAVE	C	4.9%
	REZ	A	2.85%
	NLR	A	2.01%
	SLX	C	1.83%
	IAUF	B	1.33%
	GDX	B	1.27%
	PHO	A	1.01%

RAAX Underweight 8 Positions Relative to RLY

	Symbol	Grade	Weight
	GNR	A	-29.02%
	GII	A	-24.92%
	PDBC	B	-17.23%
	TIPX	B	-8.57%
	BIL	A	-4.68%
	WIP	D	-4.56%
	RWX	C	-0.52%
	RWR	C	-0.5%

RAAX: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund American Depositary Receipt Exchange Traded Funds Agribusiness Agricultural Products Agriculture Agronomy Aquaculture Commodity Commodity Markets Depositary Receipt Energy Infrastructure Exchange Traded Products Farm Machinery Fertilizer Food Industry Gold Mining Gold Mining Industry Investment Trust

RLY: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund Bond Real Estate Securities Stock Market Index Agribusiness Agricultural Products Agriculture Agronomy Aquaculture Bond Market Bond Market Indices Commodity Commodity Markets Commodity Trading Advisor Exchange Traded Products Farm Machinery Fertilizer Food Industry