A side-by-side comparison of SMI 3Fourteen REAL Asset Allocation ETF (RAA) and Vanguard Balanced Portfolio (VBAL) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | RAA | VBAL |
|---|---|---|
| YTD Return | +2.63% | +6.82%✓ |
| 1-Day Change | -0.23% | 0.00%✓ |
| 1-Week Change | +0.83%✓ | +0.38% |
| 1-Month Change | +1.16%✓ | -0.33% |
| Current Price | $30.26 | $39.47 |
| AUM | $615M | $6.03B✓ |
| MER (Expense Ratio) | 0.91% | — |
| Dividend Yield | 2.11% | 2.16%✓ |
| Distribution Frequency | — | Quarterly |
| Inception Date | 2025-02-25 | 2018-01-25 |
| Holdings Count | 179 | 7 |
| MorningStar Rating | — | — |
| Category | Balanced Allocation | Balanced Allocation |
| Beta | 0.00 | 1.17 |
| 52-Week High | $30.61 | $40.10 |
| 52-Week Low | $26.10 | $35.49 |
| 50-Day MA | $30.27 | $39.62 |
| 200-Day MA | $29.38 | $38.77 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | RAA | VBAL |
|---|---|---|
| YTD | +2.63% | +6.82%✓ |
| 1 Year | +10.81%✓ | +8.48% |
| 3 Year | — | +16.86% |
| 5 Year | — | +7.94% |
| 10 Year | — | +0.00% |
| 1Y Volatility | 10.59% | 6.93% |
| Sharpe Ratio (3Y) | 0.00 | 1.55 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | BKLC | BNY Mellon US Large Cap Core Equity ETF | 14.71% |
| 2 | PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 10.21% |
| 3 | SCHQ | Schwab Long-Term U.S. Treasury ETF | 8.05% |
| 4 | VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares | 6.29% |
| 5 | SCYB | Schwab High Yield Bond ETF | 5.99% |
| 6 | EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.10% |
| 7 | DBMF | iMGP DBi Managed Futures Strategy ETF | 3.36% |
| 8 | SCHP | Schwab U.S. TIPS ETF | 2.92% |
| 9 | VB | Vanguard Index Funds - Vanguard Small-Cap ETF | 2.90% |
| 10 | TBIL | Rbb Fund Inc - Us Treasury 3 Month Bill ETF | 1.95% |
| 1 | VUN | Vanguard US Total Market | 27.25% |
| 2 | VAB | Vanguard Canadian Aggregate Bond | 22.56% |
| 3 | VCN | Vanguard FTSE Canada All Cap | 18.42% |
| 4 | VIU | Vanguard FTSE Developed All Cap ex North Amer Idx ETF | 10.53% |
| 5 | VBG | Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NE) | 8.06% |
| 6 | VBU | Vanguard U.S. Aggregate Bond Index ETF | 7.27% |
| 7 | VEE | Vanguard FTSE Emerging Markets All Cap Index ETF | 4.75% |
Sector Weights
| Sector | RAA | VBAL |
|---|---|---|
| Basic Materials | 8.52% | 7.82% |
| Communication Services | 6.53% | 5.56% |
| Consumer Cyclicals | 7.72% | 7.48% |
| Consumer Defensive | 5.14% | 3.78% |
| Energy | 13.20% | 7.48% |
| Financial Services | 5.74% | 22.22% |
| Healthcare | 6.26% | 6.42% |
| Industrials | 6.42% | 11.23% |
| Real Estate | 4.94% | 2.04% |
| Technology | 32.39% | 23.06% |
| Utilities | 1.55% | 2.36% |
About RAA
The fund is actively managed and allocates its portfolio assets among three asset categories " stocks, bonds, and alternatives. Portfolio assets are chosen using the REAL Asset Allocation ("RAA") strategy developed by an affiliate of the Adviser, 3Fourteen Research, LLC. The RAA strategy is based on a proprietary model that dynamically allocates the portfolio into three broad categories of asset classes: Stocks, Bonds, and Alternatives. The fund is non-diversified.
About VBAL
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Which ETF is Right for You?
Both RAA and VBAL are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, VBAL scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between RAA and VBAL?
RAA (SMI 3Fourteen REAL Asset Allocation ETF) and VBAL (Vanguard Balanced Portfolio) are both Canadian-listed ETFs. Key differences include their AUM ($615M vs $6.03B), dividend yield (2.11% vs 2.16%), and year-to-date performance (+2.63% vs +6.82%).
Is RAA better than VBAL?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy RAA and VBAL on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both RAA and VBAL should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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