RAA - SMI 3Fourteen REAL Asset Allocation ETF
RAA launched to replace the external funds being held in a mutual fund that opened in 2013, which pursues the same investment strategy. This replacement allows the Issuer to utilize their own ETF and keep more of the expense ratio of the mutual fund. RAA will invest via other ETFs or mutual funds that provide exposure to stocks, bonds, commodities, alternative investments, and cash.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $608.2M
- Beta
- 0.63
- 52-Week Range
- 24.31-30.38
- Dividend Yield
- $0.64
- IPO Date
- Jul 14, 2014
- Exchange
- NASDAQ
RAA Options Snapshot
Options pricing data for RAA is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The RAA overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked RAA overview questions
- What is RAA?
- RAA is the ticker symbol for SMI 3Fourteen REAL Asset Allocation ETF, an listed exchange-traded fund. RAA launched to replace the external funds being held in a mutual fund that opened in 2013, which pursues the same investment strategy. This replacement allows the Issuer to utilize their own ETF and keep more of the expense ratio of the mutual fund. Listed on NASDAQ. RAA is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are RAA's key statistics?
- SMI 3Fourteen REAL Asset Allocation ETF (RAA) carries a market capitalization of $608.2M, 52-week range of 24.31-30.38. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does RAA belong to?
- SMI 3Fourteen REAL Asset Allocation ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare RAA's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the RAA data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for RAA, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.