VanEck Real Assets ETF ( RAAX ) is typically described as an inflation hedge. That description is broadly accurate, but it doesn’t cover the whole story. RAAX is not designed to compound capital like equities, nor to serve asAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ( ...