Choosing between a cordless ratchet and an impact driver starts with the fastener task, not the small gap in listed price. The Milwaukee M12 3/8-inch ratchet is a compact, dedicated ratcheting tool, while the Milwaukee M18 1/4-inch hex model is an impact driver. Both are listed as new Milwaukee tools with lithium-ion battery technology and no battery included, but their drive formats point toward different work.
Quick verdict
Pick the New Milwaukee Fuel 2567-20 M12 12V 12 Volt High Speed 3/8" Cordless Ratchet when a 3/8-inch cordless ratchet is the tool your work calls for. Its listed 0-450 RPM speed, 35 ft-lb torque, and 1.7-pound tool weight give it a clearly defined compact-ratchet profile.
Choose the Milwaukee 2953-20 M18 FUEL 1/4" Hex Impact Driver when you specifically need a 1/4-inch hex impact driver. It carries the lower listed price of the pair; the gap between the two listings is $11.99.
At-a-glance comparison
| Detail | Milwaukee M12 3/8-inch Cordless Ratchet | Milwaukee M18 1/4-inch Hex Impact Driver |
|---|---|---|
| Listed price | USD 129.49 | USD 117.50 |
| Tool format | 3/8-inch cordless ratchet | 1/4-inch hex impact driver |
| Listed condition | New | New |
| Battery included | No | No |
| Battery technology | Lithium-ion | Lithium-ion |
| Listed compact detail | 1.7 lb; compact feature | - |
Where each tool wins
M12 3/8-inch cordless ratchet: compact ratcheting work
The M12 2567-20 is the direct fit for shoppers who want the action and 3/8-inch format named in its title: a high-speed cordless ratchet. Its stated 0-450 RPM range and 35 ft-lb torque add useful specificity for comparing it with a general-purpose impact-driver format. The listed 1.7-pound tool weight and compact feature also make its form factor a central part of the choice.
M18 1/4-inch hex impact driver: dedicated hex-driver format
The M18 2953-20 is the more fitting selection when the priority is explicitly a 1/4-inch hex impact driver. Rather than trying to make a ratchet fill that role, choose the tool whose title identifies it as an impact driver. It is also the lower-priced listing, which matters if either tool format would meet the immediate need.
Product notes
New Milwaukee Fuel 2567-20 M12 12V 12 Volt High Speed 3/8" Cordless Ratchet
Choose this Milwaukee ratchet for a compact 3/8-inch cordless-ratchet format with stated operating figures: 0-450 RPM and 35 ft-lb of torque. Those details make it the more targeted option for work where a ratchet, rather than a hex impact driver, is the intended tool. At about 1.7 pounds, its listed weight further supports a compact-tool preference. The limitation is straightforward: it is offered without a battery or charger, so the listed USD 129.49 covers the tool and operator's manual rather than a battery-and-charger package. It also should be chosen for its 3/8-inch ratchet format, not as a substitute for a 1/4-inch hex impact driver.
Milwaukee 2953-20 M18 FUEL 1/4" Hex Impact Driver ⭐️NEW
The reason to select the Milwaukee 2953-20 is its clearly named 1/4-inch hex impact-driver format. That makes the decision easy for shoppers whose work calls for an impact driver instead of a cordless ratchet. It is listed as new and uses lithium-ion battery technology, matching the battery technology stated for the M12 ratchet. Its USD 117.50 listed price is the lower of the two options, while keeping the choice centered on the tool type needed. The key limitation is that no battery is included. Also, the impact-driver format is purposefully different from the M12 model's 3/8-inch ratchet format, so it is not the pick when a cordless ratchet is the requirement.
Final choice by use case
For compact 3/8-inch ratcheting and the stated 0-450 RPM and 35 ft-lb specifications, choose the Milwaukee M12 2567-20 cordless ratchet. For a dedicated 1/4-inch hex impact-driver format and the lower listed price, choose the Milwaukee M18 2953-20 impact driver. In either case, factor in that the listed tool does not include a battery.

