First off RAW is just that... RAW data. It has no colour. It's a black and white file with meta data. So none of the colour info is baked in.
With ProRes the image is a process version of the RAW data. It has been de-bayered, a white balance has been applied, a LUT has been applied and then its been scaled and compressed before being written to a file.
While the quality is still very high you lose things like:
Resolution (2.5k vs 1080p)
Bit depth (12bit vs 10bit)
Colour (no colour burnt in vs Film or Video LUT applied)
Colour balance (no CB applied vs on of the presets burnt in)
Dynamic range (a lot more data is still on the RAW file so you may be able to get more out of your highlights and shadows)
Once you process your RAW files, set the white balance and apply a LUT, the image you are working with is very similar to the ProRes file. You do however have more bit depth so you can push and pull your colours to much more extreme lengths before you start to see banding.