Reckoner Leveraged AAA CLO ETF (RAAA) belongs to the CLO category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RAAA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RAAA
RAAA charges 0.30% annually. There are 13 ETFs in the CLO category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 0.19% | 10.16B | Jul 2023 | RAAA vs PAAA | |
| TCW AAA CLO ETF | 0.20% | 480.83M | Nov 2024 | RAAA vs ACLO | |
| Panagram AAA CLO ETF | 0.20% | 283.93M | Jul 2023 | RAAA vs CLOX | |
| Janus Henderson AAA CLO ETF | 0.20% | 27.32B | Oct 2020 | RAAA vs JAAA | |
| Fidelity AAA CLO ETF | 0.20% | 28.75M | Feb 2026 | RAAA vs FAAA |
Best Risk-Adjusted Alternatives to RAAA
Among 16 ETFs in the CLO category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 99 | 10.16B | Jul 2023 | RAAA vs PAAA | |
| BlackRock AAA CLO ETF | 99 | 2.15B | Jan 2023 | RAAA vs CLOA | |
| TCW AAA CLO ETF | 99 | 480.83M | Nov 2024 | RAAA vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | RAAA vs PCLO | |
| Janus Henderson AAA CLO ETF | 98 | 27.32B | Oct 2020 | RAAA vs JAAA |
Top Performing RAAA Alternatives (YTD)
RAAA is at 2.18% YTD. There are 4 ETFs in the CLO category with higher YTD returns, going as high as 2.79%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares BBB-B CLO Active ETF | 2.79% | 74.45M | Jan 2025 | RAAA vs BCLO | |
| Panagram Bbb-B Clo ETF | 2.53% | 825.65M | Jan 2023 | RAAA vs CLOZ | |
| AAM Crescent CLO ETF | 2.34% | 51.28M | Oct 2025 | RAAA vs CLOC | |
| TCW AAA CLO ETF | 2.21% | 480.83M | Nov 2024 | RAAA vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | 2.11% | 466.41M | Dec 2022 | RAAA vs ICLO |
Lowest Volatility Alternatives to RAAA
RAAA has 1.39% 1-year volatility. There are 11 ETFs in the CLO category with lower 1-year volatility, going as low as 0.49%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 0.49% | 10.16B | Jul 2023 | RAAA vs PAAA | |
| BlackRock AAA CLO ETF | 0.71% | 2.15B | Jan 2023 | RAAA vs CLOA | |
| TCW AAA CLO ETF | 0.73% | 480.83M | Nov 2024 | RAAA vs ACLO | |
| Janus Henderson AAA CLO ETF | 0.85% | 27.32B | Oct 2020 | RAAA vs JAAA | |
| Columbia AAA CLO ETF | 0.89% | 10.28M | Dec 2025 | RAAA vs AAAC |
Lowest Drawdown Alternatives to RAAA
Among 16 ETFs in the CLO category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | -0.17% | 10.16B | Jul 2023 | RAAA vs PAAA | |
| BlackRock AAA CLO ETF | -0.18% | 2.15B | Jan 2023 | RAAA vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | RAAA vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 480.83M | Nov 2024 | RAAA vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | -0.35% | 466.41M | Dec 2022 | RAAA vs ICLO |
Often Compared With RAAA
Investors most often compare RAAA with FCLO, HSRT, SPY. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare RAAA with Any Fund or Stock
Compare RAAA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RAAA with funds that move differently
Reckoner Leveraged AAA CLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RAAA.
Explore RAAA Diversifiers