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 16 ETFs in the CLO category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO Aggregate Duration ETF | 0.19% | 26.05M | Jun 2026 | RAAA vs AAAD | |
| PGIM AAA CLO ETF | 0.19% | 11.02B | Jul 2023 | RAAA vs PAAA | |
| Fidelity AAA CLO ETF | 0.20% | 60.08M | Feb 2026 | RAAA vs FAAA | |
| TCW AAA CLO ETF | 0.20% | 515.18M | Nov 2024 | RAAA vs ACLO | |
| Columbia AAA CLO ETF | 0.20% | 104.03M | Dec 2025 | RAAA vs AAAC |
Best Risk-Adjusted Alternatives to RAAA
RAAA has a PortfoliosLab risk / return rank of 98. There are 8 ETFs in the CLO category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 99 | 11.02B | Jul 2023 | RAAA vs PAAA | |
| iShares AAA CLO Active ETF | 99 | 2.18B | Jan 2023 | RAAA vs CLOA | |
| TCW AAA CLO ETF | 99 | 515.18M | Nov 2024 | RAAA vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | RAAA vs PCLO | |
| Janus Henderson AAA CLO ETF | 99 | 29.16B | Oct 2020 | RAAA vs JAAA |
Top Performing RAAA Alternatives (YTD)
RAAA is at 3.09% YTD. There is 1 ETF in the CLO category with a higher YTD return, going as high as 3.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eldridge BBB-B CLO ETF | 3.27% | 825.65M | Jan 2023 | RAAA vs CLOZ | |
| AAM Crescent CLO ETF | 3.08% | 51.28M | Oct 2025 | RAAA vs CLOC | |
| iShares BBB-B CLO Active ETF | 3.01% | 84.04M | Jan 2025 | RAAA vs BCLO | |
| TCW AAA CLO ETF | 2.98% | 515.18M | Nov 2024 | RAAA vs ACLO | |
| Palmer Square CLO Senior Debt ETF | 2.93% | 54.56M | Sep 2024 | RAAA vs PSQA |
Lowest Volatility Alternatives to RAAA
RAAA has 1.33% 1-year volatility. There are 15 ETFs in the CLO category with lower 1-year volatility, going as low as 0.43%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin BSP CLO ETF | 0.43% | 50.33M | Jun 2026 | RAAA vs YCLO | |
| NYLI Investment Grade CLO ETF | 0.45% | 41.41M | May 2026 | RAAA vs CLOO | |
| PGIM AAA CLO ETF | 0.47% | 11.02B | Jul 2023 | RAAA vs PAAA | |
| iShares AAA CLO Active ETF | 0.68% | 2.18B | Jan 2023 | RAAA vs CLOA | |
| TCW AAA CLO ETF | 0.72% | 515.18M | Nov 2024 | RAAA vs ACLO |
Lowest Drawdown Alternatives to RAAA
RAAA has a 1-year max drawdown of -0.71%. There are 10 ETFs in the CLO category with shallower 1-year drawdowns, going as shallow as -0.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | -0.17% | 11.02B | Jul 2023 | RAAA vs PAAA | |
| iShares AAA CLO Active ETF | -0.18% | 2.18B | 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% | 515.18M | Nov 2024 | RAAA vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | -0.31% | 519.68M | Dec 2022 | RAAA vs ICLO |
Other ETFs from Reckoner
The 5 most viewed Reckoner ETFs shown here include RCLO, RAAR, RAAY and span 2 categories. AUM among these funds goes as high as $28M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Reckoner BBB-B CLO ETF | Actively Managed, CLO | — | 2.58% | 27.54M | Oct 2025 | RAAA vs RCLO | |
| Reckoner Yield Enhanced AAA CLO Reinvesting ETF | Actively Managed, CLO | — | — | 12.51M | Feb 2026 | RAAA vs RAAR | |
| Reckoner Yield Enhanced AAA CLO Annual ETF | Actively Managed, CLO | — | — | 15.01M | Feb 2026 | RAAA vs RAAY | |
| Reckoner BBB-B CLO Annual ETF | Actively Managed, CLO | — | — | 17.58M | Feb 2026 | RAAA vs RCLY | |
| Reckoner BBB-B CLO Reinvesting ETF | Actively Managed, CLO | — | — | 15.08M | Feb 2026 | RAAA vs RCLR |
Often Compared With RAAA
Investors most often compare RAAA with FCLO, CLOB, SPY. These 20 comparison targets span 12 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