- Issuer
- Reckoner
- Inception Date
- Feb 11, 2026
- Region
- North America (United States)
- Category
- Actively Managed, CLO
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Reinvesting
- Asset Class
- Bond
- Assets Under Management
- $13M
Highlights
- Avg. Volume (1M)
- 3K
- Avg. Volume Value (1M)
- $139.03K
Share Price Chart
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Performance
RAAR Performance Chart
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Returns By Period
Reckoner Yield Enhanced AAA CLO Reinvesting ETF
- 1D
- 0.06%
- 1M
- 0.76%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.52%
- 1M
- -1.67%
- 6M
- 4.85%
- YTD
- 6.88%
- 1Y
- 14.84%
- 3Y*
- 16.88%
- 5Y*
- 10.73%
- 10Y*
- 12.90%
- ALL TIME*
- 8.04%
RAAR Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2026, RAAR's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 83% of months were positive and 17% were negative. The best month was Jul 2026 with a return of +1.1%, while the worst month was Jun 2026 at -0.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, RAAR closed higher 63% of trading days. The best single day was Jul 1, 2026 with a return of +0.7%, while the worst single day was Mar 4, 2026 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | 0.00% | 0.90% | 0.62% | -0.45% | 1.08% | 2.32% |
Benchmark Metrics
Reckoner Yield Enhanced AAA CLO Reinvesting ETF has an annualized alpha of 5.33%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 11, 2026.
- This ETF captured 6.57% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.37%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.33%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 6.57%
- Downside Capture
- -9.37%
Expense Ratio
RAAR has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RAAR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.64 | — |
| Martin ratioReturn relative to average drawdown | — | 6.95 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Reckoner Yield Enhanced AAA CLO Reinvesting ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Reckoner Yield Enhanced AAA CLO Reinvesting ETF was 0.65%, occurring on Mar 10, 2026. Recovery took 10 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.65%Mar 2026 | 7d | 14d | 21dMar 2026 - Mar 2026 | — |
-0.60%Jun 2026 | 4d | 1d | 5dJun 2026 - Jul 2026 | — |
-0.36%Jun 2026 | 14d | 8d | 22dJun 2026 - Jun 2026 | — |
-0.08%Feb 2026 | 1d | 6d | 7dFeb 2026 - Mar 2026 | — |
-0.07%Jul 2026 | 0s | 1d | 1dJul 2026 - Jul 2026 | — |
Drawdown Indicators
| RAAR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.65% | -56.78% | +56.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.86% | +3.86% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -10.70% | +10.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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