- 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
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
RAAY Performance Chart
Loading charts...
Returns By Period
Reckoner Yield Enhanced AAA CLO Annual ETF
- 1D
- 0.00%
- 1M
- 0.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.81%
- 1M
- 2.13%
- 6M
- 8.99%
- YTD
- 10.20%
- 1Y
- 20.44%
- 3Y*
- 19.60%
- 5Y*
- 11.54%
- 10Y*
- 13.44%
RAAY Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2026, RAAY's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 100% of months were positive and 0% were negative. The best month was Apr 2026 with a return of +0.9%, while the worst month was Mar 2026 at 0.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 0 months.
On a daily basis, RAAY closed higher 68% of trading days. The best single day was Mar 11, 2026 with a return of +0.2%, while the worst single day was Mar 4, 2026 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.08% | 0.00% | 0.93% | 0.59% | 0.31% | 0.07% | 1.99% |
Benchmark Metrics
Reckoner Yield Enhanced AAA CLO Annual ETF has an annualized alpha of 4.92%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 11, 2026.
- This ETF captured 7.60% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.20%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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
- 4.92%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 7.60%
- Downside Capture
- -6.20%
Expense Ratio
RAAY has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) 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.
| RAAY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.26 | — |
| Martin ratioReturn relative to average drawdown | — | 9.80 | — |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Reckoner Yield Enhanced AAA CLO Annual 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 Annual ETF was 0.62%, occurring on Mar 9, 2026. Recovery took 18 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -0.62%Mar 2026 | 6d | 24d | 1moMar 2026 - Apr 2026 |
2026 pullback2026 | -0.23%Jun 2026 | 2d | 14d | 16dJun 2026 - Jun 2026 |
2026 pullback2026 | -0.13%Feb 2026 | 0s | 6d | 6dFeb 2026 - Mar 2026 |
2026 pullback2026 | -0.12%Feb 2026 | 1d | 4d | 5dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.11%Feb 2026 | 0s | 1d | 1dFeb 2026 - Feb 2026 |
Drawdown Indicators
| RAAY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.62% | -56.78% | +56.16% |
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% | -0.87% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -10.71% | +10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with RAAY
Add Reckoner Yield Enhanced AAA CLO Annual ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with RAAY