BLTD vs. RCLR

Last updated Jul 15, 2026

BLTD (Bluemonte Long Term Bond ETF) and RCLR (Reckoner BBB-B CLO Reinvesting ETF) are both exchange-traded funds - BLTD is a Long-Term Bond fund managed by Bluemonte, while RCLR is a Actively Managed fund actively managed by Reckoner. At a 0.14 correlation, their price movements are largely independent. BLTD charges 0.23%/yr vs 0.60%/yr for RCLR.

Performance

BLTD vs. RCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Long Term Bond ETF (BLTD) and Reckoner BBB-B CLO Reinvesting ETF (RCLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLTD

• 1D: 0.24%
• 1M: -1.46%
• 6M: -1.34%
• YTD: -0.77%
• 1Y: 3.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RCLR

• 1D: 0.07%
• 1M: 0.16%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLTD vs. RCLR - Yearly Performance Comparison

	2026 (YTD)
BLTD Bluemonte Long Term Bond ETF	-2.05%
RCLR Reckoner BBB-B CLO Reinvesting ETF	1.17%

Correlation

The correlation between BLTD and RCLR is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.14

Return for Risk

BLTD vs. RCLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLTD

BLTD Risk / Return Rank: 19
BLTD Sharpe Ratio Rank: 20
BLTD Sortino Ratio Rank: 18
BLTD Omega Ratio Rank: 17
BLTD Calmar Ratio Rank: 21
BLTD Martin Ratio Rank: 20

RCLR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLTD vs. RCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Long Term Bond ETF (BLTD) and Reckoner BBB-B CLO Reinvesting ETF (RCLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BLTD	RCLR	Difference
Sharpe ratio: Return per unit of total volatility	0.54	—	—
Sortino ratio: Return per unit of downside risk	0.80	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.76	—	—
Martin ratio: Return relative to average drawdown	1.82	—	—

Drawdowns

BLTD vs. RCLR - Drawdown Comparison

The maximum BLTD drawdown since its inception was -4.80%, which is greater than RCLR's maximum drawdown of -3.77%. Use the drawdown chart below to compare losses from any high point for BLTD and RCLR.

Drawdown Indicators

	BLTD	RCLR	Difference
Max Drawdown Largest peak-to-trough decline	-4.80%	-3.77%	-1.03%
Max Drawdown (1Y) Largest decline over 1 year	-4.80%	—	—
Current Drawdown Current decline from peak	-3.49%	0.00%	-3.49%
Average Drawdown Average peak-to-trough decline	-1.64%	-0.80%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	BLTD	RCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.78%	3.84%	+2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.84%	3.84%	+3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.84%	3.84%	+3.00%

BLTD vs. RCLR - Expense Ratio Comparison

BLTD has a 0.23% expense ratio, which is lower than RCLR's 0.60% expense ratio.

Dividends

BLTD vs. RCLR - Dividend Comparison

BLTD's dividend yield for the trailing twelve months is around 4.37%, while RCLR has not paid dividends to shareholders.

Position	TTM	2025
BLTD Bluemonte Long Term Bond ETF	4.37%	2.48%
RCLR Reckoner BBB-B CLO Reinvesting ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLTD and RCLR in my portfolio?

BLTD and RCLR have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLTD or RCLR?

On fees, BLTD is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLTD or RCLR?

BLTD is cheaper with a 0.23% expense ratio, compared with 0.60% for RCLR.

Which ETF pays a higher dividend yield, BLTD or RCLR?

BLTD has the higher dividend yield at 4.37%, compared with 0.00% for RCLR.

What is the main difference between BLTD and RCLR?

BLTD is categorized as Long-Term Bond, while RCLR is Actively Managed. They also come from different issuers: Bluemonte and Reckoner. Their fees differ too: 0.23% for BLTD and 0.60% for RCLR.