OEI vs. RAAY

Last updated Jul 30, 2026

OEI (Optimized Equity Income ETF) and RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) are both Actively Managed funds. Both are actively managed. Their 0.06 correlation means their historical movements had little consistent relationship. OEI charges 0.75%/yr vs 0.35%/yr for RAAY.

Performance

OEI vs. RAAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimized Equity Income ETF (OEI) and Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OEI

• 1D: -1.35%
• 1M: -0.53%
• 6M: 2.54%
• YTD: 4.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

RAAY

• 1D: 0.03%
• 1M: 0.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OEI Optimized Equity Income ETF	$91.19K	$147.99K	$155.22K
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	$613.07	$641.73	$255.86

OEI vs. RAAY - Yearly Performance Comparison

	2026 (YTD)
OEI Optimized Equity Income ETF	2.79%
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	2.24%

Correlation

The correlation between OEI and RAAY is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.06

Return for Risk

OEI vs. RAAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimized Equity Income ETF (OEI) and Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY). 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.

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

Drawdowns

OEI vs. RAAY - Drawdown Comparison

The maximum OEI drawdown since its inception was -6.49%, which is greater than RAAY's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for OEI and RAAY.

Drawdown Indicators

	OEI	RAAY	Difference
Max Drawdown Largest peak-to-trough decline	-6.49%	-0.62%	-5.87%
Current Drawdown Current decline from peak	-1.70%	0.00%	-1.70%
Average Drawdown Average peak-to-trough decline	-1.02%	-0.07%	-0.95%

Volatility

Volatility by Period

	OEI	RAAY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	1.29%	+8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	1.29%	+8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.74%	1.29%	+8.45%

OEI vs. RAAY - Expense Ratio Comparison

OEI has a 0.75% expense ratio, which is higher than RAAY's 0.35% expense ratio.

Dividends

OEI vs. RAAY - Dividend Comparison

OEI's dividend yield for the trailing twelve months is around 6.87%, while RAAY has not paid dividends to shareholders.

Position	TTM	2025
OEI Optimized Equity Income ETF	6.87%	1.35%
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both OEI and RAAY in my portfolio?

OEI and RAAY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OEI or RAAY?

On fees, RAAY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OEI or RAAY?

RAAY is cheaper with a 0.35% expense ratio, compared with 0.75% for OEI.

Which ETF pays a higher dividend yield, OEI or RAAY?

OEI has the higher dividend yield at 6.87%, compared with 0.00% for RAAY.

What is the main difference between OEI and RAAY?

They also come from different issuers: Optimize and Reckoner. Their fees differ too: 0.75% for OEI and 0.35% for RAAY.