RAAA vs. AAAC

Last updated Jul 31, 2026

RAAA (Reckoner Leveraged AAA CLO ETF) and AAAC (Columbia AAA CLO ETF) are both CLO funds. Both are actively managed. Their 0.21 correlation means their historical movements had little consistent relationship. RAAA charges 0.30%/yr vs 0.20%/yr for AAAC.

Performance

RAAA vs. AAAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner Leveraged AAA CLO ETF (RAAA) and Columbia AAA CLO ETF (AAAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RAAA achieves a 3.09% return, which is significantly higher than AAAC's 2.76% return.

RAAA

• 1D: 0.02%
• 1M: 0.35%
• 6M: 2.39%
• YTD: 3.09%
• 1Y: 5.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.37%

AAAC

• 1D: 0.00%
• 1M: 0.31%
• 6M: 2.18%
• YTD: 2.76%
• 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)
AAAC Columbia AAA CLO ETF	$18.84K	$4.60M	$1.58M
RAAA Reckoner Leveraged AAA CLO ETF	$54.87K	$111.83K	$107.84K

RAAA vs. AAAC - Yearly Performance Comparison

	2026 (YTD)	2025
RAAA Reckoner Leveraged AAA CLO ETF	3.09%	0.46%
AAAC Columbia AAA CLO ETF	2.76%	0.15%

Correlation

The correlation between RAAA and AAAC is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.21

Return for Risk

RAAA vs. AAAC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RAAA

RAAA Risk / Return Rank: 98
RAAA Sharpe Ratio Rank: 98
RAAA Sortino Ratio Rank: 98
RAAA Omega Ratio Rank: 98
RAAA Calmar Ratio Rank: 97
RAAA Martin Ratio Rank: 98

AAAC

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RAAA vs. AAAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner Leveraged AAA CLO ETF (RAAA) and Columbia AAA CLO ETF (AAAC). 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.

	RAAA	AAAC	Difference
Sharpe ratio: Return per unit of total volatility	4.08	—	—
Sortino ratio: Return per unit of downside risk	5.89	—	—
Omega ratio: Gain probability vs. loss probability	2.13	—	—
Calmar ratio: Return relative to maximum drawdown	7.64	—	—
Martin ratio: Return relative to average drawdown	42.70	—	—

Drawdowns

RAAA vs. AAAC - Drawdown Comparison

The maximum RAAA drawdown since its inception was -0.71%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for RAAA and AAAC.

Drawdown Indicators

	RAAA	AAAC	Difference
Max Drawdown Largest peak-to-trough decline	-0.71%	-0.55%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-0.71%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.03%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	—	—

Volatility

Volatility by Period

	RAAA	AAAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.33%	0.83%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.30%	0.83%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.30%	0.83%	+0.47%

RAAA vs. AAAC - Expense Ratio Comparison

RAAA has a 0.30% expense ratio, which is higher than AAAC's 0.20% expense ratio.

Dividends

RAAA vs. AAAC - Dividend Comparison

RAAA's dividend yield for the trailing twelve months is around 5.20%, more than AAAC's 2.65% yield.

Position	TTM	2025
AAAC Columbia AAA CLO ETF	2.65%	0.03%
RAAA Reckoner Leveraged AAA CLO ETF	5.20%	2.70%

Frequently Asked Questions

Can I hold both RAAA and AAAC in my portfolio?

RAAA and AAAC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RAAA or AAAC?

On fees, AAAC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAA or AAAC?

AAAC is cheaper with a 0.20% expense ratio, compared with 0.30% for RAAA.

Which ETF pays a higher dividend yield, RAAA or AAAC?

RAAA has the higher dividend yield at 5.20%, compared with 2.65% for AAAC.

What is the main difference between RAAA and AAAC?

They also come from different issuers: Reckoner and Columbia. Their fees differ too: 0.30% for RAAA and 0.20% for AAAC.