RAAA vs. CLOI
Compare and contrast key facts about Reckoner Leveraged AAA CLO ETF (RAAA) and VanEck CLO ETF (CLOI).
RAAA and CLOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAAA is an actively managed fund by Reckoner. It was launched on Jul 9, 2025. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022.
Performance
RAAA vs. CLOI - Performance Comparison
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RAAA vs. CLOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RAAA Reckoner Leveraged AAA CLO ETF | 0.86% | 2.46% |
CLOI VanEck CLO ETF | 0.61% | 2.82% |
Returns By Period
In the year-to-date period, RAAA achieves a 0.86% return, which is significantly higher than CLOI's 0.61% return.
RAAA
- 1D
- 0.00%
- 1M
- -0.01%
- YTD
- 0.86%
- 6M
- 2.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOI
- 1D
- 0.08%
- 1M
- 0.00%
- YTD
- 0.61%
- 6M
- 1.94%
- 1Y
- 5.39%
- 3Y*
- 7.08%
- 5Y*
- —
- 10Y*
- —
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RAAA vs. CLOI - Expense Ratio Comparison
RAAA has a 0.30% expense ratio, which is lower than CLOI's 0.40% expense ratio.
Return for Risk
RAAA vs. CLOI — Risk / Return Rank
RAAA
CLOI
RAAA vs. CLOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reckoner Leveraged AAA CLO ETF (RAAA) and VanEck CLO ETF (CLOI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| RAAA | CLOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.11 | 2.68 | +0.43 |
Correlation
The correlation between RAAA and CLOI is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RAAA vs. CLOI - Dividend Comparison
RAAA's dividend yield for the trailing twelve months is around 3.55%, less than CLOI's 5.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAAA Reckoner Leveraged AAA CLO ETF | 3.55% | 2.70% | 0.00% | 0.00% | 0.00% |
CLOI VanEck CLO ETF | 5.53% | 5.61% | 6.71% | 5.61% | 2.23% |
Drawdowns
RAAA vs. CLOI - Drawdown Comparison
The maximum RAAA drawdown since its inception was -0.71%, smaller than the maximum CLOI drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for RAAA and CLOI.
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Drawdown Indicators
| RAAA | CLOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.71% | -3.25% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.13% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -0.19% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.42% | — |
Volatility
RAAA vs. CLOI - Volatility Comparison
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Volatility by Period
| RAAA | CLOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 4.16% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.49% | 2.61% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.49% | 2.61% | -1.12% |