RAAA vs. NCLO
Compare and contrast key facts about Reckoner Leveraged AAA CLO ETF (RAAA) and Nuveen AA-BBB CLO ETF (NCLO).
RAAA and NCLO 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. NCLO is a passively managed fund by Nuveen that tracks the performance of the JP Morgan CLO A Index. It was launched on Dec 10, 2024.
Performance
RAAA vs. NCLO - Performance Comparison
Loading graphics...
RAAA vs. NCLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RAAA Reckoner Leveraged AAA CLO ETF | 0.86% | 2.46% |
NCLO Nuveen AA-BBB CLO ETF | 0.37% | 3.18% |
Returns By Period
In the year-to-date period, RAAA achieves a 0.86% return, which is significantly higher than NCLO's 0.37% return.
RAAA
- 1D
- 0.00%
- 1M
- -0.01%
- YTD
- 0.86%
- 6M
- 2.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NCLO
- 1D
- 0.12%
- 1M
- -0.08%
- YTD
- 0.37%
- 6M
- 2.12%
- 1Y
- 5.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RAAA vs. NCLO - Expense Ratio Comparison
RAAA has a 0.30% expense ratio, which is higher than NCLO's 0.26% expense ratio.
Return for Risk
RAAA vs. NCLO — Risk / Return Rank
RAAA
NCLO
RAAA vs. NCLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reckoner Leveraged AAA CLO ETF (RAAA) and Nuveen AA-BBB CLO ETF (NCLO). 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.
Loading graphics...
Sharpe Ratios by Period
| RAAA | NCLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.11 | 1.45 | +1.67 |
Correlation
The correlation between RAAA and NCLO is 0.18, 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. NCLO - Dividend Comparison
RAAA's dividend yield for the trailing twelve months is around 3.55%, less than NCLO's 5.99% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
RAAA Reckoner Leveraged AAA CLO ETF | 3.55% | 2.70% | 0.00% |
NCLO Nuveen AA-BBB CLO ETF | 5.99% | 6.09% | 0.35% |
Drawdowns
RAAA vs. NCLO - Drawdown Comparison
The maximum RAAA drawdown since its inception was -0.71%, smaller than the maximum NCLO drawdown of -3.05%. Use the drawdown chart below to compare losses from any high point for RAAA and NCLO.
Loading graphics...
Drawdown Indicators
| RAAA | NCLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.71% | -3.05% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.05% | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.48% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -0.21% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.52% | — |
Volatility
RAAA vs. NCLO - Volatility Comparison
Loading graphics...
Volatility by Period
| RAAA | NCLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 4.23% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.49% | 3.77% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.49% | 3.77% | -2.28% |