RAAR vs. FLXR

Last updated Jul 30, 2026

RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) and FLXR (TCW Flexible Income ETF) are both exchange-traded funds - RAAR is a Actively Managed fund actively managed by Reckoner, while FLXR is a Multisector Bonds fund actively managed by TCW. Both are actively managed. Their 0.03 correlation means their historical movements had little consistent relationship. Both charge a 0.40% expense ratio.

Performance

RAAR vs. FLXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR) and TCW Flexible Income ETF (FLXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RAAR

• 1D: 0.06%
• 1M: 0.76%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FLXR

• 1D: -0.05%
• 1M: -0.41%
• 6M: 0.97%
• YTD: 1.33%
• 1Y: 4.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.75%

*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)
FLXR TCW Flexible Income ETF	$13.36M	$16.28M	$17.08M
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	$43.73K	$139.03K	$102.06K

RAAR vs. FLXR - Yearly Performance Comparison

	2026 (YTD)
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	2.32%
FLXR TCW Flexible Income ETF	0.77%

Correlation

The correlation between RAAR and FLXR is 0.03, 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	0.03

Return for Risk

RAAR vs. FLXR — Risk / Return Rank

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

RAAR

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

FLXR

FLXR Risk / Return Rank: 83
FLXR Sharpe Ratio Rank: 82
FLXR Sortino Ratio Rank: 84
FLXR Omega Ratio Rank: 82
FLXR Calmar Ratio Rank: 82
FLXR Martin Ratio Rank: 86

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.

RAAR vs. FLXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR) and TCW Flexible Income ETF (FLXR). 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.

	RAAR	FLXR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.90	—
Sortino ratio: Return per unit of downside risk	—	2.76	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.03	—
Martin ratio: Return relative to average drawdown	—	12.42	—

Drawdowns

RAAR vs. FLXR - Drawdown Comparison

The maximum RAAR drawdown since its inception was -0.65%, smaller than the maximum FLXR drawdown of -1.94%. Use the drawdown chart below to compare losses from any high point for RAAR and FLXR.

Drawdown Indicators

	RAAR	FLXR	Difference
Max Drawdown Largest peak-to-trough decline	-0.65%	-1.94%	+1.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.46%	—
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.08%	-0.35%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.36%	—

Volatility

Volatility by Period

	RAAR	FLXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	2.35%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.84%	2.79%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.84%	2.79%	-0.95%

RAAR vs. FLXR - Expense Ratio Comparison

Both RAAR and FLXR have an expense ratio of 0.40%.

Dividends

RAAR vs. FLXR - Dividend Comparison

RAAR has not paid dividends to shareholders, while FLXR's dividend yield for the trailing twelve months is around 5.91%.

Position	TTM	2025	2024
FLXR TCW Flexible Income ETF	5.91%	5.66%	3.44%
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RAAR and FLXR in my portfolio?

RAAR and FLXR have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RAAR or FLXR?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAR or FLXR?

RAAR and FLXR have the same expense ratio: 0.40% per year.

Which ETF pays a higher dividend yield, RAAR or FLXR?

FLXR has the higher dividend yield at 5.91%, compared with 0.00% for RAAR.

What is the main difference between RAAR and FLXR?

RAAR is categorized as Actively Managed, while FLXR is Multisector Bonds. They also come from different issuers: Reckoner and TCW.