RAAR vs. OEI

Last updated Jul 17, 2026

RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) and OEI (Optimized Equity Income ETF) are both Actively Managed funds. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. RAAR charges 0.40%/yr vs 0.75%/yr for OEI.

Performance

RAAR vs. OEI - Performance Comparison

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

Returns By Period

RAAR

• 1D: 0.01%
• 1M: 0.67%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OEI

• 1D: -0.03%
• 1M: 0.48%
• 6M: 4.54%
• YTD: 5.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAAR vs. OEI - Yearly Performance Comparison

	2026 (YTD)
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	2.17%
OEI Optimized Equity Income ETF	4.17%

Correlation

The correlation between RAAR and OEI is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	-0.00

Return for Risk

RAAR vs. OEI - Risk-Adjusted Trends Comparison

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

RAAR vs. OEI - Drawdown Comparison

The maximum RAAR drawdown since its inception was -0.65%, smaller than the maximum OEI drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for RAAR and OEI.

Drawdown Indicators

	RAAR	OEI	Difference
Max Drawdown Largest peak-to-trough decline	-0.65%	-6.49%	+5.84%
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-0.09%	-1.04%	+0.95%

Volatility

Volatility by Period

	RAAR	OEI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	9.70%	-7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.91%	9.70%	-7.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.91%	9.70%	-7.79%

RAAR vs. OEI - Expense Ratio Comparison

RAAR has a 0.40% expense ratio, which is lower than OEI's 0.75% expense ratio.

Dividends

RAAR vs. OEI - Dividend Comparison

RAAR has not paid dividends to shareholders, while OEI's dividend yield for the trailing twelve months is around 5.95%.

Position	TTM	2025
OEI Optimized Equity Income ETF	5.95%	1.35%
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RAAR and OEI in my portfolio?

RAAR and OEI have a correlation of -0.00, 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 OEI?

On fees, RAAR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAR or OEI?

RAAR is cheaper with a 0.40% expense ratio, compared with 0.75% for OEI.

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

OEI has the higher dividend yield at 5.95%, compared with 0.00% for RAAR.

What is the main difference between RAAR and OEI?

They also come from different issuers: Reckoner and Optimize. Their fees differ too: 0.40% for RAAR and 0.75% for OEI.