RAAR vs. VCOB

Last updated Jul 18, 2026

RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) and VCOB (Voya Core Bond ETF) are both Actively Managed funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. RAAR charges 0.40%/yr vs 0.25%/yr for VCOB.

Performance

RAAR vs. VCOB - Performance Comparison

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

Returns By Period

RAAR

• 1D: 0.00%
• 1M: 0.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VCOB

• 1D: 0.08%
• 1M: -0.45%
• 6M: -1.58%
• YTD: -1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAAR vs. VCOB - Yearly Performance Comparison

	2026 (YTD)
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	2.17%
VCOB Voya Core Bond ETF	-2.00%

Correlation

The correlation between RAAR and VCOB is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.15

Return for Risk

RAAR vs. VCOB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR) and Voya Core Bond ETF (VCOB). 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. VCOB - Drawdown Comparison

The maximum RAAR drawdown since its inception was -0.65%, smaller than the maximum VCOB drawdown of -3.27%. Use the drawdown chart below to compare losses from any high point for RAAR and VCOB.

Drawdown Indicators

	RAAR	VCOB	Difference
Max Drawdown Largest peak-to-trough decline	-0.65%	-3.27%	+2.62%
Current Drawdown Current decline from peak	0.00%	-2.67%	+2.67%
Average Drawdown Average peak-to-trough decline	-0.09%	-1.44%	+1.35%

Volatility

Volatility by Period

	RAAR	VCOB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.90%	3.85%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.90%	3.85%	-1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.90%	3.85%	-1.95%

RAAR vs. VCOB - Expense Ratio Comparison

RAAR has a 0.40% expense ratio, which is higher than VCOB's 0.25% expense ratio.

Dividends

RAAR vs. VCOB - Dividend Comparison

RAAR has not paid dividends to shareholders, while VCOB's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	0.00%	0.00%
VCOB Voya Core Bond ETF	0.50%	0.49%

Frequently Asked Questions

Can I hold both RAAR and VCOB in my portfolio?

RAAR and VCOB have a correlation of 0.15, 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 VCOB?

On fees, VCOB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAR or VCOB?

VCOB is cheaper with a 0.25% expense ratio, compared with 0.40% for RAAR.

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

VCOB has the higher dividend yield at 0.50%, compared with 0.00% for RAAR.

What is the main difference between RAAR and VCOB?

They also come from different issuers: Reckoner and Voya. Their fees differ too: 0.40% for RAAR and 0.25% for VCOB.