RAAY vs. SCSB

Last updated Jul 10, 2026

RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) and SCSB (Sterling Capital Short Duration Bond ETF) are both Actively Managed funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. RAAY charges 0.35%/yr vs 0.33%/yr for SCSB.

Performance

RAAY vs. SCSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) and Sterling Capital Short Duration Bond ETF (SCSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RAAY

• 1D: 0.00%
• 1M: 0.49%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCSB

• 1D: 0.05%
• 1M: 0.29%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAAY vs. SCSB - Yearly Performance Comparison

	2026 (YTD)
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	1.94%
SCSB Sterling Capital Short Duration Bond ETF	1.07%

Correlation

The correlation between RAAY and SCSB is 0.14, 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 Mar 30, 2026	0.14

Return for Risk

RAAY vs. SCSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) and Sterling Capital Short Duration Bond ETF (SCSB). 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

RAAY vs. SCSB - Drawdown Comparison

The maximum RAAY drawdown since its inception was -0.62%, which is greater than SCSB's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for RAAY and SCSB.

Drawdown Indicators

	RAAY	SCSB	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-0.46%	-0.16%
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.08%	-0.09%	+0.01%

Volatility

Volatility by Period

	RAAY	SCSB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.37%	1.46%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.37%	1.46%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.37%	1.46%	-0.09%

RAAY vs. SCSB - Expense Ratio Comparison

RAAY has a 0.35% expense ratio, which is higher than SCSB's 0.33% expense ratio.

Dividends

RAAY vs. SCSB - Dividend Comparison

RAAY has not paid dividends to shareholders, while SCSB's dividend yield for the trailing twelve months is around 1.62%.

Position	TTM
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	0.00%
SCSB Sterling Capital Short Duration Bond ETF	1.62%

Frequently Asked Questions

Can I hold both RAAY and SCSB in my portfolio?

RAAY and SCSB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RAAY or SCSB?

On fees, SCSB is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAY or SCSB?

SCSB is cheaper with a 0.33% expense ratio, compared with 0.35% for RAAY.

Which ETF pays a higher dividend yield, RAAY or SCSB?

SCSB has the higher dividend yield at 1.62%, compared with 0.00% for RAAY.

What is the main difference between RAAY and SCSB?

They also come from different issuers: Reckoner and Sterling Capital. Their fees differ too: 0.35% for RAAY and 0.33% for SCSB.