RAAY vs. SCUB

Last updated Jul 30, 2026

RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) and SCUB (Sterling Capital Ultra Short Bond ETF) are both Actively Managed funds. Both are actively managed. Their 0.12 correlation means their historical movements had little consistent relationship. RAAY charges 0.35%/yr vs 0.30%/yr for SCUB.

Performance

RAAY vs. SCUB - 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 Ultra Short Bond ETF (SCUB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RAAY

• 1D: 0.03%
• 1M: 0.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SCUB

• 1D: 0.00%
• 1M: 0.26%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	$613.07	$641.73	$255.86
SCUB Sterling Capital Ultra Short Bond ETF	$5.71K	$11.41K	$8.72K

RAAY vs. SCUB - Yearly Performance Comparison

	2026 (YTD)
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	2.19%
SCUB Sterling Capital Ultra Short Bond ETF	1.44%

Correlation

The correlation between RAAY and SCUB is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 30, 2026	0.12

Return for Risk

RAAY vs. SCUB - 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 Ultra Short Bond ETF (SCUB). 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. SCUB - Drawdown Comparison

The maximum RAAY drawdown since its inception was -0.62%, which is greater than SCUB's maximum drawdown of -0.18%. Use the drawdown chart below to compare losses from any high point for RAAY and SCUB.

Drawdown Indicators

	RAAY	SCUB	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-0.18%	-0.44%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.07%	-0.02%	-0.05%

Volatility

Volatility by Period

	RAAY	SCUB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	0.87%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	0.87%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.29%	0.87%	+0.42%

RAAY vs. SCUB - Expense Ratio Comparison

RAAY has a 0.35% expense ratio, which is higher than SCUB's 0.30% expense ratio.

Dividends

RAAY vs. SCUB - Dividend Comparison

RAAY has not paid dividends to shareholders, while SCUB's dividend yield for the trailing twelve months is around 1.33%.

Position	TTM
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	0.00%
SCUB Sterling Capital Ultra Short Bond ETF	1.33%

Frequently Asked Questions

Can I hold both RAAY and SCUB in my portfolio?

RAAY and SCUB have a correlation of 0.12, 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 SCUB?

On fees, SCUB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAY or SCUB?

SCUB is cheaper with a 0.30% expense ratio, compared with 0.35% for RAAY.

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

SCUB has the higher dividend yield at 1.33%, compared with 0.00% for RAAY.

What is the main difference between RAAY and SCUB?

They also come from different issuers: Reckoner and Sterling Capital. Their fees differ too: 0.35% for RAAY and 0.30% for SCUB.