RAAY vs. TACN
RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) and TACN (T. Rowe Price Active Core International Equity ETF) are both Actively Managed funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. RAAY charges 0.35%/yr vs 0.20%/yr for TACN.
Performance
RAAY vs. TACN - Performance Comparison
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Returns By Period
RAAY
- 1D
- 0.00%
- 1M
- 0.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TACN
- 1D
- 0.39%
- 1M
- 2.67%
- 6M
- 8.65%
- YTD
- 10.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAAY vs. TACN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF | 1.99% |
TACN T. Rowe Price Active Core International Equity ETF | 1.80% |
Correlation
The correlation between RAAY and TACN is 0.07, 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 | 0.07 |
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Return for Risk
RAAY vs. TACN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) and T. Rowe Price Active Core International Equity ETF (TACN). 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.
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Drawdowns
RAAY vs. TACN - Drawdown Comparison
The maximum RAAY drawdown since its inception was -0.62%, smaller than the maximum TACN drawdown of -10.98%. Use the drawdown chart below to compare losses from any high point for RAAY and TACN.
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Drawdown Indicators
| RAAY | TACN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.62% | -10.98% | +10.36% |
Current DrawdownCurrent decline from peak | 0.00% | -1.18% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -2.42% | +2.34% |
Volatility
RAAY vs. TACN - Volatility Comparison
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Volatility by Period
| RAAY | TACN | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 17.59% | -16.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.37% | 17.59% | -16.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.37% | 17.59% | -16.22% |
RAAY vs. TACN - Expense Ratio Comparison
RAAY has a 0.35% expense ratio, which is higher than TACN's 0.20% expense ratio.
Dividends
RAAY vs. TACN - Dividend Comparison
Neither RAAY nor TACN has paid dividends to shareholders.
Frequently Asked Questions
RAAY and TACN have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TACN is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TACN is cheaper with a 0.20% expense ratio, compared with 0.35% for RAAY.
RAAY and TACN have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Reckoner and T. Rowe Price. Their fees differ too: 0.35% for RAAY and 0.20% for TACN.
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