RAAY vs. TEMR

Last updated Jul 17, 2026

RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) and TEMR (T. Rowe Price Emerging Markets Equity Research ETF) are both Actively Managed funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. RAAY charges 0.35%/yr vs 0.40%/yr for TEMR.

Performance

RAAY vs. TEMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) and T. Rowe Price Emerging Markets Equity Research ETF (TEMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RAAY

• 1D: -0.01%
• 1M: 0.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEMR

• 1D: -2.27%
• 1M: -6.98%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAAY vs. TEMR - Yearly Performance Comparison

	2026 (YTD)
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	2.31%
TEMR T. Rowe Price Emerging Markets Equity Research ETF	10.20%

Correlation

The correlation between RAAY and TEMR is 0.17, 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 12, 2026	0.17

Return for Risk

RAAY vs. TEMR - 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 Emerging Markets Equity Research ETF (TEMR). 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. TEMR - Drawdown Comparison

The maximum RAAY drawdown since its inception was -0.62%, smaller than the maximum TEMR drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for RAAY and TEMR.

Drawdown Indicators

	RAAY	TEMR	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-10.07%	+9.45%
Current Drawdown Current decline from peak	-0.01%	-10.07%	+10.06%
Average Drawdown Average peak-to-trough decline	-0.08%	-2.93%	+2.85%

Volatility

Volatility by Period

	RAAY	TEMR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.34%	33.55%	-32.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.34%	33.55%	-32.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.34%	33.55%	-32.21%

RAAY vs. TEMR - Expense Ratio Comparison

RAAY has a 0.35% expense ratio, which is lower than TEMR's 0.40% expense ratio.

Dividends

RAAY vs. TEMR - Dividend Comparison

Neither RAAY nor TEMR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RAAY and TEMR in my portfolio?

RAAY and TEMR have a correlation of 0.17, 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 TEMR?

On fees, RAAY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAY or TEMR?

RAAY is cheaper with a 0.35% expense ratio, compared with 0.40% for TEMR.

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

RAAY and TEMR have nearly identical dividend yields, around 0.00%.

What is the main difference between RAAY and TEMR?

They also come from different issuers: Reckoner and T. Rowe Price. Their fees differ too: 0.35% for RAAY and 0.40% for TEMR.