RAAY vs. TRUF

Last updated Jul 30, 2026

RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) and TRUF (VanEck Financials TruSector ETF) are both exchange-traded funds - RAAY is a Actively Managed fund actively managed by Reckoner, while TRUF is a Financials Equities fund actively managed by VanEck. Both are actively managed. Their 0.08 correlation means their historical movements had little consistent relationship. RAAY charges 0.35%/yr vs 0.10%/yr for TRUF.

Performance

RAAY vs. TRUF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) and VanEck Financials TruSector ETF (TRUF). 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*: —

TRUF

• 1D: -1.52%
• 1M: 5.47%
• 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
TRUF VanEck Financials TruSector ETF	$19.07K	$17.41K	$11.71K

RAAY vs. TRUF - Yearly Performance Comparison

	2026 (YTD)
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	2.14%
TRUF VanEck Financials TruSector ETF	16.02%

Correlation

The correlation between RAAY and TRUF is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.08

Return for Risk

RAAY vs. TRUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) and VanEck Financials TruSector ETF (TRUF). 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. TRUF - Drawdown Comparison

The maximum RAAY drawdown since its inception was -0.62%, smaller than the maximum TRUF drawdown of -3.24%. Use the drawdown chart below to compare losses from any high point for RAAY and TRUF.

Drawdown Indicators

	RAAY	TRUF	Difference
Max Drawdown Largest peak-to-trough decline	-0.62%	-3.24%	+2.62%
Current Drawdown Current decline from peak	0.00%	-1.52%	+1.52%
Average Drawdown Average peak-to-trough decline	-0.07%	-1.05%	+0.98%

Volatility

Volatility by Period

	RAAY	TRUF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	13.68%	-12.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	13.68%	-12.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.29%	13.68%	-12.39%

RAAY vs. TRUF - Expense Ratio Comparison

RAAY has a 0.35% expense ratio, which is higher than TRUF's 0.10% expense ratio.

Dividends

RAAY vs. TRUF - Dividend Comparison

RAAY has not paid dividends to shareholders, while TRUF's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	0.00%
TRUF VanEck Financials TruSector ETF	0.36%

Frequently Asked Questions

Can I hold both RAAY and TRUF in my portfolio?

RAAY and TRUF have a correlation of 0.08, 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 TRUF?

On fees, TRUF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAAY or TRUF?

TRUF is cheaper with a 0.10% expense ratio, compared with 0.35% for RAAY.

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

TRUF has the higher dividend yield at 0.36%, compared with 0.00% for RAAY.

What is the main difference between RAAY and TRUF?

RAAY is categorized as Actively Managed, while TRUF is Financials Equities. They also come from different issuers: Reckoner and VanEck. Their fees differ too: 0.35% for RAAY and 0.10% for TRUF.