RCLO vs. SCUB

Last updated Jul 10, 2026

RCLO (Reckoner BBB-B CLO ETF) and SCUB (Sterling Capital Ultra Short Bond ETF) are both Actively Managed funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. RCLO charges 0.50%/yr vs 0.30%/yr for SCUB.

Performance

RCLO vs. SCUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner BBB-B CLO ETF (RCLO) and Sterling Capital Ultra Short Bond ETF (SCUB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RCLO

• 1D: -0.07%
• 1M: 0.22%
• 6M: 2.02%
• YTD: 2.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCUB

• 1D: 0.04%
• 1M: 0.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RCLO vs. SCUB - Yearly Performance Comparison

	2026 (YTD)
RCLO Reckoner BBB-B CLO ETF	3.10%
SCUB Sterling Capital Ultra Short Bond ETF	1.30%

Correlation

The correlation between RCLO and SCUB is 0.28, 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	0.28

Return for Risk

RCLO vs. SCUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner BBB-B CLO ETF (RCLO) 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

RCLO vs. SCUB - Drawdown Comparison

The maximum RCLO drawdown since its inception was -3.70%, which is greater than SCUB's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for RCLO and SCUB.

Drawdown Indicators

	RCLO	SCUB	Difference
Max Drawdown Largest peak-to-trough decline	-3.70%	-0.08%	-3.62%
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.45%	-0.01%	-0.44%

Volatility

Volatility by Period

	RCLO	SCUB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	0.79%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	0.79%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	0.79%	+2.18%

RCLO vs. SCUB - Expense Ratio Comparison

RCLO has a 0.50% expense ratio, which is higher than SCUB's 0.30% expense ratio.

Dividends

RCLO vs. SCUB - Dividend Comparison

RCLO's dividend yield for the trailing twelve months is around 4.74%, more than SCUB's 1.33% yield.

Position	TTM	2025
RCLO Reckoner BBB-B CLO ETF	4.74%	1.32%
SCUB Sterling Capital Ultra Short Bond ETF	1.33%	0.00%

Frequently Asked Questions

Can I hold both RCLO and SCUB in my portfolio?

RCLO and SCUB have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RCLO 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, RCLO or SCUB?

SCUB is cheaper with a 0.30% expense ratio, compared with 0.50% for RCLO.

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

RCLO has the higher dividend yield at 4.74%, compared with 1.33% for SCUB.

What is the main difference between RCLO and SCUB?

They also come from different issuers: Reckoner and Sterling Capital. Their fees differ too: 0.50% for RCLO and 0.30% for SCUB.