RCLR vs. RAAR

Last updated Jul 30, 2026

RCLR (Reckoner BBB-B CLO Reinvesting ETF) and RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) are both Actively Managed funds from Reckoner. Both are actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. RCLR charges 0.60%/yr vs 0.40%/yr for RAAR.

Performance

RCLR vs. RAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner BBB-B CLO Reinvesting ETF (RCLR) and Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RCLR

• 1D: 0.00%
• 1M: 0.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

RAAR

• 1D: 0.06%
• 1M: 0.76%
• 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)
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	$43.73K	$139.03K	$102.06K
RCLR Reckoner BBB-B CLO Reinvesting ETF	$13.19K	$15.18K	$51.38K

RCLR vs. RAAR - Yearly Performance Comparison

	2026 (YTD)
RCLR Reckoner BBB-B CLO Reinvesting ETF	1.28%
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	2.32%

Correlation

The correlation between RCLR and RAAR is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.32

Return for Risk

RCLR vs. RAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner BBB-B CLO Reinvesting ETF (RCLR) and Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR). 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

RCLR vs. RAAR - Drawdown Comparison

The maximum RCLR drawdown since its inception was -3.77%, which is greater than RAAR's maximum drawdown of -0.65%. Use the drawdown chart below to compare losses from any high point for RCLR and RAAR.

Drawdown Indicators

	RCLR	RAAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.77%	-0.65%	-3.12%
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.73%	-0.08%	-0.65%

Volatility

Volatility by Period

	RCLR	RAAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	1.84%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	1.84%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.66%	1.84%	+1.82%

RCLR vs. RAAR - Expense Ratio Comparison

RCLR has a 0.60% expense ratio, which is higher than RAAR's 0.40% expense ratio.

Dividends

RCLR vs. RAAR - Dividend Comparison

Neither RCLR nor RAAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RCLR and RAAR in my portfolio?

RCLR and RAAR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RCLR or RAAR?

On fees, RAAR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RCLR or RAAR?

RAAR is cheaper with a 0.40% expense ratio, compared with 0.60% for RCLR.

Which ETF pays a higher dividend yield, RCLR or RAAR?

RCLR and RAAR have nearly identical dividend yields, around 0.00%.

What is the main difference between RCLR and RAAR?

Their fees differ too: 0.60% for RCLR and 0.40% for RAAR.