RCLR vs. RCLO

Last updated Jul 10, 2026

RCLR (Reckoner BBB-B CLO Reinvesting ETF) and RCLO (Reckoner BBB-B CLO ETF) are both Actively Managed funds from Reckoner. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. RCLR charges 0.60%/yr vs 0.50%/yr for RCLO.

Performance

RCLR vs. RCLO - Performance Comparison

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

Returns By Period

RCLR

• 1D: -0.06%
• 1M: 0.30%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RCLO

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

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

RCLR vs. RCLO - Yearly Performance Comparison

	2026 (YTD)
RCLR Reckoner BBB-B CLO Reinvesting ETF	1.03%
RCLO Reckoner BBB-B CLO ETF	1.18%

Correlation

The correlation between RCLR and RCLO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.77

Return for Risk

RCLR vs. RCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner BBB-B CLO Reinvesting ETF (RCLR) and Reckoner BBB-B CLO ETF (RCLO). 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. RCLO - Drawdown Comparison

The maximum RCLR drawdown since its inception was -3.77%, roughly equal to the maximum RCLO drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for RCLR and RCLO.

Drawdown Indicators

	RCLR	RCLO	Difference
Max Drawdown Largest peak-to-trough decline	-3.77%	-3.70%	-0.07%
Current Drawdown Current decline from peak	-0.06%	-0.07%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.82%	-0.45%	-0.37%

Volatility

Volatility by Period

	RCLR	RCLO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.89%	2.97%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.89%	2.97%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.89%	2.97%	+0.92%

RCLR vs. RCLO - Expense Ratio Comparison

RCLR has a 0.60% expense ratio, which is higher than RCLO's 0.50% expense ratio.

Dividends

RCLR vs. RCLO - Dividend Comparison

RCLR has not paid dividends to shareholders, while RCLO's dividend yield for the trailing twelve months is around 4.74%.

Position	TTM	2025
RCLO Reckoner BBB-B CLO ETF	4.74%	1.32%
RCLR Reckoner BBB-B CLO Reinvesting ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RCLR and RCLO in my portfolio?

RCLR and RCLO have a correlation of 0.77, 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 RCLO?

On fees, RCLO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RCLR or RCLO?

RCLO is cheaper with a 0.50% expense ratio, compared with 0.60% for RCLR.

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

RCLO has the higher dividend yield at 4.74%, compared with 0.00% for RCLR.

What is the main difference between RCLR and RCLO?

Their fees differ too: 0.60% for RCLR and 0.50% for RCLO.