RCLR vs. SAPH
RCLR (Reckoner BBB-B CLO Reinvesting ETF) and SAPH (ADRhedged SAP ETF) are both Actively Managed funds. Both are actively managed. Their 0.14 correlation means their historical movements had little consistent relationship. RCLR charges 0.60%/yr vs 0.19%/yr for SAPH.
Performance
RCLR vs. SAPH - Performance Comparison
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Returns By Period
RCLR
- 1D
- 0.10%
- 1M
- 0.38%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SAPH
- 1D
- 1.25%
- 1M
- 11.74%
- 6M
- -4.48%
- YTD
- -20.90%
- 1Y
- -32.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.94K | $23.09K | $52.25K | |
| $30.52K | $29.02K | $22.45K |
RCLR vs. SAPH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
RCLR Reckoner BBB-B CLO Reinvesting ETF | 1.46% |
SAPH ADRhedged SAP ETF | -8.52% |
Correlation
The correlation between RCLR and SAPH is 0.14, 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 | 0.14 |
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Return for Risk
RCLR vs. SAPH — Risk / Return Rank
RCLR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAPH
RCLR vs. SAPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reckoner BBB-B CLO Reinvesting ETF (RCLR) and ADRhedged SAP ETF (SAPH). 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.
| RCLR | SAPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.73 | — |
| Martin ratioReturn relative to average drawdown | — | -1.18 | — |
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Drawdowns
RCLR vs. SAPH - Drawdown Comparison
The maximum RCLR drawdown since its inception was -3.77%, smaller than the maximum SAPH drawdown of -51.72%. Use the drawdown chart below to compare losses from any high point for RCLR and SAPH.
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Drawdown Indicators
| RCLR | SAPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.77% | -51.72% | +47.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.02% | — |
Current DrawdownCurrent decline from peak | 0.00% | -40.69% | +40.69% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -23.20% | +22.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.04% | — |
Volatility
RCLR vs. SAPH - Volatility Comparison
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Volatility by Period
| RCLR | SAPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 37.37% | -33.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 35.50% | -31.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.64% | 35.50% | -31.86% |
RCLR vs. SAPH - Expense Ratio Comparison
RCLR has a 0.60% expense ratio, which is higher than SAPH's 0.19% expense ratio.
Dividends
RCLR vs. SAPH - Dividend Comparison
RCLR has not paid dividends to shareholders, while SAPH's dividend yield for the trailing twelve months is around 3.53%.
| Position | TTM |
|---|---|
RCLR Reckoner BBB-B CLO Reinvesting ETF | 0.00% |
SAPH ADRhedged SAP ETF | 3.53% |
Frequently Asked Questions
RCLR and SAPH have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAPH is cheaper with a 0.19% expense ratio, compared with 0.60% for RCLR.
SAPH has the higher dividend yield at 3.53%, compared with 0.00% for RCLR.
They also come from different issuers: Reckoner and ADRhedged. Their fees differ too: 0.60% for RCLR and 0.19% for SAPH.
Find the right allocation for RCLR and SAPH
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