RCLR vs. TOT

Last updated Jul 10, 2026

RCLR (Reckoner BBB-B CLO Reinvesting ETF) and TOT (LionShares U.S. Equity Total Return ETF) are both Actively Managed funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. RCLR charges 0.60%/yr vs 0.07%/yr for TOT.

Performance

RCLR vs. TOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner BBB-B CLO Reinvesting ETF (RCLR) and LionShares U.S. Equity Total Return ETF (TOT). 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*: —

TOT

• 1D: 0.78%
• 1M: 2.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RCLR vs. TOT - Yearly Performance Comparison

	2026 (YTD)
RCLR Reckoner BBB-B CLO Reinvesting ETF	0.57%
TOT LionShares U.S. Equity Total Return ETF	0.86%

Correlation

The correlation between RCLR and TOT is 0.14, 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 May 26, 2026	0.14

Return for Risk

RCLR vs. TOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner BBB-B CLO Reinvesting ETF (RCLR) and LionShares U.S. Equity Total Return ETF (TOT). 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. TOT - Drawdown Comparison

The maximum RCLR drawdown since its inception was -3.77%, smaller than the maximum TOT drawdown of -4.26%. Use the drawdown chart below to compare losses from any high point for RCLR and TOT.

Drawdown Indicators

	RCLR	TOT	Difference
Max Drawdown Largest peak-to-trough decline	-3.77%	-4.26%	+0.49%
Current Drawdown Current decline from peak	-0.06%	-0.62%	+0.56%
Average Drawdown Average peak-to-trough decline	-0.82%	-1.45%	+0.63%

Volatility

Volatility by Period

	RCLR	TOT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.89%	14.24%	-10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.89%	14.24%	-10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.89%	14.24%	-10.35%

RCLR vs. TOT - Expense Ratio Comparison

RCLR has a 0.60% expense ratio, which is higher than TOT's 0.07% expense ratio.

Dividends

RCLR vs. TOT - Dividend Comparison

Neither RCLR nor TOT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RCLR and TOT in my portfolio?

RCLR and TOT 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.

Which ETF is better, RCLR or TOT?

On fees, TOT is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RCLR or TOT?

TOT is cheaper with a 0.07% expense ratio, compared with 0.60% for RCLR.

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

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

What is the main difference between RCLR and TOT?

They also come from different issuers: Reckoner and LionShares. Their fees differ too: 0.60% for RCLR and 0.07% for TOT.