RCLY vs. BDBT

Last updated Jul 30, 2026

RCLY (Reckoner BBB-B CLO Annual ETF) and BDBT (Bluemonte Core Bond ETF) are both exchange-traded funds - RCLY is a Actively Managed fund actively managed by Reckoner, while BDBT is a Intermediate Core Bond fund actively managed by Bluemonte. Both are actively managed. Their 0.17 correlation means their historical movements had little consistent relationship. RCLY charges 0.55%/yr vs 0.23%/yr for BDBT.

Performance

RCLY vs. BDBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reckoner BBB-B CLO Annual ETF (RCLY) and Bluemonte Core Bond ETF (BDBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RCLY

• 1D: 0.00%
• 1M: 0.33%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BDBT

• 1D: -0.39%
• 1M: -1.55%
• 6M: -0.72%
• YTD: -0.57%
• 1Y: 2.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.83%

*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)
BDBT Bluemonte Core Bond ETF	$736.10K	$974.12K	$1.16M
RCLY Reckoner BBB-B CLO Annual ETF	$608.53	$622.30	$3.07K

RCLY vs. BDBT - Yearly Performance Comparison

	2026 (YTD)
RCLY Reckoner BBB-B CLO Annual ETF	1.40%
BDBT Bluemonte Core Bond ETF	-1.38%

Correlation

The correlation between RCLY and BDBT is 0.17, 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	0.17

Return for Risk

RCLY vs. BDBT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RCLY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BDBT

BDBT Risk / Return Rank: 26
BDBT Sharpe Ratio Rank: 27
BDBT Sortino Ratio Rank: 25
BDBT Omega Ratio Rank: 24
BDBT Calmar Ratio Rank: 27
BDBT Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RCLY vs. BDBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner BBB-B CLO Annual ETF (RCLY) and Bluemonte Core Bond ETF (BDBT). 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.

	RCLY	BDBT	Difference
Sharpe ratio: Return per unit of total volatility	—	0.63	—
Sortino ratio: Return per unit of downside risk	—	0.94	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.85	—
Martin ratio: Return relative to average drawdown	—	2.12	—

Drawdowns

RCLY vs. BDBT - Drawdown Comparison

The maximum RCLY drawdown since its inception was -3.69%, which is greater than BDBT's maximum drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for RCLY and BDBT.

Drawdown Indicators

	RCLY	BDBT	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-2.88%	-0.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.88%	—
Current Drawdown Current decline from peak	0.00%	-2.36%	+2.36%
Average Drawdown Average peak-to-trough decline	-0.68%	-0.83%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.15%	—

Volatility

Volatility by Period

	RCLY	BDBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	3.88%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.46%	3.86%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.46%	3.86%	-0.40%

RCLY vs. BDBT - Expense Ratio Comparison

RCLY has a 0.55% expense ratio, which is higher than BDBT's 0.23% expense ratio.

Dividends

RCLY vs. BDBT - Dividend Comparison

RCLY has not paid dividends to shareholders, while BDBT's dividend yield for the trailing twelve months is around 4.24%.

Position	TTM	2025
BDBT Bluemonte Core Bond ETF	4.24%	2.21%
RCLY Reckoner BBB-B CLO Annual ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RCLY and BDBT in my portfolio?

RCLY and BDBT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RCLY or BDBT?

On fees, BDBT is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RCLY or BDBT?

BDBT is cheaper with a 0.23% expense ratio, compared with 0.55% for RCLY.

Which ETF pays a higher dividend yield, RCLY or BDBT?

BDBT has the higher dividend yield at 4.24%, compared with 0.00% for RCLY.

What is the main difference between RCLY and BDBT?

RCLY is categorized as Actively Managed, while BDBT is Intermediate Core Bond. They also come from different issuers: Reckoner and Bluemonte. Their fees differ too: 0.55% for RCLY and 0.23% for BDBT.