RCLY vs. RAAR

Last updated Jul 10, 2026

RCLY (Reckoner BBB-B CLO Annual ETF) and RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) are both Actively Managed funds from Reckoner. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. RCLY charges 0.55%/yr vs 0.40%/yr for RAAR.

Performance

RCLY vs. RAAR - Performance Comparison

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

Returns By Period

RCLY

• 1D: -0.07%
• 1M: 0.21%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAAR

• 1D: -0.07%
• 1M: 0.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RCLY vs. RAAR - Yearly Performance Comparison

	2026 (YTD)
RCLY Reckoner BBB-B CLO Annual ETF	1.09%
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	2.03%

Correlation

The correlation between RCLY and RAAR is 0.26, 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 Feb 11, 2026	0.26

Return for Risk

RCLY vs. RAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reckoner BBB-B CLO Annual ETF (RCLY) 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

RCLY vs. RAAR - Drawdown Comparison

The maximum RCLY drawdown since its inception was -3.69%, which is greater than RAAR's maximum drawdown of -0.65%. Use the drawdown chart below to compare losses from any high point for RCLY and RAAR.

Drawdown Indicators

	RCLY	RAAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-0.65%	-3.04%
Current Drawdown Current decline from peak	-0.07%	-0.07%	0.00%
Average Drawdown Average peak-to-trough decline	-0.77%	-0.09%	-0.68%

Volatility

Volatility by Period

	RCLY	RAAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	1.95%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.69%	1.95%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.69%	1.95%	+1.74%

RCLY vs. RAAR - Expense Ratio Comparison

RCLY has a 0.55% expense ratio, which is higher than RAAR's 0.40% expense ratio.

Dividends

RCLY vs. RAAR - Dividend Comparison

Neither RCLY nor RAAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RCLY and RAAR in my portfolio?

RCLY and RAAR have a correlation of 0.26, 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 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, RCLY or RAAR?

RAAR is cheaper with a 0.40% expense ratio, compared with 0.55% for RCLY.

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

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

What is the main difference between RCLY and RAAR?

Their fees differ too: 0.55% for RCLY and 0.40% for RAAR.