RCLY vs. RAAY
RCLY (Reckoner BBB-B CLO Annual ETF) and RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) are both Actively Managed funds from Reckoner. Both are actively managed. Their 0.30 correlation means their historical movements had little consistent relationship. RCLY charges 0.55%/yr vs 0.35%/yr for RAAY.
Performance
RCLY vs. RAAY - Performance Comparison
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Returns By Period
RCLY
- 1D
- 0.00%
- 1M
- 0.33%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RAAY
- 1D
- 0.03%
- 1M
- 0.36%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $613.07 | $641.73 | $255.86 | |
| $608.53 | $622.30 | $3.07K |
RCLY vs. RAAY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
RCLY Reckoner BBB-B CLO Annual ETF | 1.40% |
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF | 2.24% |
Correlation
The correlation between RCLY and RAAY is 0.30, 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 | 0.30 |
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Return for Risk
RCLY vs. RAAY - 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 Annual ETF (RAAY). 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.
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Drawdowns
RCLY vs. RAAY - Drawdown Comparison
The maximum RCLY drawdown since its inception was -3.69%, which is greater than RAAY's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for RCLY and RAAY.
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Drawdown Indicators
| RCLY | RAAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.69% | -0.62% | -3.07% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -0.07% | -0.61% |
Volatility
RCLY vs. RAAY - Volatility Comparison
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Volatility by Period
| RCLY | RAAY | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 1.29% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 1.29% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.46% | 1.29% | +2.17% |
RCLY vs. RAAY - Expense Ratio Comparison
RCLY has a 0.55% expense ratio, which is higher than RAAY's 0.35% expense ratio.
Dividends
RCLY vs. RAAY - Dividend Comparison
Neither RCLY nor RAAY has paid dividends to shareholders.
Frequently Asked Questions
RCLY and RAAY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RAAY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RAAY is cheaper with a 0.35% expense ratio, compared with 0.55% for RCLY.
RCLY and RAAY have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.55% for RCLY and 0.35% for RAAY.
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