RCLY vs. RCLO

Last updated Jul 31, 2026

RCLY (Reckoner BBB-B CLO Annual ETF) and RCLO (Reckoner BBB-B CLO ETF) are both Actively Managed funds from Reckoner. Both are actively managed. Their correlation of 0.87 means they have usually moved in the same direction. RCLY charges 0.55%/yr vs 0.50%/yr for RCLO.

Performance

RCLY vs. RCLO - Performance Comparison

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

Returns By Period

RCLY

• 1D: 0.04%
• 1M: 0.37%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

RCLO

• 1D: 0.02%
• 1M: 0.37%
• 6M: 1.63%
• YTD: 2.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
RCLO Reckoner BBB-B CLO ETF	$18.54K	$33.07K	$123.70K
RCLY Reckoner BBB-B CLO Annual ETF	$608.63	$622.41	$3.08K

RCLY vs. RCLO - Yearly Performance Comparison

	2026 (YTD)
RCLY Reckoner BBB-B CLO Annual ETF	1.44%
RCLO Reckoner BBB-B CLO ETF	1.54%

Correlation

The correlation between RCLY and RCLO is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.87

Return for Risk

RCLY vs. RCLO - Risk-Adjusted Trends Comparison

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

The maximum RCLY drawdown since its inception was -3.69%, roughly equal to the maximum RCLO drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for RCLY and RCLO.

Drawdown Indicators

	RCLY	RCLO	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-3.70%	+0.01%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.67%	-0.41%	-0.26%

Volatility

Volatility by Period

	RCLY	RCLO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	2.86%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	2.86%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	2.86%	+0.59%

RCLY vs. RCLO - Expense Ratio Comparison

RCLY has a 0.55% expense ratio, which is higher than RCLO's 0.50% expense ratio.

Dividends

RCLY vs. RCLO - Dividend Comparison

RCLY has not paid dividends to shareholders, while RCLO's dividend yield for the trailing twelve months is around 4.72%.

Position	TTM	2025
RCLO Reckoner BBB-B CLO ETF	4.72%	1.32%
RCLY Reckoner BBB-B CLO Annual ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RCLY and RCLO in my portfolio?

RCLY and RCLO have a correlation of 0.87, 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 RCLO?

On fees, RCLO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RCLY or RCLO?

RCLO is cheaper with a 0.50% expense ratio, compared with 0.55% for RCLY.

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

RCLO has the higher dividend yield at 4.72%, compared with 0.00% for RCLY.

What is the main difference between RCLY and RCLO?

Their fees differ too: 0.55% for RCLY and 0.50% for RCLO.