RCLY vs. TOT

Last updated Jul 10, 2026

RCLY (Reckoner BBB-B CLO Annual ETF) and TOT (LionShares U.S. Equity Total Return ETF) are both Actively Managed funds. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. RCLY charges 0.55%/yr vs 0.07%/yr for TOT.

Performance

RCLY vs. TOT - Performance Comparison

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

TOT

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

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

RCLY vs. TOT - Yearly Performance Comparison

	2026 (YTD)
RCLY Reckoner BBB-B CLO Annual ETF	0.51%
TOT LionShares U.S. Equity Total Return ETF	0.86%

Correlation

The correlation between RCLY and TOT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.03

Return for Risk

RCLY vs. TOT - Risk-Adjusted Trends Comparison

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

RCLY vs. TOT - Drawdown Comparison

The maximum RCLY drawdown since its inception was -3.69%, smaller than the maximum TOT drawdown of -4.26%. Use the drawdown chart below to compare losses from any high point for RCLY and TOT.

Drawdown Indicators

	RCLY	TOT	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-4.26%	+0.57%
Current Drawdown Current decline from peak	-0.07%	-0.62%	+0.55%
Average Drawdown Average peak-to-trough decline	-0.77%	-1.45%	+0.68%

Volatility

Volatility by Period

	RCLY	TOT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	14.24%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.69%	14.24%	-10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.69%	14.24%	-10.55%

RCLY vs. TOT - Expense Ratio Comparison

RCLY has a 0.55% expense ratio, which is higher than TOT's 0.07% expense ratio.

Dividends

RCLY vs. TOT - Dividend Comparison

Neither RCLY nor TOT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RCLY and TOT in my portfolio?

RCLY and TOT have a correlation of -0.03, 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 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, RCLY or TOT?

TOT is cheaper with a 0.07% expense ratio, compared with 0.55% for RCLY.

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

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

What is the main difference between RCLY and TOT?

They also come from different issuers: Reckoner and LionShares. Their fees differ too: 0.55% for RCLY and 0.07% for TOT.