RDTL vs. AAA

Last updated Jun 24, 2026

RDTL (GraniteShares 2x Long RDDT Daily ETF) and AAA (AAF First Priority CLO Bond ETF) are both exchange-traded funds - RDTL is a Leveraged Equities fund actively managed by GraniteShares, while AAA is a CLO fund actively managed by Alternative Access Funds LLC. Both are actively managed. Over the past year, RDTL returned -15.91% vs 4.96% for AAA. At a 0.02 correlation, their price movements are largely independent. RDTL charges 1.50%/yr vs 0.25%/yr for AAA.

Performance

RDTL vs. AAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RDDT Daily ETF (RDTL) and AAF First Priority CLO Bond ETF (AAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTL achieves a -61.77% return, which is significantly lower than AAA's 1.98% return.

RDTL

• 1D: -6.16%
• 1M: 27.13%
• YTD: -61.77%
• 6M: -60.64%
• 1Y: -15.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAA

• 1D: -0.07%
• 1M: 0.55%
• YTD: 1.98%
• 6M: 2.06%
• 1Y: 4.96%
• 3Y*: 6.34%
• 5Y*: 4.64%
• 10Y*: —

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

RDTL vs. AAA - Yearly Performance Comparison

	2026 (YTD)	2025
RDTL GraniteShares 2x Long RDDT Daily ETF	-61.77%	104.22%
AAA AAF First Priority CLO Bond ETF	1.98%	4.21%

Correlation

The correlation between RDTL and AAA is -0.02, 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 (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	0.02

Return for Risk

RDTL vs. AAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDTL

RDTL Risk / Return Rank: 11
RDTL Sharpe Ratio Rank: 8
RDTL Sortino Ratio Rank: 16
RDTL Omega Ratio Rank: 15
RDTL Calmar Ratio Rank: 7
RDTL Martin Ratio Rank: 8

AAA

AAA Risk / Return Rank: 84
AAA Sharpe Ratio Rank: 70
AAA Sortino Ratio Rank: 86
AAA Omega Ratio Rank: 76
AAA Calmar Ratio Rank: 96
AAA Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RDTL vs. AAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RDDT Daily ETF (RDTL) and AAF First Priority CLO Bond ETF (AAA). 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.

	RDTL	AAA	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	2.15	-2.27
Sortino ratio: Return per unit of downside risk	0.77	3.63	-2.85
Omega ratio: Gain probability vs. loss probability	1.09	1.42	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.19	8.26	-8.45
Martin ratio: Return relative to average drawdown	-0.29	24.40	-24.69

RDTL vs. AAA - Sharpe Ratio Comparison

The current RDTL Sharpe Ratio is -0.12, which is lower than the AAA Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of RDTL and AAA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RDTL vs. AAA - Drawdown Comparison

The maximum RDTL drawdown since its inception was -85.21%, which is greater than AAA's maximum drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for RDTL and AAA.

Drawdown Indicators

	RDTL	AAA	Difference
Max Drawdown Largest peak-to-trough decline	-85.21%	-2.63%	-82.58%
Max Drawdown (1Y) Largest decline over 1 year	-85.21%	-0.60%	-84.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.63%	—
Current Drawdown Current decline from peak	-76.73%	-0.10%	-76.63%
Average Drawdown Average peak-to-trough decline	-44.92%	-0.31%	-44.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.52%	0.20%	+55.32%

Volatility

RDTL vs. AAA - Volatility Comparison

GraniteShares 2x Long RDDT Daily ETF (RDTL) has a higher volatility of 49.06% compared to AAF First Priority CLO Bond ETF (AAA) at 0.77%. This indicates that RDTL's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTL	AAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.06%	0.77%	+48.29%
Volatility (6M) Calculated over the trailing 6-month period	95.69%	1.78%	+93.91%
Volatility (1Y) Calculated over the trailing 1-year period	131.93%	2.32%	+129.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.06%	2.29%	+140.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.06%	2.15%	+140.91%

RDTL vs. AAA - Expense Ratio Comparison

RDTL has a 1.50% expense ratio, which is higher than AAA's 0.25% expense ratio.

Dividends

RDTL vs. AAA - Dividend Comparison

RDTL has not paid dividends to shareholders, while AAA's dividend yield for the trailing twelve months is around 4.90%.

Position	TTM	2025	2024	2023	2022	2021	2020
AAA AAF First Priority CLO Bond ETF	4.90%	5.11%	6.17%	6.11%	2.78%	1.06%	0.32%
RDTL GraniteShares 2x Long RDDT Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDTL and AAA in my portfolio?

RDTL and AAA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTL or AAA?

RDTL has higher volatility (49.06%) compared to AAA (0.77%). In terms of maximum drawdown, RDTL dropped -85.21% vs AAA's -2.63%.

Which ETF is better, RDTL or AAA?

On 1-year performance, AAA leads with 4.96% vs -15.91% for RDTL. On fees, AAA is cheaper at 0.25% per year. On volatility, AAA has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTL or AAA?

Over the 1-year period, AAA has performed better with a 4.96% return vs -15.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTL or AAA?

AAA is cheaper with a 0.25% expense ratio, compared with 1.50% for RDTL.

Which ETF pays a higher dividend yield, RDTL or AAA?

AAA has the higher dividend yield at 4.90%, compared with 0.00% for RDTL.

What is the main difference between RDTL and AAA?

RDTL is categorized as Leveraged Equities, while AAA is CLO. They also come from different issuers: GraniteShares and Alternative Access Funds LLC. Their fees differ too: 1.50% for RDTL and 0.25% for AAA.

Which has better risk-adjusted returns?

AAA currently has the higher Sharpe Ratio (2.15 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.