SCUB vs. RAAY

Last updated Jul 10, 2026

SCUB (Sterling Capital Ultra Short Bond ETF) and RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) are both Actively Managed funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. SCUB charges 0.30%/yr vs 0.35%/yr for RAAY.

Performance

SCUB vs. RAAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Ultra Short Bond ETF (SCUB) and Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SCUB

• 1D: 0.04%
• 1M: 0.36%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAAY

• 1D: 0.00%
• 1M: 0.49%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCUB vs. RAAY - Yearly Performance Comparison

	2026 (YTD)
SCUB Sterling Capital Ultra Short Bond ETF	1.30%
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	1.94%

Correlation

The correlation between SCUB and RAAY is 0.13, 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 Mar 30, 2026	0.13

Return for Risk

SCUB vs. RAAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Ultra Short Bond ETF (SCUB) 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.

Drawdowns

SCUB vs. RAAY - Drawdown Comparison

The maximum SCUB drawdown since its inception was -0.08%, smaller than the maximum RAAY drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for SCUB and RAAY.

Drawdown Indicators

	SCUB	RAAY	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-0.62%	+0.54%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.08%	+0.07%

Volatility

Volatility by Period

	SCUB	RAAY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.79%	1.37%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.79%	1.37%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.79%	1.37%	-0.58%

SCUB vs. RAAY - Expense Ratio Comparison

SCUB has a 0.30% expense ratio, which is lower than RAAY's 0.35% expense ratio.

Dividends

SCUB vs. RAAY - Dividend Comparison

SCUB's dividend yield for the trailing twelve months is around 1.33%, while RAAY has not paid dividends to shareholders.

Position	TTM
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF	0.00%
SCUB Sterling Capital Ultra Short Bond ETF	1.33%

Frequently Asked Questions

Can I hold both SCUB and RAAY in my portfolio?

SCUB and RAAY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCUB or RAAY?

On fees, SCUB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCUB or RAAY?

SCUB is cheaper with a 0.30% expense ratio, compared with 0.35% for RAAY.

Which ETF pays a higher dividend yield, SCUB or RAAY?

SCUB has the higher dividend yield at 1.33%, compared with 0.00% for RAAY.

What is the main difference between SCUB and RAAY?

They also come from different issuers: Sterling Capital and Reckoner. Their fees differ too: 0.30% for SCUB and 0.35% for RAAY.