SMRF vs. RAAR

Last updated Jul 10, 2026

SMRF (ALPS Nautilus SMR, Nuclear & Technology ETF) and RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) are both Actively Managed funds. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. SMRF charges 0.65%/yr vs 0.40%/yr for RAAR.

Performance

SMRF vs. RAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) and Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMRF

• 1D: 1.90%
• 1M: -0.53%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAAR

• 1D: -0.07%
• 1M: 0.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMRF vs. RAAR - Yearly Performance Comparison

	2026 (YTD)
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF	0.00%
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	1.89%

Correlation

The correlation between SMRF and RAAR 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 (All Time) Calculated using the full available price history since Feb 19, 2026	-0.02

Return for Risk

SMRF vs. RAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) and Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR). 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

SMRF vs. RAAR - Drawdown Comparison

The maximum SMRF drawdown since its inception was -17.20%, which is greater than RAAR's maximum drawdown of -0.65%. Use the drawdown chart below to compare losses from any high point for SMRF and RAAR.

Drawdown Indicators

	SMRF	RAAR	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-0.65%	-16.55%
Current Drawdown Current decline from peak	-14.19%	-0.07%	-14.12%
Average Drawdown Average peak-to-trough decline	-6.73%	-0.09%	-6.64%

Volatility

Volatility by Period

	SMRF	RAAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	44.61%	1.95%	+42.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.61%	1.95%	+42.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.61%	1.95%	+42.66%

SMRF vs. RAAR - Expense Ratio Comparison

SMRF has a 0.65% expense ratio, which is higher than RAAR's 0.40% expense ratio.

Dividends

SMRF vs. RAAR - Dividend Comparison

SMRF's dividend yield for the trailing twelve months is around 0.30%, while RAAR has not paid dividends to shareholders.

Position	TTM
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	0.00%
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF	0.30%

Frequently Asked Questions

Can I hold both SMRF and RAAR in my portfolio?

SMRF and RAAR 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 ETF is better, SMRF or RAAR?

On fees, RAAR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMRF or RAAR?

RAAR is cheaper with a 0.40% expense ratio, compared with 0.65% for SMRF.

Which ETF pays a higher dividend yield, SMRF or RAAR?

SMRF has the higher dividend yield at 0.30%, compared with 0.00% for RAAR.

What is the main difference between SMRF and RAAR?

They also come from different issuers: ALPS and Reckoner. Their fees differ too: 0.65% for SMRF and 0.40% for RAAR.