TACN vs. RAAY
TACN (T. Rowe Price Active Core International Equity ETF) and RAAY (Reckoner Yield Enhanced AAA CLO Annual ETF) are both Actively Managed funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. TACN charges 0.20%/yr vs 0.35%/yr for RAAY.
Performance
TACN vs. RAAY - Performance Comparison
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Returns By Period
TACN
- 1D
- 0.39%
- 1M
- 2.67%
- 6M
- 8.65%
- YTD
- 10.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAAY
- 1D
- 0.00%
- 1M
- 0.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TACN vs. RAAY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TACN T. Rowe Price Active Core International Equity ETF | 1.80% |
RAAY Reckoner Yield Enhanced AAA CLO Annual ETF | 1.99% |
Correlation
The correlation between TACN and RAAY is 0.07, 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 11, 2026 | 0.07 |
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Return for Risk
TACN vs. RAAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Active Core International Equity ETF (TACN) 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.
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Drawdowns
TACN vs. RAAY - Drawdown Comparison
The maximum TACN drawdown since its inception was -10.98%, which is greater than RAAY's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for TACN and RAAY.
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Drawdown Indicators
| TACN | RAAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -0.62% | -10.36% |
Current DrawdownCurrent decline from peak | -1.18% | 0.00% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -0.08% | -2.34% |
Volatility
TACN vs. RAAY - Volatility Comparison
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Volatility by Period
| TACN | RAAY | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 1.37% | +16.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 1.37% | +16.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 1.37% | +16.22% |
TACN vs. RAAY - Expense Ratio Comparison
TACN has a 0.20% expense ratio, which is lower than RAAY's 0.35% expense ratio.
Dividends
TACN vs. RAAY - Dividend Comparison
Neither TACN nor RAAY has paid dividends to shareholders.
Frequently Asked Questions
TACN and RAAY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TACN is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TACN is cheaper with a 0.20% expense ratio, compared with 0.35% for RAAY.
TACN and RAAY have nearly identical dividend yields, around 0.00%.
They also come from different issuers: T. Rowe Price and Reckoner. Their fees differ too: 0.20% for TACN and 0.35% for RAAY.
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