TACN vs. RCLY

Last updated Jul 17, 2026

TACN (T. Rowe Price Active Core International Equity ETF) and RCLY (Reckoner BBB-B CLO Annual ETF) are both Actively Managed funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. TACN charges 0.20%/yr vs 0.55%/yr for RCLY.

Performance

TACN vs. RCLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Active Core International Equity ETF (TACN) and Reckoner BBB-B CLO Annual ETF (RCLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TACN

• 1D: -0.54%
• 1M: -0.15%
• 6M: 7.27%
• YTD: 11.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RCLY

• 1D: 0.04%
• 1M: 0.24%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TACN vs. RCLY - Yearly Performance Comparison

	2026 (YTD)
TACN T. Rowe Price Active Core International Equity ETF	1.86%
RCLY Reckoner BBB-B CLO Annual ETF	1.28%

Correlation

The correlation between TACN and RCLY is 0.15, 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 Feb 11, 2026	0.15

Return for Risk

TACN vs. RCLY - 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 BBB-B CLO Annual ETF (RCLY). 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

TACN vs. RCLY - Drawdown Comparison

The maximum TACN drawdown since its inception was -10.98%, which is greater than RCLY's maximum drawdown of -3.69%. Use the drawdown chart below to compare losses from any high point for TACN and RCLY.

Drawdown Indicators

	TACN	RCLY	Difference
Max Drawdown Largest peak-to-trough decline	-10.98%	-3.69%	-7.29%
Current Drawdown Current decline from peak	-1.11%	0.00%	-1.11%
Average Drawdown Average peak-to-trough decline	-2.37%	-0.73%	-1.64%

Volatility

Volatility by Period

	TACN	RCLY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	3.61%	+13.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	3.61%	+13.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.42%	3.61%	+13.81%

TACN vs. RCLY - Expense Ratio Comparison

TACN has a 0.20% expense ratio, which is lower than RCLY's 0.55% expense ratio.

Dividends

TACN vs. RCLY - Dividend Comparison

Neither TACN nor RCLY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TACN and RCLY in my portfolio?

TACN and RCLY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TACN or RCLY?

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.

Which ETF is cheaper, TACN or RCLY?

TACN is cheaper with a 0.20% expense ratio, compared with 0.55% for RCLY.

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

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

What is the main difference between TACN and RCLY?

They also come from different issuers: T. Rowe Price and Reckoner. Their fees differ too: 0.20% for TACN and 0.55% for RCLY.