TEMR vs. RAAR

Last updated Jul 10, 2026

TEMR (T. Rowe Price Emerging Markets Equity Research ETF) and RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) are both Actively Managed funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.40% expense ratio.

Performance

TEMR vs. RAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Emerging Markets Equity Research ETF (TEMR) and Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEMR

• 1D: 0.85%
• 1M: 1.80%
• 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)

TEMR vs. RAAR - Yearly Performance Comparison

	2026 (YTD)
TEMR T. Rowe Price Emerging Markets Equity Research ETF	15.02%
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	2.17%

Correlation

The correlation between TEMR and RAAR is -0.01, 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 Mar 12, 2026	-0.01

Return for Risk

TEMR vs. RAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Equity Research ETF (TEMR) 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

TEMR vs. RAAR - Drawdown Comparison

The maximum TEMR drawdown since its inception was -8.74%, which is greater than RAAR's maximum drawdown of -0.65%. Use the drawdown chart below to compare losses from any high point for TEMR and RAAR.

Drawdown Indicators

	TEMR	RAAR	Difference
Max Drawdown Largest peak-to-trough decline	-8.74%	-0.65%	-8.09%
Current Drawdown Current decline from peak	-6.13%	-0.07%	-6.06%
Average Drawdown Average peak-to-trough decline	-2.61%	-0.09%	-2.52%

Volatility

Volatility by Period

	TEMR	RAAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.63%	1.95%	+31.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.63%	1.95%	+31.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.63%	1.95%	+31.68%

TEMR vs. RAAR - Expense Ratio Comparison

Both TEMR and RAAR have an expense ratio of 0.40%.

Dividends

TEMR vs. RAAR - Dividend Comparison

Neither TEMR nor RAAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TEMR and RAAR in my portfolio?

TEMR and RAAR have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEMR or RAAR?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEMR or RAAR?

TEMR and RAAR have the same expense ratio: 0.40% per year.

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

TEMR and RAAR have nearly identical dividend yields, around 0.00%.

What is the main difference between TEMR and RAAR?

They also come from different issuers: T. Rowe Price and Reckoner.