TLDR vs. ATCL

Last updated Jun 5, 2026

TLDR (The Laddered T-Bill ETF) and ATCL (REX Autocallable Income ETF) are both exchange-traded funds - TLDR is a Ultrashort Bond fund actively managed by REX Shares, while ATCL is a Derivative Income fund actively managed by REX Shares. Both are actively managed. At a correlation of -0.18, they often move in opposite directions. TLDR charges 0.20%/yr vs 0.65%/yr for ATCL.

Performance

TLDR vs. ATCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Laddered T-Bill ETF (TLDR) and REX Autocallable Income ETF (ATCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLDR

• 1D: -0.02%
• 1M: 0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATCL

• 1D: 0.03%
• 1M: 1.01%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLDR vs. ATCL - Yearly Performance Comparison

	2026 (YTD)
TLDR The Laddered T-Bill ETF	0.90%
ATCL REX Autocallable Income ETF	3.57%

Correlation

The correlation between TLDR and ATCL is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	-0.18

Return for Risk

TLDR vs. ATCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) and REX Autocallable Income ETF (ATCL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TLDR	ATCL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	8.54	1.43	+7.11

Drawdowns

TLDR vs. ATCL - Drawdown Comparison

The maximum TLDR drawdown since its inception was -0.05%, smaller than the maximum ATCL drawdown of -6.08%. Use the drawdown chart below to compare losses from any high point for TLDR and ATCL.

Drawdown Indicators

	TLDR	ATCL	Difference
Max Drawdown Largest peak-to-trough decline	-0.05%	-6.08%	+6.03%
Current Drawdown Current decline from peak	-0.02%	-0.29%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.86%	+0.85%

Volatility

Volatility by Period

	TLDR	ATCL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.40%	8.94%	-8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	8.94%	-8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.40%	8.94%	-8.54%

TLDR vs. ATCL - Expense Ratio Comparison

TLDR has a 0.20% expense ratio, which is lower than ATCL's 0.65% expense ratio.

Dividends

TLDR vs. ATCL - Dividend Comparison

TLDR's dividend yield for the trailing twelve months is around 1.22%, less than ATCL's 3.37% yield.

Position	TTM
ATCL REX Autocallable Income ETF	3.37%
TLDR The Laddered T-Bill ETF	1.22%

Frequently Asked Questions

Can I hold both TLDR and ATCL in my portfolio?

TLDR and ATCL have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLDR or ATCL?

On fees, TLDR 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, TLDR or ATCL?

TLDR is cheaper with a 0.20% expense ratio, compared with 0.65% for ATCL.

Which ETF pays a higher dividend yield, TLDR or ATCL?

ATCL has the higher dividend yield at 3.37%, compared with 1.22% for TLDR.

What is the main difference between TLDR and ATCL?

TLDR is categorized as Ultrashort Bond, while ATCL is Derivative Income. Their fees differ too: 0.20% for TLDR and 0.65% for ATCL.