VCOB vs. RAAR

Last updated Jul 10, 2026

VCOB (Voya Core Bond ETF) and RAAR (Reckoner Yield Enhanced AAA CLO Reinvesting ETF) are both Actively Managed funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. VCOB charges 0.25%/yr vs 0.40%/yr for RAAR.

Performance

VCOB vs. RAAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Core Bond ETF (VCOB) and Reckoner Yield Enhanced AAA CLO Reinvesting ETF (RAAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VCOB

• 1D: 0.16%
• 1M: -0.03%
• 6M: -1.36%
• YTD: -1.32%
• 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)

VCOB vs. RAAR - Yearly Performance Comparison

	2026 (YTD)
VCOB Voya Core Bond ETF	-1.97%
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	2.03%

Correlation

The correlation between VCOB and RAAR is 0.16, 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	0.16

Return for Risk

VCOB vs. RAAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Core Bond ETF (VCOB) 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

VCOB vs. RAAR - Drawdown Comparison

The maximum VCOB drawdown since its inception was -3.27%, which is greater than RAAR's maximum drawdown of -0.65%. Use the drawdown chart below to compare losses from any high point for VCOB and RAAR.

Drawdown Indicators

	VCOB	RAAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.27%	-0.65%	-2.62%
Current Drawdown Current decline from peak	-2.64%	-0.07%	-2.57%
Average Drawdown Average peak-to-trough decline	-1.39%	-0.09%	-1.30%

Volatility

Volatility by Period

	VCOB	RAAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	1.95%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	1.95%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.87%	1.95%	+1.92%

VCOB vs. RAAR - Expense Ratio Comparison

VCOB has a 0.25% expense ratio, which is lower than RAAR's 0.40% expense ratio.

Dividends

VCOB vs. RAAR - Dividend Comparison

VCOB's dividend yield for the trailing twelve months is around 0.50%, while RAAR has not paid dividends to shareholders.

Position	TTM	2025
RAAR Reckoner Yield Enhanced AAA CLO Reinvesting ETF	0.00%	0.00%
VCOB Voya Core Bond ETF	0.50%	0.49%

Frequently Asked Questions

Can I hold both VCOB and RAAR in my portfolio?

VCOB and RAAR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VCOB or RAAR?

On fees, VCOB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VCOB or RAAR?

VCOB is cheaper with a 0.25% expense ratio, compared with 0.40% for RAAR.

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

VCOB has the higher dividend yield at 0.50%, compared with 0.00% for RAAR.

What is the main difference between VCOB and RAAR?

They also come from different issuers: Voya and Reckoner. Their fees differ too: 0.25% for VCOB and 0.40% for RAAR.