RAAY vs VYM
Reckoner Yield Enhanced AAA CLO Annual ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | RAAY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $15M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 3 | 613 | |
| YTD Return | +2.79% | +14.87% | |
| 1Y Return | - | +21.39% | |
| 3Y Return (annualized) | - | +18.69% | |
| 5Y Return (annualized) | - | +11.98% | |
| Volatility (annualized) | - | 14.5% | |
| Max Drawdown | -0.6% | -58.8% | |
| Fund Family | Reckoner Capital Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 11, 2026 | Nov 10, 2006 |
RAAY vs VYM Performance
Reckoner Yield Enhanced AAA CLO Annual ETF (RAAY) is a ETF from Reckoner Capital Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, RAAY is up 2.79% versus a gain of 14.87% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.6% for RAAY and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
RAAY charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, RAAY currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
RAAY and VYM share 0 holdings out of 604 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RAAY or VYM?
RAAY has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
What is the holdings overlap between RAAY and VYM?
RAAY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, RAAY or VYM?
RAAY yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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