RCLR vs SPY
Reckoner BBB-B CLO Reinvesting ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RCLR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $15M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 3 | 505 | |
| YTD Return | +2.91% | +12.71% | |
| 1Y Return | - | +20.53% | |
| 3Y Return (annualized) | - | +21.60% | |
| 5Y Return (annualized) | - | +12.79% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.8% | -56.5% | |
| Fund Family | Reckoner Capital Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 11, 2026 | Jan 22, 1993 |
RCLR vs SPY Performance
Reckoner BBB-B CLO Reinvesting ETF (RCLR) is a ETF from Reckoner Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, RCLR is up 2.91% versus a gain of 12.71% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.8% for RCLR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
RCLR charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, RCLR currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
RCLR and SPY share 0 holdings out of 506 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, RCLR or SPY?
RCLR has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
What is the holdings overlap between RCLR and SPY?
RCLR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, RCLR or SPY?
RCLR yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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