CEFZ vs CVAR

Comparison between RIVERNORTH ACTIVE INCOME ETF (CEFZ, ETF) and CULTIVAR ETF (CVAR, ETF).

5-Year PerformanceCEFZ has outperformed CVAR, delivering a return of +15.3% compared to +6.1%

CEFZ vs CVAR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEFZ(ETF)	CVAR(ETF)
Net Assets	$40M	$40M
Expense Ratio	3.36%	0.87%
Max Drawdown	93.56%	20.48%
Sharpe Ratio	1.10	0.72
5Y Beta	0.62	0.54
P/E Ratio	N/A	27.70
Forward P/E	N/A	14.68
PEG Ratio	N/A	-0.30
5Y EPS CAGR	N/A	2.05%
Debt to Equity	N/A	54.02%
P/S Ratio	N/A	1.32
P/B Ratio	N/A	2.12

Net Assets

CEFZ

$40M

CVAR

$40M

Expense Ratio

CEFZ

3.36%

Winner

CVAR

0.87%

Max Drawdown

CEFZ

93.56%

Winner

CVAR

20.48%

Sharpe Ratio

Winner

CEFZ

1.10

CVAR

0.72

5Y Beta

CEFZ

0.62

Winner

CVAR

0.54

P/E Ratio

CEFZ

N/A

CVAR

27.70

Forward P/E

CEFZ

N/A

CVAR

14.68

PEG Ratio

CEFZ

N/A

CVAR

-0.30

5Y EPS CAGR

CEFZ

N/A

CVAR

2.05%

Debt to Equity

CEFZ

N/A

CVAR

54.02%

P/S Ratio

CEFZ

N/A

CVAR

1.32

P/B Ratio

CEFZ

N/A

CVAR

2.12

CEFZ vs CVAR - Historical Returns

Returns include dividend reinvestment.

Period	CEFZ	CVAR
1 month	+0.40%	+4.43%
3 months	+1.27%	+1.07%
6 months	+2.88%	-1.10%
1 year	+13.06%	+12.01%
5 years(CAGR)	+15.28%	+6.06%
Max(CAGR)	-5.38%	+6.06%

CEFZ

+0.40%

Winner

CVAR

+4.43%

Winner

CEFZ

+1.27%

CVAR

+1.07%

Winner

CEFZ

+2.88%

CVAR

-1.10%

Winner

CEFZ

+13.06%

CVAR

+12.01%

5Y(CAGR)

Winner

CEFZ

+15.28%

CVAR

+6.06%

Max(CAGR)

CEFZ

-5.38%

Winner

CVAR

+6.06%

CEFZ vs CVAR - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	CEFZ	CVAR
2026	+4.80%	+3.44%
2025	+7.67%	+14.83%
2024	N/A	+3.11%
2023	N/A	+11.01%
2022	N/A	-6.34%
2021	N/A	+0.71%
2020	-73.60%	N/A
2019	+5.16%	N/A

CEFZ vs CVAR Drawdown Comparison

The maximum drawdown for CEFZ was -93.40%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The maximum drawdown for CVAR was -19.39%, occurring on Sep 27, 2022. Recovery took 197 trading sessions.

The current CEFZ drawdown is -37.72%. The current CVAR drawdown is -3.67%.

Rank	CEFZ	CVAR
#1	-93.40% Feb 19, 2020 - Mar 18, 2020	-19.39% Apr 20, 2022 - Feb 1, 2023
#2	-3.84% Jan 22, 2020 - Feb 19, 2020	-18.68% Feb 2, 2023 - Jul 16, 2024
#3	-1.49% Nov 4, 2019 - Nov 29, 2019	-13.51% Dec 2, 2024 - Jul 1, 2025
#4	-1.11% Dec 26, 2019 - Jan 2, 2020	-8.45% Feb 27, 2026 - Mar 19, 2026
#5	-0.64% Nov 29, 2019 - Dec 9, 2019	-6.66% Oct 27, 2025 - Dec 11, 2025
#6	-0.56% Jan 17, 2020 - Jan 22, 2020	-5.75% Jul 17, 2024 - Sep 13, 2024
#7	-0.34% Oct 25, 2019 - Nov 1, 2019	-5.42% Jan 14, 2022 - Mar 25, 2022
#8	-0.17% Jan 2, 2020 - Jan 7, 2020	-4.37% Jul 23, 2025 - Aug 22, 2025
#9	-0.10% Dec 12, 2019 - Dec 16, 2019	-3.64% Oct 18, 2024 - Nov 6, 2024
#10	-0.07% Dec 20, 2019 - Dec 24, 2019	-3.35% Oct 3, 2025 - Oct 22, 2025
#11	N/A	-2.78% Nov 11, 2024 - Nov 25, 2024
#12	N/A	-2.59% Jul 10, 2025 - Jul 23, 2025
#13	N/A	-2.49% Mar 29, 2022 - Apr 20, 2022
#14	N/A	-2.38% Jan 26, 2026 - Feb 11, 2026
#15	N/A	-1.68% Sep 30, 2024 - Oct 14, 2024