CEFZ vs FIAT

Comparison between RIVERNORTH ACTIVE INCOME ETF (CEFZ, ETF) and YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF (FIAT, ETF).

CEFZ vs FIAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEFZ(ETF)	FIAT(ETF)
Net Assets	$39M	$39M
Expense Ratio	3.36%	1.05%
Max Drawdown	93.56%	91.39%
Sharpe Ratio	0.80	0.28
5Y Beta	0.64	-1.84

Net Assets

CEFZ

$39M

FIAT

$39M

Expense Ratio

CEFZ

3.36%

Winner

FIAT

1.05%

Max Drawdown

CEFZ

93.56%

Winner

FIAT

91.39%

Sharpe Ratio

Winner

CEFZ

0.80

FIAT

0.28

5Y Beta

CEFZ

0.64

Winner

FIAT

-1.84

CEFZ vs FIAT - Historical Returns

Returns include dividend reinvestment.

Period	CEFZ	FIAT
1 month	-0.65%	+20.49%
3 months	+3.75%	+20.47%
6 months	+3.99%	+37.27%
1 year	+11.91%	+1.25%
5 years(CAGR)	+15.43%	N/A
Max(CAGR)	-5.62%	-20.95%

CEFZ

-0.65%

Winner

FIAT

+20.49%

CEFZ

+3.75%

Winner

FIAT

+20.47%

CEFZ

+3.99%

Winner

FIAT

+37.27%

Winner

CEFZ

+11.91%

FIAT

+1.25%

5Y(CAGR)

CEFZ

+15.43%

FIAT

N/A

Max(CAGR)

Winner

CEFZ

-5.62%

FIAT

-20.95%

CEFZ vs FIAT - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	CEFZ	FIAT
2026	+3.74%	+22.44%
2025	+7.67%	-23.87%
2024	N/A	-28.97%
2020	-73.60%	N/A
2019	+5.16%	N/A

CEFZ vs FIAT 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 FIAT was -70.67%, occurring on Jul 18, 2025. This drawdown has not yet recovered.

The current CEFZ drawdown is -38.35%. The current FIAT drawdown is -48.94%.

Rank	CEFZ	FIAT
#1	-93.40% Feb 19, 2020 - Mar 18, 2020	-70.67% Sep 6, 2024 - Jul 18, 2025
#2	-3.84% Jan 22, 2020 - Feb 19, 2020	-15.42% Jul 11, 2024 - Aug 1, 2024
#3	-1.49% Nov 4, 2019 - Nov 29, 2019	-5.43% Aug 12, 2024 - Aug 28, 2024
#4	-1.11% Dec 26, 2019 - Jan 2, 2020	-0.64% Aug 7, 2024 - Aug 12, 2024
#5	-0.64% Nov 29, 2019 - Dec 9, 2019	N/A
#6	-0.56% Jan 17, 2020 - Jan 22, 2020	N/A
#7	-0.34% Oct 25, 2019 - Nov 1, 2019	N/A
#8	-0.17% Jan 2, 2020 - Jan 7, 2020	N/A
#9	-0.10% Dec 12, 2019 - Dec 16, 2019	N/A
#10	-0.07% Dec 20, 2019 - Dec 24, 2019	N/A