CEFZ vs FXED

Comparison between RIVERNORTH ACTIVE INCOME ETF (CEFZ, ETF) and SOUND ENHANCED FIXED INCOME ETF (FXED, ETF).

5-Year PerformanceCEFZ has outperformed FXED, delivering a return of +15.4% compared to +2.4%

CEFZ vs FXED - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEFZ(ETF)	FXED(ETF)
Net Assets	$40M	$40M
Expense Ratio	3.36%	1.89%
Max Drawdown	93.56%	23.66%
Sharpe Ratio	0.80	0.20
5Y Beta	0.63	0.28
5Y Dividends CAGR	N/A	44.53%

Net Assets

CEFZ

$40M

Winner

FXED

$40M

Expense Ratio

CEFZ

3.36%

Winner

FXED

1.89%

Max Drawdown

CEFZ

93.56%

Winner

FXED

23.66%

Sharpe Ratio

Winner

CEFZ

0.80

FXED

0.20

5Y Beta

CEFZ

0.63

Winner

FXED

0.28

5Y Dividends CAGR

CEFZ

N/A

FXED

44.53%

CEFZ vs FXED - Historical Returns

Returns include dividend reinvestment.

Period	CEFZ	FXED
1 month	-0.57%	-0.64%
3 months	+5.60%	+2.08%
6 months	+4.93%	+0.53%
1 year	+12.27%	+4.71%
5 years(CAGR)	+15.44%	+2.40%
Max(CAGR)	-5.56%	+3.44%

Winner

CEFZ

-0.57%

FXED

-0.64%

Winner

CEFZ

+5.60%

FXED

+2.08%

Winner

CEFZ

+4.93%

FXED

+0.53%

Winner

CEFZ

+12.27%

FXED

+4.71%

5Y(CAGR)

Winner

CEFZ

+15.44%

FXED

+2.40%

Max(CAGR)

CEFZ

-5.56%

Winner

FXED

+3.44%

CEFZ vs FXED - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	CEFZ	FXED
2026	+4.07%	+0.25%
2025	+7.67%	+4.84%
2024	N/A	+5.89%
2023	N/A	+15.56%
2022	N/A	-14.46%
2021	N/A	+10.72%
2020	-73.60%	+0.00%
2019	+5.16%	N/A

CEFZ vs FXED 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 FXED was -19.70%, occurring on Oct 13, 2022. Recovery took 561 trading sessions.

The current CEFZ drawdown is -38.15%. The current FXED drawdown is -1.60%.

Rank	CEFZ	FXED
#1	-93.40% Feb 19, 2020 - Mar 18, 2020	-19.70% Dec 31, 2021 - Mar 27, 2024
#2	-3.84% Jan 22, 2020 - Feb 19, 2020	-8.96% Oct 17, 2024 - Jul 22, 2025
#3	-1.49% Nov 4, 2019 - Nov 29, 2019	-5.37% Sep 15, 2025 - Mar 27, 2026
#4	-1.11% Dec 26, 2019 - Jan 2, 2020	-3.96% Mar 28, 2024 - Jul 3, 2024
#5	-0.64% Nov 29, 2019 - Dec 9, 2019	-3.30% Jul 17, 2024 - Aug 19, 2024
#6	-0.56% Jan 17, 2020 - Jan 22, 2020	-2.86% Nov 5, 2021 - Dec 31, 2021
#7	-0.34% Oct 25, 2019 - Nov 1, 2019	-2.63% May 7, 2021 - Jun 1, 2021
#8	-0.17% Jan 2, 2020 - Jan 7, 2020	-2.16% Dec 31, 2020 - Feb 8, 2021
#9	-0.10% Dec 12, 2019 - Dec 16, 2019	-1.68% Jul 12, 2021 - Sep 3, 2021
#10	-0.07% Dec 20, 2019 - Dec 24, 2019	-1.48% Feb 11, 2021 - Mar 3, 2021
#11	N/A	-1.38% Mar 15, 2021 - Apr 1, 2021
#12	N/A	-1.31% Sep 3, 2021 - Oct 14, 2021
#13	N/A	-1.23% Sep 27, 2024 - Oct 16, 2024
#14	N/A	-1.02% Jun 14, 2021 - Jul 1, 2021
#15	N/A	-0.99% Jul 8, 2024 - Jul 11, 2024