FIAT vs CEFZ

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

FIAT vs CEFZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

FIAT

$39M

CEFZ

$39M

Expense Ratio

Winner

FIAT

1.05%

CEFZ

3.36%

Max Drawdown

Winner

FIAT

91.39%

CEFZ

93.56%

Sharpe Ratio

FIAT

0.28

Winner

CEFZ

0.80

5Y Beta

Winner

FIAT

-1.84

CEFZ

0.64

FIAT vs CEFZ - Historical Returns

Returns include dividend reinvestment.

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

Winner

FIAT

+20.49%

CEFZ

-0.65%

Winner

FIAT

+20.47%

CEFZ

+3.75%

Winner

FIAT

+37.27%

CEFZ

+3.99%

FIAT

+1.25%

Winner

CEFZ

+11.91%

5Y(CAGR)

FIAT

N/A

CEFZ

+15.43%

Max(CAGR)

FIAT

-20.95%

Winner

CEFZ

-5.62%

FIAT vs CEFZ - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

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

FIAT vs CEFZ Drawdown Comparison

The maximum drawdown for FIAT was -70.67%, occurring on Jul 18, 2025. This drawdown has not yet recovered.

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

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

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