RFEM vs CEV

Comparison between FIRST TRUST RIVERFRONT DYNAMIC EMERGING MARKETS ETF (RFEM, ETF) and Eaton Vance California Municipal Income Trust (CEV, ETF).

5-Year PerformanceRFEM has outperformed CEV, delivering a return of +7.9% compared to -0.7%

RFEM vs CEV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RFEM(ETF)	CEV(ETF)
Net Assets	$78M	$78M
Expense Ratio	0.99%	N/A
Max Drawdown	45.64%	61.83%
Sharpe Ratio	1.69	0.94
5Y Beta	0.76	0.13
5Y Dividends CAGR	12.60%	1.20%

Net Assets

RFEM

$78M

Winner

CEV

$78M

Expense Ratio

RFEM

0.99%

CEV

N/A

Max Drawdown

Winner

RFEM

45.64%

CEV

61.83%

Sharpe Ratio

Winner

RFEM

1.69

CEV

0.94

5Y Beta

RFEM

0.76

Winner

CEV

0.13

5Y Dividends CAGR

Winner

RFEM

12.60%

CEV

1.20%

RFEM vs CEV - Historical Returns

Returns include dividend reinvestment.

Period	RFEM	CEV
1 month	-2.18%	+0.29%
3 months	+9.85%	-1.81%
6 months	+16.67%	+1.21%
1 year	+36.80%	+12.83%
5 years(CAGR)	+7.88%	-0.67%
10 years(CAGR)	+9.71%	+1.50%
Max(CAGR)	+9.71%	+5.06%

RFEM

-2.18%

Winner

CEV

+0.29%

Winner

RFEM

+9.85%

CEV

-1.81%

Winner

RFEM

+16.67%

CEV

+1.21%

Winner

RFEM

+36.80%

CEV

+12.83%

5Y(CAGR)

Winner

RFEM

+7.88%

CEV

-0.67%

10Y(CAGR)

Winner

RFEM

+9.71%

CEV

+1.50%

Max(CAGR)

Winner

RFEM

+9.71%

CEV

+5.06%

RFEM vs CEV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	RFEM	CEV
2026	+13.73%	+4.27%
2025	+27.41%	+5.19%
2024	+12.03%	+1.93%
2023	+21.35%	+8.06%
2022	-19.44%	-24.31%
2021	+0.45%	+2.98%
2020	+6.01%	+6.21%
2019	+20.05%	+25.02%
2018	-20.67%	-4.89%
2017	+34.51%	+2.64%
2016	+8.60%	-3.39%
2015	N/A	+7.78%
2014	N/A	+22.63%
2013	N/A	-17.98%
2012	N/A	+16.53%
2011	N/A	+23.43%
2010	N/A	+4.71%
2009	N/A	+60.06%
2008	N/A	-39.27%
2007	N/A	-7.13%
2006	N/A	+12.80%
2005	N/A	-2.30%
2004	N/A	+7.28%
2003	N/A	+15.22%
2002	N/A	+5.14%
2001	N/A	+21.58%
2000	N/A	+13.59%
1999	N/A	-7.78%

RFEM vs CEV Drawdown Comparison

The maximum drawdown for RFEM was -42.20%, occurring on Mar 23, 2020. Recovery took 747 trading sessions.

The maximum drawdown for CEV was -58.45%, occurring on Dec 16, 2008. Recovery took 764 trading sessions.

The current RFEM drawdown is -6.27%. The current CEV drawdown is -10.03%.

Rank	RFEM	CEV
#1	-42.20% Jan 26, 2018 - Jan 14, 2021	-58.45% May 21, 2007 - Jun 2, 2010
#2	-35.99% Feb 17, 2021 - Jul 5, 2024	-32.99% Nov 12, 2021 - Oct 31, 2022
#3	-15.81% Sep 26, 2024 - May 19, 2025	-26.49% Feb 12, 2013 - Jan 29, 2015
#4	-11.65% Feb 25, 2026 - Apr 17, 2026	-25.93% Feb 19, 2020 - Jul 31, 2020
#5	-10.45% Jul 12, 2024 - Sep 24, 2024	-19.14% Apr 6, 2016 - Aug 2, 2019
#6	-9.08% Sep 22, 2016 - Jan 25, 2017	-18.74% Sep 7, 2010 - Aug 22, 2011
#7	-6.53% Jun 23, 2016 - Jul 13, 2016	-14.62% Nov 9, 1999 - Apr 12, 2000
#8	-6.35% May 11, 2026 - May 26, 2026	-14.25% Apr 13, 2000 - Aug 21, 2000
#9	-6.27% Jun 2, 2026 - Jun 5, 2026	-13.63% Mar 17, 2004 - Sep 14, 2004
#10	-5.18% Jan 21, 2021 - Feb 5, 2021	-12.41% Jul 2, 2003 - Dec 19, 2003
#11	-4.83% Sep 6, 2016 - Sep 22, 2016	-11.73% Oct 8, 2002 - May 14, 2003
#12	-4.56% Mar 20, 2017 - May 9, 2017	-11.55% Feb 14, 2005 - Mar 1, 2006
#13	-4.27% Oct 6, 2025 - Oct 20, 2025	-11.18% May 11, 2006 - Dec 1, 2006
#14	-4.12% Nov 22, 2017 - Dec 29, 2017	-10.25% Nov 12, 2001 - Feb 6, 2002
#15	-3.68% Jul 23, 2025 - Aug 13, 2025	-9.96% Feb 7, 2001 - Aug 1, 2001

Correlation

Correlation between RFEM and CEV is 0.50 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.50

-101

Dividend Comparison (1999 - 2026)

RFEM vs CEV dividend yield comparison.

Year	RFEM	CEV
2026	0.05%	2.44%
2025	1.98%	5.98%
2024	3.64%	5.58%
2023	3.28%	4.14%
2022	7.74%	5.24%
2021	3.21%	4.17%
2020	1.22%	4.00%
2019	3.75%	3.95%
2018	2.37%	4.25%
2017	1.62%	4.01%
2016	3.73%	4.81%
2015	0.00%	5.46%
2014	0.00%	5.75%
2013	0.00%	7.07%
2012	0.00%	5.84%
2011	0.00%	6.78%
2010	0.00%	7.57%
2009	0.00%	6.69%
2008	0.00%	8.81%
2007	0.00%	5.06%
2006	0.00%	4.87%
2005	0.00%	6.29%
2004	0.00%	6.81%
2003	0.00%	6.34%
2002	0.00%	6.71%
2001	0.00%	5.33%
2000	0.00%	5.99%
1999	0.00%	1.16%