RiverNorth Active Income ETF (CEFZ) Performance
CEFZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.4% since Dec 31, 2025
- 1 year
- +4.8% total return
- Since first price
- +10.3% since 2025
CEFZ trailing returns vs AGG, TLT, SPY
| Period | CEFZ total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −2.2% | −3.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.8% | −4.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.4% | −5.2% | −1.5% | −3.8% | +7.8% |
| YTD | +2.4% | −5.0% | −1.0% | −3.4% | +12.3% |
| 1 year | +4.8% | −5.2% | −1.1% | −6.9% | +14.4% |
| Since inceptionAug 4, 2025 | +10.3% | −1.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CEFZ vs AGG
From Aug 4, 2025: CEFZ grew to $11,027, AGG to $10,134.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CEFZ returns by calendar year
2026 is year to date.
CEFZ annual returns table
| Year | CEFZ | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.4% | −6.7% | −1.0% | −3.4% | +12.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CEFZ largest drawdowns
Now 5.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 10, 2026 | −6.7% | Mar 30, 2026 | Apr 15, 2026 | 48 days | 2 months |
| Aug 14, 2026 | −6.3% | Oct 19, 2026 | not yet | 2 months | 2 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
CEFZ risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +7.8% |
| Volatility (annualized) | 9.6% |
| Sharpe ratio | 0.45 |
| Sortino ratio | 0.76 |
| Best month | +6.3% |
| Worst month | −3.7% |
| Best 12 months | +12.7% |
| Worst 12 months | +6.2% |
| Positive months | 54% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CEFZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 3 | +4.3% | +6.2% | +12.7% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CEFZ performance overview
RiverNorth Active Income ETF (CEFZ) returned +4.8% over the past year, with distributions reinvested. Since its first recorded price on Aug 4, 2025 it has returned +10.3%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −6.7%, from Feb 10, 2026 to Mar 30, 2026, and it took 16 days to get back to the old high. Volatility has been 9.6% a year.
Related: CEFZ chart, CEFZ holdings, CEFZ dividends, CEFZ bond profile. See the CEFZ overview for the latest quote and fund facts.
CEFZ performance FAQ
What is the CEFZ return over the past year?
CEFZ returned +4.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.2%.
How much would $10,000 invested in CEFZ be worth?
$10,000 invested in CEFZ at its first recorded close on August 4, 2025 would be worth about $11,027 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CEFZ?
The largest peak-to-trough decline was −6.7% between February 10, 2026 and March 30, 2026. It recovered to the old high on April 15, 2026, 16 days after the bottom.
How volatile is CEFZ?
Over the past history CEFZ had an annualized volatility of 9.6% and a Sharpe ratio of 0.45 (excess return over 1–3 month T-bills per unit of risk).