RiverNorth Patriot ETF (FLDZ) Performance
FLDZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.6% since Dec 31, 2025
- 1 year
- −12.3% total return
- 3 years
- +7.7% a year
- Since first price
- +1.7% a year since 2022
FLDZ trailing returns vs SPY, QQQ, AGG
| Period | FLDZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.4% | −8.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −15.1% | −15.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −16.0% | −16.0% | +7.8% | +8.4% | −1.5% |
| YTD | −11.6% | −11.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −12.3% | −13.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +25.0%+7.7%/yr | +20.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJan 3, 2022 | +8.2%+1.7%/yr | +2.4% | — | — | — |
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: FLDZ vs SPY
From Jan 3, 2022: FLDZ grew to $10,821, SPY to $16,950.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLDZ returns by calendar year
3 of 3 full years positive. Best 2024 (+16.0%), worst 2025 (+6.7%). 2026 is year to date.
FLDZ annual returns table
| Year | FLDZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.6% | −25.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.7% | −15.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.0% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.2% | −12.1% | +26.2% | +54.9% | +5.7% |
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.
FLDZ largest drawdowns
Now 25.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 14, 2026 | −25.1% | Oct 23, 2026 | not yet | 2 months | 2 months so far |
| Jan 4, 2022 | −19.5% | Jun 16, 2022 | Feb 22, 2024 | 5 months | 2.1 years |
| Nov 29, 2024 | −17.4% | Apr 8, 2025 | Sep 11, 2025 | 4 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLDZ risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +9.5% | +4.9% |
| Volatility (annualized) | 14.3% | 16.3% |
| Sharpe ratio | 0.40 | 0.14 |
| Sortino ratio | 0.62 | 0.20 |
| Best month | +8.9% | +9.3% |
| Worst month | −8.0% | −9.9% |
| Best 12 months | +34.2% | +34.2% |
| Worst 12 months | −5.4% | −9.4% |
| Positive months | 56% | 54% |
| Beta vs S&P 500 | 0.80 | — |
| Correlation with S&P 500 | 0.69 | — |
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.
FLDZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 46 | −10.4% | +8.2% | +34.2% | 78% |
| 3-year (a year) | 22 | +5.8% | +10.2% | +14.4% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
FLDZ performance overview
RiverNorth Patriot ETF (FLDZ) returned −12.3% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +1.7% a year, turning $10,000 into about $10,821. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.1%, from Aug 14, 2026 to Oct 23, 2026; the fund has not yet regained that high. FLDZ finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+16.0%) and the worst 2025 (+6.7%). Volatility has been 16.3% a year.
Related: FLDZ chart, FLDZ holdings, FLDZ dividends. See the FLDZ overview for the latest quote and fund facts.
FLDZ performance FAQ
What is the FLDZ return over the past year?
FLDZ returned −12.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 13.6%.
How much would $10,000 invested in FLDZ be worth?
$10,000 invested in FLDZ at its first recorded close on January 3, 2022 would be worth about $10,821 on October 23, 2026 with distributions reinvested.
What was the worst year for FLDZ?
The worst calendar year was 2025, with a total return of +6.7%. The best was 2024 at +16.0%.
What is the biggest drawdown of FLDZ?
The largest peak-to-trough decline was −25.1% between August 14, 2026 and October 23, 2026. It has not yet recovered to that high; it is 25.1% below its peak.
How volatile is FLDZ?
Over the past 3 years FLDZ had an annualized volatility of 14.3% and a Sharpe ratio of 0.40 (excess return over 1–3 month T-bills per unit of risk).