RiverNorth Patriot ETF (FLDZ)
FLDZ is an actively managed ETF by RiverNorth. FLDZ launched on Feb 28, 2022 and has a 0.77% expense ratio.
ETF Info
| Issuer | RiverNorth |
|---|---|
| Inception Date | Feb 28, 2022 |
| Region | North America (U.S.) |
| Category | Mid Cap Blend Equities |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
FLDZ features an expense ratio of 0.77%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverNorth Patriot ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
RiverNorth Patriot ETF had a return of 13.88% year-to-date (YTD) and 20.90% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.88% | 17.95% |
| 1 month | 4.32% | 3.13% |
| 6 months | 8.68% | 9.95% |
| 1 year | 20.90% | 24.88% |
| 5 years (annualized) | N/A | 13.37% |
| 10 years (annualized) | N/A | 10.92% |
Monthly Returns
The table below presents the monthly returns of FLDZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.52% | 5.22% | 5.62% | -4.87% | 2.80% | -0.76% | 6.10% | 1.26% | 13.88% | ||||
| 2023 | 6.08% | -3.06% | -2.86% | 1.52% | -4.25% | 7.45% | 4.96% | -3.49% | -4.16% | -3.19% | 7.38% | 6.50% | 12.15% |
| 2022 | -6.06% | 1.38% | 2.18% | -6.25% | 1.46% | -9.87% | 9.34% | -0.56% | -8.64% | 8.58% | 3.70% | -5.41% | -11.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLDZ is 64, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RiverNorth Patriot ETF (FLDZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverNorth Patriot ETF granted a 1.22% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.33 |
Dividend yield | 1.22% | 1.39% | 1.52% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverNorth Patriot ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2022 | $0.33 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the RiverNorth Patriot ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RiverNorth Patriot ETF was 19.54%, occurring on Jun 16, 2022. Recovery took 422 trading sessions.
The current RiverNorth Patriot ETF drawdown is 0.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.54% | Jan 5, 2022 | 113 | Jun 16, 2022 | 422 | Feb 22, 2024 | 535 |
| -6.47% | Apr 1, 2024 | 14 | Apr 18, 2024 | 58 | Jul 12, 2024 | 72 |
| -5.81% | Aug 1, 2024 | 3 | Aug 5, 2024 | 14 | Aug 23, 2024 | 17 |
| -3.3% | Sep 3, 2024 | 4 | Sep 6, 2024 | — | — | — |
| -2.7% | Jul 17, 2024 | 6 | Jul 24, 2024 | 5 | Jul 31, 2024 | 11 |
Volatility
Volatility Chart
The current RiverNorth Patriot ETF volatility is 3.89%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.