- Issuer
- RiverNorth
- Inception Date
- Feb 28, 2022
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4M
Share Price Chart
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Performance
FLDZ Performance Chart
RiverNorth Patriot ETF (FLDZ) is up 4.3% since the beginning of the year. FLDZ is currently trading at $30 per share.
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Returns By Period
RiverNorth Patriot ETF (FLDZ) has returned 4.32% so far this year and 8.06% over the past 12 months.
RiverNorth Patriot ETF
- 1D
- -0.20%
- 1M
- -0.80%
- YTD
- 4.32%
- 6M
- 3.13%
- 1Y
- 8.06%
- 3Y*
- 13.19%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FLDZ Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2022, FLDZ's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 52% of months were positive and 48% were negative. The best month was Jul 2022 with a return of +9.3%, while the worst month was Jun 2022 at -9.9%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FLDZ closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +7.0%, while the worst single day was Apr 4, 2025 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.79% | 2.65% | -4.25% | 6.00% | -1.09% | -0.54% | 4.32% | ||||||
| 2025 | 4.90% | -1.97% | -2.44% | -2.03% | 4.01% | 2.76% | -0.10% | 2.56% | 0.35% | -2.65% | 2.98% | -1.48% | 6.66% |
| 2024 | -1.52% | 5.22% | 5.62% | -4.87% | 2.80% | -0.76% | 6.10% | 1.27% | 1.92% | -0.54% | 8.94% | -7.98% | 15.99% |
| 2023 | 6.07% | -3.06% | -2.86% | 1.52% | -4.24% | 7.45% | 4.96% | -3.49% | -4.16% | -3.19% | 7.38% | 6.50% | 12.15% |
| 2022 | -6.33% | 1.38% | 2.18% | -6.25% | 1.47% | -9.87% | 9.34% | -0.56% | -8.64% | 8.58% | 3.70% | -5.41% | -11.99% |
Benchmark Metrics
RiverNorth Patriot ETF has an annualized alpha of -2.92%, beta of 0.84, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since January 04, 2022.
- This ETF participated in 94.08% of S&P 500 Index downside but only 74.49% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.92% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.92%
- Beta
- 0.84
- R²
- 0.74
- Upside Capture
- 74.49%
- Downside Capture
- 94.08%
Expense Ratio
FLDZ has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLDZ ranks 24 for risk / return — below 24% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RiverNorth Patriot ETF (FLDZ) and compare them to S&P 500 Index.
| FLDZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.93 | -1.63 |
| Martin ratioReturn relative to average drawdown | 3.94 | 13.52 | -9.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
RiverNorth Patriot ETF provided a 1.48% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.45 | $0.45 | $0.32 | $0.33 | $0.33 |
Dividend yield | 1.48% | 1.54% | 1.17% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 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.
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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 1.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -19.54%Jun 2022 | 5mo 12d | 1y 8mo | 2y 1moJan 2022 - Feb 2024 |
2025 selloff2025 | -17.43%Apr 2025 | 4mo 7d | 5mo 6d | 9mo 13dDec 2024 - Sep 2025 |
2024 pullback2024 | -6.47%Apr 2024 | 17d | 2mo 25d | 3mo 12dApr 2024 - Jul 2024 |
2026 pullback2026 | -6.25%Mar 2026 | 1mo 1d | 18d | 1mo 19dFeb 2026 - Apr 2026 |
2025 pullback2025 | -6.22%Nov 2025 | 2mo 9d | 1mo 17d | 3mo 26dSep 2025 - Jan 2026 |
Drawdown Indicators
| FLDZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.54% | -56.78% | +37.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -9.10% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -18.90% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.72% | -0.74% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -10.72% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.97% | +0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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