RiverNorth Opportunities Fund (RIV) belongs to the Tactical Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RIV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RIV
RIV charges 2.07% annually. There are 72 mutual funds in the Tactical Allocation category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | RIV vs GOIIX | |
| Goldman Sachs Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | RIV vs GIPIX | |
| PIMCO All Asset All Authority Fund | 0.21% | — | Oct 2003 | RIV vs PAUIX | |
| Columbia Thermostat Fund | 0.24% | — | Sep 2002 | RIV vs COTZX | |
| GuidePath Flexible Income Allocation Fund | 0.50% | — | Aug 2012 | RIV vs GPIFX |
Best Risk-Adjusted Alternatives to RIV
RIV has a PortfoliosLab risk / return rank of 20. There are 72 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 94 | — | Oct 2009 | RIV vs ASTIX | |
| Potomac Defensive Bull Fund | 93 | — | Jun 2020 | RIV vs CRDBX | |
| Teberg Fund | 92 | — | Mar 2002 | RIV vs TEBRX | |
| Donoghue Forlines Tactical Allocation Fund | 92 | — | Apr 2018 | RIV vs GTAIX | |
| Donoghue Forlines Momentum Fund | 92 | — | Dec 2016 | RIV vs MOJOX |
Top Performing RIV Alternatives (YTD)
RIV is at 4.32% YTD. There are 63 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 52.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 52.24% | — | Sep 2019 | RIV vs QEVOX | |
| Donoghue Forlines Momentum Fund | 43.41% | — | Dec 2016 | RIV vs MOJOX | |
| Teberg Fund | 32.96% | — | Mar 2002 | RIV vs TEBRX | |
| Quantified STF Fund | 25.73% | — | Nov 2015 | RIV vs QSTFX | |
| Quantified Market Leaders Fund | 21.38% | — | Aug 2013 | RIV vs QMLFX |
Lowest Volatility Alternatives to RIV
RIV has 10.29% 1-year volatility. There are 46 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.50% | — | Aug 2012 | RIV vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.68% | — | Apr 2012 | RIV vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.78% | — | Jul 2014 | RIV vs TTIFX | |
| Hundredfold Select Alternative Fund | 4.74% | — | Aug 2004 | RIV vs SFHYX | |
| Hundredfold Select Alternative Fund Investor Class | 4.75% | — | — | RIV vs HFSAX |
Lowest Drawdown Alternatives to RIV
RIV has a 1-year max drawdown of -7.64%. There are 50 mutual funds in the Tactical Allocation category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | -1.69% | — | Aug 2012 | RIV vs GPIFX | |
| AQR Diversifying Strategies Fund Class N | -1.97% | — | Jun 2020 | RIV vs QDSNX | |
| Goldman Sachs TacticalTiltOverlayFund | -2.11% | — | Jul 2014 | RIV vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -2.34% | — | Apr 2012 | RIV vs SIOAX | |
| Hussman Strategic Total Return Fund | -2.42% | — | Sep 2002 | RIV vs HSTRX |
Other Mutual Funds from RiverNorth
The 5 most viewed RiverNorth mutual funds shown here include RFM, RSF, RMI and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverNorth Flexible Municipal Income Fund | High Yield Muni | 33 | 8.51% | — | — | RIV vs RFM | |
| RiverNorth Capital and Income Fund | High Yield Bonds | 41 | 7.24% | — | — | RIV vs RSF | |
| RiverNorth Opportunistic Municipal Income Fund | Municipal Bonds | 27 | 11.00% | — | — | RIV vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | Municipal Bonds | 49 | 10.29% | — | — | RIV vs RFMZ | |
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 37 | 6.31% | — | — | RIV vs RMMZ |
Often Compared With RIV
Investors most often compare RIV with ABRYX, ABRZX, PDX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Balanced-Risk Allocation Fund | Tactical Allocation | 89 | 17.84% | — | Jun 2009 | RIV vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | Tactical Allocation | 88 | 17.65% | — | Jun 2009 | RIV vs ABRZX | |
| PIMCO Dynamic Income Strategy Fund | Tactical Allocation | 5 | 15.50% | — | Feb 2019 | RIV vs PDX | |
| Upright Assets Allocation Plus Fund | Tactical Allocation | — | — | — | Oct 2017 | RIV vs UPAAX | |
| PIMCO All Asset Fund | Tactical Allocation | 89 | 8.69% | — | Nov 2002 | RIV vs PAAIX | |
| PIMCO All Asset Fund Class A | Tactical Allocation | 88 | 8.43% | — | Apr 2008 | RIV vs PASAX | |
| BlackRock Tactical Opportunities Fund Institutiona... | Tactical Allocation | 81 | 9.80% | — | Jun 1993 | RIV vs PBAIX | |
| RESQ Dynamic Allocation Fund | Tactical Allocation | 91 | 8.93% | — | Dec 2013 | RIV vs RQEIX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 7 | -3.70% | — | Oct 2004 | RIV vs PFN |
Compare RIV with Any Fund or Stock
Compare RIV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RIV with funds that move differently
RiverNorth Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RIV.
Explore RIV Diversifiers