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 71 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 22. There are 70 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RESQ Dynamic Allocation Fund | 95 | — | Dec 2013 | RIV vs RQEIX | |
| Invesco Balanced-Risk Allocation Fund | 95 | — | Jun 2009 | RIV vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 95 | — | Jun 2009 | RIV vs ABRZX | |
| Potomac Defensive Bull Fund | 94 | — | Jun 2020 | RIV vs CRDBX | |
| AQR Diversifying Strategies Fund Class N | 93 | — | Jun 2020 | RIV vs QDSNX |
Top Performing RIV Alternatives (YTD)
RIV is at 5.40% YTD. There are 59 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 54.73%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 54.73% | — | Sep 2019 | RIV vs QEVOX | |
| Donoghue Forlines Momentum Fund | 34.70% | — | Dec 2016 | RIV vs MOJOX | |
| Teberg Fund | 26.95% | — | Mar 2002 | RIV vs TEBRX | |
| Invesco Balanced-Risk Allocation Fund | 20.33% | — | Jun 2009 | RIV vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 20.22% | — | Jun 2009 | RIV vs ABRZX |
Lowest Volatility Alternatives to RIV
RIV has 10.03% 1-year volatility. There are 46 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.41%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.41% | — | Aug 2012 | RIV vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.59% | — | Apr 2012 | RIV vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.75% | — | Jul 2014 | RIV vs TTIFX | |
| Hundredfold Select Alternative Fund Investor Class | 4.54% | — | — | RIV vs HFSAX | |
| Hundredfold Select Alternative Fund | 4.54% | — | Aug 2004 | RIV vs SFHYX |
Lowest Drawdown Alternatives to RIV
RIV has a 1-year max drawdown of -7.64%. There are 51 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 | 22 | 7.67% | — | — | RIV vs RFM | |
| RiverNorth Capital and Income Fund | High Yield Bonds | 30 | 6.57% | — | — | RIV vs RSF | |
| RiverNorth Opportunistic Municipal Income Fund | Municipal Bonds | 19 | 10.14% | — | — | RIV vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | Municipal Bonds | 31 | 7.92% | — | — | RIV vs RFMZ | |
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 18 | 4.75% | — | — | RIV vs RMMZ |
Often Compared With RIV
Investors most often compare RIV with GTAIX, PDX, UPAAX. These 8 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Donoghue Forlines Tactical Allocation Fund | Tactical Allocation | 88 | 11.71% | — | Apr 2018 | RIV vs GTAIX | |
| PIMCO Dynamic Income Strategy Fund | Tactical Allocation | 14 | 19.22% | — | Feb 2019 | RIV vs PDX | |
| Upright Assets Allocation Plus Fund | Tactical Allocation | — | — | — | Oct 2017 | RIV vs UPAAX | |
| PIMCO All Asset Fund | Tactical Allocation | 90 | 8.89% | — | Nov 2002 | RIV vs PAAIX | |
| PIMCO All Asset Fund Class A | Tactical Allocation | 89 | 8.70% | — | Apr 2008 | RIV vs PASAX | |
| Astor Dynamic Allocation Fund | Tactical Allocation | 86 | 8.54% | — | Oct 2009 | RIV vs ASTIX | |
| BlackRock Tactical Opportunities Fund Institutiona... | Tactical Allocation | 76 | 10.25% | — | Jun 1993 | RIV vs PBAIX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 7 | -3.03% | — | 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