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 Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | RIV vs GIPIX | |
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | RIV vs GOIIX | |
| 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 24. There are 69 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 93 | — | Oct 2009 | RIV vs ASTIX | |
| Hussman Strategic Total Return Fund | 92 | — | Sep 2002 | RIV vs HSTRX | |
| Donoghue Forlines Momentum Fund | 92 | — | Dec 2016 | RIV vs MOJOX | |
| Donoghue Forlines Tactical Allocation Fund | 91 | — | Apr 2018 | RIV vs GTAIX | |
| AQR Diversifying Strategies Fund Class N | 91 | — | Jun 2020 | RIV vs QDSNX |
Top Performing RIV Alternatives (YTD)
RIV is at 6.42% YTD. There are 53 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 50.00%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 50.00% | — | Sep 2019 | RIV vs QEVOX | |
| Donoghue Forlines Momentum Fund | 40.75% | — | Dec 2016 | RIV vs MOJOX | |
| Teberg Fund | 27.65% | — | Mar 2002 | RIV vs TEBRX | |
| Quantified STF Fund | 25.79% | — | Nov 2015 | RIV vs QSTFX | |
| Potomac Defensive Bull Fund | 22.18% | — | Jun 2020 | RIV vs CRDBX |
Lowest Volatility Alternatives to RIV
RIV has 10.37% 1-year volatility. There are 45 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... | 2.71% | — | Apr 2012 | RIV vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.82% | — | Jul 2014 | RIV vs TTIFX | |
| Hussman Strategic Total Return Fund | 4.65% | — | Sep 2002 | RIV vs HSTRX | |
| Hundredfold Select Alternative Fund | 4.73% | — | Aug 2004 | RIV vs SFHYX |
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 | |
| 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 | |
| Astor Dynamic Allocation Fund | -2.77% | — | Oct 2009 | RIV vs ASTIX |
Other Mutual Funds from RiverNorth
The 5 most viewed RiverNorth mutual funds shown here include RFM, RMI, RSF and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverNorth Flexible Municipal Income Fund | High Yield Muni | 56 | 10.70% | — | — | RIV vs RFM | |
| RiverNorth Opportunistic Municipal Income Fund | Municipal Bonds | 50 | 13.39% | — | — | RIV vs RMI | |
| RiverNorth Capital and Income Fund | High Yield Bonds | 57 | 7.57% | — | — | RIV vs RSF | |
| RiverNorth Flexible Municipal Income Fund II Inc. | Municipal Bonds | 70 | 11.28% | — | — | RIV vs RFMZ | |
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 48 | 6.45% | — | — | RIV vs RMMZ |
Often Compared With RIV
Investors most often compare RIV with ABRYX, ABRZX, PDX. These 12 comparison targets span 2 categories, based on PortfoliosLab usage data.
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