RiverNorth Market Neutral ETF (RNMN) belongs to the Equity Market Neutral category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RNMN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RNMN
RNMN charges 0.90% annually. No ETFs in the Equity Market Neutral category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.95%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Equity Market Neutral ETF | 0.95% | 15.80M | Feb 2020 | RNMN vs NTRL | |
| FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi... | 1.25% | 6.60M | Feb 2026 | RNMN vs AINT | |
| AGF U.S. Market Neutral Anti-Beta Fund | 1.40% | 275.53M | Sep 2011 | RNMN vs BTAL | |
| Federated Hermes MDT Market Neutral ETF | 1.94% | 106.80M | Sep 2025 | RNMN vs MKTN |
Lowest Volatility Alternatives to RNMN
RNMN has 1.98% 1-year volatility. No ETFs in the Equity Market Neutral category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 6.63%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral ETF | 6.63% | 106.80M | Sep 2025 | RNMN vs MKTN | |
| First Trust Equity Market Neutral ETF | 11.96% | 15.80M | Feb 2020 | RNMN vs NTRL | |
| AGF U.S. Market Neutral Anti-Beta Fund | 23.65% | 275.53M | Sep 2011 | RNMN vs BTAL | |
| FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi... | 29.47% | 6.60M | Feb 2026 | RNMN vs AINT |
Other ETFs from RiverNorth
The 2 most viewed RiverNorth ETFs shown here include CEFZ, FLDZ and span 2 categories. AUM among these funds goes as high as $39M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverNorth Active Income ETF | Tactical Allocation | — | 3.55% | 39.18M | Aug 2025 | RNMN vs CEFZ | |
| RiverNorth Patriot ETF | Mid Cap Blend Equities | 12 | 0.22% | 3.92M | Feb 2022 | RNMN vs FLDZ |
Compare RNMN with Any Fund or Stock
Compare RNMN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RNMN with funds that move differently
RiverNorth Market Neutral ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RNMN.
Explore RNMN Diversifiers