BMVP vs. FLDZ

Last updated Aug 6, 2026

BMVP (Invesco Bloomberg MVP Multi-factor ETF) and FLDZ (RiverNorth Patriot ETF) are both Mid Cap Blend Equities funds. BMVP is passively managed, while FLDZ is actively managed. Over the past 3 years, BMVP returned 13.68%/yr vs 12.78%/yr for FLDZ. Their correlation of 0.85 means they have usually moved in the same direction. BMVP charges 0.29%/yr vs 0.77%/yr for FLDZ.

Performance

BMVP vs. FLDZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg MVP Multi-factor ETF (BMVP) and RiverNorth Patriot ETF (FLDZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMVP achieves a 11.70% return, which is significantly higher than FLDZ's 10.92% return.

BMVP

• 1D: -0.45%
• 1M: 4.17%
• 6M: 4.62%
• YTD: 11.70%
• 1Y: 14.21%
• 3Y*: 13.68%
• 5Y*: 7.33%
• 10Y*: 9.65%
• ALL TIME*: 3.00%

FLDZ

• 1D: -0.22%
• 1M: 2.30%
• 6M: 7.86%
• YTD: 10.92%
• 1Y: 12.44%
• 3Y*: 12.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BMVP Invesco Bloomberg MVP Multi-factor ETF	$45.66K	$65.59K	$59.39K
FLDZ RiverNorth Patriot ETF	$111.45K	$51.43K	$19.36K

BMVP vs. FLDZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BMVP Invesco Bloomberg MVP Multi-factor ETF	11.70%	6.15%	17.46%	19.03%	-16.01%
FLDZ RiverNorth Patriot ETF	10.92%	6.66%	15.99%	12.15%	-12.07%

Correlation

The correlation between BMVP and FLDZ is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (All Time) Calculated using the full available price history since Jan 3, 2022	0.85

The correlation between BMVP and FLDZ shifts across timeframes, from 0.67 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

BMVP vs. FLDZ - Sectors Allocation Comparison

Sectors	BMVP	FLDZ
Industrials	17.3%	12.3%
Financial Services	16.9%	15.5%
Technology	16.4%	3.4%
Consumer Cyclical	11.1%	14.6%
Healthcare	9.8%	13.2%
Communication Services	6.6%	4.2%
Real Estate	5.4%	8.7%
Utilities	5.4%	11.6%
Energy	4.9%	10.3%
Consumer Defensive	4.8%	4.7%
Basic Materials	1.5%	1.5%

Return for Risk

BMVP vs. FLDZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BMVP

BMVP Risk / Return Rank: 51
BMVP Sharpe Ratio Rank: 51
BMVP Sortino Ratio Rank: 54
BMVP Omega Ratio Rank: 48
BMVP Calmar Ratio Rank: 54
BMVP Martin Ratio Rank: 50

FLDZ

FLDZ Risk / Return Rank: 35
FLDZ Sharpe Ratio Rank: 31
FLDZ Sortino Ratio Rank: 31
FLDZ Omega Ratio Rank: 32
FLDZ Calmar Ratio Rank: 40
FLDZ Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BMVP vs. FLDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg MVP Multi-factor ETF (BMVP) and RiverNorth Patriot ETF (FLDZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BMVP	FLDZ	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.88	+0.55
Sortino ratio: Return per unit of downside risk	2.14	1.33	+0.81
Omega ratio: Gain probability vs. loss probability	1.25	1.17	+0.08
Calmar ratio: Return relative to maximum drawdown	2.21	1.61	+0.60
Martin ratio: Return relative to average drawdown	6.61	5.09	+1.52

BMVP vs. FLDZ - Sharpe Ratio Comparison

The current BMVP Sharpe Ratio is 1.43, which is higher than the FLDZ Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BMVP and FLDZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMVP vs. FLDZ - Drawdown Comparison

The maximum BMVP drawdown since its inception was -78.13%, which is greater than FLDZ's maximum drawdown of -19.54%. Use the drawdown chart below to compare losses from any high point for BMVP and FLDZ.

Drawdown Indicators

	BMVP	FLDZ	Difference
Max Drawdown Largest peak-to-trough decline	-78.13%	-19.54%	-58.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-7.78%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-17.43%	+2.31%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.45%	—	—
Current Drawdown Current decline from peak	-0.45%	-0.22%	-0.23%
Average Drawdown Average peak-to-trough decline	-35.95%	-5.84%	-30.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.45%	-0.29%

Volatility

BMVP vs. FLDZ - Volatility Comparison

The current volatility for Invesco Bloomberg MVP Multi-factor ETF (BMVP) is 3.48%, while RiverNorth Patriot ETF (FLDZ) has a volatility of 9.45%. This indicates that BMVP experiences smaller price fluctuations and is considered to be less risky than FLDZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMVP	FLDZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	9.45%	-5.97%
Volatility (6M) Calculated over the trailing 6-month period	7.40%	11.76%	-4.36%
Volatility (1Y) Calculated over the trailing 1-year period	9.98%	14.27%	-4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	17.19%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	17.19%	+1.55%

BMVP vs. FLDZ - Expense Ratio Comparison

BMVP has a 0.29% expense ratio, which is lower than FLDZ's 0.77% expense ratio.

Dividends

BMVP vs. FLDZ - Dividend Comparison

BMVP's dividend yield for the trailing twelve months is around 1.70%, more than FLDZ's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMVP Invesco Bloomberg MVP Multi-factor ETF	1.70%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%
FLDZ RiverNorth Patriot ETF	1.39%	1.54%	1.17%	1.39%	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BMVP and FLDZ in my portfolio?

BMVP and FLDZ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMVP or FLDZ?

FLDZ has higher volatility (9.45%) compared to BMVP (3.48%). In terms of maximum drawdown, BMVP dropped -78.13% vs FLDZ's -19.54%.

Which ETF is better, BMVP or FLDZ?

On 3-year performance, BMVP leads with 13.68% vs 12.78% for FLDZ. On fees, BMVP is cheaper at 0.29% per year. On volatility, BMVP has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BMVP or FLDZ?

Over the 3-year period, BMVP has performed better with a 13.68% return vs 12.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BMVP or FLDZ?

BMVP is cheaper with a 0.29% expense ratio, compared with 0.77% for FLDZ.

Which ETF pays a higher dividend yield, BMVP or FLDZ?

BMVP has the higher dividend yield at 1.70%, compared with 1.39% for FLDZ.

What is the main difference between BMVP and FLDZ?

They also come from different issuers: Invesco and RiverNorth. Their fees differ too: 0.29% for BMVP and 0.77% for FLDZ.

Which has better risk-adjusted returns?

BMVP currently has the higher Sharpe Ratio (1.43 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.