CEFZ vs. BPH

Last updated Jun 25, 2026

CEFZ (RiverNorth Active Income ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - CEFZ is a Tactical Allocation fund actively managed by RiverNorth, while BPH is a Energy Equities fund actively managed by Precidian. Both are actively managed. At a correlation of -0.16, they often move in opposite directions. CEFZ charges 3.36%/yr vs 0.19%/yr for BPH.

Performance

CEFZ vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverNorth Active Income ETF (CEFZ) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CEFZ

• 1D: -0.09%
• 1M: -1.09%
• YTD: 3.47%
• 6M: 3.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: -3.60%
• 1M: -8.93%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEFZ vs. BPH - Yearly Performance Comparison

	2026 (YTD)
CEFZ RiverNorth Active Income ETF	-1.09%
BPH BP p.l.c. ADRhedged ETF	-8.93%

Correlation

The correlation between CEFZ and BPH is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.16

Return for Risk

CEFZ vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverNorth Active Income ETF (CEFZ) and BP p.l.c. ADRhedged ETF (BPH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CEFZ vs. BPH - Drawdown Comparison

The maximum CEFZ drawdown since its inception was -6.66%, smaller than the maximum BPH drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for CEFZ and BPH.

Drawdown Indicators

	CEFZ	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-6.66%	-12.01%	+5.35%
Current Drawdown Current decline from peak	-2.33%	-12.01%	+9.68%
Average Drawdown Average peak-to-trough decline	-1.21%	-3.60%	+2.39%

Volatility

Volatility by Period

	CEFZ	BPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	26.17%	-15.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.43%	26.17%	-15.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.43%	26.17%	-15.74%

CEFZ vs. BPH - Expense Ratio Comparison

CEFZ has a 3.36% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

CEFZ vs. BPH - Dividend Comparison

CEFZ's dividend yield for the trailing twelve months is around 8.41%, more than BPH's 0.55% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.55%	0.00%
CEFZ RiverNorth Active Income ETF	8.41%	4.17%

Frequently Asked Questions

Can I hold both CEFZ and BPH in my portfolio?

CEFZ and BPH have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CEFZ or BPH?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEFZ or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 3.36% for CEFZ.

Which ETF pays a higher dividend yield, CEFZ or BPH?

CEFZ has the higher dividend yield at 8.41%, compared with 0.55% for BPH.

What is the main difference between CEFZ and BPH?

CEFZ is categorized as Tactical Allocation, while BPH is Energy Equities. They also come from different issuers: RiverNorth and Precidian. Their fees differ too: 3.36% for CEFZ and 0.19% for BPH.