CEFZ vs. GDT

Last updated Jun 4, 2026

CEFZ (RiverNorth Active Income ETF) and GDT (WisdomTree Efficient TIPS Plus Gold Fund) are both Tactical Allocation funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. CEFZ charges 3.36%/yr vs 0.30%/yr for GDT.

Performance

CEFZ vs. GDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverNorth Active Income ETF (CEFZ) and WisdomTree Efficient TIPS Plus Gold Fund (GDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CEFZ

• 1D: -0.73%
• 1M: 0.70%
• YTD: 5.16%
• 6M: 5.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDT

• 1D: -0.85%
• 1M: -1.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEFZ vs. GDT - Yearly Performance Comparison

	2026 (YTD)
CEFZ RiverNorth Active Income ETF	2.53%
GDT WisdomTree Efficient TIPS Plus Gold Fund	-8.05%

Correlation

The correlation between CEFZ and GDT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.38

Return for Risk

CEFZ vs. GDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverNorth Active Income ETF (CEFZ) and WisdomTree Efficient TIPS Plus Gold Fund (GDT). 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.

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

Sharpe Ratios by Period

	CEFZ	GDT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	-0.63	+2.18

Drawdowns

CEFZ vs. GDT - Drawdown Comparison

The maximum CEFZ drawdown since its inception was -6.66%, smaller than the maximum GDT drawdown of -18.06%. Use the drawdown chart below to compare losses from any high point for CEFZ and GDT.

Drawdown Indicators

	CEFZ	GDT	Difference
Max Drawdown Largest peak-to-trough decline	-6.66%	-18.06%	+11.40%
Current Drawdown Current decline from peak	-0.73%	-16.07%	+15.34%
Average Drawdown Average peak-to-trough decline	-1.20%	-9.90%	+8.70%

Volatility

Volatility by Period

	CEFZ	GDT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	33.36%	-22.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.39%	33.36%	-22.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	33.36%	-22.97%

CEFZ vs. GDT - Expense Ratio Comparison

CEFZ has a 3.36% expense ratio, which is higher than GDT's 0.30% expense ratio.

Dividends

CEFZ vs. GDT - Dividend Comparison

CEFZ's dividend yield for the trailing twelve months is around 8.27%, more than GDT's 1.77% yield.

Position	TTM	2025
CEFZ RiverNorth Active Income ETF	8.27%	4.17%
GDT WisdomTree Efficient TIPS Plus Gold Fund	1.77%	0.00%

Frequently Asked Questions

Can I hold both CEFZ and GDT in my portfolio?

CEFZ and GDT have a correlation of 0.38, 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 GDT?

On fees, GDT is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEFZ or GDT?

GDT is cheaper with a 0.30% expense ratio, compared with 3.36% for CEFZ.

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

CEFZ has the higher dividend yield at 8.27%, compared with 1.77% for GDT.

What is the main difference between CEFZ and GDT?

They also come from different issuers: RiverNorth and WisdomTree. Their fees differ too: 3.36% for CEFZ and 0.30% for GDT.