CEFZ vs. LOTI

Last updated Jun 25, 2026

CEFZ (RiverNorth Active Income ETF) and LOTI (Liberty One Tactical Income ETF) are both Tactical Allocation funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. CEFZ charges 3.36%/yr vs 1.01%/yr for LOTI.

Performance

CEFZ vs. LOTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverNorth Active Income ETF (CEFZ) and Liberty One Tactical Income ETF (LOTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEFZ achieves a 3.47% return, which is significantly lower than LOTI's 3.89% return.

CEFZ

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

LOTI

• 1D: 0.52%
• 1M: 0.26%
• YTD: 3.89%
• 6M: 3.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEFZ vs. LOTI - Yearly Performance Comparison

	2026 (YTD)	2025
CEFZ RiverNorth Active Income ETF	3.47%	1.42%
LOTI Liberty One Tactical Income ETF	3.89%	1.06%

Correlation

The correlation between CEFZ and LOTI is 0.15, 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 Sep 30, 2025	0.15

Return for Risk

CEFZ vs. LOTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverNorth Active Income ETF (CEFZ) and Liberty One Tactical Income ETF (LOTI). 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. LOTI - Drawdown Comparison

The maximum CEFZ drawdown since its inception was -6.66%, which is greater than LOTI's maximum drawdown of -4.42%. Use the drawdown chart below to compare losses from any high point for CEFZ and LOTI.

Drawdown Indicators

	CEFZ	LOTI	Difference
Max Drawdown Largest peak-to-trough decline	-6.66%	-4.42%	-2.24%
Current Drawdown Current decline from peak	-2.33%	-1.34%	-0.99%
Average Drawdown Average peak-to-trough decline	-1.21%	-1.36%	+0.15%

Volatility

Volatility by Period

	CEFZ	LOTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	5.76%	+4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.43%	5.76%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.43%	5.76%	+4.67%

CEFZ vs. LOTI - Expense Ratio Comparison

CEFZ has a 3.36% expense ratio, which is higher than LOTI's 1.01% expense ratio.

Dividends

CEFZ vs. LOTI - Dividend Comparison

CEFZ's dividend yield for the trailing twelve months is around 8.41%, more than LOTI's 1.60% yield.

Position	TTM	2025
CEFZ RiverNorth Active Income ETF	8.41%	4.17%
LOTI Liberty One Tactical Income ETF	1.60%	0.45%

Frequently Asked Questions

Can I hold both CEFZ and LOTI in my portfolio?

CEFZ and LOTI have a correlation of 0.15, 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 LOTI?

On fees, LOTI is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEFZ or LOTI?

LOTI is cheaper with a 1.01% expense ratio, compared with 3.36% for CEFZ.

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

CEFZ has the higher dividend yield at 8.41%, compared with 1.60% for LOTI.

What is the main difference between CEFZ and LOTI?

They also come from different issuers: RiverNorth and Liberty One. Their fees differ too: 3.36% for CEFZ and 1.01% for LOTI.