FLDZ vs. IWS
Compare and contrast key facts about RiverNorth Patriot ETF (FLDZ) and iShares Russell Mid-Cap Value ETF (IWS).
FLDZ and IWS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLDZ is an actively managed fund by RiverNorth. It was launched on Feb 28, 2022. IWS is a passively managed fund by iShares that tracks the performance of the Russell Midcap Value Index. It was launched on Jul 17, 2001.
Performance
FLDZ vs. IWS - Performance Comparison
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FLDZ vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLDZ RiverNorth Patriot ETF | 0.04% | 6.66% | 15.99% | 12.15% | -11.99% |
IWS iShares Russell Mid-Cap Value ETF | 3.65% | 10.82% | 12.91% | 12.52% | -12.27% |
Returns By Period
In the year-to-date period, FLDZ achieves a 0.04% return, which is significantly lower than IWS's 3.65% return.
FLDZ
- 1D
- 1.65%
- 1M
- -4.25%
- YTD
- 0.04%
- 6M
- -1.20%
- 1Y
- 6.36%
- 3Y*
- 11.59%
- 5Y*
- —
- 10Y*
- —
IWS
- 1D
- 2.43%
- 1M
- -5.01%
- YTD
- 3.65%
- 6M
- 5.15%
- 1Y
- 17.51%
- 3Y*
- 12.94%
- 5Y*
- 7.47%
- 10Y*
- 9.51%
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FLDZ vs. IWS - Expense Ratio Comparison
FLDZ has a 0.77% expense ratio, which is higher than IWS's 0.23% expense ratio.
Return for Risk
FLDZ vs. IWS — Risk / Return Rank
FLDZ
IWS
FLDZ vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Patriot ETF (FLDZ) and iShares Russell Mid-Cap Value ETF (IWS). 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.
| FLDZ | IWS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | 0.96 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.44 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.37 | -0.73 |
Martin ratioReturn relative to average drawdown | 2.79 | 6.34 | -3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLDZ | IWS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.96 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.40 | -0.12 |
Correlation
The correlation between FLDZ and IWS is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLDZ vs. IWS - Dividend Comparison
FLDZ's dividend yield for the trailing twelve months is around 1.54%, more than IWS's 1.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDZ RiverNorth Patriot ETF | 1.54% | 1.54% | 1.17% | 1.39% | 1.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWS iShares Russell Mid-Cap Value ETF | 1.48% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Drawdowns
FLDZ vs. IWS - Drawdown Comparison
The maximum FLDZ drawdown since its inception was -19.54%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for FLDZ and IWS.
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Drawdown Indicators
| FLDZ | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.54% | -62.40% | +42.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -13.33% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.83% | — |
Current DrawdownCurrent decline from peak | -4.70% | -5.29% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -8.07% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.89% | -0.19% |
Volatility
FLDZ vs. IWS - Volatility Comparison
The current volatility for RiverNorth Patriot ETF (FLDZ) is 3.99%, while iShares Russell Mid-Cap Value ETF (IWS) has a volatility of 5.38%. This indicates that FLDZ experiences smaller price fluctuations and is considered to be less risky than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLDZ | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 5.38% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 10.14% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 18.29% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 17.33% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 19.35% | -2.21% |