FLDZ vs. SPYI
Compare and contrast key facts about RiverNorth Patriot ETF (FLDZ) and NEOS S&P 500 High Income ETF (SPYI).
FLDZ and SPYI 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. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLDZ or SPYI.
Correlation
The correlation between FLDZ and SPYI is 0.74, 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.
Performance
FLDZ vs. SPYI - Performance Comparison
Key characteristics
FLDZ:
1.77
SPYI:
1.81
FLDZ:
2.52
SPYI:
2.40
FLDZ:
1.31
SPYI:
1.37
FLDZ:
2.70
SPYI:
2.72
FLDZ:
7.48
SPYI:
12.45
FLDZ:
3.12%
SPYI:
1.44%
FLDZ:
13.25%
SPYI:
9.96%
FLDZ:
-19.54%
SPYI:
-10.19%
FLDZ:
-3.68%
SPYI:
-0.67%
Returns By Period
In the year-to-date period, FLDZ achieves a 4.68% return, which is significantly higher than SPYI's 2.41% return.
FLDZ
4.68%
3.72%
12.05%
22.29%
N/A
N/A
SPYI
2.41%
1.85%
11.99%
17.40%
N/A
N/A
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FLDZ vs. SPYI - Expense Ratio Comparison
FLDZ has a 0.77% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
FLDZ vs. SPYI — Risk-Adjusted Performance Rank
FLDZ
SPYI
FLDZ vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Patriot ETF (FLDZ) and NEOS S&P 500 High Income ETF (SPYI). 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.
Dividends
FLDZ vs. SPYI - Dividend Comparison
FLDZ's dividend yield for the trailing twelve months is around 1.12%, less than SPYI's 11.93% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FLDZ RiverNorth Patriot ETF | 1.12% | 1.17% | 1.39% | 1.52% |
SPYI NEOS S&P 500 High Income ETF | 11.93% | 12.04% | 12.01% | 4.10% |
Drawdowns
FLDZ vs. SPYI - Drawdown Comparison
The maximum FLDZ drawdown since its inception was -19.54%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for FLDZ and SPYI. For additional features, visit the drawdowns tool.
Volatility
FLDZ vs. SPYI - Volatility Comparison
RiverNorth Patriot ETF (FLDZ) has a higher volatility of 3.58% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.67%. This indicates that FLDZ's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.