LEXI vs. CEFZ
LEXI (Alexis Practical Tactical ETF) and CEFZ (RiverNorth Active Income ETF) are both Tactical Allocation funds. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. LEXI charges 1.00%/yr vs 3.36%/yr for CEFZ.
Performance
LEXI vs. CEFZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LEXI achieves a 11.23% return, which is significantly higher than CEFZ's 3.94% return.
LEXI
- 1D
- -2.01%
- 1M
- 0.91%
- YTD
- 11.23%
- 6M
- 11.51%
- 1Y
- 27.43%
- 3Y*
- 19.54%
- 5Y*
- —
- 10Y*
- —
CEFZ
- 1D
- -1.46%
- 1M
- -1.39%
- YTD
- 3.94%
- 6M
- 3.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LEXI vs. CEFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LEXI Alexis Practical Tactical ETF | 11.23% | 9.19% |
CEFZ RiverNorth Active Income ETF | 3.94% | 7.67% |
Correlation
The correlation between LEXI and CEFZ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.74 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LEXI vs. CEFZ — Risk / Return Rank
LEXI
CEFZ
LEXI vs. CEFZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alexis Practical Tactical ETF (LEXI) and RiverNorth Active Income ETF (CEFZ). 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.
| LEXI | CEFZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | — | — |
| Martin ratioReturn relative to average drawdown | 16.32 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LEXI | CEFZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.38 | -0.62 |
Drawdowns
LEXI vs. CEFZ - Drawdown Comparison
The maximum LEXI drawdown since its inception was -22.01%, which is greater than CEFZ's maximum drawdown of -6.66%. Use the drawdown chart below to compare losses from any high point for LEXI and CEFZ.
Loading charts...
Drawdown Indicators
| LEXI | CEFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.01% | -6.66% | -15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.94% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -1.88% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -1.20% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | — | — |
Volatility
LEXI vs. CEFZ - Volatility Comparison
Loading charts...
Volatility by Period
| LEXI | CEFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.85% | 10.48% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 10.48% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.66% | 10.48% | +4.18% |
LEXI vs. CEFZ - Expense Ratio Comparison
LEXI has a 1.00% expense ratio, which is lower than CEFZ's 3.36% expense ratio.
Dividends
LEXI vs. CEFZ - Dividend Comparison
LEXI's dividend yield for the trailing twelve months is around 0.85%, less than CEFZ's 8.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CEFZ RiverNorth Active Income ETF | 8.37% | 4.17% | 0.00% | 0.00% | 0.00% | 0.00% |
LEXI Alexis Practical Tactical ETF | 0.85% | 0.94% | 2.17% | 1.34% | 0.95% | 0.23% |
Frequently Asked Questions
LEXI and CEFZ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LEXI is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEXI is cheaper with a 1.00% expense ratio, compared with 3.36% for CEFZ.
CEFZ has the higher dividend yield at 8.37%, compared with 0.85% for LEXI.
They also come from different issuers: Alexis and RiverNorth. Their fees differ too: 1.00% for LEXI and 3.36% for CEFZ.
Find the right allocation for LEXI and CEFZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer