LEXI vs. CEFZ
LEXI (Alexis Practical Tactical ETF) and CEFZ (RiverNorth Active Income ETF) are both Tactical Allocation funds. Both are actively managed. A 0.72 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
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Returns By Period
In the year-to-date period, LEXI achieves a 13.71% return, which is significantly higher than CEFZ's 5.56% return.
LEXI
- 1D
- 0.28%
- 1M
- 0.72%
- 6M
- 10.93%
- YTD
- 13.71%
- 1Y
- 25.41%
- 3Y*
- 19.23%
- 5Y*
- 11.14%
- 10Y*
- —
CEFZ
- 1D
- 0.34%
- 1M
- 1.24%
- 6M
- 4.54%
- YTD
- 5.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LEXI vs. CEFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LEXI Alexis Practical Tactical ETF | 13.71% | 10.38% |
CEFZ RiverNorth Active Income ETF | 5.56% | 7.41% |
Correlation
The correlation between LEXI and CEFZ is 0.72, 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 4, 2025 | 0.72 |
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Return for Risk
LEXI vs. CEFZ — Risk / Return Rank
LEXI
CEFZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| LEXI | CEFZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | — | — |
| Martin ratioReturn relative to average drawdown | 14.74 | — | — |
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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.
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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% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.81% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -1.20% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | — | — |
Volatility
LEXI vs. CEFZ - Volatility Comparison
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Volatility by Period
| LEXI | CEFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 10.39% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 10.39% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 10.39% | +4.21% |
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 0.83%, less than CEFZ's 9.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CEFZ RiverNorth Active Income ETF | 9.13% | 4.17% | 0.00% | 0.00% | 0.00% | 0.00% |
LEXI Alexis Practical Tactical ETF | 0.83% | 0.94% | 2.17% | 1.34% | 0.95% | 0.23% |
Frequently Asked Questions
LEXI and CEFZ have a correlation of 0.72, 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 9.13%, compared with 0.83% for LEXI.
They also come from different issuers: Alexis and RiverNorth. Their fees differ too: 1.00% for LEXI and 3.36% for CEFZ.
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