RIV vs. SIOAX
Compare and contrast key facts about RiverNorth Opportunities Fund (RIV) and SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX).
RIV is managed by RiverNorth. SIOAX is managed by BlackRock. It was launched on Apr 8, 2012.
Performance
RIV vs. SIOAX - Performance Comparison
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RIV vs. SIOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIV RiverNorth Opportunities Fund | -2.24% | 19.69% | 18.72% | 2.57% | -11.30% | 12.94% | 14.09% | 15.24% | -7.67% | 17.17% |
SIOAX SEI Institutional Managed Trust Multi-Asset Income Fund | 0.35% | 10.08% | 7.25% | 11.09% | -13.13% | 4.50% | 5.33% | 14.33% | -2.11% | 6.77% |
Returns By Period
In the year-to-date period, RIV achieves a -2.24% return, which is significantly lower than SIOAX's 0.35% return. Over the past 10 years, RIV has outperformed SIOAX with an annualized return of 8.91%, while SIOAX has yielded a comparatively lower 5.05% annualized return.
RIV
- 1D
- 0.73%
- 1M
- -6.66%
- YTD
- -2.24%
- 6M
- -1.18%
- 1Y
- 10.45%
- 3Y*
- 14.25%
- 5Y*
- 4.94%
- 10Y*
- 8.91%
SIOAX
- 1D
- 0.10%
- 1M
- -2.20%
- YTD
- 0.35%
- 6M
- 2.26%
- 1Y
- 7.45%
- 3Y*
- 8.34%
- 5Y*
- 3.79%
- 10Y*
- 5.05%
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RIV vs. SIOAX - Expense Ratio Comparison
RIV has a 2.07% expense ratio, which is higher than SIOAX's 0.80% expense ratio.
Return for Risk
RIV vs. SIOAX — Risk / Return Rank
RIV
SIOAX
RIV vs. SIOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Opportunities Fund (RIV) and SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX). 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.
| RIV | SIOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 2.29 | -1.54 |
Sortino ratioReturn per unit of downside risk | 1.05 | 3.05 | -2.00 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.53 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.39 | -1.63 |
Martin ratioReturn relative to average drawdown | 3.05 | 11.01 | -7.96 |
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
| RIV | SIOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.29 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.84 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 1.00 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.06 | -0.67 |
Correlation
The correlation between RIV and SIOAX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RIV vs. SIOAX - Dividend Comparison
RIV's dividend yield for the trailing twelve months is around 13.72%, more than SIOAX's 4.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIV RiverNorth Opportunities Fund | 13.72% | 12.80% | 13.46% | 13.95% | 16.61% | 14.31% | 13.42% | 12.34% | 15.51% | 10.14% | 13.01% | 0.00% |
SIOAX SEI Institutional Managed Trust Multi-Asset Income Fund | 4.92% | 5.37% | 6.08% | 6.49% | 6.11% | 3.87% | 3.05% | 4.43% | 3.29% | 4.31% | 4.27% | 6.30% |
Drawdowns
RIV vs. SIOAX - Drawdown Comparison
The maximum RIV drawdown since its inception was -42.99%, which is greater than SIOAX's maximum drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for RIV and SIOAX.
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Drawdown Indicators
| RIV | SIOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.99% | -22.10% | -20.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -3.20% | -9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -17.57% | -11.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.99% | -22.10% | -20.89% |
Current DrawdownCurrent decline from peak | -6.89% | -2.25% | -4.64% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -2.35% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 0.69% | +2.49% |
Volatility
RIV vs. SIOAX - Volatility Comparison
RiverNorth Opportunities Fund (RIV) has a higher volatility of 3.88% compared to SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX) at 1.09%. This indicates that RIV's price experiences larger fluctuations and is considered to be riskier than SIOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIV | SIOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 1.09% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 1.86% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 3.36% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 4.56% | +12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 5.06% | +15.22% |