RNMN vs. FLDZ

Last updated Jul 10, 2026

RNMN (RiverNorth Market Neutral ETF) and FLDZ (RiverNorth Patriot ETF) are both exchange-traded funds - RNMN is a Equity Market Neutral fund actively managed by RiverNorth, while FLDZ is a Mid Cap Blend Equities fund actively managed by RiverNorth. Both are actively managed. RNMN charges 0.90%/yr vs 0.77%/yr for FLDZ.

Performance

RNMN vs. FLDZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverNorth Market Neutral ETF (RNMN) and RiverNorth Patriot ETF (FLDZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RNMN

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLDZ

• 1D: -0.52%
• 1M: 1.46%
• 6M: 4.23%
• YTD: 6.90%
• 1Y: 7.69%
• 3Y*: 12.28%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RNMN vs. FLDZ - Yearly Performance Comparison

	2026 (YTD)
RNMN RiverNorth Market Neutral ETF	0.00%
FLDZ RiverNorth Patriot ETF	-0.52%

Return for Risk

RNMN vs. FLDZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RNMN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FLDZ

FLDZ Risk / Return Rank: 26
FLDZ Sharpe Ratio Rank: 23
FLDZ Sortino Ratio Rank: 22
FLDZ Omega Ratio Rank: 21
FLDZ Calmar Ratio Rank: 30
FLDZ Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RNMN vs. FLDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverNorth Market Neutral ETF (RNMN) and RiverNorth Patriot ETF (FLDZ). 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.

	RNMN	FLDZ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.68	—
Sortino ratio: Return per unit of downside risk	—	1.04	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	1.24	—
Martin ratio: Return relative to average drawdown	—	3.74	—

Drawdowns

RNMN vs. FLDZ - Drawdown Comparison

The maximum RNMN drawdown since its inception was 0.00%, smaller than the maximum FLDZ drawdown of -19.54%. Use the drawdown chart below to compare losses from any high point for RNMN and FLDZ.

Drawdown Indicators

	RNMN	FLDZ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-19.54%	+19.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.43%	—
Current Drawdown Current decline from peak	0.00%	-1.64%	+1.64%
Average Drawdown Average peak-to-trough decline	0.00%	-5.86%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.06%	—

Volatility

Volatility by Period

	RNMN	FLDZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.42%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.79%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.79%	—

RNMN vs. FLDZ - Expense Ratio Comparison

RNMN has a 0.90% expense ratio, which is higher than FLDZ's 0.77% expense ratio.

Dividends

RNMN vs. FLDZ - Dividend Comparison

RNMN has not paid dividends to shareholders, while FLDZ's dividend yield for the trailing twelve months is around 1.44%.

Position	TTM	2025	2024	2023	2022
FLDZ RiverNorth Patriot ETF	1.44%	1.54%	1.17%	1.39%	1.52%
RNMN RiverNorth Market Neutral ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, RNMN or FLDZ?

On fees, FLDZ is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RNMN or FLDZ?

FLDZ is cheaper with a 0.77% expense ratio, compared with 0.90% for RNMN.

Which ETF pays a higher dividend yield, RNMN or FLDZ?

FLDZ has the higher dividend yield at 1.44%, compared with 0.00% for RNMN.

What is the main difference between RNMN and FLDZ?

RNMN is categorized as Equity Market Neutral, while FLDZ is Mid Cap Blend Equities. Their fees differ too: 0.90% for RNMN and 0.77% for FLDZ.