RUNN vs. FLDZ

Last updated Jul 15, 2026

RUNN (Running Oak Efficient Growth ETF) and FLDZ (RiverNorth Patriot ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past 3 years, RUNN returned 7.77%/yr vs 10.57%/yr for FLDZ. Their correlation of 0.83 suggests significant overlap in exposure. RUNN charges 0.58%/yr vs 0.77%/yr for FLDZ.

Performance

RUNN vs. FLDZ - Performance Comparison

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

Returns By Period

In the year-to-date period, RUNN achieves a -1.14% return, which is significantly lower than FLDZ's 3.77% return.

RUNN

• 1D: -1.04%
• 1M: 1.10%
• 6M: -4.80%
• YTD: -1.14%
• 1Y: -2.70%
• 3Y*: 7.77%
• 5Y*: —
• 10Y*: —

FLDZ

• 1D: 0.99%
• 1M: -3.04%
• 6M: 0.65%
• YTD: 3.77%
• 1Y: 4.22%
• 3Y*: 10.57%
• 5Y*: —
• 10Y*: —

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

RUNN vs. FLDZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RUNN Running Oak Efficient Growth ETF	-1.14%	2.30%	17.16%	11.90%
FLDZ RiverNorth Patriot ETF	3.77%	6.66%	15.99%	10.23%

Correlation

The correlation between RUNN and FLDZ is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	0.83

The correlation between RUNN and FLDZ has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

RUNN vs. FLDZ - Sectors Allocation Comparison

Sectors	RUNN	FLDZ
Industrials	37.8%	12.4%
Technology	17.8%	3.5%
Healthcare	13.3%	12.9%
Financial Services	12.8%	15.9%
Consumer Cyclical	8.3%	13.8%
Basic Materials	3.7%	1.9%
Communication Services	2.1%	3.7%
Consumer Defensive	-	5.0%
Energy	-	10.5%
Real Estate	-	8.4%
Utilities	-	11.4%

Return for Risk

RUNN vs. FLDZ — Risk / Return Rank

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

RUNN

RUNN Risk / Return Rank: 7
RUNN Sharpe Ratio Rank: 7
RUNN Sortino Ratio Rank: 7
RUNN Omega Ratio Rank: 7
RUNN Calmar Ratio Rank: 7
RUNN Martin Ratio Rank: 7

FLDZ

FLDZ Risk / Return Rank: 17
FLDZ Sharpe Ratio Rank: 16
FLDZ Sortino Ratio Rank: 15
FLDZ Omega Ratio Rank: 14
FLDZ Calmar Ratio Rank: 19
FLDZ Martin Ratio Rank: 21

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.

RUNN vs. FLDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Running Oak Efficient Growth ETF (RUNN) 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.

	RUNN	FLDZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	0.36	-0.56
Sortino ratio: Return per unit of downside risk	-0.20	0.59	-0.79
Omega ratio: Gain probability vs. loss probability	0.98	1.07	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.26	0.68	-0.94
Martin ratio: Return relative to average drawdown	-0.55	2.00	-2.55

RUNN vs. FLDZ - Sharpe Ratio Comparison

The current RUNN Sharpe Ratio is -0.20, which is lower than the FLDZ Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of RUNN and FLDZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RUNN vs. FLDZ - Drawdown Comparison

The maximum RUNN drawdown since its inception was -16.83%, smaller than the maximum FLDZ drawdown of -19.54%. Use the drawdown chart below to compare losses from any high point for RUNN and FLDZ.

Drawdown Indicators

	RUNN	FLDZ	Difference
Max Drawdown Largest peak-to-trough decline	-16.83%	-19.54%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-6.25%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	-16.83%	-17.43%	+0.60%
Current Drawdown Current decline from peak	-6.13%	-4.52%	-1.61%
Average Drawdown Average peak-to-trough decline	-3.66%	-5.86%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	2.12%	+2.84%

Volatility

RUNN vs. FLDZ - Volatility Comparison

Running Oak Efficient Growth ETF (RUNN) and RiverNorth Patriot ETF (FLDZ) have volatilities of 4.12% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RUNN	FLDZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	4.20%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	8.33%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	11.80%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	16.83%	-3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	16.83%	-3.02%

RUNN vs. FLDZ - Expense Ratio Comparison

RUNN has a 0.58% expense ratio, which is lower than FLDZ's 0.77% expense ratio.

Dividends

RUNN vs. FLDZ - Dividend Comparison

RUNN's dividend yield for the trailing twelve months is around 0.56%, less than FLDZ's 1.48% yield.

Position	TTM	2025	2024	2023	2022
FLDZ RiverNorth Patriot ETF	1.48%	1.54%	1.17%	1.39%	1.52%
RUNN Running Oak Efficient Growth ETF	0.56%	0.55%	0.39%	0.33%	0.00%

Frequently Asked Questions

Can I hold both RUNN and FLDZ in my portfolio?

RUNN and FLDZ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RUNN or FLDZ?

FLDZ has higher volatility (4.20%) compared to RUNN (4.12%). In terms of maximum drawdown, RUNN dropped -16.83% vs FLDZ's -19.54%.

Which ETF is better, RUNN or FLDZ?

On 3-year performance, FLDZ leads with 10.57% vs 7.77% for RUNN. On fees, RUNN is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RUNN or FLDZ?

Over the 3-year period, FLDZ has performed better with a 10.57% return vs 7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RUNN or FLDZ?

RUNN is cheaper with a 0.58% expense ratio, compared with 0.77% for FLDZ.

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

FLDZ has the higher dividend yield at 1.48%, compared with 0.56% for RUNN.

What is the main difference between RUNN and FLDZ?

They also come from different issuers: Running Oak Capital and RiverNorth. Their fees differ too: 0.58% for RUNN and 0.77% for FLDZ.

Which has better risk-adjusted returns?

FLDZ currently has the higher Sharpe Ratio (0.36 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.