USMF vs. FLDZ

Last updated Aug 4, 2026

USMF (WisdomTree US Multifactor Fund) and FLDZ (RiverNorth Patriot ETF) are both Mid Cap Blend Equities funds. USMF is passively managed, while FLDZ is actively managed. Over the past 3 years, USMF returned 12.30%/yr vs 11.40%/yr for FLDZ. Their correlation of 0.87 means they have usually moved in the same direction. USMF charges 0.28%/yr vs 0.77%/yr for FLDZ.

Performance

USMF vs. FLDZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Multifactor Fund (USMF) 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, USMF achieves a 4.49% return, which is significantly lower than FLDZ's 6.89% return.

USMF

• 1D: 0.48%
• 1M: 0.58%
• 6M: 3.78%
• YTD: 4.49%
• 1Y: 7.20%
• 3Y*: 12.30%
• 5Y*: 7.47%
• 10Y*: —
• ALL TIME*: 10.37%

FLDZ

• 1D: 3.37%
• 1M: -1.65%
• 6M: 4.99%
• YTD: 6.89%
• 1Y: 9.59%
• 3Y*: 11.40%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLDZ RiverNorth Patriot ETF	$2.99K	$1.93K	$1.75K
USMF WisdomTree US Multifactor Fund	$1.09M	$1.05M	$1.76M

USMF vs. FLDZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USMF WisdomTree US Multifactor Fund	4.49%	4.60%	19.65%	13.47%	-8.82%
FLDZ RiverNorth Patriot ETF	6.89%	6.66%	15.99%	12.15%	-12.07%

Correlation

The correlation between USMF and FLDZ is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Jan 3, 2022	0.87

Over the past year, the correlation between USMF and FLDZ has dropped to 0.66 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

USMF vs. FLDZ - Sectors Allocation Comparison

Sectors	USMF	FLDZ
Technology	35.6%	3.4%
Financial Services	11.4%	15.5%
Consumer Cyclical	10.4%	14.6%
Communication Services	10.3%	4.2%
Industrials	9.9%	12.3%
Healthcare	9.7%	13.2%
Consumer Defensive	4.5%	4.7%
Energy	2.7%	10.3%
Utilities	2.1%	11.6%
Real Estate	2.0%	8.7%
Basic Materials	1.4%	1.5%

Return for Risk

USMF vs. FLDZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USMF

USMF Risk / Return Rank: 29
USMF Sharpe Ratio Rank: 26
USMF Sortino Ratio Rank: 26
USMF Omega Ratio Rank: 24
USMF Calmar Ratio Rank: 33
USMF Martin Ratio Rank: 35

FLDZ

FLDZ Risk / Return Rank: 31
FLDZ Sharpe Ratio Rank: 28
FLDZ Sortino Ratio Rank: 27
FLDZ Omega Ratio Rank: 28
FLDZ Calmar Ratio Rank: 34
FLDZ Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USMF vs. FLDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) 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.

	USMF	FLDZ	Difference
Sharpe ratio: Return per unit of total volatility	0.62	0.70	-0.08
Sortino ratio: Return per unit of downside risk	0.96	1.06	-0.10
Omega ratio: Gain probability vs. loss probability	1.11	1.14	-0.03
Calmar ratio: Return relative to maximum drawdown	1.12	1.24	-0.12
Martin ratio: Return relative to average drawdown	3.41	3.92	-0.51

USMF vs. FLDZ - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.62, which is comparable to the FLDZ Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of USMF 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

USMF vs. FLDZ - Drawdown Comparison

The maximum USMF drawdown since its inception was -36.24%, which is greater than FLDZ's maximum drawdown of -19.54%. Use the drawdown chart below to compare losses from any high point for USMF and FLDZ.

Drawdown Indicators

	USMF	FLDZ	Difference
Max Drawdown Largest peak-to-trough decline	-36.24%	-19.54%	-16.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-7.78%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	-17.43%	+2.04%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	—	—
Current Drawdown Current decline from peak	-2.03%	-1.65%	-0.38%
Average Drawdown Average peak-to-trough decline	-4.12%	-5.85%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.45%	-0.33%

Volatility

USMF vs. FLDZ - Volatility Comparison

The current volatility for WisdomTree US Multifactor Fund (USMF) is 3.77%, while RiverNorth Patriot ETF (FLDZ) has a volatility of 8.56%. This indicates that USMF experiences smaller price fluctuations and is considered to be less risky than FLDZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USMF	FLDZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	8.56%	-4.79%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	11.11%	-1.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	13.78%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	17.11%	-2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	17.11%	-0.16%

USMF vs. FLDZ - Expense Ratio Comparison

USMF has a 0.28% expense ratio, which is lower than FLDZ's 0.77% expense ratio.

Dividends

USMF vs. FLDZ - Dividend Comparison

USMF's dividend yield for the trailing twelve months is around 1.31%, less than FLDZ's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLDZ RiverNorth Patriot ETF	1.44%	1.54%	1.17%	1.39%	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%
USMF WisdomTree US Multifactor Fund	1.31%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both USMF and FLDZ in my portfolio?

USMF and FLDZ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USMF or FLDZ?

FLDZ has higher volatility (8.56%) compared to USMF (3.77%). In terms of maximum drawdown, USMF dropped -36.24% vs FLDZ's -19.54%.

Which ETF is better, USMF or FLDZ?

On 3-year performance, USMF leads with 12.30% vs 11.40% for FLDZ. On fees, USMF is cheaper at 0.28% per year. On volatility, USMF has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USMF or FLDZ?

Over the 3-year period, USMF has performed better with a 12.30% return vs 11.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USMF or FLDZ?

USMF is cheaper with a 0.28% expense ratio, compared with 0.77% for FLDZ.

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

FLDZ has the higher dividend yield at 1.44%, compared with 1.31% for USMF.

What is the main difference between USMF and FLDZ?

They also come from different issuers: WisdomTree and RiverNorth. Their fees differ too: 0.28% for USMF and 0.77% for FLDZ.

Which has better risk-adjusted returns?

FLDZ currently has the higher Sharpe Ratio (0.70 vs 0.62), 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.