WAMA vs. CEFZ
WAMA (WisdomTree U.S. Adaptive Moving Average Fund) and CEFZ (RiverNorth Active Income ETF) are both Tactical Allocation funds. WAMA is passively managed, while CEFZ is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. WAMA charges 0.32%/yr vs 3.36%/yr for CEFZ.
Performance
WAMA vs. CEFZ - Performance Comparison
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Returns By Period
WAMA
- 1D
- -1.21%
- 1M
- -1.31%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEFZ
- 1D
- -0.97%
- 1M
- -1.00%
- YTD
- 3.57%
- 6M
- 3.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WAMA vs. CEFZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WAMA WisdomTree U.S. Adaptive Moving Average Fund | 0.33% |
CEFZ RiverNorth Active Income ETF | -1.00% |
Correlation
The correlation between WAMA and CEFZ is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 6, 2026 | 0.83 |
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Return for Risk
WAMA vs. CEFZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Adaptive Moving Average Fund (WAMA) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
WAMA vs. CEFZ - Drawdown Comparison
The maximum WAMA drawdown since its inception was -4.37%, smaller than the maximum CEFZ drawdown of -6.66%. Use the drawdown chart below to compare losses from any high point for WAMA and CEFZ.
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Drawdown Indicators
| WAMA | CEFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.37% | -6.66% | +2.29% |
Current DrawdownCurrent decline from peak | -3.20% | -2.23% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -1.21% | +0.08% |
Volatility
WAMA vs. CEFZ - Volatility Comparison
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Volatility by Period
| WAMA | CEFZ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 10.46% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 10.46% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 10.46% | +3.78% |
WAMA vs. CEFZ - Expense Ratio Comparison
WAMA has a 0.32% expense ratio, which is lower than CEFZ's 3.36% expense ratio.
Dividends
WAMA vs. CEFZ - Dividend Comparison
WAMA has not paid dividends to shareholders, while CEFZ's dividend yield for the trailing twelve months is around 8.40%.
| Position | TTM | 2025 |
|---|---|---|
CEFZ RiverNorth Active Income ETF | 8.40% | 4.17% |
WAMA WisdomTree U.S. Adaptive Moving Average Fund | 0.00% | 0.00% |
Frequently Asked Questions
WAMA and CEFZ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WAMA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WAMA is cheaper with a 0.32% expense ratio, compared with 3.36% for CEFZ.
CEFZ has the higher dividend yield at 8.40%, compared with 0.00% for WAMA.
They also come from different issuers: WisdomTree and RiverNorth. Their fees differ too: 0.32% for WAMA and 3.36% for CEFZ.
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