XRLX vs. CEFZ

Last updated Aug 5, 2026

XRLX (FundX Conservative ETF) and CEFZ (RiverNorth Active Income ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, XRLX returned 12.89% vs 14.89% for CEFZ. Their 0.70 correlation means they have sometimes moved together and sometimes differently. XRLX charges 1.63%/yr vs 3.36%/yr for CEFZ.

Performance

XRLX vs. CEFZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FundX Conservative ETF (XRLX) and RiverNorth Active Income ETF (CEFZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRLX achieves a 7.21% return, which is significantly higher than CEFZ's 6.70% return.

XRLX

• 1D: 1.60%
• 1M: 1.40%
• 6M: 6.35%
• YTD: 7.21%
• 1Y: 12.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.28%

CEFZ

• 1D: 0.77%
• 1M: 0.89%
• 6M: 5.05%
• YTD: 6.70%
• 1Y: 14.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.62%

*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)
CEFZ RiverNorth Active Income ETF	$200.75K	$132.12K	$126.00K
XRLX FundX Conservative ETF	$64.82K	$36.37K	$85.34K

XRLX vs. CEFZ - Yearly Performance Comparison

	2026 (YTD)	2025
XRLX FundX Conservative ETF	7.21%	6.13%
CEFZ RiverNorth Active Income ETF	6.70%	7.41%

Correlation

The correlation between XRLX and CEFZ is 0.71, 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.	0.71
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025	0.70

The correlation between XRLX and CEFZ has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

Return for Risk

XRLX vs. CEFZ — Risk / Return Rank

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

XRLX

XRLX Risk / Return Rank: 49
XRLX Sharpe Ratio Rank: 47
XRLX Sortino Ratio Rank: 46
XRLX Omega Ratio Rank: 45
XRLX Calmar Ratio Rank: 50
XRLX Martin Ratio Rank: 56

CEFZ

CEFZ Risk / Return Rank: 54
CEFZ Sharpe Ratio Rank: 52
CEFZ Sortino Ratio Rank: 52
CEFZ Omega Ratio Rank: 51
CEFZ Calmar Ratio Rank: 56
CEFZ Martin Ratio Rank: 61

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.

XRLX vs. CEFZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FundX Conservative ETF (XRLX) 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.

	XRLX	CEFZ	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.45	-0.12
Sortino ratio: Return per unit of downside risk	1.92	2.10	-0.18
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	2.06	2.24	-0.18
Martin ratio: Return relative to average drawdown	7.42	8.30	-0.88

XRLX vs. CEFZ - Sharpe Ratio Comparison

The current XRLX Sharpe Ratio is 1.33, which is comparable to the CEFZ Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of XRLX and CEFZ, 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

XRLX vs. CEFZ - Drawdown Comparison

The maximum XRLX drawdown since its inception was -15.33%, which is greater than CEFZ's maximum drawdown of -6.66%. Use the drawdown chart below to compare losses from any high point for XRLX and CEFZ.

Drawdown Indicators

	XRLX	CEFZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.33%	-6.66%	-8.67%
Max Drawdown (1Y) Largest decline over 1 year	-6.28%	-6.66%	+0.38%
Current Drawdown Current decline from peak	-1.07%	0.00%	-1.07%
Average Drawdown Average peak-to-trough decline	-1.74%	-1.21%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.80%	-0.06%

Volatility

XRLX vs. CEFZ - Volatility Comparison

FundX Conservative ETF (XRLX) has a higher volatility of 4.03% compared to RiverNorth Active Income ETF (CEFZ) at 2.74%. This indicates that XRLX's price experiences larger fluctuations and is considered to be riskier than CEFZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRLX	CEFZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	2.74%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	8.47%	7.74%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	9.77%	10.29%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.26%	10.29%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.26%	10.29%	+0.97%

XRLX vs. CEFZ - Expense Ratio Comparison

XRLX has a 1.63% expense ratio, which is lower than CEFZ's 3.36% expense ratio.

Dividends

XRLX vs. CEFZ - Dividend Comparison

XRLX's dividend yield for the trailing twelve months is around 2.59%, less than CEFZ's 9.92% yield.

Position	TTM	2025	2024	2023
CEFZ RiverNorth Active Income ETF	9.92%	4.17%	0.00%	0.00%
XRLX FundX Conservative ETF	2.59%	2.77%	1.66%	1.68%

Frequently Asked Questions

Can I hold both XRLX and CEFZ in my portfolio?

XRLX and CEFZ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XRLX or CEFZ?

XRLX has higher volatility (4.03%) compared to CEFZ (2.74%). In terms of maximum drawdown, XRLX dropped -15.33% vs CEFZ's -6.66%.

Which ETF is better, XRLX or CEFZ?

On 1-year performance, CEFZ leads with 14.89% vs 12.89% for XRLX. On fees, XRLX is cheaper at 1.63% per year. On volatility, CEFZ has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRLX or CEFZ?

Over the 1-year period, CEFZ has performed better with a 14.89% return vs 12.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRLX or CEFZ?

XRLX is cheaper with a 1.63% expense ratio, compared with 3.36% for CEFZ.

Which ETF pays a higher dividend yield, XRLX or CEFZ?

CEFZ has the higher dividend yield at 9.92%, compared with 2.59% for XRLX.

What is the main difference between XRLX and CEFZ?

They also come from different issuers: FundX and RiverNorth. Their fees differ too: 1.63% for XRLX and 3.36% for CEFZ.

Which has better risk-adjusted returns?

CEFZ currently has the higher Sharpe Ratio (1.45 vs 1.33), 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.