XRLX vs. CEFZ

Last updated Jun 4, 2026

XRLX (FundX Conservative ETF) and CEFZ (RiverNorth Active Income ETF) are both Tactical Allocation funds. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. 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 7.85% return, which is significantly higher than CEFZ's 5.16% return.

XRLX

• 1D: -0.47%
• 1M: 4.47%
• YTD: 7.85%
• 6M: 8.12%
• 1Y: 17.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEFZ

• 1D: -0.73%
• 1M: 0.70%
• YTD: 5.16%
• 6M: 5.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRLX vs. CEFZ - Yearly Performance Comparison

	2026 (YTD)	2025
XRLX FundX Conservative ETF	7.85%	5.30%
CEFZ RiverNorth Active Income ETF	5.16%	7.67%

Correlation

The correlation between XRLX and CEFZ is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.71

Return for Risk

XRLX vs. CEFZ — Risk / Return Rank

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

XRLX

XRLX Risk / Return Rank: 67
XRLX Sharpe Ratio Rank: 68
XRLX Sortino Ratio Rank: 70
XRLX Omega Ratio Rank: 69
XRLX Calmar Ratio Rank: 58
XRLX Martin Ratio Rank: 70

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.

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.

	XRLX	CEFZ	Difference
Sharpe ratio Return per unit of total volatility	2.22	—	—
Sortino ratio Return per unit of downside risk	3.18	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	2.86	—	—
Martin ratio Return relative to average drawdown	12.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XRLX	CEFZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	1.56	-0.14

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%	—	—
Current Drawdown Current decline from peak	-0.47%	-0.73%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.70%	-1.20%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	—	—

Volatility

Volatility by Period

	XRLX	CEFZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.10%	10.39%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	10.39%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.05%	10.39%	+0.66%

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 2.57%, less than CEFZ's 8.27% yield.

Position	TTM	2025	2024	2023
CEFZ RiverNorth Active Income ETF	8.27%	4.17%	0.00%	0.00%
XRLX FundX Conservative ETF	2.57%	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 ETF is better, XRLX or CEFZ?

On fees, XRLX is cheaper at 1.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 8.27%, compared with 2.57% 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.