CEFZvsFPEETF Comparison
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RiverNorth Active Income ETF (CEFZ) and First Trust Preferred Securities and Income ETF (FPE) belong to the same industry segment: Multi-Asset: Other. CEFZ's top 3 sector exposures are Non-Corporate, Finance and Technology. In contrast, FPE's top sector exposures are Finance, Utilities and Telecommunications. CEFZ is more expensive with a Total Expense Ratio (TER) of 3.36%, versus 0.83% for FPE. CEFZ is up 2.51% year-to-date (YTD) with +$5M in YTD flows. FPE performs worse with -0.55% YTD performance, and -$44M in YTD flows. Run a side-by-side ETF comparison of CEFZ and FPE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CEFZ vs FPE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CEFZ FPE | -2.02%-1.36% | -2.82%-3.05% | +2.51%-0.55% | +5.25%-0.36% | n/a+29.44% | n/a+8.99% |
| Flows | CEFZ FPE | -$236K-$160M | +$2M-$166M | +$5M-$44M | +$7M+$97M | -+$530M | --$350M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CEFZ FPE | +9.24%+3.36% | +9.25%+3.00% | n/a+3.40% | n/a+5.38% |
| Max drawdown | CEFZ FPE | -5.93%-3.89% | -6.39%-3.89% | n/a-4.02% | n/a-21.21% |
| Max drawdown duration | CEFZ FPE | 61d88d | 63d88d | n/a92d | n/a1039d |
Trading data
CEFZ | FPE | |
Last sale 10/16/2026 at 1:30 PM | $17.08 | |
| Previous close 10/15/2026 | $17.10 | |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CEFZ | FPE | |
|---|---|---|
| Last price | – | $17.08 |
| 1D performance | – | -0.12% |
| AuM | $39.81 M | $5.91 B |
| E/R | 3.36% | 0.83% |
Characteristics
CEFZ | FPE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | TrueShares | First Trust |
| Benchmark | - | - |
| N° of holdings | 5983 | 282 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 4, 2025 | February 11, 2013 |
| ESG | No | No |
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Exposure
Countries
CEFZ
USA
88.72%
Other
11.28%
FPE
USA
45.87%
Canada
9.83%
Other
44.3%
Sectors
CEFZ
Non-Corporate
72.36%
Finance
21.84%
Other
5.8%
FPE
Finance
58.41%
Utilities
14.54%
Other
27.04%
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Diversification
CEFZ
Total weight of top 15 holdings out of 15
63.74%
FPE
Total weight of top 15 holdings out of 15
17.83%
Top 15 holdings
Data as of August 31, 2026
CEFZ
Pershing Square USA Ltd.
10.39%
Saba Capital Income & Opportunities Fund II
6.02%
BlackRock Science & Technology Term Trust
5.01%
Pershing Square Holdings Ltd.
4.47%
State Street Institutional Treasury Money Market Fund
4.24%
Clough Global Equity Fund
4.23%
Royce Micro Cap Trust
3.98%
Royce Small Cap Trust
3.70%
BlackRock Health Sciences Trust II
3.70%
Blue Owl Technology Finance Corp
3.21%
Clough Global Opportunities Fund
3.06%
Calamos Long/Short Equity & Dynamic Income Trust
3.02%
PIMCO Dynamic Income Fund
2.94%
FS Specialty Lending Fund
2.91%
Guggenheim Strategic Opportunities Fund
2.87%
FPE
Wells Fargo & Co.
1.91%
Barclays, 8% perp., USD
1.68%
NextEra Energy Capital Holdings, 6.5% 1jun2085, USD (U)
1.29%
Credit Agricole SA, 7.125% perp., USD
1.22%
JP Morgan, 6.875% perp., USD (NN)
1.22%
Xcel Energy, 6.25% 15oct2085, USD
1.21%
Hartford Financial Services, FRN 12feb2067, USD
1.12%
Charles Schwab, 4% perp., USD (H)
1.10%
Goldman Sachs, 7.5% perp., USD (X)
1.06%
American AgCredit ACA, 5.25% perp., USD (A)
1.03%
Bank of Montreal, 7.7% 26may2084, USD
1.02%
Corebridge Financial, 6.375% 15dec2064, USD
1.01%
T-Mobile USA, 5.5% 1mar2070, USD
1.01%
Enstar Group Ltd.
0.99%
DTE Energy, 6.25% 1oct2085, USD (2025 H)
0.96%
Frequently asked questions about CEFZ and FPE
How have the CEFZ and FPE ETFs performed in 2026?
As of October 16, 2026, CEFZ is up 2.51% year-to-date (YTD), while FPE has lost -0.55%. That puts CEFZ better performer ahead so far this year.
Which ETF is attracting more investor money: CEFZ or FPE?
Year-to-date, the CEFZ ETF saw +$5M in flows, compared to -$44M for FPE.
Which ETF is more volatile: CEFZ or FPE?
Over the past year, CEFZ had a volatility of 9.25%, while FPE experienced 3%.
Which ETF is bigger: CEFZ or FPE?
As of October 16, 2026, CEFZ holds $39.81 M in assets under management (AUM), while FPE manages $5.91 B.
What sectors do the CEFZ and FPE ETFs invest in?
CEFZ leans toward sectors like Non-Corporate and Finance. Meanwhile, FPE focuses on Finance and Utilities.
What are the top holdings of the CEFZ ETF and FPE ETF?
CEFZ top holdings include Pershing Square USA Ltd., Saba Capital Income & Opportunities Fund II and BlackRock Science & Technology Term Trust. FPE holds in its top three: Wells Fargo & Co., Barclays, 8% perp., USD and NextEra Energy Capital Holdings, 6.5% 1jun2085, USD (U).
Which ETF is more diversified: CEFZ or FPE?
CEFZ holds 7944 securities with 63.74% of its assets in the top 15. FPE has 397 securities and a top 15 weight of 17.83%.
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Latest news about CEFZ & FPE
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