CEFZvsPFFETF Comparison
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RiverNorth Active Income ETF (CEFZ) and iShares Preferred and Income Securities ETF (PFF) belong to the same industry segment: Multi-Asset: Other. CEFZ's top 3 sector exposures are Non-Corporate, Finance and Technology. In contrast, PFF's top sector exposures are Finance, Technology and Utilities. CEFZ is more expensive with a Total Expense Ratio (TER) of 3.36%, versus 0.45% for PFF. CEFZ is up 2.51% year-to-date (YTD) with +$5M in YTD flows. PFF performs worse with -2.93% YTD performance, and -$1.20B in YTD flows. Run a side-by-side ETF comparison of CEFZ and PFF 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 PFF 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 PFF | -2.02%-2.87% | -2.82%-3.45% | +2.51%-2.93% | +5.25%-2.81% | n/a+19.92% | n/a-0.19% |
| Flows | CEFZ PFF | -$236K-$249M | +$2M-$710M | +$5M-$1.20B | +$7M-$1.54B | --$129M | --$3.40B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CEFZ PFF | +9.24%+7.74% | +9.25%+6.79% | n/a+7.72% | n/a+9.56% |
| Max drawdown | CEFZ PFF | -5.93%-5.45% | -6.39%-6.56% | n/a-10.45% | n/a-20.84% |
| Max drawdown duration | CEFZ PFF | 61d64d | 63d159d | n/a323d | n/a992d |
Trading data
CEFZ | PFF | |
Last sale 10/16/2026 at 1:30 PM | $28.86 | |
| Previous close 10/15/2026 | $29.17 | |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 17, 2026
1-year trailing difference
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CEFZ
is actively managed and doesn’t replicate an indexCEFZ | PFF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CEFZ | PFF | |
|---|---|---|
| Last price | – | $28.86 |
| 1D performance | – | -1.06% |
| AuM | $39.81 M | $11.96 B |
| E/R | 3.36% | 0.45% |
Characteristics
CEFZ | PFF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | TrueShares | iShares |
| Benchmark | - | ICE Exchange-Listed Preferred & Hybrid Securities Index |
| N° of holdings | 5983 | 281 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 4, 2025 | March 26, 2007 |
| ESG | No | No |
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Exposure
Countries
CEFZ
USA
88.72%
Other
11.28%
PFF
USA
96.7%
Other
3.3%
Sectors
CEFZ
Non-Corporate
72.36%
Finance
21.84%
Other
5.8%
PFF
Finance
63.49%
Technology
12.03%
Utilities
10.37%
Other
14.11%
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Diversification
CEFZ
Total weight of top 15 holdings out of 15
63.74%
PFF
Total weight of top 15 holdings out of 15
28.1%
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%
PFF
The Boeing Co.
3.55%
Strategy, Inc.
3.45%
Alphabet, Inc.
2.35%
Super Micro Computer, Inc.
2.24%
Alphabet, Inc.
2.22%
Oracle Corp.
2.22%
Wells Fargo & Co.
2.16%
Hewlett Packard Enterprise Co.
1.91%
Bank of America Corp.
1.46%
Albemarle Corp.
1.20%
KKR & Co., Inc.
1.20%
Citigroup, 7.875% 30oct2040, USD
1.12%
BlackRock Cash Funds - Treasury
1.06%
NextEra Energy, 7.375% 15feb2029, USD (Conv.)
0.99%
NextEra Energy, 5.15% 1jun2029, USD
0.97%
Frequently asked questions about CEFZ and PFF
How have the CEFZ and PFF ETFs performed in 2026?
As of October 16, 2026, CEFZ is up 2.51% year-to-date (YTD), while PFF has lost -2.93%. That puts CEFZ better performer ahead so far this year.
Which ETF is attracting more investor money: CEFZ or PFF?
Year-to-date, the CEFZ ETF saw +$5M in flows, compared to -$1.20B for PFF.
Which ETF is more volatile: CEFZ or PFF?
Over the past year, CEFZ had a volatility of 9.25%, while PFF experienced 6.79%.
Which ETF is bigger: CEFZ or PFF?
As of October 16, 2026, CEFZ holds $39.81 M in assets under management (AUM), while PFF manages $11.96 B.
What sectors do the CEFZ and PFF ETFs invest in?
CEFZ leans toward sectors like Non-Corporate and Finance. Meanwhile, PFF focuses on Finance, Technology and Utilities.
What are the top holdings of the CEFZ ETF and PFF ETF?
CEFZ top holdings include Pershing Square USA Ltd., Saba Capital Income & Opportunities Fund II and BlackRock Science & Technology Term Trust. PFF holds in its top three: The Boeing Co., Strategy, Inc. and Alphabet, Inc..
Which ETF is more diversified: CEFZ or PFF?
CEFZ holds 7944 securities with 63.74% of its assets in the top 15. PFF has 460 securities and a top 15 weight of 28.1%.
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