CEFZvsRTAIETF Comparison
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RiverNorth Active Income ETF (CEFZ) belongs to the Multi-Asset: Other segment. Rareview Tax Advantaged Income ETF (RTAI) is part of the Municipal Bonds segment. CEFZ's top 3 sector exposures are Non-Corporate, Finance and Technology. In contrast, RTAI's top sector exposures are Non-Corporate. CEFZ is less expensive with a Total Expense Ratio (TER) of 3.36%, versus 5.24% for RTAI. CEFZ is up 7.95% year-to-date (YTD) with +$6M in YTD flows. RTAI performs worse with 0.95% YTD performance, and +$5K in YTD flows. Run a side-by-side ETF comparison of CEFZ and RTAI 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 RTAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CEFZ RTAI | +3.17%+0.44% | +2.22%-1.33% | +7.95%+0.95% | +13.41%+7.05% | n/a+23.12% | n/a-8.37% |
| Flows | CEFZ RTAI | +$2M- | +$3M- | +$6M+$5K | +$5M+$5K | --$4M | -+$11M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CEFZ RTAI | +9.14%+6.56% | +8.87%+7.24% | n/a+8.72% | n/a+9.44% |
| Max drawdown | CEFZ RTAI | -2.61%-3.95% | -6.39%-6.27% | n/a-11.43% | n/a-34.49% |
| Max drawdown duration | CEFZ RTAI | 33d63d | 63d115d | n/a76d | n/a1811d |
Trading data
CEFZ | RTAI | |
Last sale 9/1/2026 at 1:30 PM | $20.73 | |
| Previous close 08/31/2026 | $20.88 | |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
CEFZ | RTAI | |
|---|---|---|
| Last price | – | $20.73 |
| 1D performance | – | -0.74% |
| AuM | $42.53 M | $17.66 M |
| E/R | 3.36% | 5.24% |
Characteristics
CEFZ | RTAI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | TrueShares | Rareview Capital |
| Benchmark | - | - |
| N° of holdings | 6084 | 6 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 4, 2025 | October 21, 2020 |
| ESG | No | No |
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Exposure
Countries
CEFZ
USA
40.42%
Other
59.58%
RTAI
USA
49.81%
Other
50.19%
Sectors
CEFZ
Non-Corporate
21.51%
Finance
21.48%
Other
57.01%
RTAI
Non-Corporate
49.81%
Other
50.19%
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Diversification
CEFZ
Total weight of top 15 holdings out of 15
61.84%
RTAI
Total weight of top 10 holdings out of 10
97.1%
Top 15 holdings
Data as of July 31, 2026
CEFZ
Pershing Square USA Ltd.
9.63%
Saba Capital Income & Opportunities Fund II
6.14%
US09260K1016
4.65%
US18914C1009
4.38%
Pershing Square Holdings Ltd.
4.34%
US7809151043
3.97%
US95766R1041
3.88%
US7809101055
3.69%
US09260E1055
3.50%
US18914E1064
3.18%
BlackRock Corporate High Yield Fund, Inc.
3.10%
US12812C1062
3.06%
Fs Specialty Lending Fund
2.82%
Blue Owl Technology Finance Corp
2.79%
US30290Y1010
2.71%
RTAI
US09253N1046
17.19%
BlackRock MuniYield Quality Fund, Inc.
13.32%
BlackRock MuniYield Quality Fund III, Inc.
13.30%
US64124P1012
12.83%
Eaton Vance Municipal Bond Fund
11.02%
US95766M1053
10.49%
PIMCO Municipal Income Fund II
7.08%
BlackRock MuniHoldings California Quality Fund, Inc.
5.09%
US01864U1060
3.50%
US56064K1007
3.28%
Frequently asked questions about CEFZ and RTAI
How have the CEFZ and RTAI ETFs performed in 2026?
As of August 31, 2026, CEFZ is up 7.95% year-to-date (YTD), while RTAI has returned 0.95%. That puts CEFZ better performer ahead so far this year.
Which ETF is attracting more investor money: CEFZ or RTAI?
Year-to-date, the CEFZ ETF saw +$6M in flows, compared to +$5K for RTAI.
Which ETF is more volatile: CEFZ or RTAI?
Over the past year, CEFZ had a volatility of 8.87%, while RTAI experienced 7.24%.
Which ETF is bigger: CEFZ or RTAI?
As of August 31, 2026, CEFZ holds $42.53 M in assets under management (AUM), while RTAI manages $17.66 M.
What sectors do the CEFZ and RTAI ETFs invest in?
CEFZ leans toward sectors like Non-Corporate and Finance. Meanwhile, RTAI focuses on Non-Corporate.
What are the top holdings of the CEFZ ETF and RTAI ETF?
CEFZ top holdings include Pershing Square USA Ltd., Saba Capital Income & Opportunities Fund II and US09260K1016. RTAI holds in its top three: US09253N1046, BlackRock MuniYield Quality Fund, Inc. and BlackRock MuniYield Quality Fund III, Inc..
Which ETF is more diversified: CEFZ or RTAI?
CEFZ holds 8017 securities with 61.84% of its assets in the top 15. RTAI has 10 securities.
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