CEFZvsXMPTETF Comparison
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RiverNorth Active Income ETF (CEFZ) belongs to the Multi-Asset: Other segment. VanEck CEF Muni Income ETF (XMPT) is part of the Municipal Bonds segment. CEFZ's top 3 sector exposures are Non-Corporate, Finance and Technology. In contrast, XMPT's top sector exposures are Non-Corporate. CEFZ is less expensive with a Total Expense Ratio (TER) of 3.36%, versus 3.4% for XMPT. CEFZ is up 2.51% year-to-date (YTD) with +$5M in YTD flows. XMPT performs worse with -5.99% YTD performance, and +$22M in YTD flows. Run a side-by-side ETF comparison of CEFZ and XMPT 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 XMPT 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 XMPT | -2.02%-2.16% | -2.82%-9.69% | +2.51%-5.99% | +5.25%-5.06% | n/a+23.91% | n/a-13.46% |
| Flows | CEFZ XMPT | -$236K-$2M | +$2M+$386K | +$5M+$22M | +$7M+$37M | --$12M | -+$74M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CEFZ XMPT | +9.24%+12.92% | +9.25%+9.36% | n/a+8.90% | n/a+9.69% |
| Max drawdown | CEFZ XMPT | -5.93%-13.23% | -6.39%-13.73% | n/a-13.73% | n/a-34.21% |
| Max drawdown duration | CEFZ XMPT | 61d92d | 63d107d | n/a107d | n/a1748d |
Trading data
CEFZ | XMPT | |
Last sale 10/16/2026 at 1:30 PM | $19.70 | |
| Previous close 10/15/2026 | $19.52 | |
| 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 September 30, 2026
1-year trailing difference
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CEFZ
is actively managed and doesn’t replicate an indexCEFZ | XMPT | |
|---|---|---|
| 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 | XMPT | |
|---|---|---|
| Last price | – | $19.70 |
| 1D performance | – | +0.92% |
| AuM | $39.81 M | $198.94 M |
| E/R | 3.36% | 3.4% |
Characteristics
CEFZ | XMPT | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | TrueShares | VanEck |
| Benchmark | - | S-Network Municipal Bond Closed-End Fund Index |
| N° of holdings | 5983 | 37 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 4, 2025 | December 7, 2011 |
| ESG | No | No |
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Exposure
Countries
CEFZ
USA
88.72%
Other
11.28%
XMPT
USA
100%
Other
0%
Sectors
CEFZ
Non-Corporate
72.36%
Finance
21.84%
Other
5.8%
XMPT
Non-Corporate
100%
Other
0%
Diversification
CEFZ
Total weight of top 15 holdings out of 15
63.74%
XMPT
Total weight of top 15 holdings out of 15
72.07%
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%
XMPT
Nuveen AMT-Free Quality Municipal Income Fund
7.43%
BlackRock MuniHoldings Fund Inc.
7.39%
Nuveen Quality Municipal Income Fund
7.06%
BlackRock MuniYield Quality Fund, Inc.
6.19%
Nuveen AMT-Free Municipal Credit Income Fund
6.02%
Nuveen Municipal Credit Income Fund
5.42%
BlackRock Municipal 2030 Target Term Trust
5.36%
Nuveen Municipal High Income Opportunity Fund
4.93%
BlackRock MuniYield Quality Fund III, Inc.
4.89%
Nuveen Municipal Value Fund
4.62%
PIMCO Municipal Income Fund II
3.70%
Nuveen Select Tax Free Income Portfolio
2.44%
Aberdeen Municipal Income Fund
2.39%
Western Asset Managed Municipals Fund Inc.
2.17%
Invesco Municipal Opportunity Trust
2.06%
Frequently asked questions about CEFZ and XMPT
How have the CEFZ and XMPT ETFs performed in 2026?
As of October 16, 2026, CEFZ is up 2.51% year-to-date (YTD), while XMPT has lost -5.99%. That puts CEFZ better performer ahead so far this year.
Which ETF is attracting more investor money: CEFZ or XMPT?
Year-to-date, the CEFZ ETF saw +$5M in flows, compared to +$22M for XMPT.
Which ETF is more volatile: CEFZ or XMPT?
Over the past year, CEFZ had a volatility of 9.25%, while XMPT experienced 9.36%.
Which ETF is bigger: CEFZ or XMPT?
As of October 16, 2026, CEFZ holds $39.81 M in assets under management (AUM), while XMPT manages $198.94 M.
What sectors do the CEFZ and XMPT ETFs invest in?
CEFZ leans toward sectors like Non-Corporate and Finance. Meanwhile, XMPT focuses on Non-Corporate.
What are the top holdings of the CEFZ ETF and XMPT ETF?
CEFZ top holdings include Pershing Square USA Ltd., Saba Capital Income & Opportunities Fund II and BlackRock Science & Technology Term Trust. XMPT holds in its top three: Nuveen AMT-Free Quality Municipal Income Fund, BlackRock MuniHoldings Fund Inc. and Nuveen Quality Municipal Income Fund.
Which ETF is more diversified: CEFZ or XMPT?
CEFZ holds 7944 securities with 63.74% of its assets in the top 15. XMPT has 37 securities and a top 15 weight of 72.07%.
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