FBDCvsRNMNETF Comparison
ETF 1
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-0.32%
VS
FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) belongs to the Uncategorized Equities segment. RiverNorth Market Neutral ETF - USD (RNMN) is part of the US Multi-Factor segment. FBDC's top 1 sector exposures are Finance. In contrast, RNMN's top sector exposures are Finance, Non-Corporate and Consumer Non-Cyclicals. FBDC is more expensive with a Total Expense Ratio (TER) of 12.44%, versus 0.59% for RNMN. FBDC is down -3.3% year-to-date (YTD) with +$2M in YTD flows. RNMN performs better with 1.81% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of FBDC and RNMN 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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FBDC vs RNMN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FBDC RNMN | -2.82%-0.34% | -0.43%-0.16% | -3.30%+1.81% | -0.95%+1.01% | n/a+18.22% | n/an/a |
| Flows | FBDC RNMN | +$858K-$260K | +$2M-$260K | +$2M+$2M | -$219K+$2M | -+$1M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBDC RNMN | +16.00%+1.08% | +18.18%+1.71% | n/a+2.24% | n/an/a |
| Max drawdown | FBDC RNMN | -8.57%-0.39% | -14.81%-1.14% | n/a-1.95% | n/an/a |
| Max drawdown duration | FBDC RNMN | 63d33d | 239d93d | n/a75d | n/an/a |
Trading data
FBDC | RNMN | |
Last sale 10/16/2026 at 1:30 PM | $16.41 | $26.01 |
| Previous close 10/15/2026 | $16.70 | $26.02 |
| 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
FBDC | RNMN | |
|---|---|---|
| Last price | $16.41 | $26.01 |
| 1D performance | -1.74% | -0.04% |
| AuM | $35.32 M | $6.88 M |
| E/R | 12.44% | 0.59% |
Characteristics
FBDC | RNMN | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | TrueShares |
| Benchmark | - | - |
| N° of holdings | 20 | 128 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2025 | July 12, 2022 |
| ESG | No | No |
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Exposure
Countries
FBDC
USA
95.59%
Other
4.41%
RNMN
USA
74.87%
Other
25.13%
Sectors
FBDC
Finance
95.59%
Other
4.41%
RNMN
Finance
82.75%
Other
17.25%
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Diversification
FBDC
Total weight of top 15 holdings out of 15
89.25%
RNMN
Total weight of top 15 holdings out of 15
33.75%
Top 15 holdings
Data as of August 31, 2026
FBDC
Main Street Capital Corp
12.58%
Hercules Capital, Inc.
11.40%
Ares Capital Corp.
9.64%
Golub Capital BDC, Inc.
9.07%
Sixth Street Specialty Lending, Inc.
8.18%
Blackstone Secured Lending Fund
6.57%
Blue Owl Capital Corp.
6.44%
Barings BDC, Inc.
5.27%
Capital Southwest Corp
4.70%
New Mountain Finance Corp.
4.14%
MidCap Financial Investment Corp
2.64%
Bain Capital Specialty Finance, Inc.
2.33%
Oaktree Specialty Lending Corp.
2.31%
Morgan Stanley Direct Lending Fund
2.09%
Kayne Anderson BDC, Inc.
1.89%
RNMN
State Street Institutional US Government Money Market Fund
5.77%
Graf Global Corp.
2.63%
Solarius Capital Acquisition Corp.
2.10%
Activate Energy Acquisition Corp.
2.02%
Bitcoin Infrastructure Acquisition Corp. Ltd.
2.02%
Lafayette Digital Acquisition Corp. I
2.01%
SC II Acquisition Corp.
2.01%
Legato Merger Corp. IV
2.00%
United Acquisition Corp. I
2.00%
SUMA Acquisition Corp.
2.00%
EQV Ventures Acquisition Corp. II
1.99%
Hall Chadwick Acquisition Corp.
1.93%
Invest Green Acquisition Corp.
1.93%
KYG370731062
1.80%
Mountain Lake Acquisition Corp. II
1.54%
Frequently asked questions about FBDC and RNMN
How have the FBDC and RNMN ETFs performed in 2026?
As of October 15, 2026, FBDC is down -3.3% year-to-date (YTD), while RNMN has returned 1.81%. That puts RNMN better performer ahead so far this year.
Which ETF is attracting more investor money: FBDC or RNMN?
Year-to-date, the FBDC ETF saw +$2M in flows, compared to +$2M for RNMN.
Which ETF is more volatile: FBDC or RNMN?
Over the past year, FBDC had a volatility of 18.18%, while RNMN experienced 1.71%.
Which ETF is bigger: FBDC or RNMN?
As of October 15, 2026, FBDC holds $35.32 M in assets under management (AUM), while RNMN manages $6.88 M.
What sectors do the FBDC and RNMN ETFs invest in?
FBDC leans toward sectors like Finance. Meanwhile, RNMN focuses on Finance.
What are the top holdings of the FBDC ETF and RNMN ETF?
FBDC top holdings include Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp.. RNMN holds in its top three: State Street Institutional US Government Money Market Fund, Graf Global Corp. and Solarius Capital Acquisition Corp..
Which ETF is more diversified: FBDC or RNMN?
FBDC holds 20 securities with 89.25% of its assets in the top 15. RNMN has 207 securities and a top 15 weight of 33.75%.
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