RNMNvsFBDCETF Comparison
VS
ETF 2
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-1.52%
RiverNorth Market Neutral ETF - USD (RNMN) belongs to the US Multi-Factor segment. FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) is part of the Uncategorized Equities segment. RNMN's top 3 sector exposures are Finance, Non-Corporate and Consumer Non-Cyclicals. In contrast, FBDC's top sector exposures are Finance. RNMN is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 12.44% for FBDC. RNMN is up 1.88% year-to-date (YTD) with +$2M in YTD flows. FBDC performs worse with -4.79% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of RNMN and FBDC 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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RNMN vs FBDC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RNMN FBDC | -0.25%-4.29% | -0.19%-0.44% | +1.88%-4.79% | +1.16%-0.85% | +18.30%n/a | n/an/a |
| Flows | RNMN FBDC | -$260K+$858K | -$260K+$2M | +$2M+$2M | +$2M-$219K | +$1M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RNMN FBDC | +1.09%+15.68% | +1.77%+18.17% | +2.24%n/a | n/an/a |
| Max drawdown | RNMN FBDC | -0.32%-8.38% | -1.16%-14.81% | -1.95%n/a | n/an/a |
| Max drawdown duration | RNMN FBDC | 31d61d | 104d239d | 75dn/a | n/an/a |
Trading data
RNMN | FBDC | |
Last sale 10/15/2026 at 1:46 PM | $26.04 | $16.39 |
| Previous close 10/14/2026 | $26.04 | $16.47 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/15/2026 at 1:46 PM
Live
Closed
RNMN | FBDC | |
|---|---|---|
| Last price | $26.04 | $16.39 |
| 1D performance | +0.00% | -0.49% |
| AuM | $6.88 M | $34.77 M |
| E/R | 0.59% | 12.44% |
Characteristics
RNMN | FBDC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | TrueShares | First Trust |
| Benchmark | - | - |
| N° of holdings | 128 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 12, 2022 | June 27, 2025 |
| ESG | No | No |
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Exposure
Countries
RNMN
USA
74.87%
Other
25.13%
FBDC
USA
95.59%
Other
4.41%
Sectors
RNMN
Finance
82.75%
Other
17.25%
FBDC
Finance
95.59%
Other
4.41%
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Diversification
RNMN
Total weight of top 15 holdings out of 15
33.75%
FBDC
Total weight of top 15 holdings out of 15
89.25%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about RNMN and FBDC
How have the RNMN and FBDC ETFs performed in 2026?
As of October 14, 2026, RNMN is up 1.88% year-to-date (YTD), while FBDC has lost -4.79%. That puts RNMN better performer ahead so far this year.
Which ETF is attracting more investor money: RNMN or FBDC?
Year-to-date, the RNMN ETF saw +$2M in flows, compared to +$2M for FBDC.
Which ETF is more volatile: RNMN or FBDC?
Over the past year, RNMN had a volatility of 1.77%, while FBDC experienced 18.17%.
Which ETF is bigger: RNMN or FBDC?
As of October 14, 2026, RNMN holds $6.88 M in assets under management (AUM), while FBDC manages $34.77 M.
What sectors do the RNMN and FBDC ETFs invest in?
RNMN leans toward sectors like Finance. Meanwhile, FBDC focuses on Finance.
What are the top holdings of the RNMN ETF and FBDC ETF?
RNMN top holdings include State Street Institutional US Government Money Market Fund, Graf Global Corp. and Solarius Capital Acquisition Corp.. FBDC holds in its top three: Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp..
Which ETF is more diversified: RNMN or FBDC?
RNMN holds 207 securities with 33.75% of its assets in the top 15. FBDC has 20 securities and a top 15 weight of 89.25%.
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