RTAIvsCEFZETF Comparison
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Rareview Tax Advantaged Income ETF (RTAI) belongs to the Municipal Bonds segment. RiverNorth Active Income ETF (CEFZ) is part of the Multi-Asset: Other segment. RTAI's top 1 sector exposures are Non-Corporate. In contrast, CEFZ's top sector exposures are Non-Corporate, Finance and Technology. RTAI is more expensive with a Total Expense Ratio (TER) of 5.24%, versus 3.36% for CEFZ. RTAI is down -3.41% year-to-date (YTD) with -$373K in YTD flows. CEFZ performs better with 4.06% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of RTAI and CEFZ 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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RTAI vs CEFZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RTAI CEFZ | +5.53%+0.37% | -4.45%-0.25% | -3.41%+4.06% | -3.33%+5.89% | +30.98%n/a | -10.24%n/a |
| Flows | RTAI CEFZ | -$378K-$236K | -$378K+$2M | -$373K+$5M | -$373K+$7M | -$4M- | +$3M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RTAI CEFZ | +13.03%+9.35% | +9.16%+9.39% | +9.11%n/a | +9.79%n/a |
| Max drawdown | RTAI CEFZ | -12.24%-5.97% | -14.12%-6.39% | -14.12%n/a | -33.52%n/a |
| Max drawdown duration | RTAI CEFZ | 75d75d | 123d63d | 123dn/a | 1811dn/a |
Trading data
RTAI | CEFZ | |
Last sale 10/30/2026 at 1:30 PM | $19.81 | |
| Previous close 10/29/2026 | $19.76 | |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
RTAI | CEFZ | |
|---|---|---|
| Last price | $19.81 | – |
| 1D performance | +0.29% | – |
| AuM | $16.35 M | $40.09 M |
| E/R | 5.24% | 3.36% |
Characteristics
RTAI | CEFZ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Rareview Capital | TrueShares |
| Benchmark | - | - |
| N° of holdings | 10 | 46 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 21, 2020 | August 4, 2025 |
| ESG | No | No |
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Exposure
Countries
RTAI
USA
98.66%
Other
1.34%
CEFZ
USA
87.97%
Other
12.03%
Sectors
RTAI
Non-Corporate
98.66%
Other
1.34%
CEFZ
Non-Corporate
72.07%
Finance
21.27%
Other
6.66%
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Diversification
RTAI
Total weight of top 10 holdings out of 10
98.66%
CEFZ
Total weight of top 15 holdings out of 15
65.46%
Top 15 holdings
Data as of September 30, 2026
RTAI
BlackRock MuniHoldings Fund Inc.
17.01%
BlackRock MuniYield Quality Fund III, Inc.
13.30%
BlackRock MuniYield Quality Fund, Inc.
13.07%
Neuberger Municipal Fund Inc.
12.70%
Eaton Vance Municipal Bond Fund
11.57%
PIMCO Municipal Income Fund II
10.85%
Western Asset Managed Municipals Fund Inc.
10.34%
BlackRock MuniHoldings California Quality Fund, Inc.
5.19%
NYLI MacKay DefinedTerm Muni Opportunities Fund
3.31%
AllianceBernstein National Municipal Income Fund
1.33%
CEFZ
Pershing Square USA Ltd.
10.27%
Saba Capital Income & Opportunities Fund II
6.09%
BlackRock Science & Technology Term Trust
4.94%
US46138E7278
4.78%
Pershing Square Holdings Ltd.
4.25%
Clough Global Equity Fund
4.13%
State Street Institutional Treasury Money Market Fund
4.03%
Royce Micro Cap Trust
4.02%
BlackRock Health Sciences Trust II
3.88%
Royce Small Cap Trust
3.58%
Guggenheim Strategic Opportunities Fund
3.43%
US0925286033
3.07%
FS Specialty Lending Fund
3.02%
Calamos Long/Short Equity & Dynamic Income Trust
2.99%
Clough Global Opportunities Fund
2.98%
Frequently asked questions about RTAI and CEFZ
How have the RTAI and CEFZ ETFs performed in 2026?
As of October 30, 2026, RTAI is down -3.41% year-to-date (YTD), while CEFZ has returned 4.06%. That puts CEFZ better performer ahead so far this year.
Which ETF is attracting more investor money: RTAI or CEFZ?
Year-to-date, the RTAI ETF saw -$373K in flows, compared to +$5M for CEFZ.
Which ETF is more volatile: RTAI or CEFZ?
Over the past year, RTAI had a volatility of 9.16%, while CEFZ experienced 9.39%.
Which ETF is bigger: RTAI or CEFZ?
As of October 30, 2026, RTAI holds $16.35 M in assets under management (AUM), while CEFZ manages $40.09 M.
What sectors do the RTAI and CEFZ ETFs invest in?
RTAI leans toward sectors like Non-Corporate. Meanwhile, CEFZ focuses on Non-Corporate and Finance.
What are the top holdings of the RTAI ETF and CEFZ ETF?
RTAI top holdings include BlackRock MuniHoldings Fund Inc., BlackRock MuniYield Quality Fund III, Inc. and BlackRock MuniYield Quality Fund, Inc.. CEFZ holds in its top three: Pershing Square USA Ltd., Saba Capital Income & Opportunities Fund II and BlackRock Science & Technology Term Trust.
Which ETF is more diversified: RTAI or CEFZ?
RTAI has 10 securities. CEFZ has 8041 securities and a top 15 weight of 65.46%.
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