CEFZ vs IVV
RiverNorth Active Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CEFZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 2.82% | 0.03% | |
| AUM | $42M | $907.0B | |
| Dividend Yield | 11.00% | 1.10% | |
| Holdings | 51 | 508 | |
| YTD Return | +1.75% | +13.22% | |
| 1Y Return | +7.98% | +21.62% | |
| 3Y Return (annualized) | - | +22.17% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 9.5% | 15.1% | |
| Max Drawdown | -8.3% | -56.5% | |
| Fund Family | RiverNorth | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 27, 2006 | May 15, 2000 |
CEFZ vs IVV Performance
RiverNorth Active Income ETF (CEFZ) is a ETF from RiverNorth and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CEFZ returned +7.98% while IVV returned +21.62%. Year to date, CEFZ is up 1.75% versus a gain of 13.22% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.5% for CEFZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.3% for CEFZ and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CEFZ charges 2.82% per year while IVV charges 0.03%. On a $10,000 position that is $282 vs $3 annually, a gap of $279 per year that compounds over a long holding period. On income, CEFZ currently yields 11.00% against 1.10% for IVV.
Holdings Overlap
CEFZ and IVV share 0 holdings out of 552 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CEFZ or IVV?
CEFZ has an expense ratio of 2.82% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $279 per year of difference.
Which performed better, CEFZ or IVV?
Over the past year CEFZ returned +7.98% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), CEFZ annualized +8.50% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, CEFZ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.5% for CEFZ. Worst drawdown: CEFZ -8.3% vs IVV -56.5%.
Should I hold both CEFZ and IVV?
CEFZ and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CEFZ and IVV?
CEFZ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, CEFZ or IVV?
CEFZ yields 11.00% while IVV yields 1.10%, so CEFZ currently pays the higher dividend yield.
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