CEFZ vs VOO
RiverNorth Active Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CEFZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.82% | 0.03% | |
| AUM | $42M | $997.4B | |
| Dividend Yield | 11.00% | 1.08% | |
| Holdings | 51 | 509 | |
| YTD Return | +1.75% | +13.20% | |
| 1Y Return | +7.98% | +21.62% | |
| 3Y Return (annualized) | - | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 9.5% | 14.1% | |
| Max Drawdown | -8.3% | -34.3% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 27, 2006 | Sep 7, 2010 |
CEFZ vs VOO Performance
RiverNorth Active Income ETF (CEFZ) is a ETF from RiverNorth and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CEFZ returned +7.98% while VOO returned +21.62%. Year to date, CEFZ is up 1.75% versus a gain of 13.20% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
CEFZ and VOO 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 VOO?
CEFZ has an expense ratio of 2.82% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $279 per year of difference.
Which performed better, CEFZ or VOO?
Over the past year CEFZ returned +7.98% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), CEFZ annualized +8.50% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, CEFZ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.5% for CEFZ. Worst drawdown: CEFZ -8.3% vs VOO -34.3%.
Should I hold both CEFZ and VOO?
CEFZ and VOO 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 VOO?
CEFZ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, CEFZ or VOO?
CEFZ yields 11.00% while VOO yields 1.08%, so CEFZ currently pays the higher dividend yield.
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