CEFZ vs SPLS
RiverNorth Active Income ETF vs PIMCO US Stocks PLUS Active Bond Exchange-Traded Fund
Which is better, CEFZ or SPLS?
SPLS has been ahead.
SPLS has a lower expense ratio. SPLS led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CEFZ | SPLS |
|---|---|---|
| Expense Ratio | 2.82% | 0.18%Best |
| AUM | $40M | $88M |
| Dividend Yield | 10.37% | 0.54% |
| Holdings | 92 | 3 |
| YTD Return | -5.41% | +10.71%Best |
| 1Y Return | -3.36% | +10.71%Best |
| Volatility (annualized) | 9.7% | - |
| Max Drawdown | -8.3% | - |
| $10,000 over 1.2 years | $10,121 | - |
| Fund Family | RiverNorth | PIMCO (US) |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Dec 27, 2006 | Jan 15, 2026 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Aug 4, 2025 to Oct 14, 2026 (1.2 years).
CEFZ vs SPLS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.2 years both funds cover.
CEFZ vs SPLS Performance
RiverNorth Active Income ETF (CEFZ) is an ETF from RiverNorth and PIMCO US Stocks PLUS Active Bond Exchange-Traded Fund (SPLS) is an ETF from PIMCO (US). Over the past year CEFZ returned -3.36% while SPLS returned +10.71%. Year to date, CEFZ is down 5.41% versus a gain of 10.71% for SPLS.
Past performance does not guarantee future results.
Fees and Cost Over Time
CEFZ charges 2.82% per year while SPLS charges 0.18%. On a $10,000 position that is $282 vs $18 annually, a gap of $264 per year that compounds over a long holding period. On income, CEFZ currently yields 10.37% against 0.54% for SPLS.
Holdings Overlap
We hold position weights for 45 holdings in CEFZ and 3 in SPLS, totalling 99.8% and 98.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 45 positions we hold weights for in CEFZ and 3 in SPLS, against full books of 92 and 3.
You are not choosing between two funds in isolation.
Whichever of CEFZ and SPLS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CEFZ or SPLS?
CEFZ has an expense ratio of 2.82% while SPLS charges 0.18%. SPLS is the cheaper option, by $264 a year on a $10,000 investment.
Which performed better, CEFZ or SPLS?
Over the past year CEFZ returned -3.36% vs +10.71% for SPLS, so SPLS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, CEFZ or SPLS?
CEFZ yields 10.37% while SPLS yields 0.54%, so CEFZ currently pays the higher dividend yield.
Is SPLS better than CEFZ?
SPLS has a lower expense ratio. SPLS led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.