LCR vs RIV
Leuthold Core ETF vs RiverNorth Opportunities Fund Inc.
Which is better, LCR or RIV?
LCR has been ahead.
LCR has a lower expense ratio. LCR led over 1Y and the full window.
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 | LCR | RIV |
|---|---|---|
| Expense Ratio | 0.83%Best | 5.11% |
| AUM | $66M | $350M |
| Dividend Yield | 1.30% | 13.60% |
| Holdings | 68 | 442 |
| Volatility (annualized) | 10.1%Best | 18.5% |
| Max Drawdown | -17.4%Best | -44.4% |
| $10,000 over 5 years | $14,558Best | $12,630 |
| Fund Family | Leuthold Funds | RiverNorth |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Jan 3, 2020 | Dec 23, 2015 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 635 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. LCR has data through Jan 17, 2025 and RIV through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 5 years row, are measured over the window both funds cover: Jan 6, 2020 to Jan 17, 2025 (5 years).
Risk: Volatility and Drawdowns
RIV has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 10.1% for LCR. 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 -17.4% for LCR and -44.4% for RIV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LCR charges 0.83% per year while RIV charges 5.11%. On a $10,000 position that is $83 vs $511 annually, a gap of $428 per year that compounds over a long holding period. On income, LCR currently yields 1.30% against 13.60% for RIV.
Holdings Overlap
We hold position weights for 33 holdings in LCR and 259 in RIV, totalling 95.5% and 126.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 274 days apart, LCR as of Oct 1, 2026 and RIV as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 33 positions we hold weights for in LCR and 259 in RIV, against full books of 68 and 442.
You are not choosing between two funds in isolation.
Whichever of LCR and RIV 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, LCR or RIV?
LCR has an expense ratio of 0.83% while RIV charges 5.11%. LCR is the cheaper option, by $428 a year on a $10,000 investment.
Which is riskier, LCR or RIV?
RIV has been the more volatile fund at 18.5% annualized versus 10.1% for LCR. Worst drawdown: LCR -17.4% vs RIV -44.4%.
Should I hold both LCR and RIV?
LCR and RIV have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LCR or RIV?
LCR yields 1.30% while RIV yields 13.60%, so RIV currently pays the higher dividend yield.
Is RIV better than LCR?
LCR has a lower expense ratio. LCR led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.