MPAY vs RIV
Akros Monthly Payout ETF vs RiverNorth Opportunities Fund Inc.
Which is better, MPAY or RIV?
Each has led over a different period.
MPAY has a lower expense ratio. MPAY led over 1Y, RIV over 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 | MPAY | RIV |
|---|---|---|
| Expense Ratio | 0.56%Best | 5.11% |
| AUM | $2M | $350M |
| Dividend Yield | 7.15% | 13.60% |
| Holdings | 63 | 442 |
| Volatility (annualized) | 10.9%Best | 16.9% |
| Max Drawdown | -15.7%Best | -24.2% |
| $10,000 over 3 years | $10,012 | $11,408Best |
| Fund Family | Akros | RiverNorth |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | May 5, 2022 | 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 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. MPAY has data through Apr 22, 2025 and RIV through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: May 6, 2022 to Apr 22, 2025 (3 years).
Risk: Volatility and Drawdowns
RIV has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 10.9% for MPAY. 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 -15.7% for MPAY and -24.2% 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MPAY charges 0.56% per year while RIV charges 5.11%. On a $10,000 position that is $56 vs $511 annually, a gap of $455 per year that compounds over a long holding period. On income, MPAY currently yields 7.15% against 13.60% for RIV.
You are not choosing between two funds in isolation.
Whichever of MPAY 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, MPAY or RIV?
MPAY has an expense ratio of 0.56% while RIV charges 5.11%. MPAY is the cheaper option, by $455 a year on a $10,000 investment.
Which is riskier, MPAY or RIV?
RIV has been the more volatile fund at 16.9% annualized versus 10.9% for MPAY. Worst drawdown: MPAY -15.7% vs RIV -24.2%.
Should I hold both MPAY and RIV?
MPAY and RIV have a monthly-return correlation of 0.66, 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, MPAY or RIV?
MPAY yields 7.15% while RIV yields 13.60%, so RIV currently pays the higher dividend yield.
Is RIV better than MPAY?
MPAY has a lower expense ratio. MPAY led over 1Y, RIV over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.